AutomationEdge vs Redwood Software - Finance Automation Edition comparison

AutomationEdge and Redwood Software are both solutions in the Robotic Process Automation (RPA) category. AutomationEdge is ranked #25 with an average rating of 7.0, while Redwood Software is ranked #13 with an average rating of 8.0. AutomationEdge holds a 1.2% mindshare in RPA, compared to Redwood Software’s 1.2% mindshare. Additionally, 88% of AutomationEdge users are willing to recommend the solution, compared to 80% of Redwood Software users who would recommend it.

AutomationEdge

Read 16 AutomationEdge reviews

957 Views
928 Comparison Views

88% willing to recommend

Redwood Software - Finance ...

Read 3 Redwood Software - Finance Automation Edition reviews

919 Views
662 Comparison Views

80% willing to recommend

AutomationEdge

Redwood Software - Finance ...

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 4, 2024

Redwood Software and AutomationEdge compete in finance automation. Redwood leads in user satisfaction for pricing and support, while AutomationEdge edges ahead with feature robustness.

Features: Redwood Software focuses on process automation and seamless integration within financial systems. It supports task automation, integration with ERP systems, and robust reporting capabilities. AutomationEdge offers advanced AI-driven processes, extensive IT service management, and a broader suite of automation capabilities, including intelligent chatbots, cognitive document processing, and comprehensive workflow automation.

Ease of Deployment and Customer Service: AutomationEdge provides a user-friendly deployment model, scalable solutions, and strong customer service, making adoption faster. Redwood Software offers effective deployment but falls short compared to AutomationEdge in terms of comprehensive customer service support.

Pricing and ROI: Redwood Software provides a competitive setup cost, aligning with transparent ROI expectations, making it suitable for budget-conscious organizations. AutomationEdge, though having a higher initial cost, offers significant ROI due to its expansive feature set, catering to businesses with complex automation needs.

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

Buyer's Guide

AutomationEdge vs. Redwood Software - Finance Automation Edition

December 2025

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Helped 881,114 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

AutomationEdge

Ranking in Robotic Process Automation (RPA)

25th

Average Rating

7.6

Reviews Sentiment

6.2

Number of Reviews

Ranking in other categories

No ranking in other categories

Redwood Software - Finance ...

Ranking in Robotic Process Automation (RPA)

13th

Average Rating

9.0

Reviews Sentiment

7.5

Number of Reviews

Ranking in other categories

Financial Close Software (10th)

Mindshare comparison

As of January 2026, in the Robotic Process Automation (RPA) category, the mindshare of AutomationEdge is 1.2%, up from 0.9% compared to the previous year. The mindshare of Redwood Software - Finance Automation Edition is 1.2%, up from 0.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Robotic Process Automation (RPA) Market Share Distribution
Product	Market Share (%)
Redwood Software - Finance Automation Edition	1.2%
AutomationEdge	1.2%
Other	97.6%

Robotic Process Automation (RPA)

Featured Reviews

Jajati Panda

Software Engineer at Apmosys

Delivers increased productivity and streamlines fraud processing in banking, though technical support could be faster

Before AutomationEdge, we had to hire coder-level experts with Java or Python knowledge. This approach took considerable time and required error handling to automate processes. With this tool, all processes are automatically handled with errors, and no-code automation is available. The cost for a developer is now significantly lower. Previously, we hired highly efficient developers with high salary packages. The license cost of 5 to 10 lakhs per year for one person to automate is equivalent to a person's annual salary. With the license and a developer hired at 3 to 5 lakhs, we can automate 40 to 50 processes.

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Ram Chenna

Enterprise Architect at a consultancy with 10,001+ employees

Single bot now replaces five associates who previously handled finance processes and eliminates manual errors

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 postings, I would like to leverage a generative AI model. This would allow me to type a query or question directly to the bot, and it would retrieve the information I need. For example, I could ask for the number of invoices, the status of specific invoices, or any other relevant data. Currently, we achieve this by building our own Finance model. So, integrating a pre-built finance model with the tool would be much easier and more efficient for reporting purposes. We're looking at several potential uses for this AI model. It could empower various user groups, including regular finance executives, customers, and even vendors to submit queries. Additionally, our leadership team is interested in using the AI model to generate reports directly on the Redwood dashboard. This functionality could potentially replace the need for BSpoke Solutions and the manual generation of BSpoke reports, streamlining the entire reporting process.

Read full review

Quotes from Members

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

Pros

"AutomationEdge is really easy to use because the workflows are simple."

"The product's most valuable feature is the executor."

"It is a valuable tool for developing efficient solutions, especially in finance and banking."

"The studio design is fine compared to other similar products. There is nothing extraordinary about it, but at the same time, there are not any negatives."

"We can quickly adapt to our end users."

"The ability to automate our processes with external plug-ins and zero code is the most valuable feature."

"Stability-wise, I rate the solution a nine out of ten...I rate the technical support of the solution a nine out of ten."

"The staff went above and beyond to make sure our stay was perfect, even surprising us with a complimentary dessert to celebrate our anniversary."

More AutomationEdge pros

"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."

"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."

Cons

"The price of the solution could be improved."

"In the future, they should have a similar version for the cloud and on-premises, and the installation should be flawless within few minutes."

"With other automation solutions in the market, we can simulate the process in our notebooks where the solution creates the code for us, but with AutomationEdge we can't do this."

"Regarding stability and reliability, AutomationEdge is mid-range. When compared with other tools such as Automation Anywhere and UIPath, they are more stable than AutomationEdge."

"The ease of use is the main thing on which they really have to focus. If they want to go against the giants, it should be improved in ease of use, and it should be more user-friendly. It would be helpful because everyone should be empowered irrespective of whether they know how to code or not. They should enhance its user interface and make it more intuitive."

"It's not an intuitive tool."

"AutomationEdge's ecosystem has shortcomings and needs improvement. When we compare AutomationEdge to other RPA tools in our company, we find that it has a very minor online community."

"The installation process could improve. It was difficult to complete."

More AutomationEdge cons

"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."

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

"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."

Pricing and Cost Advice

"The licensing for this solution should have a more competitive pricing model. The price is in the top five of similar products."

"I give the price of the solution a nine out of ten."

"Price-wise, AutomationEdge is pretty affordable, making it not so expensive when you compare this with other tools in the market."

"If you are looking for a budget solution, you can consider AE. It has all the features. Scaling it is way easier because of the cost itself."

"The product is available at the lowest price."

"Pricing can be made better. Currently, I think the pricing is based on the market. The pricing also depends on the business partners that offer you the solution."

"It is expensive but its value can justify the cost."

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

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Top Industries

By visitors reading reviews

Computer Software Company

13%

Media Company

10%

Healthcare Company

10%

Performing Arts

Manufacturing Company

20%

Performing Arts

13%

Financial Services Firm

University

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

By reviewers
Company Size	Count
Small Business	12
Midsize Enterprise	1
Large Enterprise	3

No data available

Questions from the Community

What is your experience regarding pricing and costs for AutomationEdge?

I rate AutomationEdge's pricing as a six to seven. It is expensive but its value can justify the cost.

See all answers

What needs improvement with AutomationEdge?

In AutomationEdge, I think there could be improvements. I have not used it in maybe two months, but in the past, you needed to put code JavaScript or similar programming languages. The variables so...

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What is your primary use case for AutomationEdge?

My use cases for AutomationEdge include using two automations in my actual employment or company. I use it to create a user in the Active Directory. I create a website, and the user fills out the f...

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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...

See all answers

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?

See all answers

Comparisons

Automation Anywhere vs AutomationEdge

Compared 31% of the time

UiPath Platform vs AutomationEdge

Compared 30% of the time

Microsoft Power Automate vs AutomationEdge

Compared 17% of the time

Blue Prism vs AutomationEdge

Compared 12% of the time

BotFarm vs AutomationEdge

Compared 10% of the time

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Fortra's Automate vs Redwood Software - Finance Automation Edition

Compared 13% of the time

BlackLine vs Redwood Software - Finance Automation Edition

Compared 11% of the time

SAP Intelligent RPA vs Redwood Software - Finance Automation Edition

Compared 9% of the time

UiPath Platform vs Redwood Software - Finance Automation Edition

Compared 7% of the time

Tungsten RPA vs Redwood Software - Finance Automation Edition

Compared 6% of the time

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Product Reports

Buyer's Guide

AutomationEdge

January 2026

Download AutomationEdge product report

Buyer's Guide

Redwood Software - Finance Automation Edition

January 2026

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

AutomationEdge is an Intelligent Robotic Process Automation product which comes bundled with key essential technologies for automation of front office, middle office, back office and IT operations.
AutomationEdge provides Chatbots, Intelligent Automation bots, AI and Machine Learning capabilities that help clients reduce costs, improve response time, grow business and achieve compliance. AutomationEdge provides ready Bots and development environment to build new Bots.

AutomationEdge

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

Smart Dubai Government (SDG)

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

Buyer's Guide

AutomationEdge vs. Redwood Software - Finance Automation Edition

December 2025

Free Report: AutomationEdge vs. Redwood Software - Finance Automation Edition

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

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