Compare OpenConnect AutoiQ vs. Redwood Finance Automation

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Most Helpful Review
Use OpenConnect AutoiQ? Share your opinion.
Find out what your peers are saying about UiPath, Automation Anywhere, Blue Prism and others in Robotic Process Automation (RPA). Updated: January 2021.
456,719 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:

Pricing and Cost Advice
"If you look at the capital expenditure, Automation Anywhere is number two to UiPath. But if you take a long-term view, on a scalable model of a large number of bots coming out, it slowly goes on to become the costliest tool. There is something they can do about that. The capital expenditure goes out right at the point of buying the tool. For Automation Anywhere, I would need to spend $20,000. UiPath can give me something for $6,000, while Blue Prism will come in at $300,000.""It's cheaper than other similar solutions.""The cost for scalability is much cheaper than developing a new system.""If I compare it with Blue Prism, Automation Anywhere is cheaper. Blue Prism is very costly. Automation Anywhere's pricing follows the market, not less and not more.""It is expensive. Automation Anywhere has reduced the price slightly, as we have grown. However, the price is still excessive enough that we are engaged in PoCs on other tools.""Cost is the biggest area in need of improvement for Automation Anywhere. Annually it's $250,000. That's what deterred us right away.""We save 34,000 hours of time per year and have recouped up to $6000 in lost revenue.""We have a three-year contract with Automation Anywhere."

More Automation Anywhere (AA) Pricing and Cost Advice »

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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 depends on your use case. Is it simply to automate a couple of processes? Is it to augment a human team? AA is very… more »
Top Answer: From my experience using AA tool, it depends on the applications that you want to automate, because there some… more »
Top Answer: It is a highly preferred RPA tool. You can check my Automation Anywhere Review to know more.
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Popular Comparisons
Compared 36% of the time.
Compared 100% of the time.
Compared 34% of the time.
Also Known As
Automation Anywhere, Testing Anywhere, Automation Anywhere EnterpriseAutoiQRedwood Robotics
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Automation Anywhere
OpenConnect Systems
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Redwood Software
Overview

Automation Anywhere is a global leader in Robotic Process Automation (RPA), empowering customers to automate end-to-end business processes with software bots that perform repetitive and manual tasks, resulting in dramatic productivity gains and business resiliency with less than one-year payback, on average. The company offers the industry’s leading web-based and cloud-native intelligent automation platform combining RPA, artificial intelligence, machine learning and analytics right out of the box, to help organizations rapidly start and scale their process automation journey. Its Bot Store is the world's first and largest marketplace with more than 1,000 pre-built, intelligent automation solutions. With a global network of 2,000 partners, Automation Anywhere has deployed over 2.4 million bots to support some of the world’s largest enterprises across all industries. For additional information, visit www.automationanywhere.com.

OpenConnect’s AutoiQ enterprise-class RPA software is designed to automate tasks (regardless of complexity) and workflows and improve first-pass efficiency. AutoiQ is an indispensable part of OpenConnect’s path to automation success.

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 Automation Anywhere (AA)
Learn more about OpenConnect AutoiQ
Learn more about Redwood Finance Automation
Sample Customers
Google, Linkedin, Cisco, Juniper Networks, DellEMC, Comcast, Mastercard, Quest DiagnosticsCore Logic, AIB, HFS Research, Equiniti, British American TobaccoArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
Top Industries
REVIEWERS
Computer Software Company30%
Financial Services Firm23%
Manufacturing Company11%
Pharma/Biotech Company7%
VISITORS READING REVIEWS
Computer Software Company35%
Comms Service Provider15%
Financial Services Firm7%
Energy/Utilities Company5%
No Data Available
VISITORS READING REVIEWS
Computer Software Company45%
Energy/Utilities Company13%
Comms Service Provider13%
Wholesaler/Distributor7%
Company Size
REVIEWERS
Small Business12%
Midsize Enterprise9%
Large Enterprise79%
VISITORS READING REVIEWS
Small Business10%
Midsize Enterprise18%
Large Enterprise73%
No Data Available
No Data Available
Find out what your peers are saying about UiPath, Automation Anywhere, Blue Prism and others in Robotic Process Automation (RPA). Updated: January 2021.
456,719 professionals have used our research since 2012.

OpenConnect AutoiQ is ranked 40th in Robotic Process Automation (RPA) while Redwood Finance Automation is ranked 28th in Robotic Process Automation (RPA) with 1 review. OpenConnect AutoiQ is rated 0.0, while Redwood Finance Automation is rated 10.0. 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". OpenConnect AutoiQ is most compared with UiPath, whereas Redwood Finance Automation is most compared with Blue Prism, UiPath, Kryon RPA, BlackLine and SAP Contextor.

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

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