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HCL Technologies EXACTO vs Redwood Software - Finance Automation Edition comparison

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Buyer's Guide
Robotic Process Automation (RPA)
April 2024
Executive Summary

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

Find out what your peers are saying about UiPath, Microsoft, Automation Anywhere and others in Robotic Process Automation (RPA).
To learn more, read our detailed Robotic Process Automation (RPA) Report (Updated: April 2024).
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Featured Review
Use HCL Technologies EXACTO?
Ram Chenna
Single bot now replaces five associates who previously handled finance processes and eliminates manual errors
Redwood streamlined our financial closing process in two ways. Firstly, we've reduced the number of personnel needed. A single bot now replaces... Read more →
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pricing and Cost Advice
Information Not Available
  • "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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    What do you like most about Redwood Business Process Automation - Finance...
    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 »
    Read all 3 answers   →
    What is your experience regarding pricing and costs for Redwood Business ...
    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 »
    Read all 3 answers   →
    What needs improvement with Redwood Business Process Automation - Finance...
    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 »
    Read all 3 answers   →
    Ranking
    19th
    out of 58 in Intelligent Document Processing (IDP)
    Views
    168
    Comparisons
    110
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    19th
    out of 81 in Robotic Process Automation (RPA)
    Views
    486
    Comparisons
    322
    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
    HCLTech
    Redwood Software
    Overview

    EXACTO enables smart data extraction to accelerate invoice processing. HCL implemented the EXACTO™ product for the client's finance department that leverages Deep Neural Networking and Natural Language Processing to automate the data extraction in the processing of invoices.

    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
    Information Not Available
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company19%
    Educational Organization10%
    Energy/Utilities Company10%
    Real Estate/Law Firm8%
    VISITORS READING REVIEWS
    Financial Services Firm17%
    Energy/Utilities Company16%
    Computer Software Company9%
    Manufacturing Company5%
    Company Size
    VISITORS READING REVIEWS
    Small Business15%
    Midsize Enterprise10%
    Large Enterprise75%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise8%
    Large Enterprise74%
    Buyer's Guide
    Robotic Process Automation (RPA)
    April 2024
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    HCL Technologies EXACTO is ranked 19th in Intelligent Document Processing (IDP) while Redwood Software - Finance Automation Edition is ranked 19th in Robotic Process Automation (RPA) with 3 reviews. HCL Technologies EXACTO is rated 0.0, while Redwood Software - Finance Automation Edition is rated 9.0. On the other hand, the top reviewer of Redwood Software - Finance Automation Edition writes "User-friendly and enables automation in finance, HR, and SDM". HCL Technologies EXACTO is most compared with , whereas Redwood Software - Finance Automation Edition is most compared with UiPath, BlackLine, Blue Prism, Blue Prism Cloud and Automation Anywhere (AA).

    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.