CCH Tagetik vs Finance Automation by Redwood
financial close & consolidation head-to-head for ERP teams: evidenced capabilities, published pricing, and which ERPs each actually integrates with.
| Starting price | Quote-based | Quote-based |
| Deployment | Cloud, On-premise | Cloud |
| Company size | Mid-market, Enterprise | — |
| Stated ERP integrations | SAP | SAP, Oracle Fusion Cloud |
| Vendor | Wolters Kluwer (CCH Tagetik) | Redwood Software |
Our take
Where CCH Tagetik leads
- Stronger evidenced coverage on 16 of the 32 capabilities where they differ (led by multi-entity, multi-currency consolidation and automated intercompany eliminations).
Where Finance Automation by Redwood leads
- Stronger evidenced coverage on 16 of the 32 capabilities where they differ (led by role-based task assignment & ownership and journal entry approval workflow).
- Stated Oracle Fusion Cloud integration the alternative doesn't list.
Where they differ
The 32 capabilities (of 50 in the financial close & consolidation taxonomy) where the evidence separates them, biggest gaps first. “Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
| Capability | ||
|---|---|---|
| Role-based task assignment & ownershipClose Task Management | Not evidenced | Core strength Delegated task ownership and approving-person routing |
| Journal entry approval workflowJournal Entry Automation | Not evidenced | Core strength Approval matrix and approval-failure routing |
| Multi-entity, multi-currency consolidationConsolidation & Intercompany | Core strength Multi-currency/multi-entity consolidation; unlimited entity hierarchies | Not evidenced |
| Automated intercompany eliminationsConsolidation & Intercompany | Core strength | Not evidenced |
| Ownership & minority-interest calculationsConsolidation & Intercompany | Core strength Equity method and minority-interest adjustments calculated automatically | Not evidenced |
| Multi-GAAP / IFRS / statutory reporting supportConsolidation & Intercompany | Core strength IFRS, US GAAP and local statutory compliance | Not evidenced |
| Financial statement / management reportingReporting & Disclosure | Core strength Financial reporting and management dashboards | Not evidenced |
| Disclosure & narrative reportingReporting & Disclosure | Core strength Intelligent Disclosure narrative reporting w/ Word/PowerPoint | Not evidenced |
| Regulatory filing / XBRL supportReporting & Disclosure | Core strength iXBRL tagging for regulatory filings (powered by CoreFiling) | Not evidenced |
| AI-driven anomaly detectionAI, Analytics & Monitoring | Core strength Expert AI for anomaly detection, variance explanation, TB mapping | Not evidenced |
| Cloud & on-premise / hybrid deployment optionsPlatform & Integrations | Core strength Cloud (AWS) or on-premise deployment with the same functionality | Not evidenced |
| Close calendar & milestone trackingClose Task Management | Not evidenced | Supported SLA-based start/deadline timing per task |
| Automated journal entry creationJournal Entry Automation | Not evidenced | Supported Manual and templated journal entry upload |
| Recurring & accrual journal entriesJournal Entry Automation | Not evidenced | Supported Accruals and provisions automation |
| Journal entry risk scoring / anomaly detectionJournal Entry Automation | Not evidenced | Supported Posting-failure and validator-status tracking |
| Drill-back to source transactionsJournal Entry Automation | Supported Real-time drill-through into SAP S/4HANA and SAP ERP | Not evidenced |
| Direct journal entry posting to the ERPJournal Entry Automation | Not evidenced | Supported SAP-certified partner; posts JEs into SAP |
| Currency translation & FXConsolidation & Intercompany | Supported Multi-currency and multi-entity consolidation | Not evidenced |
| Account-level flux / variance analysisVariance & Flux Analysis | Supported Expert AI for anomaly detection, variance explanation, TB mapping | Not evidenced |
| Automated variance flagging against thresholdsVariance & Flux Analysis | Supported Expert AI for anomaly detection | Not evidenced |
| Variance commentary & explanation workflowVariance & Flux Analysis | Supported Expert AI for variance explanation | Not evidenced |
| AI-assisted predictive forecastingAI, Analytics & Monitoring | Supported AI-assisted predictive forecasting (Expert AI) | Not evidenced |
| Prebuilt / certified ERP connectivityPlatform & Integrations | Partial SAP-certified (powered by SAP HANA); no other ERP connector documented | Core strength SAP Certified Partner; prebuilt Oracle connector |
| Role-based access controlsPlatform & Integrations | Not evidenced | Supported Delegated task ownership and approving-person routing |
| Close checklist & task templatesClose Task Management | Supported Process-driven close workflows with task tracking | Core strength Pre-built task catalogs for rapid deployment |
| Task dependencies & sequencingClose Task Management | Supported | Core strength Task Orchestrator with predecessor/successor dependencies |
| Sign-off / certification workflowClose Task Management | Supported Configurable approval and sign-off steps | Core strength Balance sheet certification review workflow |
| Unmatched item aging & resolution workflowAccount Reconciliation | Supported System-certified vs. manually reconciled item tracking | Core strength Auto-reason coding for unmatched line items; aging breakdown tables |
| Intercompany matching & netting/settlementConsolidation & Intercompany | Supported Intercompany and transaction matching | Core strength Intercompany transaction matching and settlement |
| Close status dashboards & KPIsReporting & Disclosure | Supported Reconciliation progress and audit-report dashboards | Core strength Close dashboard; JE dashboard with timing insights |
| Statutory / local tax reportingTax Provision & Compliance | Partial Local statutory compliance covers reporting, not a dedicated tax workflow | Not evidenced |
| Immutable audit trailPlatform & Integrations | Supported Complete audit trail and data governance | Core strength Full audit log per review; close dashboard and audit trail |
Both grade identically on the other 18 capabilities — see each product's full profile: CCH Tagetik, Finance Automation by Redwood.
CCH Tagetik vs Finance Automation by Redwood — FAQs
Is CCH Tagetik or Finance Automation by Redwood better for ERP integration?
Both state integrations with SAP. Finance Automation by Redwood additionally lists Oracle Fusion Cloud. Always verify the connector against your ERP version with a reference customer.
Which is cheaper, CCH Tagetik or Finance Automation by Redwood?
Neither publishes a list price — both quote. Ask each for the all-in first-year cost at your seat count, as one number, and compare those.
Get pricing for both
Tell us your ERP, seat count and must-haves and we'll come back with an independent view of what CCH Tagetik and Finance Automation by Redwood should each cost you — and whether a third option belongs on your shortlist.