Whitepaper

Why Manual Journal Entry Is Inefficient and Error-Prone

An explanation of the ways finance automation can improve visibility, accuracy and reduce manual effort in journal entry

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Ditch the Manual

Eliminate the burden of this manual and high-volume process to accelerate the close. With Redwood, you can automate up to 100% of closing journals related to provisions, accruals and reserves. Free your finance team to focus more on analysis and forward-looking activities.

Read the Report and See How Journal Entry Automation Helps You:

1. Save valuable time by minimizing manual intervention.

2. Benchmark your journal entry process, identify bottlenecks and inefficiencies.

3. Prevent errors and eliminate frau

Fully Automate Journal Postings

Use our extensive process libraries and leverage deeply embedded access to underlying ERP and non-ERP systems.

Eliminate Error-Prone Journal Entry

Reduce journal errors with pre-configured journal templates and pre-validation of ERP posting codes and journal integrity.

Gain a Permanent Audit Trail

Automate retention of journal vouchers, supporting documentation and approvals, eliminating need for paper based and manual archiving processes.

Related Resources

Long Form

Master the touchless close

Discover how to remove manual work from your close and achieve an end-to-end, touchless record-to-report process.
Customer Story

Arla Case Study

Learn how Arla Foods streamlined its financial close with Finance Automation by Redwood, cut cycle time by 30% and automated key A2R processes, including reconciliations, salary accruals and energy tax refunds, even as complexity and volume increased.
Solutions Sheet

The automation void

Most compliance tools track the close, but they don’t execute it. Use this playbook to identify where manual journal entries still exist in your financial close.
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Assess your manual journal exposure

Assess how manual journal execution impacts your close and uncover where risk, rework and dependency are increasing pressure.

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