Execute and manage the entire asset management process in a controlled manner.
Asset acquisition typically requires multiple touchpoints, approvals and the entry of different types of information across multiple applications. Our pre-built robotic process activities allow you to connect to the underlying disconnected applications. They streamline the many steps needed, ensuring an accurate position of assets on your balance sheet.
Redwood provides ready-to-use processes that can perform asset accounting activities within different applications, including Microsoft Excel and Word, with built-in workflow for acquiring the necessary approvals. Once asset acquisition is approved, the Redwood finance automation solution is able to create the necessary master data and enter records into the underlying ERP or asset management applications. Finance automation can also perform the necessary reconciliation and depreciation as part of the closing cycle.
A global car component manufacturer with multiple projects needed to go through the asset creation process thousands of times per year and across multiple countries, entities and business units. With the Redwood finance automation solution, it was able to eliminate 90% of the manual effort involved in this process.
Learn more about how the Redwood's finance automation solution can help you keep your assets working hard.
Redwood's finance automation solutions improve business processes across the organization. Ready-to-use process activities make it easy to get started, but you can also build your own custom automated processes tailored to your specific needs. Eliminate unnecessary manual processes. Free staff to unleash more business value.
Download the solution sheet to discover the power of our solutions.