Automated financial reporting to improve productivity
Fully automate and optimize over 80% of manual processes related to reconciliation, consolidation and other finance processes.
Digital transformation for finance operations
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Automate your finance department
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Orchestrate across silos
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No-code automation for finance functions
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Support and services
Automate your finance department
Enforce regulatory standards and maintain audit trails across the finance organization. Gain centralized control and monitoring for all data management and financial services.
- 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
Orchestrate across ERP ecosystems, data warehouses, business applications and other reporting software. Automate end-to-end close processes across the enterprise regardless of technology or provider (SAP, Oracle, Microsoft, Workday, Infor).
- Business processes: Orchestrate ERP, financial data, real-time dashboards, CRM, business intelligence, accounting software and more
- Managed file transfers: Enable finance teams to securely move, copy and manage financial information between internal and external business partners
- Data sources: Coordinate resources and data sets in hybrid environments, automate virtualization and run common ETL tasks
- Hybrid IT: Coordinate finance and IT processes to ensure timely completion of key workloads, eliminating bottlenecks and workflow delays
No-code automation for finance functions
Redwood makes it easy for finance professionals to automate and manage processes without opening IT tickets. Customize reusable templates or optimize month-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 reporting 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 on-demand training that matches your role and level of experience
Impress your CFO with faster financial management reporting
FAQs
What does finance transformation do?
Finance transformation refers to initiatives that bring finance into better alignment with other business functions, creating new efficiencies and services through the use of automation and other digital technologies. This can include shortening the close cycle while improving reliability and accuracy in reporting, as well as updating the finance operating model. Modern finance automation solutions such as Redwood enable finance leaders to automate end-to-end accounting processes. See what you can achieve with Redwood.
Why do we need finance transformation?
Organizations need finance transformation in order to keep pace with financial reporting requirements, simplify complex processes and eliminate time-consuming tasks. Finance transformation initiatives can be achieved with automation solutions such as Redwood which reduces the need for human intervention, preventing errors and increasing the reliability of critical processes. See what you can achieve with Redwood.
Does Redwood enable finance transformation?
Yes, Redwood Finance Automation is a SaaS solution that organizations 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. Automate financial reporting, eliminate spreadsheets and gain control over close checklists. See what you can achieve with Redwood.
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