ReconArt vs Redwood Software - Finance Automation Edition comparison

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Executive Summary

We performed a comparison between ReconArt and Redwood Software - Finance Automation Edition based on real PeerSpot user reviews.

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To learn more, read our detailed Financial Close Software Report (Updated: March 2024).
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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:
Pricing and Cost Advice
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  • "The licensing was purely based on the number of transactions being processed in production."
  • More Redwood Software - Finance Automation Edition Pricing and Cost Advice →

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    Top Answer: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… more »
    Top Answer:The pricing is very client-specific. It's not a one-size-fits-all price. They don't have a single price for everyone. It's based on the client and the number of transactions. As Vodafone, a large… more »
    Top Answer:Everything seems to be working well. However, I see value in integrating AI for automation. So, I would like to see AI integration for automation in future releases. Ideally, after I perform postings… more »
    Ranking
    16th
    Views
    257
    Comparisons
    182
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    8th
    Views
    189
    Comparisons
    123
    Reviews
    2
    Average Words per Review
    1,150
    Rating
    8.5
    Comparisons
    Also Known As
    Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
    Learn More
    Overview

    ReconArt is a single-solution technology company providing a modern, enterprise-class, fully web-based reconciliation platform to a diverse, global client base of all industries and sizes. With our headquarters in the United States and offices in Europe, we provide solutions to the market since 2011.

    ReconArt’s integrated functionality supports all aspects of the reconciliation lifecycle based on industry best practices, regulatory standards, trends, and compliance mechanisms. Our client community is our greatest asset and we are very proud of our diverse Customer & Industry Profile. We continue to expand our footprint while ensuring full customer success by reinvesting into our core software product and learning from customer’s experiences and challenges in the reconciliation space.

    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.

    Sample Customers
    Asos, Coca-Cola, Fujifilm, Expedia, Workday, FCA
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    Top Industries
    VISITORS READING REVIEWS
    Retailer20%
    Financial Services Firm13%
    Computer Software Company11%
    Construction Company7%
    VISITORS READING REVIEWS
    Financial Services Firm17%
    Energy/Utilities Company16%
    Computer Software Company9%
    Manufacturing Company5%
    Company Size
    VISITORS READING REVIEWS
    Small Business25%
    Midsize Enterprise16%
    Large Enterprise58%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise8%
    Large Enterprise74%
    Buyer's Guide
    Financial Close Software
    March 2024
    Find out what your peers are saying about Blackline, Workiva, Oracle and others in Financial Close Software. Updated: March 2024.
    768,857 professionals have used our research since 2012.

    ReconArt is ranked 16th in Financial Close Software while Redwood Software - Finance Automation Edition is ranked 8th in Financial Close Software with 3 reviews. ReconArt is rated 0.0, while Redwood Software - Finance Automation Edition is rated 9.0. On the other hand, the top reviewer of Redwood Software - Finance Automation Edition writes "User-friendly and enables automation in finance, HR, and SDM". ReconArt is most compared with BlackLine, whereas Redwood Software - Finance Automation Edition is most compared with UiPath, BlackLine, Blue Prism, Blue Prism Cloud and Automation Anywhere (AA).

    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.