Financial Close Management Software To Improve Productivity

Fully automate and optimize over 80% of manual tasks related to reconciliation, consolidation and other financial close processes.

Accelerate Your Month-End Close Cycle

AUTOMATE YOUR FINANCE DEPARTMENT
ORCHESTRATE CLOSE TASKS ACROSS SILOS
NO-CODE AUTOMATION FOR ACCOUNTING TEAMS
SUPPORT AND SERVICES

Automate Your Finance Department

Ensure regulatory requirements and maintain audit trails across finance. Gain centralized control and monitoring and manage dependencies across all financial processes.

  • Record To Report: Automate journal entries, balance sheets, general ledger, close checklist, intercompany eliminations, financial consolidation and more
  • Order To Cash Flow: Process email, web, phone or fax orders, cash allocation, and accounts receivable for accurate financial statements and forecasting
  • Procure To Pay: Handle invoices and purchase orders, reconcile supplier and bank accounts, manage accounts payable and more
  • Asset Accounting: Automate asset acquisition, account reconciliation and depreciation and more for accurate internal reporting

Orchestrate Close Tasks Across Silos

Orchestrate across ERP systems, data warehouses, business applications and other reporting software. Automate end-to-end close processes across the enterprise regardless of technology or provider (SAP, Oracle, Microsoft, Workday, Infor).

  • Business Processes: Orchestrate ERP, financial data, real-time dashboards, CRM, business intelligence, accounting software and more
  • Managed File Transfers: Enable finance teams to securely move, copy and manage financial information internally or for external reporting
  • Data Sources: Coordinate resources and data sets in hybrid environments, automate virtualization and run common ETL tasks
  • Hybrid IT: Coordinate finance and IT processes to ensure timely completion of key workloads, eliminating bottlenecks and workflow delays

People across the business are extremely positive on Redwood. We’ve achieved efficiencies, greater flexibility, and more meaningful work for our people in our shared services center, we’re very proud of these achievements.

Brian Thomsen, Finance Director, Arla

No-Code Automation For Accounting Teams

Redwood makes it easy for finance professionals to automate and manage processes without opening IT tickets. Customize reusable templates or optimize month-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 reporting 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 on-demand training that matches your role and level of experience

Transform FP&A With Extensible Finance Automation

Frequently Asked Questions

What is financial close management software?

Financial close management software enables users to automate key processes across finance. Finance teams can orchestrate and monitor period-end tasks, automate ERP and non-ERP processes, eliminate inefficient spreadsheets and much more. Financial automation software such as Redwood make it easy to automate financial close checklists so CFOs and key stakeholders always have accurate, reliable information. See what you can achieve with Redwood.

How do I automate financial close management?

Financial close can be automated with specialized software or custom scripts. However, scripts can be unreliable, which is why most organizations use financial automation software such as Redwood. With Redwood, finance leaders can automate thousands of processes across finance, integrating ERP and non-ERP applications and managing financial data from across the enterprise. See what you can achieve with Redwood.

Does Redwood offer financial close software?

Yes, Redwood Finance Automation is a SaaS solution that organizations 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. Automate financial reporting, eliminate spreadsheets and gain control over close checklists. 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.