INTELLIBOT vs Redwood Software - Finance Automation Edition comparison

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Executive Summary

We performed a comparison between INTELLIBOT and Redwood Software - Finance Automation Edition based on real PeerSpot user reviews.

Find out in this report how the two Robotic Process Automation (RPA) solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed INTELLIBOT vs. Redwood Software - Finance Automation Edition Report (Updated: March 2024).
765,234 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
"The replay of the automation is an awesome feature.""It is a stable product. We have been using it for 15 months now, and there have been no issues.""This solution is easy to use and requires little coding knowledge.""The return on investment is pretty good because the license cost is cheaper than other RPA tools in the market.""I have found the most valuable feature to be the straightforward visual editor, it has close to no code required. It allowed us to deploy the email monitoring in this couple of weeks.""For machine learning, there is an in-built document and text classification feature in INTELLIBOT. That is unlike other RPA tools where one needs to procure a separate license. Besides this, the application is easy to use. One valuable feature is the drag-and-drop feature for AI and email intelligence. It is easier than using UiPath's IQ bot.""There's a helpful community available through the portal."

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"So the best thing is ease of use.""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.""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."

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Cons
"I would like to see the cognitive marketing platform improved.""The first pain point of INTELLIBOT was with the development. Whenever the company developed any command, they published it directly onto their SQL site, and our current automation got auto-updated. The second pain point was with the action set. It could be stronger. Moreover, if I am doing UiPath automation, I have to do it with the Internal Report for now.""The solution is heavily dependant on scripts, such as JavaScript or any other external script that needs to be a part of the system. If they want to grow, the scripting dependency should go away. They should have built-in libraries to pull in work from.""Has limited functionality and uses extensive resources.""The trigger actions need to be more robust.""Currently, there are not many documents available on Google that explain each activity and how to use it or how to use the parameters and pass values.""A couple of times, we noticed that some bugs caused the bot to go in the wrong flow."

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

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Pricing and Cost Advice
  • "INTELLIBOT with the DPA costs approximately $1,500 USD."
  • "The solution requires a license and we purchased one annually. We were satisfied with the price."
  • "At the time, one license was $5,000 USD. If we needed to negotiate for more licenses, we could negotiate a bit on the price."
  • "It is quite cheap. In the year 2019, it was $1000 for a year."
  • More INTELLIBOT 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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    Questions from the Community
    Top Answer:The return on investment is pretty good because the license cost is cheaper than other RPA tools in the market.
    Top Answer:It is quite cheap. In the year 2019, it was $1000 for a year.
    Top Answer:Exception handling activities within INTELLIBOT need to improve. While working with the platform, there were instances where the bot went to a different flow than intended, even when it was supposed… more »
    Top Answer: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… more »
    Top Answer: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… more »
    Top Answer: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… more »
    Ranking
    Views
    741
    Comparisons
    292
    Reviews
    5
    Average Words per Review
    599
    Rating
    7.0
    Views
    515
    Comparisons
    342
    Reviews
    1
    Average Words per Review
    893
    Rating
    9.0
    Comparisons
    Also Known As
    Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
    Learn More
    Overview

    Intellibot is a powerful RPA Platform that is designed to simplify the lifecycle of RPA deployments at every step of the process. Speed, reliability, ease of use and extensibility are at the heart of the platform architecture. Intellibot incorporates many next generation features that enable it to deliver on even the most complex RPA projects.

    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.

    Sample Customers
    Information Not Available
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company26%
    Financial Services Firm15%
    Manufacturing Company9%
    Energy/Utilities Company8%
    VISITORS READING REVIEWS
    Financial Services Firm18%
    Energy/Utilities Company16%
    Computer Software Company9%
    Manufacturing Company5%
    Company Size
    REVIEWERS
    Small Business43%
    Large Enterprise57%
    VISITORS READING REVIEWS
    Small Business13%
    Midsize Enterprise11%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise9%
    Large Enterprise73%
    Buyer's Guide
    INTELLIBOT vs. Redwood Software - Finance Automation Edition
    March 2024
    Find out what your peers are saying about INTELLIBOT vs. Redwood Software - Finance Automation Edition and other solutions. Updated: March 2024.
    765,234 professionals have used our research since 2012.

    INTELLIBOT is ranked 18th in Robotic Process Automation (RPA) with 7 reviews while Redwood Software - Finance Automation Edition is ranked 17th in Robotic Process Automation (RPA) with 3 reviews. INTELLIBOT is rated 7.0, while Redwood Software - Finance Automation Edition is rated 9.0. The top reviewer of INTELLIBOT writes "Has limited functionality, logging uses extensive resources; automation replay is great". On the other hand, the top reviewer of Redwood Software - Finance Automation Edition writes "User-friendly and enables automation in finance, HR, and SDM". INTELLIBOT is most compared with UiPath and Microsoft Power Automate, whereas Redwood Software - Finance Automation Edition is most compared with UiPath, BlackLine, Blue Prism, Blue Prism Cloud and Automation Anywhere (AA). See our INTELLIBOT vs. Redwood Software - Finance Automation Edition report.

    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.