Redwood Business Process Automation - Finance Edition Overview

Redwood Business Process Automation - Finance Edition is the #2 ranked solution in our list of top Financial Close Software. It is most often compared to UiPath: Redwood Business Process Automation - Finance Edition vs UiPath

What is Redwood Business Process Automation - Finance Edition?

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.

Redwood Business Process Automation - Finance Edition is also known as Redwood Robotics, Redwood Finance Automation .

Buyer's Guide

Download the Robotic Process Automation (RPA) Buyer's Guide including reviews and more. Updated: July 2021

Redwood Business Process Automation - Finance Edition Customers

ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,

Redwood Business Process Automation - Finance Edition Video

Pricing Advice

What users are saying about Redwood Business Process Automation - Finance Edition pricing:
  • "The licensing was purely based on the number of transactions being processed in production."

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Ram Chenna
Enterprise Architect and CTO at Blueray Consulting
Real User
Top 5Leaderboard
Out-of-the-box modules help to save time in development and reduce human error

What is our primary use case?

The primary use case is to start with all Record to Report Processes within our FSSU, automating critical processes. This solution processes Record to Report (R2R), Order to Cash (O2C), and Procure to Pay (P2P) tasks. We started with engaging with Redwood right from Proof of Concept, Product Selection, Training, and Pilot Implementation. Redwood did an excellent job. Unlike other automation tools, Redwood has a unique space in finance automation, where standard SAP modules are used for automating every step in the process, quickly and easily. Right from identifying processes based on certain… more »

Pros and Cons

  • "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."
  • "Mapping the process steps to an existing R2R process quickly would be a definite step forward."

What other advice do I have?

I think this product is the right fit for finance processes that are very standard but definitely, a proper licensing model will go a long way for the adoption of Redwood for SME, and large enterprises as well.
Buyer's Guide
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