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

Oracle and Redwood Software are both solutions in the Financial Close Software category. Oracle is ranked #7 with an average rating of 6.5, while Redwood Software is ranked #9 with an average rating of 8.0. Oracle holds a 5.1% mindshare in FCS, compared to Redwood Software’s 3.1% mindshare. Additionally, 100% of Oracle users are willing to recommend the solution, compared to 80% of Redwood Software users who would recommend it.

Oracle Enterprise Performan...

Read 4 Oracle Enterprise Performance Management Cloud reviews

976 Views
586 Comparison Views

100% willing to recommend

Redwood Software - Finance ...

Read 3 Redwood Software - Finance Automation Edition reviews

1,150 Views
299 Comparison Views

80% willing to recommend

Oracle Enterprise Performan...

Redwood Software - Finance ...

Comparison Buyer's Guide

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Executive Summary

We performed a comparison between Oracle Enterprise Performance Management Cloud 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 Oracle Enterprise Performance Management Cloud vs. Redwood Software - Finance Automation Edition Report (Updated: March 2026).

Buyer's Guide

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

March 2026

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Helped 884,976 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

Oracle Enterprise Performan...

Ranking in Financial Close Software

7th

Average Rating

7.8

Reviews Sentiment

6.4

Number of Reviews

Ranking in other categories

Financial Performance and Strategy Management (3rd), Tax Management Software (3rd)

Redwood Software - Finance ...

Ranking in Financial Close Software

9th

Average Rating

9.0

Reviews Sentiment

7.5

Number of Reviews

Ranking in other categories

Robotic Process Automation (RPA) (12th)

Mindshare comparison

As of March 2026, in the Financial Close Software category, the mindshare of Oracle Enterprise Performance Management Cloud is 5.1%, up from 5.0% compared to the previous year. The mindshare of Redwood Software - Finance Automation Edition is 3.1%, up from 1.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Financial Close Software Mindshare Distribution
Product	Mindshare (%)
Oracle Enterprise Performance Management Cloud	5.1%
Redwood Software - Finance Automation Edition	3.1%
Other	91.8%

Financial Close Software

Featured Reviews

Thanh_Nguyen

Solution Consultant at IERP JSC

Has supported effective budget planning but needs better data management and performance improvements

The problem with Oracle Enterprise Performance Management Cloud is that they use Essbase, causing the volume of data to increase rapidly. My customer has been using it for five years, and the database has increased to two or three terabytes, which is too big. Oracle has a limit on the database for each customer, notifying that the maximum is only three terabytes, requiring me to back it up elsewhere. The use of Essbase results in rapid database growth, which is an issue I think Oracle needs to improve. While the functions in Oracle Enterprise Performance Management Cloud are good, when I create formulas in the dimensions and refresh the data after making new dimensions, elements, or formulas, it takes a long time. I think this performance issue might be due to the large dataset, but since the system is on the cloud, the performance is still poor.

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Ram Chenna

Enterprise Architect at a consultancy with 10,001+ employees

Single bot now replaces five associates who previously handled finance processes and eliminates manual errors

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, I would like to leverage a generative AI model. This would allow me to type a query or question directly to the bot, and it would retrieve the information I need. For example, I could ask for the number of invoices, the status of specific invoices, or any other relevant data. Currently, we achieve this by building our own Finance model. So, integrating a pre-built finance model with the tool would be much easier and more efficient for reporting purposes. We're looking at several potential uses for this AI model. It could empower various user groups, including regular finance executives, customers, and even vendors to submit queries. Additionally, our leadership team is interested in using the AI model to generate reports directly on the Redwood dashboard. This functionality could potentially replace the need for BSpoke Solutions and the manual generation of BSpoke reports, streamlining the entire reporting process.

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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

"Purchasing this product indeed is a value addition; it's not going to be a bomb, it's not going to add any kind of liability, and it will have quite a positive impact on a company."

"The initial setup is pretty straightforward."

"The solution offers well-integrated and dynamic platforms for all disciplines of enterprise performance management."

"Technical support is okay, and I find the technical support from Oracle to be good."

"The best features of Oracle Enterprise Performance Management Cloud are that it is customizable, allowing me to filter it really well to know exactly what I want."

"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."

"Unlike other automation tools, Redwood has a unique space in finance automation, where standard SAP modules are used for automating every step in the process, quickly and easily."

"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

"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."

"The problem with Oracle Enterprise Performance Management Cloud is that they use Essbase, causing the volume of data to increase rapidly."

"Oracle Enterprise Performance Management Cloud is definitely pretty old school and not as intuitive or user-friendly."

"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."

"This is where the real challenge is, having a licensing cost that needs to be compared with the existing manual operational cost and coming up with a competitive licensing and pricing model."

"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

Financial Services Firm

26%

Manufacturing Company

Government

Insurance Company

Manufacturing Company

22%

Performing Arts

13%

Transportation Company

University

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

What is your experience regarding pricing and costs for Oracle Enterprise Performance Management Cloud?

I have no information about the pricing for Oracle Enterprise Performance Management Cloud.

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What needs improvement with Oracle Enterprise Performance Management Cloud?

The learning curve in the beginning is a little difficult, but then it becomes easier. For a new user, it might be challenging, which I do not prefer. However, once you know the system, it can be r...

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What is your primary use case for Oracle Enterprise Performance Management Cloud?

I use Oracle Enterprise Performance Management Cloud to pull financial information, income statement items, volume, and product pricing along with margin data. Oracle Enterprise Performance Managem...

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SAP Intelligent RPA vs Redwood Software - Finance Automation Edition

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Product Reports

Buyer's Guide

Oracle Enterprise Performance Management Cloud

March 2026

Oracle Enterprise Performance Management Cloud report

Download Oracle Enterprise Performance Management Cloud product report

Buyer's Guide

Redwood Software - Finance Automation Edition

March 2026

Redwood Software - Finance Automation Edition report

Download Redwood Software - Finance Automation Edition product report

Also Known As

Oracle EPM Cloud

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

Overview

Gain the agility and insights you need to outperform in any market condition. Oracle Fusion Cloud Enterprise Performance Management (EPM) helps your mid to enterprise level company model and plan across finance, HR, supply chain, and sales, streamline the financial close process, and drive better decisions.

Why Customers Choose Oracle Fusion Cloud EPM:

Gain value with the most complete cloud

Comprehensively address your needs with functional breadth and depth across financial and operational planning, consolidation and close, master data management, and more

Use embedded intelligence to make better decisions

Drive better decisions with scenario modeling and built-in, advanced analytics. AI and machine learning bring you data-driven insights to help you take action faster

Plan continuously across your business

Seamlessly connect data across your entire organization so you can build forecasts and scenarios that update automatically as your bottom line changes.

Trust the acknowledged leader in Enterprise Performance Management

Oracle EPM consistently tops analyst rankings; thousands of customers gain more value from running their EPM processes with Oracle in the cloud.

Oracle

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

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,

Buyer's Guide

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

March 2026

Free Report: Oracle Enterprise Performance Management Cloud vs. Redwood Software - Finance Automation Edition

Find out what your peers are saying about Oracle Enterprise Performance Management Cloud vs. Redwood Software - Finance Automation Edition and other solutions. Updated: March 2026.

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