OneStream XF vs Redwood Software - Finance Automation Edition comparison

OneStream and Redwood Software are both solutions in the Financial Close Software category. OneStream is ranked #6 with an average rating of 10.0, while Redwood Software is ranked #10 with an average rating of 8.5. OneStream holds a 4.7% mindshare in FCS, compared to Redwood Software’s 2.1% mindshare. Additionally, 100% of OneStream users are willing to recommend the solution, compared to 80% of Redwood Software users who would recommend it.

OneStream XF

Read 3 OneStream XF reviews

338 Views
226 Comparison Views

100% willing to recommend

Redwood Software - Finance ...

Read 3 Redwood Software - Finance Automation Edition reviews

140 Views
100 Comparison Views

80% willing to recommend

OneStream XF

Redwood Software - Finance ...

Comparison Buyer's Guide

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Executive Summary

We performed a comparison between OneStream XF and Redwood Software - Finance Automation Edition based on real PeerSpot user reviews.

Find out in this report how the two Financial Close Software solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.

To learn more, read our detailed OneStream XF vs. Redwood Software - Finance Automation Edition Report (Updated: March 2025).

Buyer's Guide

OneStream XF vs. Redwood Software - Finance Automation Edition

March 2025

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Helped 846,617 peers since 2012

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Categories and Ranking

OneStream XF

Ranking in Financial Close Software

6th

Average Rating

10.0

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

Business Performance Management (9th)

Redwood Software - Finance ...

Ranking in Financial Close Software

10th

Average Rating

9.0

Reviews Sentiment

7.5

Number of Reviews

Ranking in other categories

Robotic Process Automation (RPA) (15th)

Mindshare comparison

As of April 2025, in the Financial Close Software category, the mindshare of OneStream XF is 4.7%, up from 3.7% compared to the previous year. The mindshare of Redwood Software - Finance Automation Edition is 2.1%, up from 1.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Financial Close Software

Featured Reviews

AndyJorgensen

Chief Revenue Officer at a computer software company with 51-200 employees

Combines consolidations, planning, and forecasting into a single platform, eliminating the need for multiple products and streamlining data management

There's always stuff on the drawing board, and there's an arms race going on in the AI space. It's too soon to pick a winner between OneStream and Oracle. OneStream's smaller, so maybe they're more nimble, but Oracle has more resources. AI is where I see the most innovation and progress, but it's not fully developed yet. The other thing is that there are probably little things in the UI and overall processes that could be made easier to use. But there's nothing so consequential that it ruins your experience. It's more about tweaking and streamlining certain processes within the system.

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Amarjeet Kamble

Senior Manager at a financial services firm with 10,001+ employees

User-friendly and enables automation in finance, HR, and SDM

There is room for improvement, considering no tools having everything inside it is right. So the room for balancing improvement lies in automation enhancement with respect to the feature areas, considering dealing directly with Excel and reviewing it to do some additional stuff for it in the end system so that reading the right thing, picking up the values, and everything. Right now, you can do it with a little bit of custom scripting in addition to eight. But rather than custom scripting, if we can have a direct feature integrated inside this tool, it will be a major achievement. So, it already has that capability, as you can do custom scripting, and you can go ahead with creating your own. But the direct functions are not available. That's where we are lagging behind. However, importing the values or importing the service can be achieved. So, that is where I can see the room for improvement. In this particular area, the entire system can be improved.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"We were with Oracle previously. With Oracle, you have to buy a different piece of software for every business process. If you want to do budgeting, that's a product. If you want to do consolidation, that's a product. If you want to do BI type of work, that's yet another product. So, you end up buying a lot of software from Oracle. With OneStream, it is a little different. It is a platform where you can do all those things, and you can do them with just one software purchase and then you just pay for users on it."

"It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership."

"The product's most valuable feature is extensibility."

"The out-of-the-box finance modules within the Redwood Finance framework help to speed up the process, versus designing and writing generic BOT code."

"So the best thing is ease of use."

"Redwood has a great feature where it logs every transaction. So, at any point, we can see every step taken for each transaction. It creates an audit trail of the entire process execution. It is a really good feature. This eliminates the need for extra coding or report generation. The audit report is readily available within the tool itself."

Cons

"We should be able to download the data in the same format we upload it."

"AI is where I see the most innovation and progress, but it's not fully developed yet."

"Currently, they only support one browser, and it would be good if you could use it on Chrome, Firefox, etc. It is a little frustrating that you can only use a certain Microsoft browser. They're pretty tightly aligned with Microsoft. So, I can see the reasons for it."

"would like to see AI integration for automation in future releases. Post-automation, I envision a generative AI model. If I could ask the bot questions like the number of invoices or their current status, it should be able to provide answers directly."

"Mapping the process steps to an existing R2R process quickly would be a definite step forward."

"The room for balancing improvement lies in automation enhancement with respect to the feature areas, considering dealing directly with Excel and reviewing it to do some additional stuff for it in the end system so that reading the right thing, picking up the values, and everything."

Pricing and Cost Advice

"They price it by the user. Before discounting, it is 2,500 or something like that."

"The product has a license by the user. They're on par with other competitors."

"The licensing is expensive."

"The licensing was purely based on the number of transactions being processed in production."

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Top Industries

By visitors reading reviews

Educational Organization

16%

Computer Software Company

10%

Manufacturing Company

10%

Financial Services Firm

18%

Computer Software Company

12%

Manufacturing Company

10%

Insurance Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

Seeking lightweight open source BI software

I advise you to try OneStream. This is a very good platform focused on reporting, consolidation and budgeting & forecasting.

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What do you like most about OneStream XF?

It offers great ease of use. This impacts not only the end-user experience but also the administrator's, which affects the total cost of ownership.

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What is your experience regarding pricing and costs for OneStream XF?

The product has a license by the user. They're on par with other competitors. One thing to consider is their relationship with Microsoft. They often push customers towards Azure, and Azure can get ...

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What do you like most about Redwood Business Process Automation - Finance Edition?

Redwood has a great feature where it logs every transaction. So, at any point, we can see every step taken for each transaction. It creates an audit trail of the entire process execution. It is a r...

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What is your experience regarding pricing and costs for Redwood Business Process Automation - Finance Edition?

The pricing is very client-specific. It's not a one-size-fits-all price. They don't have a single price for everyone. It's based on the client and the number of transactions. As Vodafone, a large c...

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What needs improvement with Redwood Business Process Automation - Finance Edition?

Everything seems to be working well. However, I see value in integrating AI for automation. So, I would like to see AI integration for automation in future releases. Ideally, after I perform postin...

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Comparisons

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Compared 23% of the time

Oracle HFM vs OneStream XF

Compared 16% of the time

BlackLine vs OneStream XF

Compared 12% of the time

CCH Tagetik vs OneStream XF

Compared 10% of the time

IBM Planning Analytics vs OneStream XF

Compared 9% of the time

More OneStream XF Competitors

BlackLine vs Redwood Software - Finance Automation Edition

Compared 75% of the time

UiPath vs Redwood Software - Finance Automation Edition

Compared 25% of the time

More Redwood Software - Finance Automation Edition Competitors

Product Reports

Buyer's Guide

Business Performance Management

April 2025

Download OneStream XF product report

Buyer's Guide

Redwood Software - Finance Automation Edition

March 2025

Redwood Software - Finance Automation Edition report

Download Redwood Software - Finance Automation Edition product report

Also Known As

No data available

Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation

Overview

Financial Close, Consolidation and Reporting
Automate the financial close; reduce time waiting for data loads and refreshing of reports throughout the month. Access accurate and secure financial and operational information from any data source.

OneStream

The volume of repetitive, manual tasks across finance is overwhelming – every day or at the end of every month, quarter or year. Redwood’s finance automation reduces that unnecessary and time-consuming manual effort. We know because our customers tell us that our finance automation solution helps them achieve a much higher degree of back-office process automation compared with alternatives.

Redwood Software

Sample Customers

Fruit of the loom, Melrose, AAA, Valeo Foods

ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,

Buyer's Guide

OneStream XF vs. Redwood Software - Finance Automation Edition

March 2025

Free Report: OneStream XF vs. Redwood Software - Finance Automation Edition

Find out what your peers are saying about OneStream XF vs. Redwood Software - Finance Automation Edition and other solutions. Updated: March 2025.

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