Simplify finance with OneStream software alternatives

Fully automate and optimize over 80% of manual tasks related to reconciliation, consolidation and other financial close processes.

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Automate more with advanced functionality

  • Automate your finance department

  • Orchestrate close tasks across silos

  • No-code SaaS automation for accounting

  • Support and services

Automate your finance department

Ensure regulatory requirements and maintain audit trails across finance. Gain centralized control to monitor and manage dependencies across all financial processes and software products (ex., QuickBooks, Excel, budgeting tools).

  • 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 close tasks across silos

Orchestrate ERP systems, data warehouses, business applications and more with out-of-the-box integrations and REST API connectors. Automate month-end close processes regardless of technology or provider (SAP, Oracle, Microsoft, Workday, Infor).

  • Business Processes: Orchestrate ERP, financial reporting, real-time dashboards, CRM, corporate performance management (CPM) and more
  • Managed file transfers: Enable finance teams to securely move, copy and manage financial information internally or for external reporting
  • Data integration: Coordinate resources and data in hybrid environments, automate virtualization and run common ETL tasks for improved financial data quality
  • Hybrid IT: Coordinate finance and IT processes to ensure timely completion of key workloads, eliminating bottlenecks and workflow delays

We’re saving five hours per company code during the close process and that’s a big saving, especially given where balance sheet certification sits in the close process and that it has to be done by a certain business day.

Scott Barone, Director of the finance digital PMO, Jabil

No-code SaaS automation for accounting

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 to cloud accounting
  • 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

Optimize business planning with adaptive, cloud-native automation

Frequently asked questions

What are OneStream Software alternatives?

There are many OneStream competitors and alternatives for finance automation. For example, Redwood Finance Automation is a cloud-native platform that automates and orchestrates key processes across IT, business and finance. This includes period-end tasks, ERP and non-ERP processes and the resources those processes rely on. The best alternatives to FloQast make it easy to connect new endpoints as your enterprise requirements evolve. See what you can achieve with Redwood.

Are there OneStream alternatives I can use?

Yes, there are several popular alternatives to OneStream including cloud-native solutions like Redwood Finance Automation. Redwood makes it easy to connect to ERPs and non-ERP applications, on-premises and cloud-based, with full capabilities to manage and monitor any finance or accounting process without human intervention. Redwood also connects to virtually any business or IT system so that finance users can orchestrate highly reliable end-to-end processes that are easy to optimize and iterate. See what you can achieve with Redwood.

Is it easy to migrate to a OneStream alternative?

Yes, Redwood makes it easy to migrate from legacy software solutions including OneStream XF, Prophix Software and other financial management software. Redwood works with partners to ensure quick, reliable implementations and also provides hands-off upgrades, performance health checks, consultations and more, so your team can maximize ROI sooner rather than later. See what you can achieve with Redwood. See what you can achieve with Redwood.