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Redwood Software - Finance Automation Edition vs SAP Business Planning and Consolidation 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

Redwood Software - Finance ...
Ranking in Financial Close Software
9th
Average Rating
9.0
Reviews Sentiment
7.5
Number of Reviews
3
Ranking in other categories
Robotic Process Automation (RPA) (12th)
SAP Business Planning and C...
Ranking in Financial Close Software
13th
Average Rating
7.0
Number of Reviews
1
Ranking in other categories
Financial Performance and Strategy Management (5th)
 

Mindshare comparison

As of April 2026, in the Financial Close Software category, the mindshare of Redwood Software - Finance Automation Edition is 3.1%, up from 1.9% compared to the previous year. The mindshare of SAP Business Planning and Consolidation is 4.7%, down from 6.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Financial Close Software Mindshare Distribution
ProductMindshare (%)
Redwood Software - Finance Automation Edition3.1%
SAP Business Planning and Consolidation4.7%
Other92.2%
Financial Close Software
 

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.
it_user90087 - PeerSpot reviewer
Senior Consultant at a tech services company with 51-200 employees
​​It's a robust solution with no issues​. In my view, it is necessary to introduce another way to create reports apart from MS Excel.
There are no tutorials or wizards inside the tool, and I think they would be very useful sometimes. Having said that, I suspect that it is one of the SAP's strategies, because they get a lot of money from SAP training and don't want people learning who to work with their products on their own. There is another thing as well which could be improved. In my view, it is necessary to introduce another way to create reports apart from MS Excel, and it must be a way that can be exploited through mobile devices as well.

Quotes from Members

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

Pros

"So the best thing is ease of use."
"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."
"Up to the implementation of the application, it used to take weeks to the consolidation team to carry out the entire, monthly, financial consolidation, now it takes them just one or two days to perform the entire process."
 

Cons

"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 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."
"Mapping the process steps to an existing R2R process quickly would be a definite step forward."
"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."
"There are no tutorials or wizards inside the tool, and I think they would be very useful sometimes."
 

Pricing and Cost Advice

"The licensing was purely based on the number of transactions being processed in production."
Information not available
report
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Top Industries

By visitors reading reviews
Manufacturing Company
19%
Performing Arts
11%
Construction Company
9%
Transportation Company
6%
Manufacturing Company
14%
Energy/Utilities Company
10%
Comms Service Provider
7%
Financial Services Firm
7%
 

Company Size

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

Also Known As

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

Overview

 

Sample Customers

ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
Medtronic, Cirque du Soleil, Antarc, B&G Manufacturing, EarlySense, eBay, Ferrero, James Austin Company, Lenovo, Sagem, RAK Ceramics, Vodafone
Find out what your peers are saying about Blackline, Sage, OneStream and others in Financial Close Software. Updated: March 2026.
885,728 professionals have used our research since 2012.