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

Oracle Enterprise Performan...
Ranking in Financial Close Software
8th
Average Rating
7.8
Reviews Sentiment
6.4
Number of Reviews
4
Ranking in other categories
Financial Performance and Strategy Management (3rd), Tax Management Software (4th)
Redwood Software - Finance ...
Ranking in Financial Close Software
10th
Average Rating
9.0
Reviews Sentiment
7.5
Number of Reviews
3
Ranking in other categories
Robotic Process Automation (RPA) (13th)
 

Mindshare comparison

As of January 2026, in the Financial Close Software category, the mindshare of Oracle Enterprise Performance Management Cloud is 5.2%, up from 4.8% compared to the previous year. The mindshare of Redwood Software - Finance Automation Edition is 3.0%, up from 2.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Financial Close Software Market Share Distribution
ProductMarket Share (%)
Oracle Enterprise Performance Management Cloud5.2%
Redwood Software - Finance Automation Edition3.0%
Other91.8%
Financial Close Software
 

Featured Reviews

Thanh_Nguyen - PeerSpot reviewer
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.
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.

Quotes from Members

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

Pros

"The solution offers well-integrated and dynamic platforms for all disciplines of enterprise performance management."
"The initial setup is pretty straightforward."
"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."
"So the best thing is ease of use."
 

Cons

"On the cloud, additional security is required."
"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 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."
"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."
 

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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881,082 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Financial Services Firm
28%
Manufacturing Company
9%
Government
9%
Comms Service Provider
6%
Manufacturing Company
20%
Performing Arts
13%
Financial Services Firm
7%
University
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
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.
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...
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...
What do you like most about Redwood Business Process Automation - Finance Edition?
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 r...
What is your experience regarding pricing and costs for Redwood Business Process Automation - Finance Edition?
The pricing is very client-specific. It's not a one-size-fits-all price. They don't have a single price for everyone. It's based on the client and the number of transactions. As Vodafone, a large c...
What needs improvement with Redwood Business Process Automation - Finance Edition?
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 postin...
 

Also Known As

Oracle EPM Cloud
Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
 

Overview

 

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,
Find out what your peers are saying about Oracle Enterprise Performance Management Cloud vs. Redwood Software - Finance Automation Edition and other solutions. Updated: January 2026.
881,082 professionals have used our research since 2012.