Your record-to-report (R2R) tools manage the close. Finance Automation by Redwood runs it. Execution happens automatically — from SAP transactions and calculations to postings and dependencies — so your finance team can focus on reviewing outcomes, not producing them.
What global enterprises achieve with Finance Automation
These results come from automating execution — not just managing workflows.
Siemens
Manual close tasks reduced from ~1,000 to 30
97% of manual tasks eliminated through execution automation
Energy Transfer
45,000 hours saved annually
Bank reconciliations reduced from 1 hour to 7 minutes (a time savings of 88%)
Forvia
32,000 journals/month automated (80%)
1,300 users on a single global platform
Allianz
90% of finance processes automated
100% improvement in consistency and quality, 70% less manual effort
Jabil
95,000–120,000 hours saved annually
Single platform orchestrating R2R across global entities
Arla Foods
80% of balance sheet reconciliations automated
Cut manual effort across A2R by ~50%
Ashland
800 minutes → 15 minutes across 40 entities
98% reduction in close time, 48 processes automated
Genentech
88% automation coverage, 50%+ faster close
Hands-off close achieved, “war rooms” eliminated
You have R2R tools. Why is the close still manual?
Accounting and finance teams have invested heavily in close management software, reconciliation tools, journal templates and task trackers. Yet every month, the same story:
Accountants pulling data from SAP manually
Calculations happening in spreadsheets
Journals requiring manual uploads and corrections
Dependencies are stalling because someone is waiting
The same tasks are repeated entity by entity
Late nights and overtime at every close
How Finance Automation runs the close — not just manages it
Finance Automation executes close tasks from start to finish, without human handoffs. It doesn’t track the work. It does the work.
Touchless close
Automate up to 90% of your financial close tasks, including often overlooked and time-consuming areas.
Orchestrated execution
Coordinate complex processes and trigger dependent activities across systems without manual intervention required.
Integrated automation
Get greater reliability and control with fully supported and maintained connections to your core applications and systems.
SAP friendly
Leverage a catalog of pre-automated tasks that work with SAP and many other business applications.
Monitoring and visibility
Empower and inform business users with built-in business process management and clear dashboards.
Built-in audit controls
Capture every action automatically with full process-level logging. No extra work or retroactive documentation needed.
Traditional R2R tools made the close more visible. They didn’t make it less manual.
Finance Automation takes a different approach. We automate the execution layer — the actual work that consumes finance hours — and orchestrate the sequence so tasks progress automatically. The result: a close that runs itself.
Three systemic shifts are converging, and each one exposes the risk of carrying manual journal work into the future.
S/4HANA deadline
December 2027
ECC support ends. If you’re migrating, why replicate manual processes in a new system?
Talent crisis
17% fewer accountants
Since 2019. You cannot hire your way out of manual close processes.
Audit pressure
2x control findings
Manual processes create control gaps. Auditors are paying attention.
End-to-end automation across the close
Finance Automation goes beyond workflow coordination to handle the execution itself by extracting data, running calculations, applying validations, posting to SAP and triggering dependent steps across every stage of the close.
Journal entry automation
Automate the full journal lifecycle from data extraction and calculation to validation and SAP posting. No spreadsheets. No manual uploads. No rework.
Understand why Finance Automation can automate what other tools can’t. Execution automation plus intelligent orchestration — the architecture that runs the close.
Redwood Software is a Leader in the Gartner Magic Quadrant™ for Service Orchestration and Automation Platforms (SOAPs) for two years in a row. We feel this is what sets us apart. We don’t think this puts us in the same category as traditional R2R tools — because we don’t do the same thing.
Recognized for what traditional R2R tools don’t do
We believe SOAP platforms should automate the execution of complex, cross-system business processes. Traditional R2R tools manage workflows. Finance Automation runs them.
Traditional R2R tools
Finance Automation by Redwood
Manage tasks and checklists
Track approvals and statuses
Provide visibility into the close
Depend on people to do the work
Automates SAP transactions and postings
Executes calculations and business logic
Orchestrates dependencies automatically
Runs the close — people review results
Built for SAP. Not bolted on.
Use Finance Automation with SAP without the manual work. You don’t have to extract data, process it externally and push it back. Finance Automation executes inside SAP by reading, validating and posting directly to your ledger. One source of truth. No sync issues. No integration maintenance. No “which system is right?”
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 entries and much more. Finance Automation extends beyond SAP ERP and transforms your financial close into a streamlined, touchless operation.
See how finance leaders aren’t just optimizing the close — they’re removing the work behind it.
90%+
Close tasks automated
120K
Hours saved annually
70%
Faster close cycles
1000→30
Manual tasks eliminated
Rethink what’s holding back your close
Explore insights, research and real-world context to help you benchmark maturity, identify blind spots and take the next step toward an autonomous close.
