We performed a comparison between Oracle Enterprise Performance Management Cloud and Redwood Software - Finance Automation Edition based on real PeerSpot user reviews.
Find out in this report how the two Financial Close Software solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI."The solution offers well-integrated and dynamic platforms for all disciplines of enterprise performance management."
"The initial setup is pretty straightforward."
"Redwood has a great feature where it logs every transaction. So, at any point, we can see every step taken for each transaction. It creates an audit trail of the entire process execution. It is a really good feature. This eliminates the need for extra coding or report generation. The audit report is readily available within the tool itself."
"So the best thing is ease of use."
"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."
"Integration of AI, IoT, and RPA-based automation and prediction features with the solution will be a great plus. Oracle is continuously investing efforts in this direction and new features are being released on a continuous basis."
"would like to see AI integration for automation in future releases. Post-automation, I envision a generative AI model. If I could ask the bot questions like the number of invoices or their current status, it should be able to provide answers directly."
"Mapping the process steps to an existing R2R process quickly would be a definite step forward."
"The room for balancing improvement lies in automation enhancement with respect to the feature areas, considering dealing directly with Excel and reviewing it to do some additional stuff for it in the end system so that reading the right thing, picking up the values, and everything."
More Oracle Enterprise Performance Management Cloud Pricing and Cost Advice →
More Redwood Software - Finance Automation Edition Pricing and Cost Advice →
Oracle Enterprise Performance Management Cloud is ranked 3rd in Financial Close Software with 2 reviews while Redwood Software - Finance Automation Edition is ranked 8th in Financial Close Software with 3 reviews. Oracle Enterprise Performance Management Cloud is rated 9.0, while Redwood Software - Finance Automation Edition is rated 9.0. 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 Software - Finance Automation Edition writes "User-friendly and enables automation in finance, HR, and SDM". Oracle Enterprise Performance Management Cloud is most compared with SAP Business Planning and Consolidation, BlackLine, Workiva Wdesk, CCH Tagetik and Longview Analytics, whereas Redwood Software - Finance Automation Edition is most compared with UiPath, BlackLine, Blue Prism and Blue Prism Cloud. See our Oracle Enterprise Performance Management Cloud vs. Redwood Software - Finance Automation Edition report.
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.
