Redwood’s cloud-based solution combines all close activities, such as reconciliations, general ledger and intercompany, into a single automated environment. It allows the creation of a single repository that connects all the tasks, underlying ERP and business systems and people involved in the process.
Finance stakeholders across the organization can now have immediate visibility of issues, tasks and bottlenecks that need escalation and remediation. Users can collaborate more easily and resources can be deployed more efficiently. This leads to productivity gains, cost savings, reduced cycle times and an accelerated monthly close.
Choose from our catalog of pre-automated financial tasks (Journal Entry, Balance Sheet Certification, Intercompany, Close Checklist Automation and more) and benefit from our deep integration with SAP, Oracle and other ERPs and business applications such as Quickbooks.
81% OF SENIOR FINANCE PROFESSIONALS SAY OPPORTUNITIES FOR PROCESS STANDARDIZATION AND AUTOMATION ARE THE MAIN DRIVER FOR REPLACING THEIR CURRENT SYSTEM
Easily assemble and seamlessly link process elements with approvals and review cycles. Automatically write results to and from your underlying financial systems and easily close and edit entire processes.
With Redwood’s automated checklist orchestration, we were able to achieve our target of a one day close with improved compliance and visibility
A close checklist provides a list of tasks and items to be completed before a transaction can be closed. Checklists can allocate tasks to stakeholders and are often updated to provide visibility to involved parties. Close checklist software enables financial teams to automate many close checklist tasks, eliminating manual steps and preventing common errors. See what you can achieve with Redwood.
Financial close management software enables users to monitor and execute critical tasks without manual intervention. Financial close management software can also provide real-time monitoring, ERP and non-ERP integrations, reusable templates and more. Users can automate journal entry tasks, analyze cash flow, automate intercompany tasks and much more, eliminating time-consuming manual tasks. See what you can achieve with Redwood.
Yes, Redwood Financial Automation enables users to orchestrate, monitor and execute hundreds of tasks autonomously across financial operations. Users can easily automate month-end close processes, year-end closing, financial statements and much more. Deliver reports faster faster and accelerate your end of the month close process without complex pricing requirements. See what you can achieve with Redwood.
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.