Prasad BagaregariSr. Principle Architect at a tech services company
Ram ChennaEnterprise Architect and CTO at Blueray Consulting
We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
"The initial setup is pretty straightforward."
"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."
"On the cloud, additional security is required."
"Mapping the process steps to an existing R2R process quickly would be a definite step forward."
"The licensing was purely based on the number of transactions being processed in production."
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.
Oracle Enterprise Performance Management Cloud is ranked 3rd in Financial Close Software with 1 review while Redwood Business Process Automation - Finance Edition is ranked 2nd in Financial Close Software with 1 review. Oracle Enterprise Performance Management Cloud is rated 9.0, while Redwood Business Process Automation - Finance Edition is rated 10.0. The top reviewer of Oracle Enterprise Performance Management Cloud writes "Straightforward to set up with good security and good design". 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". Oracle Enterprise Performance Management Cloud is most compared with SAP Business Planning and Consolidation, BlackLine and OneStream XF, 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 Financial Close Software vendors.
We monitor all Financial Close Software 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.