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 company with many transactions, we get a discounted rate. Initially, it was challenging because few of our processes were ready for automation. But as we stabilized, documented, and automated processes, the value increased significantly. We've reached a break-even point after two years, and it's much better now in terms of value for money.
The pricing depends on how much the usage is. So, it is not a fixed cost. It is dependent on the agreement you make with this solution. So it is totally dependent on the use case of your organization and, with respect to those resources, how much budget we are allocated. So, defining it as a bit cheaper or expensive will not justify the price impact process. For me, it is worth the money.
To an extent, there is a definite cost involved in terms of setting up the right infrastructure and the licensing model. This needs a good discussion on the licensing and pricing model, which can be worked out for the larger benefit of the enterprise. The licensing was purely based on the number of transactions being processed in production.
Learn what your peers think about Redwood Software - Finance Automation Edition. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
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.
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 company with many transactions, we get a discounted rate. Initially, it was challenging because few of our processes were ready for automation. But as we stabilized, documented, and automated processes, the value increased significantly. We've reached a break-even point after two years, and it's much better now in terms of value for money.
The pricing depends on how much the usage is. So, it is not a fixed cost. It is dependent on the agreement you make with this solution. So it is totally dependent on the use case of your organization and, with respect to those resources, how much budget we are allocated. So, defining it as a bit cheaper or expensive will not justify the price impact process. For me, it is worth the money.
To an extent, there is a definite cost involved in terms of setting up the right infrastructure and the licensing model. This needs a good discussion on the licensing and pricing model, which can be worked out for the larger benefit of the enterprise. The licensing was purely based on the number of transactions being processed in production.