Compare Kofax RPA vs. Redwood Business Process Automation - Finance Edition

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Most Helpful Review
Find out what your peers are saying about UiPath, Automation Anywhere, Kryon Systems and others in Robotic Process Automation (RPA). Updated: June 2021.
509,641 professionals have used our research since 2012.
Quotes From Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros
"The features that we have found the most valuable are the integration of different third-party support and productivity services.""The best part of Kofax is that they have a whole concept. It's one product, but also has extra elements that can be integrated.""The drag and drop functionality is quite good.""This is a stable platform and we did not encounter any big problems.""It is stable and scalable.""The OCR was quite stable and flexible.""The pricing of the solution is quite good.""Provides valuable tools working in integration with RPA tools."

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"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."

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Cons
"This product has room for improvement in support of aviation. The interface could be improved in the next release.""I'd like to see a recording function and a more simple interface.""The solution needs to be scalable.""It needs a free training portal for anybody on the internet to use so that they can get an idea of what the possibilities are.""There is really nothing special about the capabilities of this product.""Exception handling needs to be improved.""The product needs more AI capabilities.""I would like to see them further enhance the OCR, specifically in the multi-language support."

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"Mapping the process steps to an existing R2R process quickly would be a definite step forward."

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Pricing and Cost Advice
"The normal price for an on-premises license is €50,000. That's the price for one robot license. You can have more than one robot license but only one can be run at any one time. I believe the cost of adding a second robot is around €14,000.""Price is not a problem, because they are a competitor and we have a special rate.""I don't have complete insight at this point in time, but I would guess that Kofax is a lot less expensive than Automation Anywhere. I would expect its license to be on a yearly basis.""Its pricing is reasonable given the product capabilities. Kofax has a wide range of products, and it can sometimes be confusing to understand which capabilities come with which product set. One of the key facets that we've been looking into recently is cognitive document recognition that was a core pile of some of their other technologies such as Kofax transformation modules (KTM)."

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"The licensing was purely based on the number of transactions being processed in production."

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Questions from the Community
Top Answer: The flexibility to use already-developed components is really good. You can use it for Excel-related operations and other things.
Top Answer: I don't have complete insight at this point in time, but I would guess that Kofax is a lot less expensive than Automation Anywhere. I would expect its license to be on a yearly basis.
Top Answer: Its documentation is not widely available on the web. For Automation Anywhere, a lot of documentation and YouTube videos are widely available, whereas the documentation for Kofax is not that widely… more »
Top Answer: 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.
Top Answer: To an extent, there is a definite cost involved in terms of setting up the right infrastructure and the licensing model. This needs a good discussion on the licensing and pricing model, which can be… more »
Top Answer: This is a tricky question, but certainly, some improvements are definitely needed in the template-based approach and modularity of design. Mapping the process steps to an existing R2R process quickly… more »
Ranking
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10,605
Comparisons
7,105
Reviews
9
Average Words per Review
571
Rating
7.3
Views
1,038
Comparisons
814
Reviews
1
Average Words per Review
1,116
Rating
10.0
Popular Comparisons
Also Known As
Kofax Kapow, Kapow
Redwood Robotics, Redwood Finance Automation
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Overview

Eliminate Errors by Automating Data Gathering and Input

Reduce error-prone, manual data entry and complete processes the same way, every time, resulting in more accurate, reliable outcomes. Automate virtually any activity that involves accessing and acting on information.

Increase Operational Efficiency with Intelligent Software Robots

Streamline the collection of important business data so you can stop draining your budget and resources. Infuse speed, intelligence, efficiency and quality into your business processes while freeing up your employees for more valuable work.

Lower Development Costs without the Need for Coding

Develop robotic automation processes to automatically run complex integrations and access any web data source without the need for costly and time-consuming coding. Efficiently complete automation projects that have been previously delayed due to more pressing needs.

Extend the Value of Business Process Automation (BPM) Solutions

Deploy robotic process automation (RPA) tactically within a business unit to meet your specific goals for a part of or the entire process. Run RPA as complementary to your business management (BPM) and case management platforms—using robots at various steps within a larger set of key business processes to further eliminate manual work.

Monitor and Optimize Processes with Robotic Process Intelligence

Proactively monitor and optimize the health of your robotic process automation platform with Kapow Robotic Process Intelligence. Monitor trends, ensure compliance, detect potential problems in real time and maximize the productivity of your digital workforce.

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.

Offer
Learn more about Kofax RPA
Learn more about Redwood Business Process Automation - Finance Edition
Sample Customers
Aetna, BNP Paribas, Citi, Goldman Sachs, HSBC, ING, Aviva, Humana, Willis, Merck, University Hospitals, CardinalHealth, American Red Cross, Alegri, Capita
ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
Top Industries
REVIEWERS
Computer Software Company25%
Security Firm13%
Transportation Company13%
Comms Service Provider13%
VISITORS READING REVIEWS
Computer Software Company33%
Comms Service Provider18%
Financial Services Firm6%
Media Company5%
VISITORS READING REVIEWS
Computer Software Company40%
Comms Service Provider16%
Energy/Utilities Company13%
Wholesaler/Distributor4%
Company Size
REVIEWERS
Small Business53%
Midsize Enterprise7%
Large Enterprise40%
VISITORS READING REVIEWS
Small Business16%
Midsize Enterprise14%
Large Enterprise70%
No Data Available
Find out what your peers are saying about UiPath, Automation Anywhere, Kryon Systems and others in Robotic Process Automation (RPA). Updated: June 2021.
509,641 professionals have used our research since 2012.

Kofax RPA is ranked 13th in Robotic Process Automation (RPA) with 10 reviews while Redwood Business Process Automation - Finance Edition is ranked 17th in Robotic Process Automation (RPA) with 1 review. Kofax RPA is rated 7.4, while Redwood Business Process Automation - Finance Edition is rated 10.0. The top reviewer of Kofax RPA writes "Stable, scalable, and provides flexibility to use already-developed components, but its documentation is not widely available and it needs a feature similar to Discovery Bot". On the other hand, the top reviewer of Redwood Business Process Automation - Finance Edition writes "Out-of-the-box modules help to save time in development and reduce human error". Kofax RPA is most compared with UiPath, ABBYY FlexiCapture, Blue Prism, Automation Anywhere (AA) and Microsoft Power Automate, whereas Redwood Business Process Automation - Finance Edition is most compared with UiPath, BlackLine, Blue Prism, Automation Anywhere (AA) and SAP Contextor.

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.