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Oracle Enterprise Performance Management Cloud vs Redwood Software - Finance Automation Edition comparison

 

Comparison Buyer's Guide

Executive Summary

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

Oracle Enterprise Performan...
Ranking in Financial Close Software
7th
Average Rating
9.0
Reviews Sentiment
6.4
Number of Reviews
2
Ranking in other categories
Financial Performance and Strategy Management (4th), Tax Management Software (4th)
Redwood Software - Finance ...
Ranking in Financial Close Software
10th
Average Rating
9.0
Reviews Sentiment
7.5
Number of Reviews
3
Ranking in other categories
Robotic Process Automation (RPA) (15th)
 

Mindshare comparison

As of May 2025, in the Financial Close Software category, the mindshare of Oracle Enterprise Performance Management Cloud is 5.5%, up from 4.6% compared to the previous year. The mindshare of Redwood Software - Finance Automation Edition is 2.2%, up from 1.6% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Financial Close Software
 

Featured Reviews

Sandeep-Banavali - PeerSpot reviewer
Provides all essential features needed in an integrated Enterprise Performance Management framework
The solution's initial setup/configuration is straightforward. As far as cloud setup is concerned, no installation is involved. In that case, the solution is maintained and hosted by Oracle. The time frame for deployment depends on the use cases. It is rapidly deployable for out-of-the-box features and customizable for any further changes/enhancements needed. It takes anywhere between six to ten weeks to deploy for standard requirements.
Amarjeet Kamble - PeerSpot reviewer
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.

Quotes from Members

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

Pros

"The initial setup is pretty straightforward."
"The solution offers well-integrated and dynamic platforms for all disciplines of enterprise performance management."
"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."
"So the best thing is ease of use."
 

Cons

"Integration of AI, IoT, and RPA-based automation and prediction features with the solution will be a great plus. Oracle is continuously investing efforts in this direction and new features are being released on a continuous basis."
"On the cloud, additional security is required."
"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."
 

Pricing and Cost Advice

"Its licensing covers support and maintenance infrastructure as well."
"The licensing was purely based on the number of transactions being processed in production."
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Top Industries

By visitors reading reviews
Educational Organization
44%
Financial Services Firm
9%
Retailer
6%
Computer Software Company
6%
Financial Services Firm
19%
Computer Software Company
12%
Manufacturing Company
11%
Recreational Facilities/Services Company
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

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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...
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...
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...
 

Also Known As

Oracle EPM Cloud
Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
 

Overview

 

Sample Customers

Eindhoven University of Technology, HES-SO University of Applied Sciences and Arts Western Switzerland, NetCologne, Kolos Cement Limited
ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
Find out what your peers are saying about Oracle Enterprise Performance Management Cloud vs. Redwood Software - Finance Automation Edition and other solutions. Updated: April 2025.
850,028 professionals have used our research since 2012.