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 general ledger/subledger, intercompany financial consolidation, financial close checklist, spreadsheet reconciliation and more.
  • Asset accounting: Perform asset acquisition tasks, enforce compliance, track and capitalize projects and automatically perform account reconciliation and depreciation.

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

Finance automation FAQs

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.