Redwood’s intelligent automation platform just hit a milestone in our journey to provide the best value with our service. We’ve now executed a collective 50 billion successful automations with our customers!
As many trivia fans know, the Burj Khalifa in Dubai is the tallest building in the world. At 163 stories, the skyscraper soars so far into the sky that, from the highest floors, you can still see the sun for several minutes after it sets at ground level. But one of the most awe-inspiring parts of the tower is something you can’t see — its foundation. Built deep into the ground, the concrete and steel foundation supports 450,000 metric tons of weight,
As Aristotle once said, “He who has overcome his fears will truly be free.” Aristotle may not have imagined his quote being used in a blog about workload automation migration fears, but his words ring true nonetheless. And having a fear of migration is legitimate. What you currently use for automation might be “ok” and working “fine” for now, so why would you risk potential disruptions, increases in cost and all that stress? Because, the right migration partner will help you overcome those fears and gain that glorious freedom Aristotle was talking about.
IT Operations refers to the deployment, management, and servicing of an organization’s IT infrastructure. It’s the central purpose of an organization’s IT department.
It’s not uncommon for IT organizations to have a mixed bag of workload automation (WLA) and scheduling software. In fact, 60% of organizations say they are using more than one WLA tool, according to a new survey of IT and business professionals by industry analysts EMA. This accumulation of WLA tools builds up over the years through mergers, acquisitions or different departments making their own product selections in isolation. But these siloed islands of automation store up all kinds of technical debt and inefficiencies that impact the business.
As business processes and workflows become more and more complex, the risks associated with inefficiency, errors and sluggishness to adopt modern practices go up dramatically. Fortunately, there is a solution to mitigate those risks — job orchestration. Here, we’ll explain how job orchestration tools can bring your enterprise into the next generation of efficient, reliable, automated IT orchestration solutions. What job orchestration is Simply put, job orchestration is taking disparate business processes throughout your enterprise and bringing their oversight and management together in one location.
Forbes reports that the world is projected to store 180 zettabytes of data in the cloud by 2025. This presents a major challenge: Despite the benefits cloud services deliver to myriad benefits to businesses, including reliable scalability, flexibility in providing new services and the ability to quickly deploy new technologies, they drive up the requirements for managing and monitoring lots of processes, tasks and systems. As adoption of new cloud technologies increased the number of management tasks that had to be performed by IT,
Many enterprises that use SAP as their ERP are somewhere in the process of making the big move to S/4HANA. According to ASUG (America’s SAP User Group), 31% of SAP users have made the move, 13% have started and 42% are making plans to move. This migration is a complex undertaking for IT teams but drives and delivers more value for their organizations. As part of this strategic focus on S/4HANA, SAP will end support after December 2024 for many applications that rely on the NetWeaver Java stack — including SAP BPA by Redwood.
Enterprise companies have been using automation tools for decades, starting way back with batch schedulers and overnight processing. Over time, new automation tools have been incorporated into IT environments to meet changing business needs and provide new capabilities. These tools are often added to automate specific types of tasks for individual business units such as finance or HR or automate specific systems, like an ERP. As a result, many enterprise IT teams now find themselves overseeing implementations of multiple automation tools,
It’s an ongoing challenge to balance immediate IT ecosystem needs against future-proofing your business. Every day, IT leaders are making decisions about which enterprise applications, servers and services should be moved to the cloud, and which will, or must, remain on-prem. When deciding where to deploy workload automation in your business, there are advantages and trade-offs between cloud-based SaaS and on-prem workload automation. Cloud-native SaaS workload automation can bring significant benefits to an enterprise, including efficiency,
This article was published in 2022 at a time when the pandemic was accelerating digital transformation for many organizations. Now in 2024, business process automation has come a long way as enterprises continue to evolve cloud strategies and incorporate emerging technologies such as AI. See what automation expert and Redwood Software Chief Product Officer Abhijit Kakhandiki is predicting for this year in his post: Automation ROI, Hyperautomation, Generative AI for automation — What’s coming in 2024.
Learn about the evolution of job scheduling and workload automation solutions into Service Orchestration and Automation Platforms (SOAPs). Changes to IT environments and processes have continued to skyrocket in recent years. Digital transformation initiatives are now characterized by cloud adoption, workload automation (WLA) and process orchestration across complex ecosystems. As a result, the automation strategies and tools you choose for enterprise use cases must evolve. Traditional approaches and cloud automation solutions can’t meet the needs of the new IT environment and the changing face of business.
This article is based in part on our eBook, “The future is now: Why it’s time to invest in workload automation.” Today’s enterprises are deploying new technologies and realigning them to their business strategies. The goal for most is to improve flexibility as they navigate dynamic challenges and circumstances. This includes adapting to lockdowns and social distancing, evolving consumer expectations and supply chain uncertainty. For most enterprises, this represents a new normal — the world is quickly changing and the organizations that can adapt the quickest are most likely to succeed.
As a modern utility, you face a growing number of challenges — rising consumer expectations, evolving technologies like the Internet of Things (IoT) and cloud computing, the always-growing complexities of regulatory compliance and more. But meeting these challenges isn’t impossible. It just requires a commitment to evolve and incorporate the best automation solutions for your particular requirements. Undertaking an automation initiative for utilities starts with mapping out its unique processes, specifically around meter-to-cash. By optimizing automation of this end-to-end process,
Multinational corporations face compliance challenges in 2021 as intercompany agreements and transfer pricing come under increased scrutiny by hawkish tax authorities. The OECD estimates intra-group transfers make up more than 60% of world trade, underlining why tax authorities globally are taking greater enforcement to prevent intercompany transfer pricing being used to reduce the tax burden of the parent company. The underlying arms-length principle of transfer pricing is that the price should be at a fair market price,
Environmental, social and governance (ESG) reporting is rapidly rising on the corporate agenda as investors look beyond traditional financial performance to evaluate the longer-term growth opportunities and risks for companies. According to a PwC report, institutional investors view ESG as critical to understanding the full risk profile of a company and evaluating how prepared it is for the future. And they want standardized, rigorous data to support their investment decisions. In a CFA Institute survey,
SAP IBP (Integrated Business Planning ) is SAP’s flagship planning product for cloud-based supply chain management, providing functionality for procurement, distribution and inventory. SAP IBP consists of several modules that work together to manage data and coordinate supply chain processes. For example, the Sales & Operations Planning (S&OP) module can generate forecasts for demand, supply, product and portfolio changes, strategic projects and related financial impact for the upcoming period. These SAP IBP modules depend on data from various upstream SAP systems and modules.
You understand the benefits that modern SaaS-based workload automation solution can bring to your organization, and you’re ready to move away from your existing technology. Now it’s time to think about migrating to the new solution. This process can seem daunting, especially if you have a vast inventory of processes built on various on-premises legacy solutions over many years. We at Redwood Software can help. You may even be surprised at how less daunting the process can be.
Finance needs to perform many controls and checks as part of its accounting and reporting responsibilities, ensuring the numbers accurately reflect the reality of the business. Crucially, finance needs confidence that the figures recorded in SAP (or any other ERP system) represent what is actually happening in the business. Some examples of accounting controls performed by finance include: End-of-day checks: Have all production orders been closed? Has a manufactured item been moved into stock,
Improper revenue recognition poses significant risks to organizations. Whether it’s due to unintentional error or deliberate accounting fraud, incorrect revenue recognition can lead to financial penalties, regulatory scrutiny and lasting reputational damage. As regulatory frameworks tighten and stakeholder expectations rise, companies must proactively address vulnerabilities in their revenue recognition processes. This is where finance automation can play a pivotal role. The importance of revenue recognition Revenue recognition is one of the most critical aspects of financial reporting,
Global dairy company Arla Foods has automated the reconciliation and settlement of its energy taxes, eliminating administrative work and human error and allowing the organization to complete the process — with greater accuracy — monthly instead of annually. As part of its energy taxes reconciliation process, Arla Foods collects meter readings in Impero from its Danish dairies, along with the utility company invoice data in SAP. These numbers are then compared against the energy taxes that Arla pays upfront to identify instances where the company is entitled to a refund.
Digital investments top the CFO agenda for 2021, according to analyst Gartner’s survey of finance leaders. However, the analyst warns that without plugging the digital skills gap in finance, CFOs will struggle to fully benefit from these digital investments in technologies such as advanced analytics, automation and AI. According to Gartner, there are five key digital competencies applicable to finance work. These competencies are technological literacy, digital translation, digital learning and development,
Global manufacturing services company Jabil achieved four major benefits by automating and digitizing manual tasks across its month-end close and record-to-report (R2R) process. Using Finance Automation by Redwood, Jabil achieved: Time savings Standardization Data quality Reduction in potential audit fees Speaking in a recent webinar with sharedserviceslink, Scott Barone, director of the finance digital PMO at Jabil, explained that the automation project started by surveying finance teams across both the corporate and individual site functions globally,
If you’re still batch processing like you were five — or even two — years ago, it’s time for a change. Batch processing was designed for efficiency and convenience. It’s a method of scheduling groups of jobs (batches) to be processed at the same time — with or without human intervention. Traditionally, batch workloads have been processed during batch windows, which are periods of time when overall CPU usage is low (typically overnight). Why overnight? Batch workloads can require high CPU cycles,
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