Financial consolidation software to improve productivity
Fully automate and optimize over 80% of tasks related to reconciliation, reporting and other financial consolidation processes.
Eliminate time-consuming data entry, spreadsheets and more
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Automate your financial management
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Orchestrate across silos
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No-code automation for accounting
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Support and services
Automate your financial management
Enforce consistency and maintain audit trails across any financial process to ensure compliance with GAAP and IFRS. Gain centralized control and monitoring with functionality across all financial processes.
- 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 systems, data warehouses, business applications and other automation tools like RPA. Automate end-to-end processes across the enterprise regardless of technology or vendor (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 files internally or with any external partner
- Data warehousing: Coordinate resource management applications 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 accounting
Redwood makes it easy for finance professionals to automate and manage processes without opening IT tickets. Quickly assemble 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
Improve business performance with cloud-native software solutions
FAQs
What is consolidation software?
Financial consolidation software is used by accounting and finance professionals to automate financial close processes. Financial consolidation software is typically used alongside ERP systems and other business applications that hold key data. Consolidation software collects and manages data from different departments or subsidiaries within an organization. Financial automation software such as Redwood enables users to automate much of the financial close process. See what you can achieve with Redwood.
What should I look for in consolidation software?
Consolidation software should provide reliable, easy-to-configure integrations with your ERP ecosystem and other business applications. Additionally, look for tools that can automate a high percentage of your manual processes while providing monitoring and alerting for any issues that might arise. Financial automation software such as Redwood can connect any tool across the enterprise so users can easily manage end-to-end processes that accelerate financial reporting and close cycles. See what you can achieve with Redwood.
Can I use Redwood software for financial consolidation?
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 general ledgers, eliminate spreadsheets and gain control over close checklists. See what you can achieve with Redwood.
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