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What is Xenett?

Xenett is a cutting-edge software solution driven by artificial intelligence, specifically created to automate financial closing and accounting workflows, which assists accounting teams, bookkeepers, and financial professionals in optimizing their month-end closing procedures while improving precision. By automatically scrutinizing accounting information, Xenett detects discrepancies and mistakes, significantly reducing the necessity for manual examinations and lessening the risk of financial errors. It boasts a robust workflow management system that encompasses task assignments, progress tracking, collaboration features, and customizable dashboards, offering users real-time visibility into the progression of their closing processes. Furthermore, Xenett integrates smoothly with popular accounting platforms like QuickBooks Online and Xero, facilitating effortless data synchronization and automated reconciliations. This adaptable solution is well-equipped to accommodate multiple clients and entities, making it an excellent option for firms and businesses of diverse sizes. With sophisticated reporting features, AI-driven error detection, and a secure collaborative environment, Xenett greatly enhances accuracy and accountability in accounting and financial closing activities. In addition, its intuitive interface allows users to navigate the software with ease, thereby maximizing productivity and effectiveness in their financial responsibilities. As businesses continue to evolve, the role of innovative tools like Xenett in streamlining operations becomes increasingly vital.

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.

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Integrations Supported

QuickBooks Online
Redwood Reporting
SAP BPC
Xero

Integrations Supported

QuickBooks Online
Redwood Reporting
SAP BPC
Xero

API Availability

Has API

API Availability

Has API

Pricing Information

$7.50/month
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

Xenett

Date Founded

2020

Company Location

United States

Company Website

www.xenett.com

Company Facts

Organization Name

Redwood Software

Date Founded

1992

Company Location

United States

Company Website

www.redwood.com/solutions/finance-automation/record-to-report/

Categories and Features

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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