Finance automation
From checklists to automation: Why your close management is still manual
A close management system is only as good as the automation it enables. Get real-time visibility into your tasks.
Blog & Newsroom
Articles about Finance automation
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Finance automationThe unseen burden: Why your “automated” journal entry process is still manual
More than half of the typical month-end close depends on journal entries. But for most finance and accounting teams, “automation” still means entering numbers into Excel templates, attaching supporting documents and emailing approvals because manual work is hidden behind a polished user interface. It doesn’t have to be this way though. Finance Automation by Redwood eliminates manual journal entries entirely. It integrates with your ERP systems, orchestrates every step in the journal entry process and removes human intervention from data sourcing,
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Finance automationThe illusion of progress: Why “automated” finance tools still run on human duct tape
Finance teams aren’t lacking in activity. From bookkeeping, journal entries and invoice processing to reconciliations and reporting, there’s always something in motion. Yet despite all the hustle, progress often feels out of reach. The real problem? Manual work hasn’t disappeared; it’s just been reshuffled into bottlenecks that delay more strategic work. In many cases, automation efforts have only shifted time-consuming accounting and finance tasks from one format to another. A spreadsheet becomes a shared dashboard. An email approval becomes a routed task.
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Finance automationManual, inconsistent, invisible: Why spreadsheets fail the test of reliable accounting
Discover how manual spreadsheet processes compromise accounting integrity and create significant operational risk. Finance automation establishes a secure, consistent and scalable foundation for modern financial reporting.
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Finance automationIs your R2R maturity truly moving from manual to autonomous?
Discover why many record-to-report (R2R) processes that seem automated are still burdened by hidden manual work and risk. Learn how to accurately measure your R2R automation maturity and shift from tactical fixes to strategic, end-to-end transformation.
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Finance automationWhy 39% of audits still fail — and what your accounting principles have to do with it
Nearly 40% of public company audits still fail — not because of fraud but because of lacking or outdated accounting principles. See how principles like objectivity and consistency break down in practice and how automation can restore the structure necessary for audit-readiness.
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Finance automationBeating the clock (and Parkinson’s Law): Why automation is key to a better month-end close
Is Parkinson's Law subtly sabotaging your month-end close, leading to wasted time and potential errors? Embracing automation provides a direct countermeasure and empowers your finance teams to move beyond simply meeting deadlines and achieve true efficiency and control.
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Finance automationManual to magic: Agile automation for closing journal entries, account reconciliations and more
Revolutionize your financial close process by embracing agile automation for journal entries, account reconciliations and more key steps. Use this practical guide to transform tedious tasks into streamlined, efficient workflows through focused sprints and tangible wins.
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Finance automationWhen the real work begins: Maximize finance automation ROI
Unlock the full potential of your recent digital transformation by strategically empowering your Finance team to move beyond routine tasks and become true business partners. Learn actionable strategies to redefine the function’s role and drive significant business value.
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Finance automationRethinking finance tech: People, projects and purpose
If you’re frustrated by underperforming finance technologies, it’s time to reevaluate your approach by prioritizing people and processes over the allure of plug-and-play solutions. Find out how to incrementally implement automation to achieve meaningful and lasting finance transformation.
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Finance automationThe 33%: What finance leaders know but aren’t implementing
Despite 91% of finance leaders acknowledging the potential for R2R automation, only 58% have implemented it, highlighting a significant gap between awareness and action. Barriers like legacy system integration and perceived high costs necessitate a strategic, holistic approach to overcome the 33% implementation deficit and realize the full ROI of automation.
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Finance automationR2R reality check: Research shows automation lags despite demand
Despite overwhelming agreement among finance leaders that automation is crucial for efficient record-to-report (R2R) processes, research reveals a significant gap between this perception and the actual implementation, with many organizations still relying on manual efforts. Explore the reasons behind this lag and access the full report.
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Finance automationMore software won’t save you: Change management advice for finance
Discover how change management can drive automation success for your financial transformation and get advice for your finance automation journey.
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Finance automationStreamlining reclassifications for financial accuracy
Manual financial reclassification processes are time-consuming and error-prone, leading to potential misstatements and prolonged month-end close cycles. Automate these processes to find cost savings, improve accuracy, enhance scalability and drive faster close cycles, ultimately enabling your finance teams to focus on higher-value analysis.
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Finance automationLetting go of the ledger: How automation gives accountants more power
Automation is transforming accounting, shifting the focus from tedious manual tasks to analysis and higher-level decision-making. By embracing automation as an accountant, you can gain greater control over your work and career and become a strategic advisor, providing more valuable insights that drive business success.
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Finance automationThe power of automation in managing accruals and provisions
Automation is revolutionizing accruals and provisions management, replacing error-prone manual processes with streamlined, accurate systems. Find out how this shift enhances financial reporting accuracy, ensures compliance with regulations and provides real-time insights for better decision-making.
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Finance automationRipple effects of finance transformation: 7 real-world stories
Learn how finance transformation helped four industry leaders automate operations, reduce inefficiencies, and drive strategic growth. Discover insights and how finance automation can help your organization.
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Finance automation“I fear for accounting’s future,” as industry talent shortage looms
An aging workforce and declining interest have resulted in a severe accounting talent shortage. The effects are exacerbated by increasing workloads and a mismatch between education and industry needs. Learn why embracing automation and AI is the way to upskill and attract more young professionals.
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Finance automationI was a CFO — and accounting’s tech problem is worse than you think
Outdated accounting technology is hindering the profession, but many accounting teams resist upgrading their software because of risk aversion, budget concerns and misconceptions about the complexity of modernization. Hear why one former CFO advocates for using automation and AI-powered solutions to free up accountants for more strategic work.
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Finance automationHow antiquated accounting tools are failing you during tax season
Tax season stress is exacerbated by antiquated software and manual processes. Given the current shortage of skilled professionals, the high cost of rework and errors and the limitations of manual processes in scaling to meet demand, automating accounting is becoming non-negotiable for forward-thinking organizations.
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Finance automationUnderstanding the record-to-report process steps: Streamlining financial reporting for informed decision-making
Learn more about record to report process steps and how to streamline financial reporting to help make and informed decision.
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Finance automationBenefits of automating your accounting processes
Learn more about how the automation of accounting processes can elevate your business efficiency. This article explores the key benefits and essential features of accounting process automation, highlighting the transformative impact on financial operations.
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Finance automationTop priorities for CFOs in today’s business environment
Learn more about the evolving role of CFOs and the top priorities driving their success in today's dynamic business landscape. Discover how strategic planning, digital transformation, and risk management shape the modern finance function.
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Finance automationTransforming financial record-keeping with advanced journal entry templates
Learn more about how advanced journal entry templates can transform your financial record-keeping. Discover the role and benefits of these essential tools in modern accounting.
