Finance Automation by Redwood
by Redwood Software · Financial Close & Consolidation
SAP-certified record-to-report automation for close, reconciliation, and journal entries.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Works with
SAPSAP S/4HANA
Oracle- Deployment
- Cloud
- Pricing
- Quote-based
- Founded
- 1993
- Headquarters
- Houten, Netherlands
Overview
Finance Automation by Redwood is cloud-based software that automates record-to-report (R2R) processes: close task orchestration, balance sheet account reconciliation and certification, journal entry automation, asset accounting, and intercompany transactions. It is built by Redwood Software, a workload-automation vendor with a long history automating batch processes inside SAP and other ERP environments.
The product's Task Orchestrator sequences and monitors close tasks with predecessor/successor dependencies, delegated ownership, and SLA timing across shared service centers and entities. Its Account Reconciliation Workbench supports balance-sheet certification reviews with aging breakdowns, auto-reason coding, and audit logs, while a Journal Entry module provides approval workflows, dashboards, and "lights-out" (fully automated) posting.
Redwood markets itself as holding more SAP certifications than other finance automation vendors and positions the product primarily for SAP customers, with Oracle also supported. Pricing is quote-based with unlimited connections and a three-tier (dev/test/production) environment included. Customers referenced on Redwood's site include Westinghouse, Daikin, Ryder, Energizer, AMD, Epson, and John Deere.
Screenshots & demo
Screenshots sourced from Redwood Software.
Features & capabilities
Close Task Orchestration
Sequencing and monitoring of the end-to-end close calendar.
- Task Orchestrator with predecessor/successor dependencies
- Delegated task ownership and approving-person routing
- SLA-based start/deadline timing per task
- Shared service center and cost-center scoped workflows
- Escalation routes for missed deadlines
- Close dashboard and audit trail
Balance Sheet Reconciliation & Certification
Account reconciliation workbench with review and sign-off controls.
- Balance sheet certification review workflow
- Aging breakdown tables by review status
- Auto-reason coding for unmatched line items
- Mark-as-reviewed, action item, and comment workflow
- Reconciliation dashboard across company codes
- Full audit log per review
Journal Entry Automation
Automated journal posting with approvals and analytics.
- Manual and templated journal entry upload
- Approval matrix and approval-failure routing
- Journal dashboard with timing insights (by day, week, month, region)
- Weekend/off-cycle journal entry monitoring
- Posting-failure and validator-status tracking
Asset & Intercompany Accounting
Automation for fixed assets and cross-entity transactions.
- Asset capitalization and depreciation tracking
- Intercompany transaction matching and settlement
- Accruals and provisions automation
- Pre-built task catalogs for rapid deployment
Common use cases
- Orchestrating a multi-entity SAP close calendar with task dependencies and SLAs
- Running balance sheet certification reviews with aging and auto-reason coding
- Automating journal entry posting and approval workflows
- Delegating close tasks across regional shared service centers
- Tracking journal-entry timing patterns (e.g., weekend/off-hours postings) for control monitoring
- Reducing manual, "human middleware" steps in SAP-centric close processes
- Standardizing intercompany reconciliation and settlement across subsidiaries
Strengths & considerations
Strengths
- Deep SAP certification footprint; Redwood markets itself as the most SAP-certified finance automation vendor
- Originated from Redwood's workload-automation (job scheduling) heritage rather than a close-checklist-first product
- "Lights-out processing" for fully unattended execution of automatable close tasks
- Unlimited connections and a three-tier (dev/test/production) environment included in quoted pricing
ERP integrations
Pricing
Custom quote based on configuration. Redwood states quotes include unlimited connections, a three-tier (dev/test/production) environment, and full SaaS implementation with 24/7 support. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS
- Compliance
- ISO 27001
About the vendor
- Founded
- 1993
- Headquarters
- Houten, Netherlands
- Ownership
- Private equity-backed (Vista Equity Partners and Warburg Pincus)
- Notable customers
- Westinghouse, Daikin, Ryder, Energizer, AMD, Epson, John Deere
Alternatives to Finance Automation by Redwood in Financial Close & Consolidation
Finance Automation by Redwood — frequently asked questions
Is Finance Automation by Redwood built for SAP?
Yes. Redwood is an SAP Certified Partner and markets Finance Automation as having the deepest SAP certification footprint among finance automation vendors, though it also supports Oracle environments.
What close tasks does Redwood automate?
It automates close task orchestration, balance sheet account reconciliation and certification, journal entry posting and approvals, asset accounting, and intercompany transactions.
How is Redwood Finance Automation priced?
Pricing is quote-based. Redwood states quotes are built around a customer's configuration and include unlimited system connections and a three-tier (development/test/production) environment.
Who owns Redwood Software?
Redwood Software is private-equity backed by Vista Equity Partners and Warburg Pincus, following Vista's acquisition of the company in September 2024.
Evaluating Financial Close & Consolidation?
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