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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 Qvalia?

Qvalia is an all-encompassing platform specifically tailored for finance teams, empowering them to streamline their workflows while retaining complete visibility over transactions and financial data. Our solutions improve both accounts receivable and accounts payable functions, featuring tools like instant spend analytics and automated accounting that drills down to the line-item level. Users can seamlessly incorporate our services, which are offered with a transaction-based pricing structure and an easy one-month cancellation option. The Qvalia Autobilling feature transforms accounts receivable by offering a B2B checkout widget for e-commerce, alongside capabilities for automated invoicing, reconciliation, and reminders. Centralize all your transaction management processes in one location to enhance efficiency. Leverage the global e-invoice network PEPPOL or send e-invoices in PDF format at no additional charge. Furthermore, our platform simplifies the administration of subscriptions and recurring billing, facilitating a smoother order-to-cash cycle and boosting B2B e-commerce sales. Begin your digital transformation journey in finance operations, ensuring that every supplier invoice is processed electronically with our PDF Converter tool. By utilizing Qvalia, your team can revolutionize its approach to managing financial data and transactions, resulting in improved efficiency and effectiveness. This transformation not only benefits internal processes but also enhances the organization’s overall financial strategy.

Media

Media

Integrations Supported

Redwood Reporting
SAP BPC

Integrations Supported

Redwood Reporting
SAP BPC

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

€50 per 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

Qvalia

Company Location

Sweden

Company Website

qvalia.com

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

Accounts Receivable

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

Billing and Invoicing

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Procure to Pay

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

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

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