Compare ReconArt vs. Redwood Business Process Automation - Finance Edition

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

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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 »
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Also Known As
Redwood Robotics, Redwood Finance Automation
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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.

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Sample Customers
Asos, Coca-Cola, Fujifilm, Expedia, Workday, FCA
ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
Top Industries
No Data Available
Computer Software Company41%
Comms Service Provider13%
Energy/Utilities Company8%

ReconArt is ranked 18th in Financial Close Software while Redwood Business Process Automation - Finance Edition is ranked 2nd in Financial Close Software with 1 review. ReconArt is rated 0.0, while Redwood Business Process Automation - Finance Edition is rated 10.0. 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". ReconArt is most compared with Fiserv Accurate Reconciliation and BlackLine, whereas Redwood Business Process Automation - Finance Edition is most compared with UiPath, BlackLine, Blue Prism, Automation Anywhere (AA) and IBM Robotic Process Automation (RPA).

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