Finance Automation by Redwood vs SkyStem ART
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 | Cloud |
| Company size | — | SMB, Mid-market, Enterprise |
| Stated ERP integrations | SAP, Oracle Fusion Cloud | Oracle Fusion Cloud |
| Vendor | Redwood Software | SkyStem |
Our take
Where Finance Automation by Redwood leads
- Stronger evidenced coverage on 10 of the 23 capabilities where they differ (led by journal entry approval workflow and intercompany matching & netting/settlement).
- Stated SAP integration the alternative doesn't list.
Where SkyStem ART leads
- Stronger evidenced coverage on 13 of the 23 capabilities where they differ (led by recurring reconciliation templates and system-enforced segregation of duties).
Where they differ
The 23 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 | ||
|---|---|---|
| Recurring reconciliation templatesAccount Reconciliation | Not evidenced | Core strength Standard reconciliation form templates, usable across currencies |
| System-enforced segregation of dutiesAccount Reconciliation | Not evidenced | Core strength Preparer cannot also review their own reconciliation |
| Journal entry approval workflowJournal Entry Automation | Core strength Approval matrix and approval-failure routing | Not evidenced |
| Intercompany matching & netting/settlementConsolidation & Intercompany | Core strength Intercompany transaction matching and settlement | Not evidenced |
| Account-level flux / variance analysisVariance & Flux Analysis | Not evidenced | Core strength Period-to-period, QoQ and YoY variance thresholds by $ and/or % |
| Automated variance flagging against thresholdsVariance & Flux Analysis | Not evidenced | Core strength Automatic identification of accounts exceeding thresholds |
| Variance commentary & explanation workflowVariance & Flux Analysis | Not evidenced | Core strength Owner assignment to explain variances and attach documentation |
| Task dependencies & sequencingClose Task Management | Core strength Task Orchestrator with predecessor/successor dependencies | Partial Task assignment with owners/due dates; no stated dependencies |
| SOX / internal controls trackingClose Task Management | Not evidenced | Supported System-enforced segregation of duties |
| Configurable variance thresholds & auto-certificationAccount Reconciliation | Not evidenced | Supported Standard reconciliation form templates |
| Automated journal entry creationJournal Entry Automation | Supported Manual and templated journal entry upload | Not evidenced |
| Recurring & accrual journal entriesJournal Entry Automation | Supported Accruals and provisions automation | Not evidenced |
| Journal entry risk scoring / anomaly detectionJournal Entry Automation | Supported Posting-failure and validator-status tracking | Not evidenced |
| Direct journal entry posting to the ERPJournal Entry Automation | Supported SAP-certified partner; posts JEs into SAP | Not evidenced |
| Multi-period trend analysisVariance & Flux Analysis | Not evidenced | Supported Period-to-period, quarter-to-quarter and year-to-year thresholds |
| CFO / board-ready variance reportingVariance & Flux Analysis | Not evidenced | Supported Real-time executive dashboards (CFO/Controller) |
| Custom / ad-hoc report builderReporting & Disclosure | Not evidenced | Supported Standard reports: unusual balances, exceptions, SOD violations |
| Prebuilt / certified ERP connectivityPlatform & Integrations | Core strength SAP Certified Partner; prebuilt Oracle connector | Partial ERP-agnostic via CSV/Excel file import, not prebuilt connectors |
| Supporting documentation & evidence attachmentClose Task Management | Supported Close dashboard and audit trail; full audit log per review | Core strength Archiving of close documents such as analyses and JE support |
| Unmatched item aging & resolution workflowAccount Reconciliation | Core strength Auto-reason coding for unmatched line items; aging breakdown tables | Supported Real-time dashboards showing reconciliation status and exceptions |
| Immutable audit trailPlatform & Integrations | Core strength Full audit log per review; close dashboard and audit trail | Supported Electronic report sign-off and archiving |
| Role-based access controlsPlatform & Integrations | Supported Delegated task ownership and approving-person routing | Core strength Role-based access governing visibility of balance sheet data |
| Cloud & on-premise / hybrid deployment optionsPlatform & Integrations | Not evidenced | Partial Cloud-based only; no on-premise option documented |
Both grade identically on the other 27 capabilities — see each product's full profile: Finance Automation by Redwood, SkyStem ART.
Finance Automation by Redwood vs SkyStem ART — FAQs
Is Finance Automation by Redwood or SkyStem ART better for ERP integration?
Both state integrations with Oracle Fusion Cloud. Finance Automation by Redwood additionally lists SAP. Always verify the connector against your ERP version with a reference customer.
Which is cheaper, Finance Automation by Redwood or SkyStem ART?
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 Finance Automation by Redwood and SkyStem ART should each cost you — and whether a third option belongs on your shortlist.