Finance Automation by Redwood
Finance Automation by Redwood automates finance work across record-to-report workflows, including SAP data extraction, calculations, validations, journal cre…
What Finance Automation by Redwood is
Finance Automation by Redwood automates finance work across record-to-report workflows, including SAP data extraction, calculations, validations, journal creation and posting, matching, reconciliation, reversals, adjustments, and exception handling. It also covers balance sheets, expense reports, close checklists, and intercompany eliminations. Redwood says the product can automate more than 90% of close tasks. The SaaS platform coordinates processes across ERP systems, data warehouses, business applications, and reporting software, including SAP, Oracle, Microsoft, Workday, and Infor. Supported SAP environments include S/4HANA Cloud and on-premise, SAP ECC, and SAP Business Technology Platform. Dashboards, business process management, and monitoring provide visibility into automated processes, and actions are captured in process-level logs. Redwood lists a full SaaS implementation with guaranteed uptime and 24×7 support. Pricing is on request, and there is no free plan. The listed plan includes unlimited connections and a three-tier development, test, and production environment.
Good
- Automates journal entries, reconciliations, and close tasks.
- Integrates with SAP, Oracle, Microsoft, Workday, and Infor.
- Provides dashboards, monitoring, and process-level logs.
- Includes full SaaS implementation and 24×7 support.
- Supports multiple SAP environments.
Watch out
- Pricing is available on request.
- No free plan is listed.
Who it suits
It suits enterprise finance teams seeking to automate close and other record-to-report processes across multiple systems. Redwood names industries including manufacturing, utilities, retail, healthcare, banking, biotech, and aerospace.
Verdict
Redwood covers a broad set of record-to-report tasks and offers monitoring, logging, and integration across business systems. Buyers should note that pricing is on request and the product has no free plan.
Plans and prices
From Finance Automation by Redwood's own pricing page, checked 1 Oct 2026.
| Plan | Price | What it gives you |
|---|---|---|
| Finance Automation by Redwood | Priced on request | unlimited connections · three-tier development/test/production environment · full SaaS implementation · 24×7 support |
The facts
Each one read from Finance Automation by Redwood's own pages, with the date it was checked.
What it does
- Audit controls
- Finance Automation captures every action automatically with full process-level logging.checked 1 Oct 2026
- Close automation
- Redwood says Finance Automation can automate more than 90% of close tasks.checked 1 Oct 2026
- Execution automation
- The platform automates SAP data extraction, calculations, validations, journal creation and posting, matching and reconciliation, reversals, adjustments and exception handling.checked 1 Oct 2026
- Finance processes
- Record-to-report automation covers journal entries, balance sheets, expense reports, financial close checklists and intercompany eliminations.checked 1 Oct 2026
- Integrations
- The platform orchestrates processes across ERP systems, data warehouses, business applications and reporting software including SAP, Oracle, Microsoft, Workday and Infor.checked 1 Oct 2026
- Monitoring
- The product provides built-in business process management, dashboards and monitoring visibility for automated finance processes.checked 1 Oct 2026
- Purpose
- Finance Automation by Redwood automates SAP transactions, calculations, validations, journal entries and postings across record-to-report workflows.checked 1 Oct 2026
- SaaS delivery
- Redwood describes Finance Automation as a SaaS solution for automating complex finance and accounting processes.checked 1 Oct 2026
- SAP support
- Finance Automation supports SAP S/4HANA Cloud and on-premise, SAP ECC and SAP Business Technology Platform.checked 1 Oct 2026
- Security certifications
- Redwood reports SOC 1 Type II, SOC 2 Type II, ISO/IEC 27001:2022, CSA STAR Level 1, TX-RAMP Level 1 and CSA STAR Level 2 certifications; CSA STAR Level 2 covers Finance Automation.checked 1 Oct 2026
- Support
- Redwood states that its full SaaS implementation delivers guaranteed uptime and 24×7 support.checked 1 Oct 2026
- Target customers
- Redwood says enterprises in industries including manufacturing, utilities, retail, biotech, healthcare, banking and aerospace rely on its automation solutions.checked 1 Oct 2026
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