Financial Audit Software to Improve Efficiency

Fully automate and optimize over 80% of manual processes related to reconciliation, reporting and other internal audit tasks.

Eliminate Time-Consuming Data Entry, Spreadsheets And More

AUTOMATE YOUR FINANCE DEPARTMENT
ORCHESTRATE ACROSS SILOS
AUTOMATION FOR ACCOUNTING PROFESSIONALS
SUPPORT AND SERVICES

Automate Your Finance Department

Orchestrate across ERP systems, data warehouses, business applications and other automation tools like RPA. Gain centralized control and monitoring across all audit processes.

  • Record To Report: Automate journal entries, data entry, expense reports, financial close checklist, accounts reconciliation and more
  • Order To Cash Flow: Process email, web, phone or fax orders, cash allocation, and accounts receivable for accurate working papers and financial statements
  • Procure To Pay: Handle invoices and purchase orders, reconcile supplier and bank accounts, manage accounts payable and more
  • Asset Accounting: Automate asset acquisition, reconciliation and depreciation and more for accurate, reliable decision making

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 vendor (SAP, Oracle, Microsoft, Workday, Infor).

  • Business Processes: Orchestrate ERP, financial data workflows, real-time dashboards, CRM, business intelligence and more
  • Managed File Transfers: Securely move, copy and manage files internally or with external partners such as accounting firms or CPA firms
  • Data Warehousing: Coordinate resource management applications in hybrid environments, automate virtualization and run common ETL testing and database tasks
  • Hybrid IT: Coordinate finance and IT processes to ensure timely completion of key workloads, eliminating bottlenecks and workflow delays

Redwood automation transformed many of our reconciliation processes and tasks. It now takes much less time to complete the process and tasks. In just one of our entities, reconciliations went from four hours to half an hour. On a monthly basis across multiple business entities, this translates to significant savings.

Brian Thomsen, Finance Director, Arla

Automation For Accounting Professionals

Redwood makes it easy for finance professionals to automate and manage processes without opening IT tickets. Quickly assemble or optimize end-to-end processes with an intuitive drag-and-drop interface.

  • Run processes in response to real-time events, files, data or messages for time-critical applications
  • Add customizable preconditions and branching paths based on status to build exception-handling into your processes
  • Schedule across multiple time zones and daylight savings rules, create patterns from any dates or time windows or use perpetual calendars that don’t require updating
  • Guarantee performance of business processes with predictive SLA monitoring, alerts and notifications through SMS, email, apps and more

Support And Services

  • 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

Automate And Simplify With Cloud-Native Audit Technology

Frequently Asked Questions

What is financial audit software?

Financial audit solutions are used by accounting and procurement teams to review and analyze financial transactions. Financial auditing tools helps organizations meet compliance and regulatory requirements and to reduce fraud by identifying suspicious or unauthorized transactions. Finance audit software solutions such as Redwood enable users to automate journal entries, intercompany transactions, balance sheet reconciliation and much more. See what you can achieve with Redwood.

How do I automate financial auditing?

You can automate financial auditing with accounting software such as Redwood Finance Automation. Redwood eliminates manual errors, omissions of data and standalone spreadsheets. Users can connect any tool or application across accounting and finance to easily manage end-to-end processes that automate and accelerate financial reporting and close cycles. See what you can achieve with Redwood.

Can I use Redwood for financial auditing?

Yes, Redwood Finance Automation is a cloud-native platform that audit teams can use to automate complex, time-consuming finance and accounting processes. Users can manage, monitor and audit every status and approval across ERPs, business applications and even Excel with ready-to-use connectors and templated processes. 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.