Finance Automation by Redwood eliminates manual processes across the record-to-report (R2R) workflow by automating SAP transactions, calculations, validations, journal entries and postings. It orchestrates each step automatically as prerequisites are met and advances the month-end close without your accounting team needing to intervene, which helps teams optimize resources across the financial close process.
Choose a platform that empowers your finance function to scale, improve data integrity and retain control, no matter how complex your accounting processes.
Of Fortune 50 organizations rely on Finance Automation to orchestrate their financial transactions and close cycles, while enhancing visibility across journal entries, account reconciliations, intercompany processes and ERP closing tasks.
Worldwide customers trust Finance Automation to orchestrate high-volume, time-sensitive month-end close processes, which frees up the capacity for improved analysis, compliance and strategic planning.
Finance Automation’s customer retention reflects the platform’s proven impact on financial performance, reporting accuracy, operational efficiency and long-term customer success across global finance teams.
Finance and accounting teams have invested in R2R tools for years. You’ve layered checklists, templates and task trackers on top of your ERP systems. Yet every month:
The problem isn’t how many tools your team has. It’s that those tools still depend on data entry and manual processes.
Traditional R2R tools digitize tasks. They make the close more visible. But they still depend on people to execute every step, including extracting data, running calculations, posting journals, chasing approvals and managing dependencies.
Visibility is not automation. Checklists are not orchestration.
Automate what other tools overlook, from journal creation to SAP validation, and orchestrate your month-end close with built-in intelligence.
Free your accounting and finance teams from time-consuming work and repetitive tasks with execution automation that runs directly inside your ERP. Finance Automation completes the manual processes that slow down the close cycle, such as:
Drive real-time progression across your R2R process without manual intervention. Finance Automation sequences tasks, manages dependencies and coordinates activities across entities and subsidiaries to keep your financial close on track using:
R2R tools that automate tasks without orchestrating the flow — or orchestrate without automating the work — still leave finance and accounting teams managing manual tasks.
This is why Finance Automation customers achieve 90%+ process automation while others plateau at 30–40%. With Finance Automation, your team finally has a scalable system that automates and orchestrates end to end.
Compare how traditional tools handle the record-to-report process and why only Finance Automation is the only platform that automates execution and orchestration at scale.
Establish the core infrastructure your finance function needs to automate execution and control the month-end close from within SAP.
Execute SAP transactions, validations and journal postings directly within ECC, S/4HANA and BTP without relying on RPA, custom scripts or brittle workarounds.
Standardize calculations, tolerances and validations using configurable business logic that applies consistently across your general ledger, subledgers, balance sheet and income statements.
Integrate SAP, ERPs, databases and data lakes instantly using out-of-the-box connectors that eliminate the need for custom development and strengthen enterprise data management.
Generate comprehensive audit trails automatically, with every manual and automated action logged, to enhance transparency and compliance with financial information and reconciled bank statements.
Advance close activities in real time by triggering tasks based on data integrity, prerequisite completion and defined dependencies.
Coordinate thousands of interdependent SAP and accounting processes across all your entities with built-in sequencing, escalation and exception handling.
Redwood Software was positioned furthest in Completeness of Vision and highest for Ability to Execute.
A Gartner Magic Quadrant™ is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors. In our view, Service Orchestration and Automation Platforms (SOAPs) are built for execution and orchestration at scale.
Traditional record-to-report (R2R) tools typically focus on managing tasks. They track work. We believe they are not designed to execute transactions or orchestrate dependencies across systems, which is why they aren’t positioned in the SOAP category.
We believe Redwood was recognized for capabilities such as:
Finance Automation by Redwood is built on an execution-first architecture and made to orchestrate complexity. We believe that’s why teams using Finance Automation achieve outcomes that workflow-based tools can’t deliver.
Experience how Finance Automation powers every R2R use case by combining execution and orchestration, so your close runs without manual effort.
Create, validate and post journal entries, including accruals, reclassifications and provisions, directly in SAP to eliminate manual tasks and improve accuracy in your financial statements.
Resolve exceptions faster with real-time matching logic, automated certifications and integrated audit trails to give your CFO and stakeholders accurate financial information and relevant metrics for any informed decision.
Orchestrate tasks, dependencies and SAP activities across entities with sequencing and real-time visibility into the entire close process that’s driven by accessible real-time data.
Calculate, generate and post accruals and provisions automatically by supporting variance analysis, improving alignment with the balance sheet and enhancing visibility into projected cash flow.
Streamline intercompany accounting by reconciling transactions, resolving discrepancies and posting to counterparty books without delays or manual follow-ups that stall your financial close.
Explore how Finance Automation orchestrates the entire record-to-report automation process from data collection and journal creation to accurate financial reporting to empower long-term strategic planning.