Automate Record To Report For Faster, More Reliable Processes
Fast, Reliable Accounting Processes
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.
Streamline Your Record To Report Processes
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.
- End Close Checklist: combine reconciliations, journals, intercompany and more into a single automated environment
- Balance Sheet Reconciliation: Eliminate manual preparation and minimize errors with Auto-Certify for smarter reconciliation
- General Ledgers: Integrate with key business systems to fully automate your journal entry processes including provisions, accruals, reserves and more
- Intercompany Accounting: Automatically identify counterparties, calculate differences in any currency and post system-generated account reconciliation entries
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.
Automate Any Financial Close Process
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.
Monitor Progress In Real Time
- View real-time status overviews and visual progress of every business process end-to-end in a single pane of glass
- Empower and inform stakeholders with built-in BPM and clear dashboards for faster decision-making
- Receive predictive SLA notifications before processes miss deadlines, enabling resolution before issues impact performance
Ensure Governance And Security
- Establish comprehensive audit trails with automatic logging of all process and user actions
- Enforce granular data, validation and access policies, including SSO/SAML 2.0+, and logically isolate departments, business units, financial systems and applications
- Manage the complete DevOps lifecycle with version control, cross-environment deployment and integration with key platforms (GitHub)
- Redwood Finance Automation is ISO 27001 certified and third-party pen-tested so you can meet regulatory requirements
Digital Transformation For Financial Reporting
Frequently Asked Questions
What does record to report do?
Record to report processes in
finance and accounting are used to provide information and performance reports for CFOs and leadership teams. Record to report (R2R) processes involve gathering, transforming and displaying accurate and timely information. Automation tools can help streamline and optimize R2R processes by eliminating manual inefficiencies for more accurate management reports. See what you can achieve with Redwood.
How can I improve my R2R process?
R2R processes can be improved by eliminating manual tasks associated with collecting, processing and reporting. Finance automation solutions enable users to automate across ERP and non-ERP platforms for seamless, end-to-end processes that can be fully monitored and reported on. This helps accelerate R2R processes that are more reliable than manual R2R. See what you can achieve with Redwood.
Does Redwood automate record to report processes?
Yes, Redwood Finance Automation provides pre-built actions and integrations into major ERP solutions so finance teams can automate virtually any manual task. This includes record to report (R2R) processes, order to cash, procure to pay, accounts payable and much more. See what you can achieve with Redwood.
See Redwood Finance Automation In Action
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.
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