Accelerate manual month-end close activities with record to report (R2R) automation
Optimize your financial close with comprehensive R2R automation. Transform your accruals, provisions, reconciliations and more into seamless, touchless operations with SAP ERP, SAP S/4HANA Cloud Private Edition, SAP Datasphere, and SAP BW/4HANA integration. A partner that is a member of SAP’s curated startup ecosystem.
Overview
Accelerate close cycles to see dramatic reductions in time and boost efficiency
Transform key finance operations with automation including accruals, provisions, IFRS reconciliations and more. Streamline your financial close with SAP ERP integration, ensuring compliance and governance with minimal manual effort. Achieve faster close cycles and enhance accuracy across all accounting processes.
Reduce operational costs with streamlined financial tasks
Eliminate up to 70 percent of manual reconciliation, saving hundreds of hours with balance-level rules and automated line-item exception reviews. Achieve unprecedented record to report efficiency and accuracy.
Automate and streamline intercompany tasks eliminating majority of manual effort
Streamline intercompany processes with automation, reducing manual effort significantly. Our solution auto-reconciles transactions, applying rules for unmatched items to ensure accuracy and efficiency, freeing your team for higher-value tasks.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry
Compatibility
Works with
This product is compatible with or enhances the functionality of these SAP solutions but doesn't require them.
Features
Leverage integration capability of underlying ERP systems data and metadata
Streamline journal entry processes to automate the entire preparation-to-approval process, focusing only on necessary manual approvals for enhanced efficiency and accuracy. This approach ensures seamless integration with ERP data significantly reducing manual effort and improving process efficiency.
SAP ERP integration to ensure a clean core
Leverage standard APIs and SAP t-codes to work with live ERP data in real-time. Extract, calculate, and seek required approvals using built-in and easy-to-configure automation. Integrate with the broader SAP ecosystem, including SAP S/4HANA and SAP Ariba.
Automate your financial close tasks with greater visibility
Dashboard-like view of the period close. View real-time status overviews and visual progress of every business process end-to-end in a single window. Empower and inform stakeholders with built-in BPM and clear dashboards for faster decision-making.
Plans and pricing
All plans include:
- 24x7 Phone Support
- Onboarding and Training
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- Record to report (R2R) process automation
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- Price per company code
- Minimum 30 company codes required
- Record to report (R2R) process automation
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Technical Information
Technical details
| Solution type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Cross-Industry |
| Works with |
|
Deployment and operations
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
|
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Security and compliance
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Security |
|
| Compliance |
|
| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
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Resources
Master the Touchless Close Whitepaper
Arla Automates 98 Percent of Close Processes
Allianz Germany Automates 90 Percent of Finance Processes, Reducing Manual Effort By 70%
Publisher
Redwood Technology B.V.
Redwood Software is the leader in full stack automation for mission-critical business processes. With the first SaaS-based composable automation platform specifically built for ERP, we believe in the transformative power of automation. Our unparalleled solutions empower you to orchestrate, manage and monitor your workflows across any application, service or server – in the cloud or on premise – with confidence and control. Redwood’s global team of automation experts and customer success engineers provide solutions and world-class support designed to give you the freedom to imagine your future.
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