Redwood Finance Automation
Automate end-to-end finance processes for faster closes, greater accuracy, and strategic insights.
Executive Summary
Redwood Finance Automation is a cloud-native platform designed for enterprise finance teams to achieve end-to-end automation across core financial processes, including record-to-report, order-to-cash, and procure-to-pay. It integrates seamlessly with existing ERP systems and applications, eliminating manual tasks, reducing errors, and accelerating financial close cycles. The platform's industrial-scale automation, AI-driven insights, and robust compliance features empower finance professionals to shift from transactional work to strategic analysis and decision-making.
Use Cases
- Accelerating Record-to-Report (R2R) cycles and financial close processes.
- Automating journal entries, accruals, provisions, and reclassifications.
- Streamlining intercompany transactions and financial consolidation.
- Optimizing Order-to-Cash (O2C) processes, including invoicing and cash collection.
- Automating Procure-to-Pay (P2P) workflows from requisition to payment.
- Managing asset accounting, including acquisition, tracking, and depreciation.
Features
Visibility
- Real-time Dashboards: Provides dynamic, real-time dashboards for monitoring tasks, activities, and identifying bottlenecks across financial processes.
- Predictive SLA Monitoring: Offers pre-configured predictive SLA monitoring to ensure performance of critical processes and proactively detect issues.
- Audit-Ready Reporting: Generates comprehensive, audit-ready reports with full traceability and logging of all automation and user activities.
- End-to-End Process Visibility: Provides status updates and visual progress charts of end-to-end processes in a single view, empowering stakeholders with real-time information.
Intelligence
- AI-Powered Workflow Automation: Embeds AI-powered agents, co-pilots, and assistants to enable autonomous operations and contextual decision-making within financial workflows.
- Lights-Out Processing: Enables processes to run without human intervention from start to completion, allowing finance teams to intervene only when necessary.
- Automated Reconciliation: Automates general ledger/subledger reconciliation, intercompany financial consolidation, and spreadsheet reconciliation, reducing manual effort significantly.
- Self-Service Automation Design: Empowers finance professionals to design and manage processes using an intuitive drag-and-drop interface and pre-built components without IT tickets.
Support
- 24x5 Expert Support: Provides 24x5 support from Redwood's in-house automation experts.
- Redwood University Training: Offers online training and resources through Redwood University to develop and extend user skills and expertise.
- Knowledge Base & Documentation: Access to a comprehensive knowledge base and detailed documentation for self-help and troubleshooting.
Technical Specifications
- Architecture
- Cloud-native SaaS, Composable Automation Platform
- Deployment
- Hybrid
- Authentication
- SSO, SAML 2.0+, Granular Access Control, Role-Based Permissions
- API Available
- Yes
- MCP Server
- No
AI/ML Stack
- Machine Learning
- Predictive Analytics
- AI Agents
- Co-pilots
- Assistants
Integrations
- SAP
- Oracle
- Microsoft Dynamics
- Workday
- NetSuite
Security & Compliance
Certifications: SOC 2 Type II, ISO 27001, CSA STAR Level 1
Encryption: TLS 1.3 in transit (also TLS 1.2+)
Pricing
- Model
- Custom enterprise, Tiered subscription (e.g., per company code)
- Starting Price
- Contact sales
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Annual (implied by enterprise focus)
- Free Trial
- Yes, Custom demo (credit card required)
About Redwood Finance Automation
Redwood Software is a leading provider of cloud-based business process automation solutions, specializing in automating complex and routine tasks across various business functions, including finance, IT, and general operations. Their Finance Automation platform streamlines financial processes such as record-to-report, procure-to-pay, and order-to-cash, enhancing efficiency and accuracy for organizations of all sizes.