Redwood Software - Finance Automation Edition vs UiPath comparison

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Executive Summary

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

Find out in this report how the two Robotic Process Automation (RPA) solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Redwood Software - Finance Automation Edition vs. UiPath Report (Updated: March 2024).
768,857 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"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.""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."

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"We enjoy the constant innovation. It's coming out with new things that we can use and new features all the time.""The APIs are very effective in building workflows.""It is great for automation. It can reduce the time needed for the entire work assignment, freeing up time for something more exciting.""The development part is very simple. It is easy to use. Our development time for a project is approximately two weeks now.""It reduces the manpower needed. It helps us automate large projects.""My impression of UiPath's stability is good. Compared to some other automation vendors that I've used, I would say that UiPath is more stable and better.""The Excel activities are valuable. We can do browser automation through other sites or tools, but for Excel, using tools or options like Selenium or JavaScript is quite complicated because we have to import the file from the JSQL or other things, whereas, in UiPath, we get direct activities. We can directly perform the operations by using the activities. We can directly apply logic to it, and that is how UiPath makes Excel automation easy. This is why I like it.""The way they stay on top of Orchestrator is really helpful because that has been the platform that controls everything. The dedication to that is pretty helpful. Every time there's a new release, it seems there are more and more features. It's also not hard to learn."

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Cons
"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.""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."

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"Our challenge with UiPath is getting the infrastructure assets up to speed, particularly on the Orchestrator side. However, I just now came from a demo for UiPath Web, and it seems to be to enable serverless robots, which would definitely be a lower barrier to entry.""We now have a functionality that is being released for web forms. It's more for attended. I would like to have these web forms exposed in Orchestrator to be able to trigger a bot externally. I know we have partners that provide similar functionality. I would like to have that same functionality where you could deploy a form, but instead of having it pop up on somebody's desktop, they could go through a URL through Orchestrator and trigger the bots via a web interface. This is instead of having to be tied down to an attended bot.""The only thing missing is something to track the development cycle. We use third-party tools to do that.""The high cost of UiPath licensing significantly reduces the value we get from the solution.""Even with drag-and-drop the product is a little difficult to use unless you are a programmer.""While UiPath Studio helps speed up the cost of digital transformation, in a way, it requires expensive or complex application upgrades or IT support, as it needs an entire setup. That setup requires support from different departments, and that comes with a cost.""From a developer's point of view, my biggest struggle with UiPath is debugging.""I would like more script access to the flow of activity, so we can try to see a text version of what we have in the user interface."

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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 →

  • "It costs much less and it does much more than the competitors' solutions."
  • "The pricing differs on the requirements. If there is a huge purchase, then we get a discount. There is not a fixed pricing of the product."
  • "If you want to do a demo trial, it is a 30 days free."
  • "The community edition is completely free. Then, people say, "There is nothing to lose, let me try it.""
  • "There are operational benefits in terms of time savings and user satisfaction of not having to do menial, repetitive tasks."
  • "Traditionally, Automation Anywhere and Blue Prism are the biggest things competing against UiPath. Those are usually what most of the clients lean towards, if they see a cheaper licensing option. Clients choose UiPath because it's easier to deploy and learn within their teams."
  • "We saw ROI in 15 days."
  • "They give it away in the community edition for free, so I use it at home."
  • More UiPath Pricing and Cost Advice →

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    Questions from the Community
    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 »
    Top Answer:I can only speak to UiPath since that is the only RPA solution that I have used. I know that there are specific packages that you can integrate into your project that is specifically made to work with… more »
    Top Answer:Yes, Attended Bots  which can run without centralized control Module. RPA Tools like Automation Anywhere, uiPath ,Power Automation they do support this.
    Top Answer:Microsoft‌ ‌Power‌ ‌Automate‌ ‌is‌ ‌intuitive‌ ‌and‌ ‌easy‌ ‌to‌ ‌integrate‌ ‌and‌ ‌use.‌ ‌I‌ ‌like‌ ‌that‌ ‌there‌ ‌is‌ ‌no‌ ‌coding‌ ‌experience‌ ‌necessary,‌ ‌and‌ ‌appreciate‌ ‌the‌ ‌automated‌… more »
    Ranking
    Views
    486
    Comparisons
    322
    Reviews
    2
    Average Words per Review
    1,150
    Rating
    8.5
    Views
    57,390
    Comparisons
    28,824
    Reviews
    312
    Average Words per Review
    959
    Rating
    8.7
    Comparisons
    Also Known As
    Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
    Learn More
    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.

    UiPath is a user-friendly automation software that streamlines business processes by automating repetitive tasks. It offers extensive automation capabilities, seamless integration with other systems, and robust security measures. 

    Users appreciate its intuitive design, ease of use, and ability to automate complex workflows. 

    Its seamless integration with various applications ensures smooth data exchange and enhances workflow management, while strong security measures protect sensitive data and maintain compliance with industry standards.

    Sample Customers
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    1. Accenture 2. Deloitte 3. PwC 4. IBM 5. Capgemini 6. KPMG 7. Ernst & Young 8. Infosys 9. Cognizant 10. Wipro 11. Tata Consultancy Services 12. HCL Technologies 13. Genpact 14. Tech Mahindra 15. DXC Technology 16. Atos 17. NTT Data 18. CGI 19. L&T Infotech 20. Hexaware Technologies 21. Mindtree 22. Mphasis 23. Virtusa 24. Syntel 25. Zensar Technologies 26. WNS Global Services 27. Hexaware Technologies 28. Larsen & Toubro Infotech 29. Persistent Systems 30. QuEST Global 31. Sonata Software 32. Zensar Technologies
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm17%
    Energy/Utilities Company16%
    Computer Software Company9%
    Manufacturing Company5%
    REVIEWERS
    Financial Services Firm20%
    Computer Software Company14%
    Manufacturing Company8%
    Healthcare Company6%
    VISITORS READING REVIEWS
    Computer Software Company15%
    Financial Services Firm13%
    Manufacturing Company8%
    Comms Service Provider6%
    Company Size
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise8%
    Large Enterprise74%
    REVIEWERS
    Small Business24%
    Midsize Enterprise14%
    Large Enterprise62%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise14%
    Large Enterprise66%
    Buyer's Guide
    Redwood Software - Finance Automation Edition vs. UiPath
    March 2024
    Find out what your peers are saying about Redwood Software - Finance Automation Edition vs. UiPath and other solutions. Updated: March 2024.
    768,857 professionals have used our research since 2012.

    Redwood Software - Finance Automation Edition is ranked 19th in Robotic Process Automation (RPA) with 3 reviews while UiPath is ranked 1st in Robotic Process Automation (RPA) with 760 reviews. Redwood Software - Finance Automation Edition is rated 9.0, while UiPath is rated 8.8. 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 UiPath writes "Facilitates end-to-end automation, has good AI and document understanding capabilities, and saves us costs previously spent on manual tasks". Redwood Software - Finance Automation Edition is most compared with BlackLine, Blue Prism, Blue Prism Cloud and Automation Anywhere (AA), whereas UiPath is most compared with Microsoft Power Automate, Automation Anywhere (AA), Blue Prism, Robocorp and Pega Robotic Process Automation. See our Redwood Software - Finance Automation Edition vs. UiPath report.

    See our list of best Robotic Process Automation (RPA) vendors.

    We monitor all Robotic Process Automation (RPA) 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.