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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 HighRadius?

HighRadius is a technology-driven financial services company that leverages AI-powered Autonomous Systems to streamline finance operations, including Order-to-Cash, Record-to-Report, and Treasury management, for various businesses. Our advanced Autonomous Software platform, designed specifically for the Office of the CFO, harnesses AI to help organizations reduce Days Sales Outstanding (DSO), enhance working capital efficiency, expedite financial closures, and boost overall productivity. With a track record of assisting over 700 prominent organizations, ranging from large enterprises to mid-sized firms, HighRadius has successfully revolutionized finance workflows in areas such as O2C, treasury, and R2R. Our comprehensive Order-to-Cash solutions encompass Credit Risk Management, AR Collections, Cash Application, Deduction Management, as well as E-Invoicing and Payment software. Additionally, we provide sophisticated Treasury management tools, including Cash Management and Cash Forecasting software, while our Accounting solutions feature Financial Close Management, Account Reconciliation, and Anomaly Management software, ensuring a holistic approach to financial efficiency. By integrating these solutions, HighRadius empowers organizations to achieve greater financial accuracy and operational agility.

Media

Media

Integrations Supported

Redwood Reporting
SAP BPC

Integrations Supported

Microsoft Dynamics 365
NetSuite
SAP HANA
Sage Intacct

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

24 Hour Support

Training Options

Documentation Hub
Webinars
Online 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

HighRadius

Date Founded

2006

Company Location

United States

Company Website

www.highradius.com

Categories and Features

Finance

Not specified

Financial Close

Not specified

Order-to-Cash

Not specified

Procure to Pay

Not specified

Categories and Features

Accounts Receivable

ACH Payment Processing
Billing & Invoicing
Check Processing
Collections Management
Online Payment Processing
Overpayment Processing
Partial Payments
Receivables Ledger
Recurring Billing

AR Automation

Not specified

Billing and Invoicing

Billing Portal
Customer Portal
Customizable Invoices
Dunning Management
Online Invoicing
Payment Processing

Cash Flow Forecasting

Not specified

Credit Management

Not specified

Debt Collection

Automated Notices
Callback Scheduling
Client Management
Compliance Management
In-House Collections
Payment Plans

Deduction Management

Not specified

E-Invoicing

Not specified

Financial Close

Not specified

Order-to-Cash

Not specified

Reconciliation

Not specified

Treasury

Cash Management
Debt Management
Forecasting
Liquidity Management
Payment Management
Risk Management

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