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What is Record-to-Report Automation by Redwood?

Every day, every quarter, and every year, the finance sector faces numerous tedious and repetitive manual tasks. Redwood's Finance Automation solutions leverage advanced automation technology on an industrial scale. This innovative technology empowers business users to create, implement, and manage transformative financial processes seamlessly. By utilizing Redwood Finance Automation, organizations enhance their efficiency, governance, and transparency in financial operations. Consequently, finance professionals can shift their focus from merely gathering data to extracting valuable insights from corporate reporting information. These solutions effectively underpin four essential pillars of finance processes: record to report, order to cash, procure to pay, and asset accounting. We provide automated solutions for the record to report pillar, which includes close checklists, reconciliations, journal entries, and intercompany transactions. Remarkably, Redwood can automate up to 85% of finance tasks that were previously executed manually, allowing organizations to operate more efficiently and with greater accuracy. This shift not only reduces workload but also enables finance teams to contribute more strategically to their businesses.

What is Aptitude Accounting Hub?

The Aptitude Accounting Hub is a holistic solution designed for overseeing financial functions. It plays a vital role for finance departments that are looking to innovate and respond to imminent shifts in regulations, market trends, and technological progress. More than merely enabling effective finance practices and compliance, it serves as a bedrock for revolutionary financial transformation. The AAH is meticulously crafted to consolidate and optimize finance, accounting, and reporting activities. This platform provides finance teams with full control over accounting standards and workflows, ensuring management is conducted from a centralized location that is specifically tailored for finance experts. It acts as a unified platform for enterprise accounting guidelines, facilitating the integration of diverse and intricate source systems. The system accommodates journal entries in transaction, base, and local currencies, and includes functionalities for periodic foreign exchange revaluation. Moreover, it features drill-down reporting capabilities that yield comprehensive analytics and insights into variations in balances, as well as opportunities for cross-analysis. Ultimately, the Aptitude Accounting Hub not only boosts operational efficiency but also empowers finance teams to confront future challenges with confidence and preparedness. This makes it an indispensable tool for organizations aiming to thrive in an ever-evolving financial landscape.

Media

Media

Integrations Supported

Redwood Reporting
SAP BPC

Integrations Supported

Redwood Reporting
SAP BPC

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Redwood Software

Date Founded

1992

Company Location

United States

Company Website

www.redwood.com/solutions/finance-automation/record-to-report/

Company Facts

Organization Name

Aptitude Software

Date Founded

2008

Company Location

United Kingdom

Company Website

www.aptitudesoftware.com/product/aptitude-accounting-hub/

Categories and Features

Procure to Pay

Billing & Invoicing
Budgeting / Forecasting
Compliance Management
Contract Lifecycle Management
Financial Reporting
Integration Management
Inventory Management
Order Management
Vendor Management

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

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