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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 Empty Spaces?

Empty Spaces is an advanced AI-agent platform specifically designed for financial operations, providing a revolutionary solution for finance departments. This state-of-the-art tool aids in creating reconciliations, investigating discrepancies that delay timely closures, and overseeing proposed amendments for consideration. The agents proficiently gather source documents, reconcile transactions, and produce workpapers along with well-supported journal entries. Finance teams are empowered to oversee accounting decisions by evaluating the evidence collected. Beginning with a single workflow, teams can verify results against their own records before expanding their operational capabilities. Moreover, the platform is designed to manage accounts payable, accounts receivable, and financial planning and analysis processes. It integrates effortlessly with a variety of systems, such as ERP, ledgers, banking, spending, data management, CRM, email, chat, and document storage. In addition to analyzing the linked records, the agents assist in preparing authorized write-backs while ensuring activity logs and source documents remain readily available for continuous review. This comprehensive approach not only significantly boosts efficiency and accuracy in financial operations but also fosters a collaborative environment where finance teams can thrive. Ultimately, Empty Spaces stands out as a transformative tool that redefines how financial tasks are managed and executed.

Media

Media

No images available

Integrations Supported

Redwood Reporting
SAP BPC

Integrations Supported

BILL
Brex
Gmail
Google Drive
Microsoft Dynamics 365 Business Central
Microsoft Outlook
NetSuite
Odoo
Oracle Database
Plaid
PostgreSQL
QuickBooks Online
Ramp
SAP S/4HANA
Salesforce
Slack
Snowflake
Zoho CRM

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Windows
Linux

Supported Platforms

SaaS

Customer Service / Support

24 Hour Support
Web-Based Support

Customer Service / Support

Not specified

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Not specified

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

Empty Spaces

Date Founded

2026

Company Location

United States

Company Website

emptyspaces.ai/

Categories and Features

Finance

Not specified

Financial Close

Not specified

Order-to-Cash

Not specified

Procure to Pay

Not specified

Categories and Features

Financial Close

Not specified

Reconciliation

Not specified

Popular Alternatives

Popular Alternatives

No Alternatives