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Financial Close and Consolidation Solutions

Financial Close and Consolidation Solutions Reviews and Ratings

What are Financial Close and Consolidation Solutions?

Gartner defines financial close and consolidation solutions (FCCS) as applications that enable CFOs and their teams to manage the organization’s group close, consolidation and reporting processes. The FCCS market equips organizations to (1) manage and drive financial control across their close cycles through configurable workflows and dashboards that support collaboration and provide a centralized auditable view; (2) execute financial consolidation across multiple legal entities (LEs) and geographies; (3) meet accounting standards for currency translation, intercompany elimination and top-side adjustments; and (4) generate reporting that adheres to generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS) and regional compliance.

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OneStream Platform
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Oracle Fusion Cloud Enterprise Performance Management (EPM)
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Oracle Fusion Cloud Enterprise Performance Management (EPM)
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Board
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OneStream Platform
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Oracle Fusion Cloud Enterprise Performance Management (EPM)
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CCH Tagetik Intelligent Platform
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Prophix One
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JustPerform
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Oracle Fusion Cloud Enterprise Performance Management (EPM)

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Logo of BlackLine

BlackLine

By BlackLine

4.5
(571 Ratings)

BlackLine is a publicly-traded company known for addressing traditional accounting challenges. It leverages a cloud-based financial operations management platform to enhance the efficiencies of financial departments. The primary objective of BlackLine is to modernize accounting procedures by consolidating the data and processes along with automating mundane activities. This also ensures accountability through comprehensive visibility. BlackLine provides comprehensive solutions for managing and automating various activities like financial close, accounts receivable, and intercompany accounts. They cater to both large and midsize corporations across various industries to help optimize accounting procedures. BlackLine operates globally with its main operations sprawled across several business hubs such as Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore, and Sydney.

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Logo of OneStream Platform

OneStream Platform

By OneStream

4.7
(464 Ratings)

OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the enterprise finance platform that unifies all your financial and operational data, embeds AI for better decisions and productivity, and can extend to meet the evolving needs of your business, without adding technical debt.

Our vision is to be the operating system for modern Finance, unifying core financial functions and empowering the CFO to become a critical driver of business strategy, innovation, and growth. We deliver a comprehensive cloud-based platform designed to modernize the Office of the CFO. Our Digital Finance Cloud unifies key financial and operational data and processes, embeds AI for faster and better planning and forecasting, and is infinitely extensible so customers can add new utility and achieve more value as their business needs evolve.

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Logo of Oracle Fusion Cloud Enterprise Performance Management (EPM)

Oracle Fusion Cloud Enterprise Performance Management (EPM)

By Oracle

4.7
(211 Ratings)

Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.

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CCH Tagetik Intelligent Platform

By Wolters Kluwer

4.7
(135 Ratings)

Wolters Kluwer is a global entity specializing in professional data, application solutions, and services. The company targets sectors such as healthcare, taxation and accounting, corporate and financial compliance, legal and regulation, along with corporate performance and ESG. Wolters Kluwer's central role is to assist its clients in making essential judgements daily, delivering expert solutions that harmoniously blend specialized technology, services, and extensive domain knowledge. The company maintains its operations in over 40 countries and serves customers in more than 180 nations. Wolters Kluwer is based in Alphen aan den Rijn, the Netherlands.

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Planful

By Planful

4.5
(85 Ratings)

Planful is a company dedicated to the development of financial performance management cloud software. The main product is the Planful platform, which aims to streamline diverse business processes such as planning, budgeting, consolidations, reporting, and analytics. This platform is used globally and acts as a tool for finance, accounting, and business users to improve their planning, reporting, and closing procedures. The ultimate aim is to accelerate process cycles, boost productivity, and enhance overall accuracy. The company stands as a private entity, supported by Vector Capital.

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Prophix One

By Prophix

4.6
(76 Ratings)

Prophix provides financial performance management software that supports budgeting, forecasting, reporting, reconciliation, close, and consolidation. The Prophix One platform brings these processes together in one unified platform to help finance teams access and analyze financial data and manage financial operations. Prophix serves more than 3,000 customers across multiple industries and geographies and offers capabilities that support accuracy, efficiency, and transparency in finance and accounting activities.

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Workday Adaptive Planning

By Workday

4.3
(59 Ratings)

Workday is the AI platform for managing people, money, and agents. Workday unifies HR and Finance on one platform with AI at the core to empower people at every level with the clarity, confidence, and insights they need to adapt quickly, make better decisions, and deliver outcomes that matter. Workday is used by organizations around the world and across industries.

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JustPerform

By insightsoftware

4.7
(56 Ratings)

insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FP&A), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity.

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Board

By Board

4.7
(36 Ratings)

Board is the Enterprise Planning Platform built to accelerate business performance and enable continuous planning with greater forecast accuracy to drive confident, aligned decisions.

Its fully integrated planning solution spans the entire enterprise, delivering value for financial and operational planning in one unified platform. Using internal data and expert-curated external indicators, Board provides real-time visibility into your business.

Board offers a highly flexible, collaborative and adaptive user experience, powering executive dashboards and analytic capabilities that allows clear explanation and interpretation delivered through generative AI. This allows organizations to respond in an agile manner: capitalize on opportunities, optimize resources and mitigate risks.

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Vena Complete Planning Platform

By Vena

4
(23 Ratings)

Vena is a distinct platform that has been constructed particularly for Microsoft365 with Power BI Embedded, made to enhance functionality with native Excel.

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Logo of Anaplan Financial Close and Consolidation

Anaplan Financial Close and Consolidation

By Anaplan

4.3
(22 Ratings)

Anaplan is a scenario planning and analysis platform designed to optimize decision-making in today’s complex business environment so that enterprises can outpace their competition and the market. By building connections and collaboration across organizational silos, our platform surfaces key insights — so businesses can make the right decisions, right now.

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SAP S/4HANA Finance for group reporting

By SAP

4.1
(19 Ratings)

SAP was founded in 1972 and is headquartered in Walldorf, Germany. The company employs over 105,000 people globally and develops software solutions for enterprise resource planning (ERP) and related business functions. SAP’s early products, SAP R/2 and SAP R/3, were widely adopted for managing core business processes. Its current ERP platform, SAP S/4HANA, uses in-memory computing to support data-intensive operations and integrates capabilities such as artificial intelligence and machine learning.

SAP offers a portfolio of software applications that support various business functions across industries. These applications are designed to operate on a unified digital platform. As of 2025, SAP reports over 230 million cloud users and provides more than 100 solutions. The company’s offerings are used by organizations to manage finance, human resources, procurement, supply chain, and other operational areas.

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Anaplan XL Reporting

By Anaplan

4.6
(18 Ratings)

Anaplan is a scenario planning and analysis platform designed to optimize decision-making in today’s complex business environment so that enterprises can outpace their competition and the market. By building connections and collaboration across organizational silos, our platform surfaces key insights — so businesses can make the right decisions, right now.

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Logo of IBM Cognos Controller

IBM Cognos Controller

By IBM

4.4
(17 Ratings)

IBM is a well-established entity focused on technology and development. The primary mission revolves around fostering technological growth and enhancing infrastructure, achieved through focused developments and consulting services. By encouraging inventiveness and innovation, it is geared towards facilitating the transition of theoretical ideas into practical realities, thus improving global functionalities. IBM brings about transformation by creating advanced solutions that reshape and redefine the world.

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Autonomous Accounting

By HighRadius

4.9
(15 Ratings)

HighRadius is a company that specializes in developing autonomous software solutions primarily targeted towards the Office of the CFO. The company's core product is a cloud-based autonomous platform that is data-driven and has the ability to change its behavior based on transient transactional data. This software can efficiently digitize order-to-cash, treasury, and record-to-report processes, featuring modern capabilities like artificial intelligence, robotic process automation, natural language processing, and no-code platforms. HighRadius's unique proposition combines the functionality of an application software vendor with a middleware platform for AI or RPA, thereby delivering measurable business outcomes, including DSO reduction, working capital optimization, bad-debt reduction, reduced month-end close timelines, and improved productivity in under six months.

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Logo of IDL Konsis

IDL Konsis

By insightsoftware

4.3
(14 Ratings)

insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FP&A), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity.

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Logo of Longview Close

Longview Close

By insightsoftware

4.4
(13 Ratings)

insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FP&A), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity.

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Logo of Workday Financial Management

Workday Financial Management

By Workday

4.5
(11 Ratings)

Workday is the AI platform for managing people, money, and agents. Workday unifies HR and Finance on one platform with AI at the core to empower people at every level with the clarity, confidence, and insights they need to adapt quickly, make better decisions, and deliver outcomes that matter. Workday is used by organizations around the world and across industries.

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Logo of Aico Financial Close Platform

Aico Financial Close Platform

By Aico

4.2
(10 Ratings)

Aico is a company specializing in the provision of Artificial Intelligence solutions to finance departments globally, particularly those within midsize and large businesses. By offering an intelligent financial close automation platform, Aico assists with various record-to-report (R2R) accounting processes, including account reconciliation, close task management, journal entries, and other financial procedures like manual invoices and payments. The company seeks to replace lengthy and intricate manual work with efficient processes, enhancing control, quality, integrity, and visibility. The aim of Aico is to facilitate more insightful and meaningful work via intelligent finance automation and control. The services provided by Aico are used in numerous countries worldwide and cater to various sectors including utilities, retail, healthcare, construction, and manufacturing amongst others.

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Logo of Clausion Consolidation

Clausion Consolidation

By insightsoftware

4.5
(9 Ratings)

insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FP&A), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity.

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Gartner Research

Magic Quadrant for Financial Close and Consolidation SolutionsCritical Capabilities for Financial Close and Consolidation Solutions
Gartner Peer Insights 'Voice of the Customer': Financial Close and Consolidation Solutions

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Popular Product Comparisons

BlackLine vs OneStream PlatformOneStream Platform vs Oracle Fusion Cloud Enterprise Performance Management (EPM)BlackLine vs Oracle Fusion Cloud Enterprise Performance Management (EPM)BlackLine vs Workday Adaptive Planning

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