Procure To Pay Software Solution

Reduce labor-intensive tasks to make or receive payments with greater accuracy and speed with Redwood’s cloud-based finance automation.
JOINED-UP
Connect all the right applications – end-to-end – for the best possible way to handle payments.
FASTER
Payments processed at any time – fast. Don’t let your existing systems slow down your business.
FEWER MISTAKES
Manual processes aren’t just slower, they lead to mistakes. Automation cuts out the human errors.
LESS MANUAL EFFORT
Don’t make your people spend all their time in your ERP. Automate so they can add value in other ways.

Frictionless Payments Made Easy

The payment process touches many departments and staff across your organization. It’s complex, highly manual and hard work to keep moving. Redwood’s procure-to-pay suite improves the pay process, allows you to move faster, reduces errors and creates a better employee experience.

FINANCE AUTOMATION THAT WORKS WITH YOUR EXISTING APPLICATION

Beyond ERP systems, countless add-on applications complicate the payment process. That’s why Redwood’s finance automation solution has been built to work with all your existing applications to reduce complexity. We automate the entire end-to-end process with deep functionality because you deserve simpler, consolidated procure to pay.

Redwood works seamlessly with existing applications:

OCR AND INVOICE PROCESSING APPLICATIONS – SUPPLIER STATEMENT RECONCILIATION – SUPPLIER PORTALS – BANK RECONCILIATION – GRIR RECONCILIATION – ADDITIONAL REPORT MANAGEMENT APPLICATIONS – AND MORE.

SIMPLER PAYMENTS

Redwood automates your manual tasks to simplify the purchasing process:

Intelligently manage incoming invoices
Reconcile supplier and bank positions
Prepare payment proposals
Calculate necessary accruals and postings
Provide payable reporting

Faster Procure To Pay With Redwood Finance Automation

Eliminate unnecessary manual effort, improve business processes and free your staff to unleash more value with Redwood’s automated procurement system. Get started with our ready-to-use process activities, or build your own custom automated processes tailored to your specific needs.

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 financial modules and processes.

  • Record To Report: Automate general ledger (journal entries), data entry, expense reports, financial close checklist, approval workflows 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
  • Pay Cycle: Handle invoice approvals and purchase orders, supplier management, bank reconciliation, accounts payable processes 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 provider (SAP, Oracle, Microsoft, Workday, Infor).

  • Business Processes: Orchestrate ERP, supply chain workflows, spend analysis, procurement software, purchase-to-pay and more
  • Managed File Transfers: Securely move, copy and manage files across supplier networks for reliable supplier relationships, inventory management and more
  • Data Sources: Seamlessly manage data from across the enterprise, including CRM, ETL, cloud-native databases and more
  • Hybrid IT: Connect finance and IT processes to ensure success of key workloads, eliminating bottlenecks and delays with real-time resource management

Ensure Compliance And Security

Redwood is an end-to-end process management solution designed for security across the procurement lifecycle. Enforce fine-grained data and access policies, including SSO/SAML 2.0+, and logically isolate different teams, departments or applications.

  • Built-in audit and controls so that every step is fully logged and auditable, without manual intervention
  • Simplify IFRS processes to improve reliability in contract management processes
  • 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

  • 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

A SaaS P2P Solution For Cost Savings And Productivity

Frequently Asked Questions

What is procure-to-pay software?

Procure-to-pay solutions are used to automate and manage procurement processes. This can include e-invoicing, purchase orders/purchase requests, expense management, accounts payable and more. Finance automation software such as Redwood can securely connect to virtually any endpoint so that finance teams can easily gather data from disparate systems using automated processes. See what you can achieve with Redwood.

What does procure-to-pay software do?

Procure-to-pay (P2P software) can automate many of the manual tasks involved in eprocurement, including merging purchasing and accounts payable, invoice processing, bank reconciliation, business spend reports and much more. Finance automation software such as Redwood can securely connect to virtually any endpoint so that finance teams can easily gather data from disparate systems using automated processes. See what you can achieve with Redwood.

Can Redwood be used for procure-to-pay?

Yes, Redwood Finance Automation is a procurement solution that can be used to assemble, monitor and optimize end-to-end P2P processes, including procure-to-pay, record to report, order to cash flow and asset accounting. Redwood is a cloud-native platform that can easily connect to cloud apps and legacy ERP, on-premises or cloud-based. 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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