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Finance Automation by Redwood
What Finance Automation by Redwood is
Finance Automation by Redwood is a SaaS solution for automating finance work across record-to-report workflows. It can extract SAP data, calculate and validate amounts, create and post journal entries, reconcile records, and handle reversals, adjustments, and exceptions. The product also covers balance sheets, expense reports, close checklists, and intercompany eliminations. Redwood says it can automate more than 90% of close tasks. The platform coordinates work across ERP systems, data warehouses, business applications, and reporting software, including SAP, Oracle, Microsoft, Workday, and Infor. SAP support covers S/4HANA Cloud and on-premise, SAP ECC, and SAP Business Technology Platform. Dashboards and monitoring provide visibility into automated processes, and automatic process-level logs record actions. Redwood reports several security certifications, including SOC 1 Type II, SOC 2 Type II, and ISO/IEC 27001:2022; CSA STAR Level 2 covers Finance Automation. The plan includes unlimited connections, a three-tier development, test, and production environment, full SaaS implementation, and 24×7 support. Pricing is on request, and there is no free plan.
Who it suits
This product suits enterprise finance and accounting teams automating record-to-report work, particularly those using SAP or other listed business systems. Redwood identifies industries including manufacturing, utilities, retail, biotech, healthcare, banking, and aerospace among its target customers.
What it does well
- Automates journal creation, posting, matching, and reconciliation
- Redwood says it can automate over 90% of close tasks
- Includes dashboards, monitoring, and process-level logs
- Full SaaS implementation includes 24×7 support
What to know first
- Pricing is available on request
- No free plan
- The plan includes a three-tier environment, not unlimited environments
Limits
There is no free plan. The listed plan’s price is available on request; its included terms specify unlimited connections, a three-tier development, test and production environment, full SaaS implementation and 24×7 support.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Finance Automation by Redwood | unlimited connections · three-tier development/test/production environment · full SaaS implementation · 24×7 support | On request |
As redwood.com lists them, read 1 Oct 2026. The maker's own page has the final word.
Getting started
- Visit Redwood’s Finance Automation record-to-report website.
- Request pricing for the Finance Automation plan.
- Arrange the full SaaS implementation included in the plan.
- Connect the ERP systems, data warehouses, business applications and reporting software used in your processes.
Verdict
Finance Automation by Redwood covers a broad set of record-to-report tasks and offers process visibility and logging. Pricing is on request, so teams will need to discuss requirements with Redwood.
Questions
How much does Finance Automation by Redwood cost?
Pricing is on request. The listed plan includes unlimited connections, a three-tier development, test and production environment, full SaaS implementation and 24×7 support.
Is there a free plan?
No. The product is listed as having no free plan.
Which SAP products does it support?
It supports SAP S/4HANA Cloud and on-premise, SAP ECC and SAP Business Technology Platform.
Which other systems can it integrate with?
The platform orchestrates across ERP systems, data warehouses, business applications and reporting software, including SAP, Oracle, Microsoft, Workday and Infor.
What finance work can it automate?
It automates SAP data extraction, calculations and validations; journal creation and posting; matching and reconciliation; reversals, adjustments and exceptions; and processes such as balance sheets, expense reports, close checklists and intercompany eliminations.
What deployment and support does the plan include?
The product is described as a SaaS solution, while its deployment is listed as hybrid. The plan includes a full SaaS implementation and 24×7 support.
Facts from Finance Automation by Redwood's own pages
- Audit controls
- Finance Automation captures every action automatically with full process-level logging. · redwood.com, 1 Oct 2026
- Close automation
- Redwood says Finance Automation can automate more than 90% of close tasks. · redwood.com, 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. · redwood.com, 1 Oct 2026
- Finance processes
- Record-to-report automation covers journal entries, balance sheets, expense reports, financial close checklists and intercompany eliminations. · redwood.com, 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. · redwood.com, 1 Oct 2026
- Monitoring
- The product provides built-in business process management, dashboards and monitoring visibility for automated finance processes. · redwood.com, 1 Oct 2026
- Purpose
- Finance Automation by Redwood automates SAP transactions, calculations, validations, journal entries and postings across record-to-report workflows. · redwood.com, 1 Oct 2026
- SaaS delivery
- Redwood describes Finance Automation as a SaaS solution for automating complex finance and accounting processes. · redwood.com, 1 Oct 2026
- SAP support
- Finance Automation supports SAP S/4HANA Cloud and on-premise, SAP ECC and SAP Business Technology Platform. · redwood.com, 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. · redwood.com, 1 Oct 2026
- Support
- Redwood states that its full SaaS implementation delivers guaranteed uptime and 24×7 support. · redwood.com, 1 Oct 2026
- Target customers
- Redwood says enterprises in industries including manufacturing, utilities, retail, biotech, healthcare, banking and aerospace rely on its automation solutions. · redwood.com, 1 Oct 2026
Where Finance Automation by Redwood stands on Freedom251
- Intercompany Accounting Software#22 of 42
- Accounting Automation Software#25 of 38