Close books faster without stress or manual effort. Make your month-end close a non-event with cloud-based R2R automation.
Many of our reconciliation processes were transformed, from tasks that took several hours to automated activities that now take just minutes. This is a significant saving for our company.
Meet reporting deadlines and improve forecasting with accurate, timely financial information. Our automated record to report (R2R) process orchestrates all activities across the entire R2R life cycle, so you can manage and perform with confidence.
Reduce unnecessary manual work across R2R and allow your staff to focus on strategic analysis and financial planning.
Kick start your automation by choosing from a catalog of automated closing tasks. Or easily create your own.
Don’t try to eat the elephant. Start with one process and expand at your own pace: Journal Entry, Balance Sheet, Intercompany or Close Checklist.
Maximize the investment in both your ERP and other non-ERP business applications. Orchestrate across your processes to reduce the manual burden.
Easily assemble end-to-end processes with Redwood’s drag-and-drop workflow designer. Incorporate disparate tools including robotic process automation (RPA), intelligent automation, ERP and non-ERP applications through a catalog of pre-built closing cycle tasks — or build your own reusable actions.
Our product seamlessly operates within the SAP environment, offering real-time data handling capabilities. It is engineered to effortlessly extract and process data, facilitating automatic calculations and streamlining approval processes. Leveraging easy-to-configure components, it integrates with your finance system using standard ERP functionality. This ensures direct posting of accounting and other records in SAP, eliminating redundancy and enhancing data integrity. Our approach guarantees efficient workflow and compliance, fully utilizing the SAP framework.
Flexible deployment, available both on-premises and in the cloud, to meet your specific needs.
Automation significantly accelerates tasks to deliver a touchless close, reduce manual errors and free up time for strategic analysis.
Yes, record to report automation efficiently manages and creates intercompany transactions directly in the underlying ERP, ensuring the transactions are automatically eliminated on reconciliation, thereby increasing accuracy and compliance.
By following strict security rules to ensure compliance by respecting SAP's security model when automating processes.
Yes, the solution goes beyond ERP systems, handling many tasks usually done manually outside ERP.
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.