Finance Automation Software

Eliminate manual processes and orchestrate your finance and accounting processes with Redwood’s cloud-based finance automation.

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Automation Across Finance

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.

Switch Focus From Manual Production To Analysis And Insight

Finance teams spend too much time on control and production at the expense of analysis.

Redwood’s cloud-based finance process automation inverts that. Automation takes care of the manual control and production aspects and frees your finance team to devote more time to analysis – and provide the essential insights that help improve decision making and how your business performs.

Redwood Software is worth a good look for any serious finance and administration operation looking to automate tasks.

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1. Define

Redwood helps you intelligently design the automation of your financial processes. Our catalog of ready-made financial tasks allows your finance teams to get started quickly and easily, linking together dependent tasks without the need for any specialized IT training. Redwood’s automation understands your finance systems as well as your wider systems and applications, using the table structures in your ERP, your data, and metadata to quickly mimic your processes.

2. Orchestrate

Link together and easily assemble thousands of processes using our orchestration engine. We help stitch your processes together, seamlessly linking process elements with human approvals and review cycles where required. Automatically write results to and from your underlying financial systems and easily clone and edit entire processes.

3. Execute

Kickstart your processes without the need for human intervention and allow them to continue until complete with our “lights out processing” – providing you with the ultimate level of automation. Your finance teams are always in control and can intervene wherever necessary. Dashboards also keep track of tasks, activities and bottlenecks so you can identify further process improvements on each successive run.

Application-Based Automation
Get greater reliability and control with fully supported and maintained connections to your core applications and systems.
Ready-To-Use Components
Process development is quicker and easier than ever before with our ever-growing catalog of pre-automated tasks.
Comprehensive Orchestration
Easily manage and coordinate complex processes and automate their interdependencies without manual intervention.
Process Expertise
Let our experts help you assess and select processes to develop and support your automation improvements.
Scale To Changing Needs
Scale your automated processes easily and rapidly but still contain the costs traditionally associated with this.
ERP And Non-ERP Friendly
Our catalog of pre-automated tasks works with any ERP system and many other business applications.
Control At Key Points
Empower and inform business users with built-in BPM and clear dashboards.
Built-In Audit And Controls
Every step is fully logged and auditable at a process level, without manual intervention.

Automate Your Finance Operations

Orchestrate across ERPs, data warehouses, business applications and other automation tools like RPA. Centralize your automation to gain end-to-end control over any finance or account reconciliation process.

  • Record To Report: Automate general ledger/subledger, intercompany consolidation, financial close checklist, spreadsheet reconciliation and more
  • Order To Cash Flow: Process email, web, phone or fax orders, automate cash allocation, and accounts receivable for accurate financial statements and forecasting
  • Procure To Pay: Handle purchase orders, invoice processing, bank reconciliation, accounts payable and more
  • Asset Accounting: Perform asset acquisition tasks, enforce compliance, track and capitalize projects and automatically perform account reconciliation and depreciation

Orchestrate Across Silos

Redwood Finance Automation works with your existing applications to simplify financial reporting. Automate end-to-end processes across the enterprise regardless of technology or provider (SAP, Oracle and more).

  • Business Processes: Orchestrate ERP systems, supply chain workflows, data entry, procurement software, Purchase to Pay and more
  • Managed File Transfers: Securely move, copy and manage files such as bank statements across unsecured networks and external endpoints
  • Data Sources: Manage data across the enterprise, including CRM, ETL, cloud-native databases, artificial intelligence/machine learning and more
  • Hybrid IT: Connect finance and IT processes to ensure success of workloads, eliminate bottlenecks and delays with real-time resource management

Ensure Compliance And Security

Redwood is an intelligent automation solution designed to enforce your internal controls. Enforce fine-grained data standards and access policies, including SSO/SAML 2.0+, and logically isolate different teams, departments or applications.

  • Built-in audit trails and controls so that every step is fully logged and auditable, without manual intervention
  • Simplify IFRS processes to easily meet internal or external regulator requirements
  • Connect to systems securely with TLS 1.2+ encryption that originates from your enterprise network to the cloud without exposing ports
  • Trust Redwood’s ISO 27001 certified and third-party pen-tested platform

Support And Services For Any Business Need

  • 24×5 Support: Redwood’s in-house automation experts provide 24×5 support for all issues as well as 24×7 SEV-1 support and are ready to assist and resolve issues quickly
  • Migration And Onboarding: Our team members ensure a smooth, safe and fast transition using a proven methodology that streamlines migration
  • Consulting And Services: We can help implement best practices, perform health checks and advise on how to boost your ROI
  • Redwood University: Develop and extend your skills and expertise with online training that matches your role and level of experience

Restore Control To The Finance Function

Redwood helps you take back control with comprehensive finance automation that removes unnecessary manual work. We also use the native capabilities of the most popular ERP and financial management solutions so you can manage and perform tasks automatically.

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Digital Transformation For Finance

Frequently Asked Questions

Can finance be automated?

Yes, finance and accounting processes can be automated using custom scripts, standalone software or a finance automation platform such as Redwood. Finance automation technology enables organizations to eliminate manual tasks, improve efficiency and optimize processes such as financial close, journal entry, bookkeeping and more. Redwood easily integrates with ERP, CRM, legacy data centers and cloud-native applications so you can easily gather and manage financial data without manual intervention. See what you can achieve with Redwood.

How do you automate a finance department?

Finance departments are automated with software such as custom scripts or standalone solutions. As an alternative, many organizations use finance automation platforms that provide centralized control and visibility over every automated finance process. This level of centralized control makes it easy to optimize and streamline processes, in many cases drastically reducing runtimes and improving productivity so finance professionals can focus on other critical projects. See what you can achieve with Redwood.

Is Redwood used for finance automation?

Yes, Redwood Finance Automation is used to automate and manage processes across business, finance and accounting functions. Non-IT employees can easily assemble and optimize automated processes that manage data and dependencies between disparate systems and business applications. Redwood provides complete visibility into tasks, with full audit trails and reporting to help meet compliance requirements. See what you can achieve with Redwood.

See Redwood Finance Automation In Action

Redwood Finance Automation delivers robust and dependable journal processing with automated controls that eliminate human errors and work faultlessly every time. Our automated journal processing helps companies overcome the challenges of disparate systems, missing or incomplete supporting documentation and unreliable approval processes. Eliminate time-consuming manual efforts, increase confidence and gain control over your financial processes.

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