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  • Finance automation

    Breaking the mold of manual finance: A fresh approach to accruals, provisions and reclassifications

    Accruals, provisions and reclassifications represent some of the most intricate and labor-intensive components of the financial close process. In a global business environment where speed and accuracy are paramount, accruals, provisions and reclassifications are a substantial burden for finance teams, resulting in highly skilled staff being entrusted to manage these critical tasks when their time could be better applied elsewhere. Accounting automation, specifically Record to Report Automation by Redwood, can transform these challenges into opportunities for efficiency and accuracy.

  • Finance automation

    Get yourself off the manual journal treadmill at the month-end

    The month-end close is often marked by the hectic pace of completing journal entries. In the current landscape, where efficiency and accuracy are key, manual journal entries still stand out as a cumbersome challenge.  Challenges of manual journal entries The traditional approach to journal entries in the financial close process is dominated by manual processes: spreadsheets such as Excel and point solutions, which often involve different teams in preparing, approving, posting and validating entries.

  • Finance automation

    The touchless close: Transforming month-end stress into strategic success

    The end of each month traditionally brings a flurry of activities to finance functions, with finance teams immersed in closing the books. This period is often characterized by long hours, meticulous data reconciliation and a frenzied rush to meet deadlines. However, with advancements in automation technology, this scenario is rapidly evolving. The concept of finance automation and the “touchless close,” a term coined by analyst firm Gartner during the pandemic, is emerging as a transformative force amongst innovative record-to-report (R2R) initiatives,

  • Finance automation

    Transform record-to-report: The power of Redwood’s touchless close

    To this day, the traditional finance function struggles with inefficiencies and a heavy reliance on manual processes, particularly during the critical period-end close. Areas that are manually heavy include areas such as accruals, provisions and reclassifications, account reconciliation and compliance, journal entries and intercompany accounting. This not only hampers efficiency but also clouds the transparency that’s so vital in month-end financial reporting. The whitepaper “Master the Touchless Close” offers a ground-breaking solution to this enduring problem.

  • Finance automation

    Would you hire this “person” to reduce your month-end close by 3 working days?

    In finance, where time is of the essence, every minute counts. The month-end close is a critical process that demands precision, accuracy and efficiency. Finance teams often struggle with tight deadlines, late nights and the constant pressure to deliver results quickly with fewer resources. But what if there was a solution that could step in as your trusted ally, working tirelessly to expedite your month-end close and help you achieve more in less time? Imagine hiring a “virtual employee”

  • Digital transformation

    Weaving the future of automation: The rise of automation fabrics

    For the last fifteen years, the enterprise software industry has revolutionized our ability to weave an interconnected and intelligent architecture that enables organizations to seamlessly connect, manage and govern their data.   As the former CEO of one of the enterprise software leaders in analytics, I had a front-row seat to this “data fabric” revolution.  While it was easy to get caught up in the marketing hype around new terms like “big data” and “predictive analytics,” the reality was that the most competitive companies in the world were increasingly differentiating their ability to serve their customers based on how well they collected,

  • Automation predictions for 2024
    AI (Artificial Intelligence)

    Automation ROI, Hyperautomation, Generative AI for automation — What’s coming in 2024

    In the dynamic world of automation, staying one step ahead can be tricky but invaluable.  You want to ensure (as best you can) that you’re making the right moves and investments now to withstand tech developments and inevitable innovations along with your scaling business needs. Poor planning when it comes to automating your critical business processes will have your team running at a deficit, unable to keep up with workloads and working ineffectively. This will negatively impact operations,

  • Cloud

    Workload optimization: The roadmap to efficient IT operations

    In today’s digital age, businesses are searching for more efficient operations. One aspect of this is the concept of workload optimization. Redwood has been diving deep into the intricate aspects of this and similar concepts, always looking for ways to help businesses transform their operations. The essence of workload optimization Workload optimization ensures the right resources are in the right place at the right time. It allows businesses to align IT resources with their evolving needs,

  • IT automation

    Unveiling the power of infrastructure automation

    Infrastructure automation is reshaping the tech landscape, replacing traditional manual processes with smooth, automated workflows. Redwood Software is leading the way, offering innovative solutions to optimize operations and enhance functionality.Our innovative solutions streamline operations and help unleash the untapped potential within your IT environments, creating a symphony of synchronized workflows and harmonized processes, all aimed at delivering unparalleled user experiences and driving your organizational vision forward.Redwood offers a gateway to explore uncharted territories in infrastructure management,

  • Digital transformation

    Unravelling business process management: A guided exploration

    Ah, the business process management (BPM) world is vast, intricate and ever-evolving. It’s like walking through the magnificent Redwood forests; every step reveals something new and fascinating. Speaking of Redwood, did you know Redwood Software offers some of the most advanced tools to optimize and automate business processes? But let’s not get ahead of ourselves. First, Let’s embark on a journey to understand BPM and its undeniable significance better. Why business process management matters Business process management is optimizing and managing business processes to achieve more efficient outcomes.

  • Workflow automation

    Disadvantages of robotic process automation: Unmasking the hype

    In the drive to modernize and optimize, businesses are increasingly turning to digital solutions. Robotic process automation (RPA) stands out as a transformative force, promising efficiency and streamlined operations. At Redwood Software, our commitment to innovation positions us uniquely in this dynamic landscape. We not only understand the immense potential of RPA but also recognize its limitations. As we guide businesses in their automation journey, our focus remains on offering tailored solutions that truly resonate with their unique needs and challenges.

  • Workflow automation

    Understanding digital workflow automation and its potential for your business

    Discover how digital workflow automation enhances business efficiency and process optimization. This article explores the transformative power of automating workflows, offering insights into choosing the right digital workflow solutions and illustrating real-world application examples.

  • Workflow automation

    The ultimate guide to task scheduler software in 2024

    Discover how to select the ideal task scheduler software for enhanced efficiency in our detailed guide. Learn about key factors like integration, advanced features, and pricing, and explore how Redwood's solutions can revolutionize your task management.

  • Process automation

    Navigating through the limitations of robotic process automation (RPA)

    Explore our guide to navigate through the challenges of Robotic Process Automation, enhancing business efficiency and scalability. This article provides an in-depth look at the limitations of RPA and how Redwood’s solutions effectively address these challenges for improved business automation.

  • Workflow automation

    The undeniable benefits of business process management services

    Discover how Business Process Management Services streamline operations and improve efficiency. This article explores the benefits, features, and impact of BPM on modern business practices, offering insights and solutions for operational excellence.

  • Product knowledge

    Harness the power of automation integration with RunMyJobs connectors

    The need for seamless integration and efficient data management has never been more critical. RunMyJobs is at the forefront of this digital revolution, providing robust connectors that effortlessly bridge the gap between diverse systems, applications and data platforms.With a growing catalog of connectors for SAP systems, Oracle systems and more, we are committed to simplifying your workload automation, making it easier, faster and more reliable than ever before.Whether you’re a long-time user or just considering RunMyJobs for your business,

  • SAP

    Understanding SAP BTP Job Scheduler

    Learn more about how the SAP BTP Job Scheduler can transform your business operations. This article explores its role, integration, and benefits for optimizing SAP processes.

  • Workflow automation

    Gartner IOCS: Taming the Complexity, Full Stack Automation for IT Leaders

    At Gartner IT Infrastructure, Operations & Cloud Strategies Conference on November 20-21 in London, United Kingdom, Redwood Software’s SVP of Business Development and Strategy, Devin Gharibian-Saki, presented “Taming the Complexity, Full Stack Automation for IT Leaders.” At this session, attendees learned how to overcome the n-dimensional complexity created by the explosion of business applications. The answer: true end-to-end business process automation — made possible with full stack workload automation.   Attendees of Gartner IT Infrastructure,

  • Process automation

    RPA vs. BPA: Navigating the landscape of business automation

    Discover how to choose between RPA and BPA for your business automation needs. This comprehensive guide explores the differences, applications, and benefits of each technology, helping you make an informed decision for optimizing your business processes.

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