Finance Automation by Redwood vs Mayday
Finance Automation by Redwood
redwood.comMayday
getmayday.comSide by side
| Figure | Finance Automation by Redwood | Mayday |
|---|---|---|
| Price from | — | £10/mo |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 1 | 15 |
| Spec score · Intercompany Accounting Software | 7.1 (#28) | 8.8 (#2) |
| Integrations | The platform orchestrates processes across ERP systems, data warehouses, business applications and reporting software including SAP, Oracle, Microsoft, Workday and Infor. | Mayday connects with Xero, QuickBooks Online and Intuit Enterprise Suite; product pages describe one-click posting back to the accounting systems. |
| Purpose | Finance Automation by Redwood automates SAP transactions, calculations, validations, journal entries and postings across record-to-report workflows. | Mayday is a month-end platform for finance teams using Xero, QuickBooks Online, or Intuit Enterprise Suite. |
| Support | Redwood states that its full SaaS implementation delivers guaranteed uptime and 24×7 support. | The pricing FAQ says in-app support chat receives a personal response within hours, often within minutes. |
Plans
Finance Automation by Redwood
- Finance Automation by RedwoodPriced on request
Mayday
- BasicFree
- BasicFree
- Accrued Costs£10 a month
- Accrued Revenue£10 a month
- Active£10 a month
- Advanced£10 a month
- Deferred Revenue£10 a month
- Passive£10 a month
- Recharger Lite£10 a month
- Flux£12.50 a month
In their own words
Finance Automation by Redwood
Finance Automation by Redwood has no write-up on Specifiction yet; its figures are above.
Mayday
Mayday is a web-based month-end platform for finance teams using Xero, QuickBooks Online or Intuit Enterprise Suite. It identifies missing or incorrect entries, calculates adjustments for review and approval, then posts approved journals to Xero or QuickBooks. Its products include Flux, Prepayments, Accruals, Deferred Revenue, Balancer, Mayday HQ, BRAG and Recharger. Mayday AIR suggests actions using accounting principles and business context; the maker says it will not train AIR on private customer data without permission. The platform supports approval workflows, audit trails, multi-entity close and recurring templates. The Basic plan is £0/mo, and a 30-day free trial does not require card details. The pricing note lists paid access from £12.50/mo when billed annually, while several listed plans are £10/mo. QuickBooks Online has restrictions: BRAG and Mayday HQ are unavailable, and some functions in Balancer, Recharger, Deferred Revenue and Prepayments are limited. Mayday says its service runs on AWS, with data storage and processing in the London region. It lists encryption, SSO and MFA via Xero and Intuit, role-based access controls and 24/7 infrastructure monitoring.