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Redwood Software - Finance Automation Edition vs Robocorp comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 4, 2024

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

Redwood Software - Finance ...
Ranking in Robotic Process Automation (RPA)
31st
Average Rating
9.0
Reviews Sentiment
7.5
Number of Reviews
3
Ranking in other categories
Financial Close Software (15th)
Robocorp
Ranking in Robotic Process Automation (RPA)
30th
Average Rating
7.6
Reviews Sentiment
7.2
Number of Reviews
13
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of April 2026, in the Robotic Process Automation (RPA) category, the mindshare of Redwood Software - Finance Automation Edition is 1.4%, up from 0.3% compared to the previous year. The mindshare of Robocorp is 1.0%, down from 2.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Robotic Process Automation (RPA) Mindshare Distribution
ProductMindshare (%)
Robocorp1.0%
Redwood Software - Finance Automation Edition1.4%
Other97.6%
Robotic Process Automation (RPA)
 

Featured Reviews

RC
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.
SB
Sr Cognitive / RPA Consultant at a financial services firm with 501-1,000 employees
Using Python in Robocorp enhances performance
In terms of licenses, there is a return on investment in that area. Other products are charged based on the licenses. However, Robocorp is not doing it that way. They are charging based on a run basis. Therefore, in that way, the company might benefit in terms of license costs and the return on investment, considering what they are putting in and what they are getting out of it.

Quotes from Members

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

Pros

"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."
"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."
"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."
"So the best thing is ease of use."
"As a developer, I found it easy to integrate third-party applications with Robocorp. I have previous experience with Selenium, and I found the Robocorp framework to be accessible because it uses Python and Selenium keywords."
"Robocorp is based on Python, so you can use Python scripts and create libraries for your use cases. Building libraries and custom scripts for a particular client and general use cases is easy. We can reuse those scripts for other clients, so we start seeing benefits quickly."
"It supports Python runtime because of that, runtime also improves."
"The solution is based on Python which makes it very valuable."
"The product has a valuable business process automation feature."
"It offers high scalability and enables automation in ways that haven't been possible before."
"Time complexity is reduced and the execution speed is much higher."
"I like the fact that it's very fast. The processing speed is good, and that's what matters to me. I also like that we don't have to bother with the infrastructure setup. We don't have to care about the status of the data set, as I believe the local group will provide it. We don't care about the licensing model. We only have to care about how long we are using it."
 

Cons

"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."
"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."
"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."
"The solution could be more stable."
"The platform's documentation could be better."
"An additional feature I'm looking for in Robocorp is SAP automation."
"The deployment process is complex and not straightforward, especially for legacy modernization."
"They should fully develop Robocorp Studio because it would attract a lot of people to the Robocorp platform."
"I don't like the complexity of deployment."
"Robocorp is still in development, so most of the keywords are a bit confusing. I have to alter lots of automation steps between processing and development. However, Selenium is due for an update soon, and Robcorp is addressing some of the limitations caused by the previous Selenium version."
"I preferred the user interface in the older versions. When troubleshooting, it's sometimes hard to find details about where things went wrong. You need to search a little harder. It takes more clicks to get to where you want to go. It can be somewhat confusing. When you run a process that fails, it takes you somewhere you may not expect."
 

Pricing and Cost Advice

"The licensing was purely based on the number of transactions being processed in production."
"The price is cheaper than other competitors. I would rate the cost as one out of five."
"It's a cost-effective solution."
"Robocorp is much better in terms of pricing compared to UiPath."
"The pricing is fine."
"The product has good pricing."
"In terms of licenses, there is a return on investment in that area."
"The solution is a very affordable price."
"You don't have to pay for the license. You have to pay for the time you use it."
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Top Industries

By visitors reading reviews
Manufacturing Company
18%
Performing Arts
10%
Construction Company
9%
University
6%
Financial Services Firm
14%
Manufacturing Company
12%
Computer Software Company
11%
Construction Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
By reviewers
Company SizeCount
Small Business6
Midsize Enterprise3
Large Enterprise4
 

Also Known As

Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
No data available
 

Overview

 

Sample Customers

ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
Information Not Available
Find out what your peers are saying about Redwood Software - Finance Automation Edition vs. Robocorp and other solutions. Updated: April 2026.
890,027 professionals have used our research since 2012.