Elevate your financial close with Record to Report Automation by Redwood
Transform your record to report (R2R) process into a touchless operation, streamlining over 90% of your financial close tasks.
Transform your financial close
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Touchless close
With intelligent automation unavailable on other platforms, our solution automates up to 90% of your financial close tasks, including traditionally overlooked areas. Ensure that every facet of the R2R process is optimized for efficiency and accuracy, setting a new industry standard. -
Deep SAP integration
Seamlessly integrating with SAP, facilitate real-time data processing and automated approvals within your SAP environment and across your financial close process. Ensure efficient, compliant data management and record-keeping in your finance system, removing any need for duplicate entries. -
Comprehensive coverage
Record-to-Report Automation by Redwood stands out for its comprehensive coverage, automating R2R tasks both inside and outside your ERP. This ensures that no aspect of the financial close is left to manual processes, providing your accounting team the most extensive automation in the industry. -
Flexible deployment
Adaptable to your business, Redwood offers flexible deployment options. Whether requiring an on-premises solution or preferring a cloud-based approach, get an efficient and scalable automation solution for your financial close tasks.
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Trusted by leading companies
Our satisfied customers include major global corporations, showcasing the trust and reliability of record to report automation by Redwood.
Record to Report FAQs
How does record to report automation enhance decision-making capabilities?
Our solution transforms financial data into actionable insights, enabling faster and more informed decision-making. By automating end-to-end accounting processes, we ensure that financial information is accurate, timely, and readily available to stakeholders.
Can record to report automation reduce time-consuming tasks in the financial close cycle?
Yes, our automation technology significantly reduces cycle time and eliminates time-consuming tasks by streamlining period-end processes. This minimizes human error and accelerates the delivery of financial statements.
How does record to report automation utilize excel and other common tools?
Our solution eliminates the need for Excel and other automation tools which are error-prone and highly manual.
What role does robotic process automation (RPA) play in record to report automation, if any
Robotic Process Automation (RPA) is an automation solution better suited for front office business processes but is not designed to manage the complexity to record to report in enterprises.
How does record to report automation support intercompany accounting and account reconciliation?
Our solution streamlines intercompany accounting and simplifies account reconciliation by automating the matching and validation processes. This reduces manual interventions and ensures that intercompany transactions are accurately reflected in the general ledger.
How does record to report automation support intercompany accounting and account reconciliation?
Our solution streamlines intercompany accounting and simplifies account reconciliation by automating the matching and validation processes. This reduces manual interventions and ensures that intercompany transactions are accurately reflected in the general ledger.
How does the solution adapt to complex business processes within the financial department?
Record to report automation is designed to adapt to your unique business processes, offering customizable workflows that integrate seamlessly with your existing financial systems. Whether it's general ledger management
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