#1 most frequent
United States of America
55.6%5 installations of 9
What is Redwood Finance Automation?
Redwood Software headquartered in the Netherlands offers Redwood Robotics, a robotic process automation solution.
Categories & Use Cases
Media
1 / 5
Screenshot of Home page for the Redwood Software Finance Automation solution.
Who Buys & Uses Redwood Finance Automation
#2 most frequent
Germany
33.3%3 installations of 9
#3 most frequent
Poland
11.1%1 installation of 9
My experience with Redwood Finance Automation
Pros
- Easy to design without IT knowledge
- We can transform the data like excel
- This can read the data from any system and transform
Cons
- 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
Most Important Features
- Easy to develop the robots with basic IT knowledge
- Data transformation is huge development to transform the data in to several reports
- Predefined definitions help developers to create new robots
Return on Investment
- 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
Other Software Used
Microsoft 365 (formerly Office 365), BlackLine, Workday Cloud Platform
Redwood - Robots are here to remain as a family member in our company
Pros
- It helps through processes standarization
- Implementation of SOX controls
- Takes over more repetitive and time-consuming activities to focus on added value ones
Cons
- Tool in continuous development
- It requires training and experience to become a developer
Most Important Features
- Workflows - acknowledge, approval, supervising
- Prepare reports with data coming from different sources and transactions
- Process standardization around different countries
Return on Investment
- There is a return on investment reducing the time we need to work on reporting and communication.
- It allows the organization to focus on added value activities.
- Control and quality of data.
