Compare Kryon 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.
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Quotes From Members

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

Pros
"Once I decide a process is suitable as a Kryon solution, the cycle of automation is quite quick. I learn about the manual process and I'm one of the two guys who program the Kryon environment. It's relatively simple. There are many details, but once you understand the concept it is quite easy.""The recording feature enables us to record what we're doing, like typing or clicking the mouse, and to identify objects on the screen. We basically teach the program how to type, instead of a person. That's the most powerful feature.""[One of the valuable features] is the triggers. It's relatively simple to activate it. You can activate it via Control-M or via email. It has a lot of built-in triggers which enable us to easily activate the jobs.""The number of commands it gives us to edit and modify is really good. It also captures screen activities and plays them back.""The most valuable features for our organization are the automatic processes which save main power in the back office.""All our users have no technical background. But Kryon is really simple and intuitive. Our business adapted very quickly and easily. This is the main thing and it's why we love the system so much. It's why we are always trying to put more processes into the system and make more use cases: because of the simplicity and the intuitive nature of the system.""We use PowerBuilder as our application building codex. Kryon adds flexibility when we have the functionality of SQL, where we can take sets of data out of the back-end and run complex computations or do a bunch of data validations inside the wizard. It can save us sometimes dozens of steps, then if we were to try and do those same reviews using the user interface completely. The balance that we get from using Kryon RPA, alongside being able to screen scrape and frequent screen, gives us an advantage that we haven't had previously with any of our other attempts at robotic process automation.""It has been helpful in reducing the manpower and error rate since we are able to run tasks 24/7 without interruptions. As humans definitely take breaks and there may be absenteeism that is unexpected, the solution provides continuous work. Humans tend to make errors once in a while, but the solution has almost zero percent errors."

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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
"It would be better to have [upgrades] done automatically, like an application on your smartphone. Or even if done manually, the upgrade should just be "next, next, next," and it's upgraded, rather than making it a project to upgrade.""I would like to see a better OCR solution. That's the main thing: identifying unstructured data, like all paper documents and data from pictures.""We need stronger governance to know, when a transaction is done, whether it worked or failed; strong logging. That would be helpful.""There are limitations on integrations with other platforms like ServiceNow. There are some issues integrating. It's not a really an open system. The product, its design, etc., is really good, but they have to look at the openness, how to integrate with other products which are available in the market, as well as with our own solutions. You can do integration but it is not so easy.""From our experience, the product is not suitable for end users.""I would expect that in the first year there is no ROI. It has to be measured over three or five years.""We would like to see having a little more specific documentation, or some of the examples be easier to find. One of the big things that we get directed to now is the Kryon Community page, but a lot of that wasn't in existence or publicized when we started doing our training and education. Now, we're stumbling through using it. For the majority of the time, we have either had to try and interpret what the instructions meant or do a service desk ticket.""Another major drawback is OCR. We are not able to read scanned documents correctly in a reliable way. There is always some margin of error. Some of the processes require us to read scanned documents, and you need to ensure that it is 100 percent accurate. Without that level of assurance, you can't automate such tasks."

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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
"We have a yearly license. It's about $5,000 per year.""For an unattended robot it's $6000 a month.""In addition to the standard licensing costs, there are manpower costs.""We've more than broken even over on the license. Year to date, we are at $120,000 in savings.""Licensing costs are about $100,000 a year without any additional costs.""We have been able to alleviate two FTEs, which was a big savings for us. We were able to reuse those resources in other locations. It is over 5000 hours a year in total savings.""Can't beat the price... There are different pricing levels for every bot or unattended bot. You can buy however many you want. You'll need an additional virtual machine for it to work on.""We're paying in the neighborhood of about $66,000 a year. The cost is fairly similar to its competitors' costs. It might have been a little bit more reasonable than the others, and that cost was with Process Discovery in addition."

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

More Redwood Business Process Automation - Finance Edition Pricing and Cost Advice »

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Questions from the Community
Top Answer: Hi, currently we are working RPA in an insurance company. One of the processes we're working to automate is auditing the parameters of the policy transactions being proactive not reactive. The other… 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
Views
10,213
Comparisons
4,641
Reviews
18
Average Words per Review
1,689
Rating
8.4
Views
1,038
Comparisons
814
Reviews
1
Average Words per Review
1,116
Rating
10.0
Popular Comparisons
Also Known As
The Leo Platform
Redwood Robotics, Redwood Finance Automation
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Overview

The Kryon RPA Platform sets the standard for secure, scalable and cost efficient robotic process automation management and optimization. It’s also among the most business-user friendly platforms on the market.

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 Kryon RPA
Learn more about Redwood Business Process Automation - Finance Edition
Sample Customers
HPE
ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
Top Industries
REVIEWERS
Financial Services Firm50%
Insurance Company13%
Energy/Utilities Company6%
Recruiting/Hr Firm6%
VISITORS READING REVIEWS
Computer Software Company30%
Comms Service Provider19%
Financial Services Firm9%
Insurance Company4%
VISITORS READING REVIEWS
Computer Software Company41%
Comms Service Provider16%
Energy/Utilities Company12%
Wholesaler/Distributor4%
Company Size
REVIEWERS
Small Business5%
Midsize Enterprise38%
Large Enterprise57%
VISITORS READING REVIEWS
Small Business22%
Midsize Enterprise39%
Large Enterprise38%
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.
511,607 professionals have used our research since 2012.

Kryon RPA is ranked 3rd in Robotic Process Automation (RPA) with 18 reviews while Redwood Business Process Automation - Finance Edition is ranked 17th in Robotic Process Automation (RPA) with 1 review. Kryon RPA is rated 8.4, while Redwood Business Process Automation - Finance Edition is rated 10.0. The top reviewer of Kryon RPA writes "The tool helps with speed to market, efficiency, and accuracy". 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". Kryon RPA is most compared with UiPath, Blue Prism, Automation Anywhere (AA), NTT-AT WinActor and Software AG ARIS Robotic Process Automation, 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.