Seamlessly integrate record to report automation with your SAP ERP
Record to Report Automation by Redwood automates up to 90% of financial R2R tasks across SAP finance solutions and other applications.
SAP financial management customers choose Record to Report Automation by Redwood
Automate over 90% of your financial close and create a streamlined touchless process across their entire organization, in your SAP ERP and beyond, with Redwood’s record to report (R2R) automation.
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Trusted SAP partner for 20 years
As SAP’s job scheduling partner for over two decades, Redwood holds the most SAP certifications, ensuring seamless integration.
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Clean core with full stack automation
Automate your mission-critical business processes with pre-built connectors for SAP ERP, SAP S/4HANA Cloud, SAP SAP Business Technology Platform and other SAP finance solutions without customization.
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Continuous monitoring
Oversee all automated processes across SAP ERP and other systems and applications in your tech stack from a single pane of glass and real-time updates.
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Accelerate close cycles
Ensure compliance and governance with minimal manual effort resulting in faster close cycles and enhanced accuracy across all your R2R accounting processes.
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Reduce operational costs
Streamline manual reconciliation with balance-level rules increasing record to report efficiency and accuracy.
Elevate your financial close with Record to Report Automation
Transform your finance processes with Redwood’s finance automation solutions for SAP. Record to Report by Redwood seamlessly integrates with SAP to automate key finance processes like accruals and provisions, reconciliations and journal entry, to name a few. Our solution extends beyond SAP ERP and transforms your financial close into a streamlined, touchless operation.
Our seamless integration with your SAP ERP platform leverages standard application program interfaces (APIs) and native ERP functionality, such as SAP t-codes, allowing the platform to extract, calculate and seek required approvals with real-time automation. By doing so, we automate over 90% of financial processes within SAP and non-SAP environments.
Record to Report (R2R) Automation by Redwooddoes more than automate finance functions, and enables a touchless finance operation. This integration reduces manual efforts, improves the accuracy of results and reporting and leads to quicker financial closes.
Ensures a clean core with SAP S/4HANA integration
Maintaining a clean core means maintaining an up-to-date, documented, unmodified, consistent, efficient and cloud-compliant core ERP. Redwood extends its integration beyond SAP ERP to encompass the broader SAP ecosystem, including SAP S/4HANA and other services. This broad connectivity is crucial for businesses transitioning to or operating in the cloud, ensuring seamless operations across various SAP applications
Record to Report (R2R) Automation by Redwood redefines the R2R process by implementing touchless operations that automate a significant portion of the financial close tasks. Efficiently automating manual tasks across the R2R spectrum, reducing the time and manual effort required for financial reporting and closing. This comprehensive automation coverage, especially in SAP-integrated environments, streamlines processes and enhances the decision-making capabilities of finance teams.
Unleash the power of business data
Improve productivity and minimize IT resources by integrating RunMyJobs with SAP DataSphere. For businesses using SAP DataSphere to connect and transfer large volumes of data across SAP and non-SAP systems, this connector will help schedule, trigger and monitor the end-to-end movement of data. This integration offers seamless execution and real-time monitoring of data movement tasks across any tech stack, ensuring consistent and accurate outcomes in their data flows.
Process standardization is at the cornerstone of efficiency and quality. We knew our back-office processes involving SAP ERP and other key enterprise applications would benefit from true standardization and end-to-end automation. Redwood is a robust, high-performance, secure, stable and scalable platform for end-to-end process automation.
Christophe MacGarry, Global Finance Transformation Director, Forvia
Read the Forvia case study
A trusted SAP partner for 20+ years, Redwood has achieved SAP certifications for finance automation and job scheduling
Finance automation FAQs
What is SAP used for in finance?
SAP is widely used in finance for process automation to streamline time-consuming tasks such as accounts payable and receivable It serves as an intelligent automation platform to enhance forecasting and financial planning and supports machine learning initiatives. Despite its strengths in improving data management, integration, and governance, as well as aiding in procurement and supply chain management, SAP can present challenges in manual workload during the financial close process.
Record to Report by Redwood addresses these limitations within SAP’s framework by automating repetitive tasks such as data entry, journal postings and account reconciliations. This significantly reduces the manual workload associated with the close process and allows finance teams to focus on strategic analysis and decision-making. Extending across all local entities ensures data integrity in financial reporting while accelerating the close timeline.
What is financial automation?
Financial automation leverages software to manage and streamline financial processes such as accounts payable and accounts receivable, general ledger, budgeting and master data maintenance, to name a few. This technology enhances operational efficiency, improves data quality by reducing manual errors, and liberates finance teams to dedicate more time to strategic tasks like analysis and decision-making.
Discover five main revenue recognition risks and how finance automation can help address them.
What are the steps involved in the record-to-report process?
The Record to Report (R2R) process involves capturing, processing, and reporting financial data to provide insights into an organization's financial performance. This typically includes tasks like journal entries, ledger postings, trial balance preparation, financial consolidation, and report generation, all aimed at delivering accurate financial statements and insights for decision-making.
Discover how you can transform R2R by harnessing the power of Redwood’s touchless close.
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