Seamlessly integrate record to report automation with your SAP ERP
Finance Automation by Redwood automates up to 90% of financial R2R tasks across SAP finance solutions and other applications.
See why SAP customers choose Finance Automation by Redwood
Automate over 90% of your financial close and create a streamlined touchless process across your entire organization.
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Trusted SAP partner for 20 years
As SAP’s automation partner for over two decades, Redwood holds the most SAP certifications, ensuring seamless integration.
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Clean core with full stack automation
Automate your mission-critical business processes with pre-built connectors for SAP ERP, SAP S/4HANA Cloud, SAP SAP Business Technology Platform and other SAP finance solutions without customization.
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Continuous monitoring
Gain complete visibility into all automated processes across SAP ERP and your entire tech stack. Monitor and manage everything in real-time from a single pane of glass, ensuring seamless oversight and control.
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Accelerate close cycles
Ensure compliance and governance with minimal manual effort resulting in faster close cycles and enhanced accuracy across all your R2R accounting processes.
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Reduce operational costs
Streamline manual reconciliation with balance-level rules increasing record to report efficiency and accuracy.
Transform your financial close into a touchless operation
Transform your finance processes with Redwood’s finance automation solutions for SAP. Finance Automation by Redwood seamlessly integrates with SAP to automate key finance processes like accruals and provisions, reconciliations and journal entry, and much more. Our solution extends beyond SAP ERP and transforms your financial close into a streamlined, touchless operation.
Our seamless integration with your SAP ERP platform leverages standard application program interfaces (APIs) and native ERP functionality, such as SAP t-codes, allowing the platform to extract, calculate and seek required approvals with real-time automation. By doing so, we automate over 90% of financial processes within SAP and non-SAP environments, leading to a faster and more accurate financial close.
Ensures a clean core with SAP S/4HANA integration
Maintaining a clean core means having an ERP system that follows standardized guidelines for all core elements and benefits from the latest release with minimal modifications and cloud-compliant extensions and customizations. Redwood extends its integration beyond SAP ERP to encompass the broader SAP ecosystem, including SAP S/4HANA and other services. This broad connectivity is crucial for businesses transitioning to or operating in the cloud, ensuring seamless operations across various SAP applications.
Achieve a seamless financial close
Finance Automation by Redwood redefines the R2R process by implementing touchless operations that automate a significant portion of the financial close tasks. Efficiently automating manual tasks across the R2R spectrum, reducing the time and manual effort required for financial reporting and closing. This comprehensive automation coverage, especially in SAP-integrated environments, streamlines processes and enhances the decision-making capabilities of finance teams.
Do more with Finance Automation
Accelerate close cycles and boost efficiency with automation, including accruals, provisions, IFRS reconciliations and more. Streamline your financial close integrating with SAP ERP to help ensure compliance and governance with minimal manual effort.
With balance-level rules and automated line-item exception reviews, you can reduce operational costs and eliminate up to 70 percent of manual reconciliation, saving hundreds of hours.
Free up your team by streamlining intercompany processes with automation, including auto-reconciling transactions and applying rules for unmatched items to ensure accuracy and efficiency.
A trusted SAP partner for 20+ years, Redwood has achieved SAP certifications for finance automation and job scheduling
Finance automation FAQs
What is SAP used for in finance?
SAP is widely used in finance for process automation to streamline time-consuming tasks such as general ledger, fixed assets and legal, accounts payable and receivable and managerial consolidation. It is an intelligent automation platform that enhances forecasting, financial planning and reporting. Despite its strengths in improving data management, integration, and governance, as well as aiding in procurement and supply chain management, SAP can present challenges in manual workload during the financial close process.
Record to Report by Redwood addresses these limitations within SAP’s framework by automating repetitive tasks such as data entry, journal postings, provisions and account reconciliations. This significantly reduces the manual workload associated with the close process and allows finance teams to focus on strategic analysis and decision-making. Extending across all local entities ensures data integrity in intercompany transactions and financial reporting while accelerating the close timeline.
What is financial automation?
Financial automation leverages software to manage and streamline financial processes such as accounts payable and accounts receivable, general ledger, fixed assets, budgeting and master data maintenance, to name a few. This technology enhances operational efficiency, improves data quality by reducing manual errors, and liberates finance teams to dedicate more time to strategic tasks like analysis and decision-making.
Discover five main revenue recognition risks and how finance automation can help address them.
What are the steps involved in the record-to-report process?
The Record to Report (R2R) process involves capturing, processing, and reporting financial data to provide insights into an organization's financial performance. This typically includes tasks like journal entries, ledger postings, trial balance preparation, financial consolidation, and report generation, all aimed at delivering accurate financial statements and insights for decision-making.
Discover how you can transform R2R by harnessing the power of Redwood’s touchless close.
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