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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 Lucanet?

Lucanet enables contemporary CFOs to navigate their roles effortlessly. Our pre-configured, user-friendly solutions enhance financial reporting and processes, resulting in exceptional efficiency and precision. With the confidence of more than 5,000 businesses worldwide, Lucanet provides finance departments with data that meets compliance standards and smart workflows that support informed decision-making. Our team of over 800 dedicated professionals within Lucanet is committed to the ongoing enhancement of our offerings and your success. Alongside our extensive global partner network, we offer localized expertise and continuous support to help you tap into the strategic capabilities of your finance team. No matter the difficulties you encounter in areas like consolidation, financial planning, ESG reporting, or international tax issues, Lucanet stands ready to deliver intelligent solutions with quick results. We invite you to reach out and explore how we can assist you in streamlining your daily operations, obtaining data-driven insights, and making impactful choices that benefit your organization’s future. By working together, we can transform the way you approach financial management.

Media

Media

Integrations Supported

ContractHero
Redwood Reporting
SAP BPC

Integrations Supported

ContractHero
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

Lucanet

Date Founded

1999

Company Location

Germany

Company Website

www.lucanet.com/en/

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

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