Record-to-Report Automation by Redwood Description
Every day, every quarter, and every year, finance has a lot of repetitive, manual tasks. Redwood's Finance Automation solutions use our industrial-scale automation technology. This technology gives business users the ability to design, deploy and operate transformative financial processes. Redwood Finance Automation improves efficiency, governance, and transparency. Finance professionals can now focus on gaining valuable insights through corporate reporting information, rather than just chasing data.
These solutions support four pillars of finance processes, namely record to report, order cash, procure pay, and asset accounting. We offer automated solutions within record to report for close checklist, reconciliations, journal entries, and intercompany. Redwood automates as much as 85% in finance tasks that were previously performed manually.
Record-to-Report Automation by Redwood Alternatives
Fraxion helps mid-market finance teams take control of spend with a single procure-to-pay platform covering procurement, accounts payable, expenses, and spend management. Instead of managing disconnected purchasing and finance processes, organizations can oversee the full spend lifecycle in one place.
From requisition and purchasing through invoicing and payment, Fraxion provides automated PO workflows, configurable multi-level approvals, budget and policy controls, PunchOut and catalog capabilities, AI-enabled AP automation, spend intelligence, payments, and a mobile experience for managing spend anywhere.
Each transaction is tracked with a comprehensive audit trail, providing finance leaders with greater visibility and accountability. Fraxion is built for the Office of the CFO and supports a flexible path to adoption: teams can begin with procurement or AP and add capabilities over time to create a complete procure-to-pay environment without starting over.
Fraxion is SOC 2-compliant and connects with major accounting and ERP systems such as Sage, Microsoft Dynamics, NetSuite, QuickBooks, and Xero. It has served mid-market organizations in healthcare, life sciences, agriculture, education, and natural resources for over two decades.
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RunMyJobs by Redwood is the only SAP endorsed and premium-certified and the most awarded SAP-certified SaaS workload automation platform and only allowing enterprises to achieve end-to-end IT process automation and unify complex across any application, system or environment without limits and with high availability as you scale.
We're the #1 job scheduling choice for SAP customers with seamless integration to S/4HANA, BTP, RISE, ECC and more while maintaining a clean core.
Empower teams with seamless integration with any present and future tech stack, a low-code editor and a rich library of templates. Monitor processes in real-time with predictive SLA management and get proactive notifications via email or SMS on performance issues or delays in all your processes.
Redwood team provides 24/7/365 day global support with the industry’s strongest SLAs and 15-minute response times and a proven approach to migration that secures continuous operations, including team training, on-demand learning and more.
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JSCAPE by Redwood is a secure managed file transfer (MFT) software that automates complex file workflows, consolidating manual processes, custom scripts and siloed tools into a single, reliable platform. Low-code automation triggers enable IT teams to orchestrate file transfers across Windows, Linux, macOS, Solaris and any other platform, with unlimited users, trading partners and concurrent connections included and no additional middleware required.
JSCAPE delivers enterprise-grade security, backed by an unblemished track record since 1999 and active third-party certifications that most MFT providers don't hold: SOC 2 Type 1 and Type 2, ISO 27001, Drummond Certified™, and FIPS 140-2 and 140-3 validated encryption. Quarterly penetration testing and annual third-party audits keep your environment audit-ready year-round.
The solution handles any file size and any protocol — SFTP, FTP/S, HTTP/S, AS2, OFTP2, WebDAV, and more — while meeting compliance requirements for HIPAA, PCI DSS, SOX, GDPR and GLBA. It also fits cleanly into any environment (on-premises, cloud, hybrid, containerized or SaaS), with native integrations for Microsoft Azure, AWS, IBM Cloud, CyberArk, Box, Dropbox and leading workload automation solutions like RunMyJobs.
Trusted by 1,000+ organizations in 57+ countries, JSCAPE includes 24/7/365 expert technical support with an 8-minute median response time and online training at no extra cost in every plan.
Request a personalized demo today.
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Save 90% for 6 months on Xero's award-winning accounting and online bookkeeping platform. Beautifully simple, Xero offers a wide range of features that help businesses manage their numbers effortlessly, including invoicing, inventory management, bank connections, payroll, reporting, and app integrations for a seamless user experience. Xero offers plans for businesses of any size, with room to grow.
Xero provides a comprehensive ecosystem of integrated apps and connections to banks and financial institutions, allowing small businesses to access a variety of solutions within its open platform to efficiently manage their operations and finances. For accounting and bookkeeping practices, Xero offers powerful compliance tools, intelligent practice management software, and a centralized cloud-based accounting ledger for all clients, accessible in one place.
Xero automates data entry by pulling sales and expense records directly from banks, invoicing apps, point-of-sale systems, and more. It securely connects to business bank accounts, eliminating manual data input, while smart bank reconciliation learns user preferences to streamline the process.
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Company Details
Company:
Redwood Software
Year Founded:
1992
Headquarters:
United States
Website:
www.redwood.com/solutions/finance-automation/record-to-report/
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