No. 23 of 67 ·IT Automation Software

Finance Automation by Redwood

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Freedom report

One barScore 5.4

Free tierNo free tier on record
Open codeNo open-source code on record
Runs widely1 of 6 device platforms
DocumentedPlans, terms and facts published

Finance Automation by Redwood is ranked #23 of 67 in IT automation software on Freedom251. It runs on Web.

Finance Automation by Redwood plans and pricing

All plans

Finance Automation by Redwood Not published unlimited connections · three-tier development/test/production environment · full SaaS implementation · 24×7 support redwood.com · 1 Oct 2026

Compared on IT automation software

Journal entry automation: Yes
Reconciliation automation: Yes
Close task management: Yes
Multi-entity support: Yes
Audit trail: Yes
Deployment: hybrid

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The record

Purpose: Finance Automation by Redwood automates SAP transactions, calculations, validations, journal entries and postings across record-to-report workflows.
Execution automation: The platform automates SAP data extraction, calculations, validations, journal creation and posting, matching and reconciliation, reversals, adjustments and exception handling.
Close automation: Redwood says Finance Automation can automate more than 90% of close tasks.
Finance processes: Record-to-report automation covers journal entries, balance sheets, expense reports, financial close checklists and intercompany eliminations.
Integrations: The platform orchestrates processes across ERP systems, data warehouses, business applications and reporting software including SAP, Oracle, Microsoft, Workday and Infor.
SAP support: Finance Automation supports SAP S/4HANA Cloud and on-premise, SAP ECC and SAP Business Technology Platform.
SaaS delivery: Redwood describes Finance Automation as a SaaS solution for automating complex finance and accounting processes.
Monitoring: The product provides built-in business process management, dashboards and monitoring visibility for automated finance processes.
Audit controls: Finance Automation captures every action automatically with full process-level logging.
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.
Support: Redwood states that its full SaaS implementation delivers guaranteed uptime and 24×7 support.
Target customers: Redwood says enterprises in industries including manufacturing, utilities, retail, biotech, healthcare, banking and aerospace rely on its automation solutions.

Where it ranks on Freedom251

Best IT Automation Software in 2026#23 of 67
Best Intercompany Accounting Software in 2026#10 of 40
Best Accounting Automation Software in 2026#5 of 37
Best Workflow Orchestration Software in 2026#21 of 36
Best Workload Automation Software in 2026#14 of 22

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Sources

redwood.com/solutions/finance-automation/platform-a· checked 1 Oct 2026
redwood.com/solutions/finance-automation/record-to-· checked 1 Oct 2026
redwood.com/solutions/finance-automation/financial-· checked 1 Oct 2026
redwood.com/trust/· checked 1 Oct 2026
redwood.com/solutions/finance-automation/pricing/· checked 1 Oct 2026
redwood.com/about-us/· checked 1 Oct 2026