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.
Modules & capabilities
Finance Automation by Redwood covers 20 of 50 capabilities we track in this category
40%- Close checklist & task templatesPre-built task catalogs for rapid deploymentCore strength
- Task dependencies & sequencingTask Orchestrator with predecessor/successor dependenciesCore strength
- Role-based task assignment & ownershipDelegated task ownership and approving-person routingCore strength
- Sign-off / certification workflowBalance sheet certification review workflowCore strength
- SOX / internal controls trackingNot evidenced
- Close calendar & milestone trackingSLA-based start/deadline timing per taskSupported
- Supporting documentation & evidence attachmentClose dashboard and audit trail; full audit log per reviewSupported
“Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
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
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Rate itERP integrations
SAP Store listing; Redwood is also an SAP Certified Partner for close/reconciliation automation.
Ready-to-deploy Oracle connectors listed in Redwood's automation connector catalog; no Oracle Marketplace listing found.
Connector details independently verified against vendor marketplaces and documentation; last checked 2026-08-20.
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.
What does Finance Automation by Redwood cost?
Finance Automation by Redwood prices by quote, like most of this category. Here is what actually drives your number — and what to ask before you get one.
7 of the 12 vendors we track in this category publish no list price at all.
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.
Compare Finance Automation by Redwood head-to-head
The Financial Close & Consolidation Buyer's Guide
Before you commit to Finance Automation by Redwood, see how it sits against the 12 financial close & consolidation systems we track — on capability, ERP integration depth and what each one actually charges for.
Financial Close & Consolidation Buyer's Guide
12 systems compared · 2026
ERP Research
- Finance Automation by Redwood compared side-by-side with 11 alternatives
- ERP integration checklist — what to verify before you shortlist
- The pricing questions that change the quote
- A Finance Automation by Redwood evaluation brief, included with the guide
Financial Close & Consolidation Buyer's Guide
Get pricing for Finance Automation by Redwood
Finance Automation by Redwood doesn't publish a price. Tell us your ERP, seat count and must-haves and we'll come back with an independent view of what it should cost you — and which alternatives are worth quoting alongside it.