Cointab Reconciliation vs. Redwood Finance Automation

I have used Redwood Finance Automation for all of these scenarios: transform and prepare the journal entries, SAP document posting, reversals, attachments, job status, error notifications, live tracking, error handlers, resubmission, data transformation, chain diagram of the robotic process development, can use multiple systems, merging, group, Excel conversion, and data storage. Difficulty in REL expressions to use in development for non-IT users. Data transformation requires many steps to add or delete the columns and it has some limitations.

• It helps through processes standarization
• Implementation of SOX controls
• Takes over more repetitive and time-consuming activities to focus on added value ones

Incentivized

Invited by the Vendor

A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info

• Business users are not able to understand the errors without IT knowledge
• Better to have more features in data transformer (like Excel Pivot)
• Train all types of users on basic REL expression language to use in development

It is very well integrated on SAP enviroments.

Incentivized

Invited by the Vendor

A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info

• We have removed the robot from user in terms of people transformation
• Time saving especially at month end to review the financials
• We have identified more improvement opportunities with RFA as per the available features