Overview

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 than alternatives. Tidal by Redwood empowers finance teams to accelerate their business processes by automating repetitive tasks and providing real-time insights. The platform integrates seamlessly with existing ERP systems, including SAP, Oracle, and other financial applications, ensuring data accuracy and streamlined workflows. With Tidal by Redwood, organizations can achieve faster financial close cycles, reduce manual effort, and enhance decision-making through data-driven insights.

Features

Automate your finance operations

Orchestrate across SAP ERPs, data warehouses, business applications and other automation tools like robotic process automation (RPA). Centralize your automation to gain end-to-end control over any finance or account reconciliation process.

• Record to report: Automate general ledger/subledger, intercompany financial consolidation, financial close checklist, spreadsheet reconciliation and more.
• Asset accounting: Perform asset acquisition tasks, enforce compliance, track and capitalize projects and automatically perform account reconciliation and depreciation.

Orchestrate across silos

Finance Automation by Redwood works with your existing applications to automate financial reporting. Automate end-to-end processes across the enterprise regardless of technology or provider (SAP, Oracle and more).

• Business processes: Orchestrate ERP systems, supply chain workflows, data entry, procurement software, purchase-to-pay and more.
• Managed file transfers: Securely move, copy and manage files such as bank statements across unsecured networks and external endpoints.
• Data sources: Manage data from any source, including CRM, ETL, cloud-native databases, artificial intelligence, machine learning and more.
• Hybrid IT: Connect finance and IT processes to ensure successful workloads and eliminate bottlenecks and delays with real-time resource management.

Ensure compliance and security

Finance Automation by Redwood is an intelligent automation solution designed to enforce your internal controls. Enforce fine-grained data standards and access policies, including SSO/SAML 2.0+ and logically isolate different teams, departments or applications.

• Built-in audit trails and controls ensure that every step is fully logged and auditable without manual intervention.
• Simplified IFRS processes meet internal or external regulatory requirements easily.
• Secure connections with TLS 1.3 encryption originate from your enterprise network to the cloud without exposing ports.
• Redwood’s ISO 27001, SOC 2 and CSA STAR Level 1 certified and third-party pen-tested platform provide security you can trust.

Support and services for any business need

• 24×5 support: Redwood’s in-house automation experts provide 24×5 support for all issues and 24×7 SEV-1 support and are ready to assist and resolve issues quickly
• Migration and onboarding: Our team members ensure a smooth, safe and fast transition using a proven methodology that streamlines migration.
• Consulting and services: We help implement best practices, perform health checks and advise on how to boost your ROI.
• Redwood University: Develop and extend your skills and expertise with online training that matches your role and level of experience.