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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 Coprocess.Netting?

Coprocess is recognized as a leading software provider specializing in corporate treasury and accounting solutions. Our key offering, Coprocess.Netting, is an all-encompassing tool designed for multilayered netting, month-end reconciliations, and effective vendor payment management. With over thirty years of experience, Coprocess has successfully assisted companies in significantly reducing costs by optimizing their settlement processes, while also boosting operational efficiency and maintaining regulatory compliance. The solution effectively simplifies intercompany transactions, enabling a remarkable reduction in payment and foreign exchange volumes by as much as 70%, and it centralizes banking relationships while reducing float and complex procedures. It provides seamless integration with current treasury technologies and delivers a real-time intercompany netting system that can be accessed through our secure private cloud, with an optional API for enhanced functionality. Often referred to as multilateral netting, it increases visibility into intercompany dealings across accounts receivable, accounts payable, loans, and treasury operations. Furthermore, it rectifies discrepancies and facilitates automatic reporting, thereby making financial management easier and more transparent for organizations. Ultimately, Coprocess.Netting equips businesses with the tools necessary to achieve unparalleled financial clarity and operational effectiveness, allowing them to focus on strategic growth initiatives. This powerful solution enables companies to navigate the complexities of financial management with confidence.

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

Coprocess

Company Location

United Kingdom

Company Website

www.coprocess.com

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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