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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 Ledge?

Ledge is an AI-driven finance operations platform designed to help finance teams optimize and accelerate their month-end closing processes while effectively managing high-volume operational tasks. Rather than depending on spreadsheets for every cycle, Ledge's intelligent agents autonomously complete reconciliations, journal entries, cash application matches, and working papers by leveraging data from integrated bank, ERP, billing, and payment processing systems, ensuring that when your team reviews the checklist, much of the foundational work is already accomplished. The platform facilitates continuous account reconciliation, daily cash application, and offers a close checklist that operates as a smart workbench; pre-filled tasks streamline the workflow, exceptions are flagged, approvals are tracked, and audit trails link each item back to the original transactions. As a result, finance teams can shift from a hasty, last-minute scramble at month-end to a more proactive and insightful review process that is rich in context, fortified with controls, satisfying for auditors, and supportive of timely decision-making. This transformation not only boosts efficiency but also fosters a more strategic approach to finance management, ultimately enabling teams to focus on long-term financial planning and analysis. With Ledge, finance professionals can confidently manage their operations while ensuring compliance and enhancing their overall performance.

Media

Media

Integrations Supported

Adyen
Amazon Redshift
Braintree
CITI Unify
DocumentIQ
Google Cloud BigQuery
Google Sheets
J.P.Morgan Workplace Solutions
JMP Statistical Software
Microsoft Excel
NetSuite
Recurly
Redwood Reporting
SAP BPC
Sage 100
Silicon Valley Bank (SVB)
Snowflake
Stripe
Workday HCM
Zuora

Integrations Supported

Adyen
Amazon Redshift
Braintree
CITI Unify
DocumentIQ
Google Cloud BigQuery
Google Sheets
J.P.Morgan Workplace Solutions
JMP Statistical Software
Microsoft Excel
NetSuite
Recurly
Redwood Reporting
SAP BPC
Sage 100
Silicon Valley Bank (SVB)
Snowflake
Stripe
Workday HCM
Zuora

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

Ledge

Date Founded

2022

Company Location

United States

Company Website

www.ledge.co

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

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