Redwood Finance Automation

Easily assemble end-to-end processes with Redwood’s drag-and-drop workflow designer. Incorporate disparate tools, including robotic process automation (RPA), intelligent automation, ERPClosed Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite also includes enterprise performance management, software that helps plan, budget, predict, and report on an organization’s financial results., and non-ERP applications through a catalog of pre-built closing cycle tasks — or build your reusable actions.

Meet reporting deadlines and improve forecasting with accurate, timely financial information. Our automated record-to-report (R2R) process orchestrates the following activities across the entire R2R life cycle:

  • End Close Checklist: Combine certifications, journals, intercompany and more into a single automated environment

  • Balance Sheet Certification: Eliminate manual preparation and minimize errors with Auto-Certify for smarter certification

  • General Ledgers: Integrate with key business systems to fully automate your journal entry processes, including provisions, accruals, reserves and more

For more information, visit Redwood Finance Automation.

Frequently Asked Questions

Record to report processes in finance and accounting are used to provide information and performance reports for CFOs and leadership teams. Record to report (R2R) processes involve gathering, transforming and displaying accurate and timely information. Automation tools can help streamline and optimize R2R processes by eliminating manual inefficiencies for more accurate management reports.

R2R processes can be improved by eliminating manual tasks associated with collecting, processing and reporting. Finance automation solutions enable users to automate across ERP and non-ERP platforms for seamless, end-to-end processes that can be fully monitored and reported on. This helps accelerate R2R processes that are more reliable than manual R2R.

Yes, Redwood Finance Automation provides pre-built actions and integrations to execute record to report (R2R) processes such as Balance Sheet Certification, Task Management and Journal Entry.