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Kofax RPA vs Redwood Software - Finance Automation Edition comparison

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Executive Summary

We performed a comparison between Kofax RPA 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 Kofax RPA vs. Redwood Software - Finance Automation Edition report (Updated: September 2022).
633,572 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
"It is stable and scalable.""It is very simple and easy to learn compared to any other RPA tools such as UiPath, Automation Anywhere and Blue Prism.""The pricing of the solution is quite good.""The flexibility to use already-developed components is really good. You can use it for Excel-related operations and other things.""The ability to script information from websites is most valuable. It also seems to be fairly robust and reasonably easy to manage on a server-based deployment. We have a number of robots operating on the central server.""Provides valuable tools working in integration with RPA tools.""The most valuable feature of Kofax RPA is the simplicity of automating tasks.""The most valuable features are workflow and process automation."

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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
"There is really nothing special about the capabilities of this product.""Kofax RPA could improve web-based automation and there should be a choice of what browser we can use, such as Google Chrome, instead of an inbuilt browser from Kofax RPA. Additionally, Kofax RPA is missing an orchestrator that other solutions have, such as UiPath.""Automation with the latest websites is not effective. The support of newer websites developed using new technologies would improve this solution.""We are on version 10.6, and the current version seems to be 11. Kofax is cycling the capabilities of the product very quickly. One of the difficulties has been to actually keep up with the capabilities as they've evolved. On the one hand, it is good that the product is getting better, but on the other hand, it is difficult to implement the best way with a product that is evolving constantly.""Its documentation is not widely available on the web. They should work on the availability of its documentation. In Automation Anywhere, there is a feature called Discovery Bot that automatically records the process steps and suggests a possible bot. I am not sure if such a feature is available in Kofax. If it is not available, it will be very good to have this feature. ""The product needs more AI capabilities.""I would like to see them further enhance the OCR, specifically in the multi-language support.""Exception handling needs to be improved."

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

More Redwood Software - Finance Automation Edition Cons →

Pricing and Cost Advice
  • "Price is not a problem, because they are a competitor and we have a special rate."
  • "I don't have complete insight at this point in time, but I would guess that Kofax is a lot less expensive than Automation Anywhere. I would expect its license to be on a yearly basis."
  • "Its pricing is reasonable given the product capabilities. Kofax has a wide range of products, and it can sometimes be confusing to understand which capabilities come with which product set. One of the key facets that we've been looking into recently is cognitive document recognition that was a core pile of some of their other technologies such as Kofax transformation modules (KTM)."
  • "Kofax's prices are pretty reasonable."
  • "There is a standard license needed to use Kofax RPA and the price is reasonable."
  • More Kofax 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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    Questions from the Community
    Top Answer:It is very simple and easy to learn compared to any other RPA tools such as UiPath, Automation Anywhere and Blue Prism.
    Top Answer:Automation with the latest websites is not effective. The support of newer websites developed using new technologies would improve this solution. The Java and Windows application automation could also… more »
    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
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    Comparisons
    6,892
    Reviews
    8
    Average Words per Review
    466
    Rating
    7.5
    Views
    994
    Comparisons
    654
    Reviews
    1
    Average Words per Review
    1,116
    Rating
    10.0
    Comparisons
    Also Known As
    Kofax Kapow, Kapow
    Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
    Learn More
    Overview

    Eliminate Errors by Automating Data Gathering and Input

    Reduce error-prone, manual data entry and complete processes the same way, every time, resulting in more accurate, reliable outcomes. Automate virtually any activity that involves accessing and acting on information.

    Increase Operational Efficiency with Intelligent Software Robots

    Streamline the collection of important business data so you can stop draining your budget and resources. Infuse speed, intelligence, efficiency and quality into your business processes while freeing up your employees for more valuable work.

    Lower Development Costs without the Need for Coding

    Develop robotic automation processes to automatically run complex integrations and access any web data source without the need for costly and time-consuming coding. Efficiently complete automation projects that have been previously delayed due to more pressing needs.

    Extend the Value of Business Process Automation (BPM) Solutions

    Deploy robotic process automation (RPA) tactically within a business unit to meet your specific goals for a part of or the entire process. Run RPA as complementary to your business management (BPM) and case management platforms—using robots at various steps within a larger set of key business processes to further eliminate manual work.

    Monitor and Optimize Processes with Robotic Process Intelligence

    Proactively monitor and optimize the health of your robotic process automation platform with Kapow Robotic Process Intelligence. Monitor trends, ensure compliance, detect potential problems in real time and maximize the productivity of your digital workforce.

    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 Kofax RPA
    Learn more about Redwood Software - Finance Automation Edition
    Sample Customers
    Aetna, BNP Paribas, Citi, Goldman Sachs, HSBC, ING, Aviva, Humana, Willis, Merck, University Hospitals, CardinalHealth, American Red Cross, Alegri, Capita
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    Top Industries
    REVIEWERS
    Computer Software Company27%
    Logistics Company18%
    Security Firm9%
    Transportation Company9%
    VISITORS READING REVIEWS
    Computer Software Company25%
    Comms Service Provider13%
    Financial Services Firm9%
    Government6%
    VISITORS READING REVIEWS
    Computer Software Company29%
    Comms Service Provider10%
    Energy/Utilities Company9%
    Financial Services Firm9%
    Company Size
    REVIEWERS
    Small Business44%
    Midsize Enterprise6%
    Large Enterprise50%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise17%
    Large Enterprise63%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise20%
    Large Enterprise63%
    Buyer's Guide
    Robotic Process Automation (RPA)
    September 2022
    Find out what your peers are saying about UiPath, Automation Anywhere, Microsoft and others in Robotic Process Automation (RPA). Updated: September 2022.
    633,572 professionals have used our research since 2012.

    Kofax RPA is ranked 12th in Robotic Process Automation (RPA) with 9 reviews while Redwood Software - Finance Automation Edition is ranked 14th in Robotic Process Automation (RPA) with 1 review. Kofax RPA is rated 7.2, while Redwood Software - Finance Automation Edition is rated 10.0. The top reviewer of Kofax RPA writes "Stable, scalable, and provides flexibility to use already-developed components, but its documentation is not widely available and it needs a feature similar to Discovery Bot". 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". Kofax RPA is most compared with UiPath, ABBYY FlexiCapture, Blue Prism, Microsoft Power Automate and Automation Anywhere (AA), whereas Redwood Software - Finance Automation Edition is most compared with UiPath, Blue Prism, BlackLine, Automation Anywhere (AA) and Microsoft Power Automate.

    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.