IBM Robotic Process Automation (RPA) vs Redwood Software - Finance Automation Edition comparison

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Executive Summary

We performed a comparison between IBM Robotic Process Automation (RPA) and Redwood Software - Finance Automation Edition based on real PeerSpot user reviews.

Find out what your peers are saying about UiPath, Automation Anywhere, Microsoft and others in Robotic Process Automation (RPA).
To learn more, read our detailed Robotic Process Automation (RPA) Report (Updated: November 2022).
655,113 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"If you have a business process, and once you have automated that process, you have a readily available workflow in place.""IBM Robotic Process Automation is very easy to use.""IBM Robotic Process Automation has greatly improved the organization by improving the speed of performance, as the speed of the robot is estimated to be 20 times faster than the human being.""The solution is scalability.""I like the integration with Watson and the possibility to have an intelligent reading of all the customers' documents.""The quality is great! It's very strong and has a very strong platform."

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"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."

More Redwood Software - Finance Automation Edition Pros →

Cons
"IBM should provide specific solutions for specific problems, like templates for invoicing processes, or general templates for creating efficient processes.""Stability could be better.""We would like a decreased need for customer support.""This RPA should be under the umbrella of BPM. This is what the future should be.""The time it takes for approvals, and risk analysis could be faster.""IBM Robotic Process Automation should be more stable."

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

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Pricing and Cost Advice
  • "IBM licensing is annual and based on Virtual Processor Cores (VPC). This provides flexibility as part of the containerization environment."
  • "The license is paid annually."
  • More IBM Robotic Process Automation (RPA) Pricing and Cost Advice →

  • "The licensing was purely based on the number of transactions being processed in production."
  • More Redwood Software - Finance Automation Edition Pricing and Cost Advice →

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    Use our free recommendation engine to learn which Robotic Process Automation (RPA) solutions are best for your needs.
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    Questions from the Community
    Top Answer:IBM Robotic Process Automation is very easy to use.
    Top Answer:Stability could be better. It also gets difficult with every new version of Java or every new version of Windows.
    Top Answer:We use RPA to test mainframe solutions because they never change.
    Top Answer: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.
    Top Answer: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… more »
    Top Answer: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… more »
    Ranking
    Views
    4,547
    Comparisons
    3,340
    Reviews
    6
    Average Words per Review
    591
    Rating
    8.7
    Views
    1,023
    Comparisons
    652
    Reviews
    1
    Average Words per Review
    1,116
    Rating
    10.0
    Comparisons
    Also Known As
    IBM RPA
    Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
    Learn More
    Overview

    IBM Robotic Process Automation (RPA) is a technology that encompasses the use of smart robots in any process requiring efficiency, consistency and speed, with no risk of mistakes. In a nutshell, RPA simulates a human user working.

    Today, it is possible to automate processes through the use of digital robots, or bots, which execute pre-programed, repetitive tasks in a safe and mistake free manner. There are literally thousands of opportunities for Robotic Process Automation to make an impact on your organization today, including: automatic invoice emission, system integration, information reconciliation, report generation, intelligent email management to lead generation, and many others.

    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.

    Offer
    Learn more about IBM Robotic Process Automation (RPA)
    Learn more about Redwood Software - Finance Automation Edition
    Sample Customers
    The Hanover Insurance Group
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company22%
    Comms Service Provider16%
    Financial Services Firm11%
    Government8%
    VISITORS READING REVIEWS
    Computer Software Company28%
    Energy/Utilities Company9%
    Financial Services Firm9%
    Comms Service Provider9%
    Company Size
    REVIEWERS
    Small Business36%
    Midsize Enterprise7%
    Large Enterprise57%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise17%
    Large Enterprise63%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise19%
    Large Enterprise63%
    Buyer's Guide
    Robotic Process Automation (RPA)
    November 2022
    Find out what your peers are saying about UiPath, Automation Anywhere, Microsoft and others in Robotic Process Automation (RPA). Updated: November 2022.
    655,113 professionals have used our research since 2012.

    IBM Robotic Process Automation (RPA) is ranked 10th in Robotic Process Automation (RPA) with 6 reviews while Redwood Software - Finance Automation Edition is ranked 14th in Robotic Process Automation (RPA) with 1 review. IBM Robotic Process Automation (RPA) is rated 8.6, while Redwood Software - Finance Automation Edition is rated 10.0. The top reviewer of IBM Robotic Process Automation (RPA) writes "Once you have automated a business process it offers a readily available workflow ". On the other hand, the top reviewer of Redwood Software - Finance Automation Edition writes "Out-of-the-box modules help to save time in development and reduce human error". IBM Robotic Process Automation (RPA) is most compared with UiPath, Automation Anywhere (AA), Microsoft Power Automate, Blue Prism and IPsoft 1RPA, whereas Redwood Software - Finance Automation Edition is most compared with UiPath, Blue Prism, BlackLine, Automation Anywhere (AA) and OpenText Magellan AI-Augmented Capture.

    See our list of best Robotic Process Automation (RPA) vendors.

    We monitor all Robotic Process Automation (RPA) reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.