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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 FiniFi?

FiniFi offers a comprehensive platform that unifies your cash cycles—both Payables and Receivables—into a smart solution that significantly improves financial management. In the Accounts Payable section, the platform simplifies the onboarding of vendors, utilizes AI for efficient invoice processing, automates adjustments for advances and debit notes, performs GSTR verifications, and streamlines the automation of payment tickets, all of which contribute to a reduction in revenue leakage by 2-3%. Turning to Accounts Receivable, it automates the onboarding of customers, oversees customer orders, and accurately matches payments to their corresponding invoices while generating credit notes for any discrepancies, thereby eradicating manual tasks that often result in 5-8% leakage across various teams. Additionally, the procurement module allows for user requests, the creation of RFQs, and vendor order placements, all within a cohesive automated system, which greatly enhances the efficiency of managing procurement activities. This holistic approach not only saves time but also optimizes the financial operations of businesses.

Media

Media

Integrations Supported

Epicor Kinetic
Infor CloudSuite ERP
LOGIC ERP
Microsoft Dynamics 365
Odoo
Oracle Fusion Cloud ERP
RISE with SAP
Ramco ERP
Redwood Reporting
SAP BPC
SAP Business One
SAP HANA
SAP HANA Cloud
Tally
Vin WMS
Zoho Books

Integrations Supported

Epicor Kinetic
Infor CloudSuite ERP
LOGIC ERP
Microsoft Dynamics 365
Odoo
Oracle Fusion Cloud ERP
RISE with SAP
Ramco ERP
Redwood Reporting
SAP BPC
SAP Business One
SAP HANA
SAP HANA Cloud
Tally
Vin WMS
Zoho Books

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

INR 15,000/Month
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

Finifi

Date Founded

2024

Company Location

India

Company Website

finifi.io

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

Accounts Payable

Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

Procure to Pay

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

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