Enterprise operations are as complex as the systems of the human body. All departments and contributors must succeed in their distinct roles yet work together as a stable and consistent unit. Achieving efficiency within a complex structure — body or business — requires that every process be seamless from start to finish. Given that more than 80% of global businesses are planning process automation initiatives, this moment in time is likely a crucial turning point in your business process automation journey. How should you go about developing and automating durable processes? In this article, w ..read more

Today, companies operating with SAP on-premise systems face strategic decisions about maintaining their current infrastructure or transitioning to the cloud. This choice is not merely technical but foundational, influencing operational efficiency, innovation capacity and the flexibility to respond to market demands.  For businesses leveraging on-premise SAP solutions, the question is how to optimize existing investments while evaluating the strategic benefits of cloud migration for future growth. Understanding the strategic implications of enhancing your on-premise SAP systems or moving t ..read more

Enterprises today are experiencing a tech landscape that is exploding in apps cloud, AI, containerization and data. These trends are creating a tidal wave of information and complex processes spanning across vast set of systems. Automation fabrics that can reliably handle this n-dimensional complexity are critical to running business operations today. This is the only way to unleash human potential and unlock new possibilities. Redwood defines an automation fabric as an integrated system that seamlessly connects applications, processes and data, driving mission-critical business outcomes. An a ..read more

In today’s fast-paced digital world, connectivity and seamless integration between on-premise systems and cloud applications are more than just beneficial; they’re imperative for businesses aiming to leverage the full spectrum of SAP’s capabilities, including the SAP Business Technology Platform (SAP BTP). As companies navigate their digital transformation journeys, the SAP Cloud Connector emerges as a pivotal tool, serving as the secure bridge facilitating this crucial connectivity. Understanding SAP Cloud Connector At its core, the SAP Cloud Connector acts as a gateway that ensures secure an ..read more

Accruals, provisions and reclassifications represent some of the most intricate and labor-intensive components of the financial close process. In a global business environment where speed and accuracy are paramount, accruals, provisions and reclassifications are a substantial burden for finance teams, resulting in highly skilled staff being entrusted to manage these critical tasks when their time could be better applied elsewhere. Accounting automation, specifically Record to Report  Automation by Redwood, can transform these challenges into opportunities for efficiency and accuracy. The ..read more

The month-end close is often marked by the hectic pace of completing journal entries. In the current landscape, where efficiency and accuracy are key, manual journal entries still stand out as a cumbersome challenge.  Challenges of manual journal entries The traditional approach to journal entries in the financial close process is dominated by manual processes, spreadsheets such as Excel and point solutions, which often involve different teams in preparing, approving, posting and validating entries. These manual processes are laden with challenges, are error-prone and  disrupt the fi ..read more

In today’s rapidly evolving energy sector, utility companies are at the forefront of digital transformation. Leveraging SAP ERP, especially designed for the utilities industry, offers unparalleled opportunities to streamline business processes, enhance customer experience and drive sustainability. This shift redefines how utility companies operate and how they engage with customers and manage resources in real-time. Embracing automation with SAP for utilities At the heart of this transformation is the need for…automation across the entire meter-to-cash process. RunMyJobs by Redwood, in conjunc ..read more

To this day, the traditional finance function struggles with inefficiencies and a heavy reliance on manual processes, particularly during the critical period-end close. Areas that are manually heavy include areas such as accruals, provisions and reclassifications, account reconciliation and certification, journal entries and intercompany accounting. This not only hampers efficiency but also clouds the transparency so vital in month-end financial reporting. The whitepaper “Master the Touchless Close” offers a ground-breaking solution to this enduring problem. The touchless close: A paradigm shi ..read more

In finance, where time is of the essence, every minute counts. The month-end close is a critical process that demands precision, accuracy and efficiency. Finance teams often struggle with tight deadlines, late nights and the constant pressure to deliver results quickly with fewer resources. But what if there was a solution that could step in as your trusted ally, working tirelessly to expedite your month-end close and help you achieve more in less time? Imagine hiring a ‘virtual employee’ who could seamlessly integrate into your team, eliminate manual tasks and significantly reduce your month ..read more

In October 2023, SAP announced a premium plus package for its RISE offering that introduced a host of new features. Now its suite of cloud solutions, infrastructure and services can deliver more sustainability insights, better equip customers to create a compliant, networked ERP and add new AI capabilities thanks to its AI co-pilot Joule. But let’s face it, RISE can’t do it all on its own. As SAP itself acknowledges, RISE and the connected S/4HANA (in its cloud, private and public cloud editions) benefit from integrations that meet enterprise demands in seamless ways. No wonder that in the sam ..read more