Case Study: Genentech achieves over 50% faster end-to-end close and 88% process automation with Redwood Software

U.S. biotechnology company reduces end-to-end close times by over 50% with 88% process automation

Genentech, a leading U.S. biotechnology company, needed to accelerate and standardize its month-end financial close after the SAP Financial Closing cockpit implementation failed to deliver the expected automation. Processing dependencies and manual handoffs were causing latency, exceptions and significant stress for finance and C-suite teams, prompting Genentech to look for a unified alternative rather than a mix of point solutions.

Genentech implemented Redwood Business Process Automation – Finance Edition as a single, low-code/no-code platform integrated with SAP, using preconfigured tasks to expedite deployment. Redwood automated 88% of close processes, cut end-to-end close times by more than 50 (with some tasks reduced from eight hours to minutes), eliminated manual notifications and exceptions, improved auditability and compliance, and freed high-paid analysts for strategic work while reducing contractor use and monthly "war room" demands.

Genentech