BotFarm vs Redwood Software - Finance Automation Edition comparison

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Executive Summary

We performed a comparison between BotFarm and Redwood Software - Finance Automation Edition based on real PeerSpot user reviews.

Find out in this report how the two Robotic Process Automation (RPA) solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed BotFarm vs. Redwood Software - Finance Automation Edition Report (Updated: March 2024).
770,292 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The most valuable feature of BotFarm is the fact that we can use escalations when we need more computer power to fulfill all embargo that we receive in one day.""BotFarm has been working perfectly fine with our business model. Its scalability is the most valuable feature. We can easily scale out bots on a need basis. Portability is another valuable feature. We work with different payment systems like Visa and MasterCard and have bots for them. Because of BotFarm, we are able to reuse these bots.""The entire backend system structure is something that I found really valuable.""The most valuable features are PDF extraction and emailing.""The main features of the solution are the IQ Bot and web-based automation.""What I like most about BotFarm is that it's one of the leading RPA products in the market. Very few products focus on robotics today, so I like that BotFarm offers a lot in terms of what general customers expect it to do.""The solution has very good processes. It's very easy to deploy and has good reviews on it. It offers good automation and the solution has very good developers working on it.""The solution is very stable. We don't have issues with bugs or glitches."

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"So the best thing is ease of use.""The out-of-the-box finance modules within the Redwood Finance framework help to speed up the process, versus designing and writing generic BOT code.""Redwood has a great feature where it logs every transaction. So, at any point, we can see every step taken for each transaction. It creates an audit trail of the entire process execution. It is a really good feature. This eliminates the need for extra coding or report generation. The audit report is readily available within the tool itself."

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Cons
"I would like to be able to access BotForm using a mobile app.""I have called customer service three times and the experience has not been good. They do not offer 24/7 support, which forces us to wait till the next working day to solve a problem.""The solution doesn't have support like they used to. They need support. We have personnel of our own, but sometimes we need assistance beyond our own team.""The CL command poses an issue during the process of data conversion, accuracy, data loss and the assessment of certain data as false.""The image processing capabilities definitely need to be improved.""We do have some troubles with the internal software commands, but we have been troubleshooting this bug to fix it.""The new version is not very stable. Sometimes I can't use the recording sound.""One aspect that can be improved is the accessibility of reusable components for developers. It relates to role-based access and accessibility."

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"Mapping the process steps to an existing R2R process quickly would be a definite step forward.""The room for balancing improvement lies in automation enhancement with respect to the feature areas, considering dealing directly with Excel and reviewing it to do some additional stuff for it in the end system so that reading the right thing, picking up the values, and everything.""would like to see AI integration for automation in future releases. Post-automation, I envision a generative AI model. If I could ask the bot questions like the number of invoices or their current status, it should be able to provide answers directly."

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Pricing and Cost Advice
  • "Pricing for this solution can be better."
  • "Our licensing costs are approximately $3,000 USD annually."
  • "The pricing model could be simplified."
  • "I think payment can vary but it's a re-occurring fee that needs to be paid every year."
  • "An unattended bot license costs around $5,000, whereas an attended bot license costs roughly $1,500."
  • "We pay approximately $15,000 USD per year."
  • "Licenses are paid on a yearly basis and the cost is quite high."
  • "It is too expensive and not worth the price."
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  • "The licensing was purely based on the number of transactions being processed in production."
  • More Redwood Software - Finance Automation Edition Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:The product has increased efficiency and reduced the time spent on tasks.
    Top Answer:The pricing is fair. We don't have any major problems with the pricing.
    Top Answer:The product must provide features related to AIOps. The tool must be able to monitor system performance based on certain activities or events. It must be able to detect certain health stats of the… more »
    Top Answer:Redwood has a great feature where it logs every transaction. So, at any point, we can see every step taken for each transaction. It creates an audit trail of the entire process execution. It is a… more »
    Top Answer:The pricing is very client-specific. It's not a one-size-fits-all price. They don't have a single price for everyone. It's based on the client and the number of transactions. As Vodafone, a large… more »
    Top Answer:Everything seems to be working well. However, I see value in integrating AI for automation. So, I would like to see AI integration for automation in future releases. Ideally, after I perform postings… more »
    Ranking
    Views
    1,004
    Comparisons
    351
    Reviews
    6
    Average Words per Review
    404
    Rating
    8.5
    Views
    477
    Comparisons
    318
    Reviews
    2
    Average Words per Review
    1,150
    Rating
    8.5
    Comparisons
    Also Known As
    Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
    Learn More
    Overview

    BotFarm is an enterprise-level robotic process automation (RPA) solution. What is unique about BotFarm is that users can buy RPA processes based on demand and not be confined to a license or a strict capacity structure. BotFarm, a robust product of Automation Anywhere, is the only RPA solution that allows users to buy only the products they need when they need them. BotFarm allows users to launch all the robots they need to get tasks completed sooner and more efficiently than many other products in the marketplace today. This consumption-based business model will result in significant savings and increase an organization's overall profitability.

    BotFarm Benefits

    • Scalable: The flexible nature of the solution makes it very easy to scale when needed.

    • User-friendly: The UI is simple to use and understand. Users do not have to be tech-savvy to deploy bots.

    • Improves efficiency: BotFarm will increase process integrity by reducing human error and the need for continuous manual human effort or interaction.

    • Integration: BotFarm integrates well with many third-party solutions.

    BotFarm Features

    • No code/low code solutions: Users can easily create and deploy bots to perform undesirable, mundane tasks, freeing IT staff to work on more productive, complicated tasks.

    • IQ Bots: Easily extrapolate data from any document, such as resumes, invoices, and legal documents, to ensure data is correctly correlated and grouped together and that overall data integrity is never compromised.

    • Fast: Deployed bots can complete tasks significantly faster than any human component, and with less error.

    • Cost-effective: Users only pay for the bots they actually need, and create as they go. This innovative process will save your organization time and money while increasing overall productivity and profitability. BotFarm has a very good ROI and is a stable, secure, and scalable solution.

    Reviews from Real Users

    Akshay P., Associate Systems Analyst at NSEiT Limited, relates, “It is very easy, simple. You're working on a notepad, and you don't need to know programming to work on this. The dashboards are quite good, especially on the latest versions.”

    A Digital Strategy Manager at an energy/utilities company shares, “The scalability is the solution's most valuable aspect. The reason Bot Farm is used is to have only one license available whenever you have a spike in the transactions. That is a core feature. That is something which we are using to the maximum. It's working well due to the fact that the solution use case is quite structured.”

    A Senior RPA Developer at a tech services company tells us, “The solution is great to automate any repetitive tasks, which you might do on a daily basis. For example, the organization may need to be generating invoices or extracting data from PDF files daily. It is very versatile in what you can automate. This has improved my organization by cutting down on repetitive tasks that now can be automated.”

    The volume of repetitive, manual tasks across finance is overwhelming – every day or at the end of every month, quarter or year. Redwood’s finance automation reduces that unnecessary and time-consuming manual effort. We know because our customers tell us that our finance automation solution helps them achieve a much higher degree of back-office process automation compared with alternatives.

    Sample Customers
    Cisco, CocaCola Bottlers Japan, Macy's, Whirlpool, Unilever
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    Top Industries
    REVIEWERS
    Comms Service Provider25%
    Financial Services Firm19%
    Energy/Utilities Company13%
    Healthcare Company6%
    VISITORS READING REVIEWS
    Computer Software Company26%
    Financial Services Firm18%
    Comms Service Provider9%
    Real Estate/Law Firm8%
    VISITORS READING REVIEWS
    Financial Services Firm18%
    Energy/Utilities Company16%
    Computer Software Company9%
    Manufacturing Company6%
    Company Size
    REVIEWERS
    Small Business11%
    Midsize Enterprise38%
    Large Enterprise51%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise15%
    Large Enterprise64%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise7%
    Large Enterprise74%
    Buyer's Guide
    BotFarm vs. Redwood Software - Finance Automation Edition
    March 2024
    Find out what your peers are saying about BotFarm vs. Redwood Software - Finance Automation Edition and other solutions. Updated: March 2024.
    770,292 professionals have used our research since 2012.

    BotFarm is ranked 15th in Robotic Process Automation (RPA) with 35 reviews while Redwood Software - Finance Automation Edition is ranked 19th in Robotic Process Automation (RPA) with 3 reviews. BotFarm is rated 8.0, while Redwood Software - Finance Automation Edition is rated 9.0. The top reviewer of BotFarm writes "Great feature sets, stable, and scalable". On the other hand, the top reviewer of Redwood Software - Finance Automation Edition writes "User-friendly and enables automation in finance, HR, and SDM". BotFarm is most compared with Automation Anywhere (AA), UiPath and Blue Prism Cloud, whereas Redwood Software - Finance Automation Edition is most compared with UiPath, BlackLine, Blue Prism, Blue Prism Cloud and Automation Anywhere (AA). See our BotFarm vs. Redwood Software - Finance Automation Edition report.

    See our list of best Robotic Process Automation (RPA) vendors.

    We monitor all Robotic Process Automation (RPA) reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.