Compare Kofax RPA vs. Redwood Finance Automation

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Most Helpful Review
Find out what your peers are saying about UiPath, Automation Anywhere, Blue Prism and others in Robotic Process Automation (RPA). Updated: January 2021.
457,209 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."

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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."

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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."

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

More Redwood Finance Automation Pricing and Cost Advice »

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Questions from the Community
Top Answer: It allows us to gather market intelligence and market information automatically that would otherwise be very time-consuming for a team for people.
Top Answer: We pay about £20,000 ($25,000 USD) per year for licensing fees. There are no costs in addition to the standard licensing fees.
Top Answer: Kofax is severely limited in that the internal browser is Chrome-based and we are unable to easily automate our ERP solution because it is exclusively Internet Explorer. This means that we can't use… more »
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Ranking
Views
9,868
Comparisons
6,617
Reviews
5
Average Words per Review
496
Rating
7.0
Views
1,049
Comparisons
850
Reviews
0
Average Words per Review
0
Rating
N/A
Popular Comparisons
Compared 24% of the time.
Compared 14% of the time.
Compared 9% of the time.
Compared 34% of the time.
Also Known As
Kofax Kapow, KapowRedwood Robotics
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Kofax
Redwood Software
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.

Redwood Software was founded in 1993 with a singular goal – to free people from the effort associated with unnecessary manual activity. Redwood delivers automation solutions worldwide for workload and scheduling, finance, and report distribution. Its technology is built on modern, adaptable architecture that is uniquely designed to be delivered as-a-service for maximum benefit and scalability.

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 solutions are built on our industrial scale automation technology to provide business users the power to design, deploy and operate transformational financial processes. Redwood Finance Automation improves efficiency and governance. It also frees finance professionals to focus on gaining valuable insights from corporate reporting information—rather than simply chasing data.

These solutions are built to support four pillars of finance processes: record to report, order to cash, procure to pay and asset accounting. Within record to report, we offer automated solutions for the close checklist, reconciliation, journal entry and intercompany. Clients report automating as much as 85% of finance tasks that once relied on repetitive manual work with Redwood.

Offer
Learn more about Kofax RPA
Learn more about Redwood Finance Automation
Sample Customers
Aetna, BNP Paribas, Citi, Goldman Sachs, HSBC, ING, Aviva, Humana, Willis, Merck, University Hospitals, CardinalHealth, American Red Cross, Alegri, CapitaArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
Top Industries
VISITORS READING REVIEWS
Computer Software Company39%
Comms Service Provider16%
Financial Services Firm6%
Media Company5%
VISITORS READING REVIEWS
Computer Software Company45%
Energy/Utilities Company13%
Comms Service Provider13%
Wholesaler/Distributor7%
Company Size
REVIEWERS
Small Business60%
Large Enterprise40%
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Find out what your peers are saying about UiPath, Automation Anywhere, Blue Prism and others in Robotic Process Automation (RPA). Updated: January 2021.
457,209 professionals have used our research since 2012.

Kofax RPA is ranked 12th in Robotic Process Automation (RPA) with 6 reviews while Redwood Finance Automation is ranked 28th in Robotic Process Automation (RPA) with 1 review. Kofax RPA is rated 7.0, while Redwood Finance Automation is rated 10.0. The top reviewer of Kofax RPA writes "Has everything centralized and constantly thinks of the large corporations that use their robots". On the other hand, the top reviewer of Redwood Finance Automation 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 Finance Automation is most compared with Blue Prism, UiPath, Kryon RPA, BlackLine and Automation Anywhere (AA).

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