CCH Tagetik vs Redwood Software - Finance Automation Edition comparison

Wolters Kluwer and Redwood Software are both solutions in the Financial Close Software category. Wolters Kluwer is ranked #7 with an average rating of 7.5, while Redwood Software is ranked #8 with an average rating of 8.5. Wolters Kluwer holds a 7.6% mindshare in FCS, compared to Redwood Software’s 2.8% mindshare. Additionally, 87% of Wolters Kluwer users are willing to recommend the solution, compared to 80% of Redwood Software users who would recommend it.

CCH Tagetik

Read 7 CCH Tagetik reviews

1,550 Views
496 Comparison Views

87% willing to recommend

Redwood Software - Finance ...

Read 3 Redwood Software - Finance Automation Edition reviews

657 Views
171 Comparison Views

80% willing to recommend

CCH Tagetik

Redwood Software - Finance ...

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Executive Summary

We performed a comparison between CCH Tagetik 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 CCH Tagetik vs. Redwood Software - Finance Automation Edition Report (Updated: July 2025).

Buyer's Guide

CCH Tagetik vs. Redwood Software - Finance Automation Edition

July 2025

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Helped 865,295 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

CCH Tagetik

Ranking in Financial Close Software

7th

Average Rating

7.8

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

Business Performance Management (7th)

Redwood Software - Finance ...

Ranking in Financial Close Software

8th

Average Rating

9.0

Reviews Sentiment

7.5

Number of Reviews

Ranking in other categories

Robotic Process Automation (RPA) (14th)

Mindshare comparison

As of August 2025, in the Financial Close Software category, the mindshare of CCH Tagetik is 7.6%, up from 6.6% compared to the previous year. The mindshare of Redwood Software - Finance Automation Edition is 2.8%, up from 2.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Financial Close Software

Featured Reviews

Julia Lupidii

Senior EPM Consultant at Solution BI France

User-friendly performance management with intuitive approach

I appreciate its user-friendliness, especially for business users who may not be very tech-savvy. In many organizations, there's a mix of IT professionals and business users with varying levels of technical expertise. One of the strengths of the solution includes a feature similar to SmartView, is that it allows users to work with Excel. Since Excel is a widely familiar tool, it reduces the learning curve and makes it more accessible to a broader audience within the organization. The workflow feature within the solution is particularly valuable. It simplifies complex processes into a step-by-step sequence, making it easy for users to follow along.

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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

"Has an APM, which deals with the details of data and has calculation functions included."

"I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Register, which benefits certain entities. The workflow feature is great, but it can become overly detailed and lacks clear guidance on design. The solution is good in terms of storage."

"The ability for integration and automatic loading from the Oracle system into CCH Tagetik is very valuable."

"The most valuable feature of CCH Tagetik is form creation."

"I appreciate its user-friendliness, especially for business users who may not be very tech-savvy."

"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 faced difficulties while uploading data."

"Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity."

"There is a need for improvement in the ability to generate all reports from one click, like both P&L and balance sheets, to be available together in Excel."

"The tool's major drawback is the ETL process, which is not up to par with other solutions."

"There is room for improvement, especially on the settings side of the solution."

"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."

"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

"The solution is quite expensive."

"The solution's pricing is affordable."

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

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Top Industries

By visitors reading reviews

Manufacturing Company

12%

Healthcare Company

10%

Retailer

Computer Software Company

Manufacturing Company

18%

Performing Arts

10%

Financial Services Firm

Computer Software Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

What do you like most about CCH Tagetik?

I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Reg...

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What is your experience regarding pricing and costs for CCH Tagetik?

I am not informed about pricing, but CCH Tagetik was chosen over HFM due to more comprehensive functionalities related to IFRS 17. For larger companies, pricing might be less important compared to ...

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What needs improvement with CCH Tagetik?

There is a need for improvement in the ability to generate all reports from one click, like both P&L and balance sheets, to be available together in Excel. It would also be helpful if the syste...

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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?

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...

See all answers

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Product Reports

Buyer's Guide

Business Performance Management

August 2025

Download CCH Tagetik product report

Buyer's Guide

Redwood Software - Finance Automation Edition

August 2025

Redwood Software - Finance Automation Edition report

Download Redwood Software - Finance Automation Edition product report

Also Known As

Tagetik

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

Overview

CCH Tagetik goes beyond basic CPM. By aligning financial and operational data in a unified platform, our software ensures you're working with a single version of the truth. The result is faster financial processes and a complete view of your entire organization.

Wolters Kluwer

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

Daimler, Randstad, Rabobank, Metro Group

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

Buyer's Guide

CCH Tagetik vs. Redwood Software - Finance Automation Edition

July 2025

Free Report: CCH Tagetik vs. Redwood Software - Finance Automation Edition

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

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