This is a tricky question, but certainly, some improvements are definitely needed in the template-based approach and modularity of design. Mapping the process steps to an existing R2R process quickly would be a definite step forward. Testing, logging, and reporting accurately on a dashboard for any issues during execution will help to identify issues early. As the RUN DATES are only two to five days every month, identifying issues and fixing them should be quick and easy. Compliance is a major factor, as financial processes are always on compliance audit for issues in processing critical financial data and legal ramifications.
Learn what your peers think about Redwood Software - Finance Automation Edition. Get advice and tips from experienced pros sharing their opinions. Updated: October 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.
This is a tricky question, but certainly, some improvements are definitely needed in the template-based approach and modularity of design. Mapping the process steps to an existing R2R process quickly would be a definite step forward. Testing, logging, and reporting accurately on a dashboard for any issues during execution will help to identify issues early. As the RUN DATES are only two to five days every month, identifying issues and fixing them should be quick and easy. Compliance is a major factor, as financial processes are always on compliance audit for issues in processing critical financial data and legal ramifications.