• Home
  • Redwood Software - Finance Automation Edition vs. SAP Business Planning and Consolidation

Redwood Software - Finance Automation Edition vs SAP Business Planning and Consolidation comparison

Cancel
You must select at least 2 products to compare!
Comparison Buyer's Guide
Download the complete report
Buyer's Guide
Financial Close Software
March 2024
Executive Summary

We performed a comparison between Redwood Software - Finance Automation Edition and SAP Business Planning and Consolidation based on real PeerSpot user reviews.

Find out what your peers are saying about Blackline, Workiva, Oracle and others in Financial Close Software.
To learn more, read our detailed Financial Close Software Report (Updated: March 2024).
Download the complete report
767,667 professionals have used our research since 2012.
Featured Review
Ram Chenna
Single bot now replaces five associates who previously handled finance processes and eliminates manual errors
Redwood streamlined our financial closing process in two ways. Firstly, we've reduced the number of personnel needed. A single bot now replaces... Read more →
Anonymous User
​​It's a robust solution with no issues​. In my view, it is necessary to introduce another way to create reports...
It has hugely reduced the amount of time dedicated to perform the financial consolidation of the group. The group is composed by 100 companies, and... Read more →
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
  • "The licensing was purely based on the number of transactions being processed in production."

    • More Redwood Software - Finance Automation Edition Pricing and Cost Advice →

    Information Not Available
    report
    See Which Vendors Are Best For You
    Use our free recommendation engine to learn which Financial Close Software solutions are best for your needs.
    See Recommendations
    767,667 professionals have used our research since 2012.
    Questions from the Community
    What do you like most about Redwood Business Process Automation - Finance...
    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 »
    Read all 3 answers   →
    What is your experience regarding pricing and costs for Redwood Business ...
    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 »
    Read all 3 answers   →
    What needs improvement with Redwood Business Process Automation - Finance...
    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 »
    Read all 3 answers   →
    Ask a question

    Earn 20 points

    Ranking
    8th
    out of 27 in Financial Close Software
    Views
    189
    Comparisons
    123
    Reviews
    2
    Average Words per Review
    1,150
    Rating
    8.5
    7th
    out of 27 in Financial Close Software
    Views
    879
    Comparisons
    648
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    Comparisons
    Also Known As
    Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
    SAP BPC
    Learn More
    Redwood Software
    SAP
    Overview

    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.

    The SAP Business Planning and Consolidation (SAP BPC) application delivers planning, budgeting, forecasting, and financial consolidation capabilities, so you can easily adjust plans and forecasts, speed up budget and closing cycles, and ensure compliance with financial reporting standards.

    Sample Customers
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    Medtronic, Cirque du Soleil, Antarc, B&G Manufacturing, EarlySense, eBay, Ferrero, James Austin Company, Lenovo, Sagem, RAK Ceramics, Vodafone
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm17%
    Energy/Utilities Company16%
    Computer Software Company9%
    Manufacturing Company5%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Energy/Utilities Company8%
    Financial Services Firm8%
    Manufacturing Company8%
    Company Size
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise9%
    Large Enterprise73%
    VISITORS READING REVIEWS
    Small Business23%
    Midsize Enterprise11%
    Large Enterprise66%
    Buyer's Guide
    Financial Close Software
    March 2024
    Download Free Report
    Find out what your peers are saying about Blackline, Workiva, Oracle and others in Financial Close Software. Updated: March 2024.
    DOWNLOAD NOW
    767,667 professionals have used our research since 2012.

    Redwood Software - Finance Automation Edition is ranked 8th in Financial Close Software with 3 reviews while SAP Business Planning and Consolidation is ranked 7th in Financial Close Software. Redwood Software - Finance Automation Edition is rated 9.0, while SAP Business Planning and Consolidation is rated 7.0. The top reviewer of Redwood Software - Finance Automation Edition writes "User-friendly and enables automation in finance, HR, and SDM". On the other hand, the top reviewer of SAP Business Planning and Consolidation writes "​​It's a robust solution with no issues​. In my view, it is necessary to introduce another way to create reports apart from MS Excel". Redwood Software - Finance Automation Edition is most compared with UiPath, BlackLine, Blue Prism, Blue Prism Cloud and Automation Anywhere (AA), whereas SAP Business Planning and Consolidation is most compared with CCH Tagetik, Longview Analytics, LucaNet, Oracle Enterprise Performance Management Cloud and Adaptive Insights.

    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.