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 corporate controllers 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.

Products In Financial Close and Consolidation Solutions Market

"Great capabilities and incredible automation but mind your requirements and needs"

Blackline streamlines finance processes with unmatched precision

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"OneStream: Financial Excellence and Unparalleled Flexibility "

I believe OneStream is the best platform on the market! The comprehensive functionality is best in class, user-friendly interface, and the flexibility and customizations that are available set OneStream apart.

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"Comprehensive financial management within the Oracle ecosystem"

In our company, we use the platform for better financial planning. We have been able to obtain deeper insights into our financial performance and pinpoint opportunities for optimization by streamlining our budgeting and forecasting procedures. Now we can manage enormous volumes of data and still be able to make sober decisions, eliminating the human error factor.

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"Great CPM software with a full range of features"

The packaged software used in the past lacked sufficient functionality coverage, so various requirements could not be met by a single product, but had to be achieved through a combination of multiple solutions. However, Tagetik, which can handle a wide variety of requirements on a single platform, can be deployed not only domestically but also globally, contributing significantly to the reduction of TCO.

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"JustPerform is a leap forward for our financial consolidation process"

This is an efficient solution. We were able to reduce up to 40% in the time to prepare consolidation compare to previously. The process is much more streamlined and provide better clarity to management.

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"One of the best tools for analysing your finances"

Prophix has allowed my company to significantly improve its productivity through better visibility into its expenses. We were able to identify the most important expense items, based on periods, departments and many other criteria, then try to reduce them if necessary (you will realize that some expenses that you think are minor are actually very important). Thus, the decision-making of our superiors was more informed in light of this information and therefore of much better quality. If your company has overseas subsidiaries, Prophix's ability to provide standardized data is also very valuable and saves considerable time.

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"Deep insights into financial data with report automation"

Workday financial solutions ensure that focus is shifted from transaction processing and related processes to analysis and provides an agile framework to businesses to help continuously adapt to new changes while maintaining track of changes.

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"Good FP&A Software Tool"

Easy to learn and use FP&A cloud platform that helps streamline budgeting and planning processes.

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"Real-time performance monitoring of the major revenue metrics"

Our employee base can create simple yet effective financial template for capturing the insights related to the statements and general ledger. The tool avoids any manual data entry by relying on self-sourced and authentic data sources.

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"Versatile center for forecasting, budgeting, and strategic planning"

Board's platform for smarter planning and predictive insights across functions has been invaluable. The Business Intelligence, Performance Management, and Predictive Analytics modules have been adopted across our Finance and GTM teams for consistent planning and execution.

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"Excellent Solution for Financial Consolidation and Close. "

This is the accurate software that helps our company in financial consolidation, where different business transactions are recorded together for smooth and reliable financial reporting. IBM Cognos Controller gives the appropriate way to automate the financial close and this provides informative financial results. The program offers a consolidated auditing control, which oversee and monitor every financial activities from any corner.

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"AICO journal application review"

Easy to deploy and administrate. Excellent support available in rare occations when we've needed support after all. Fastest, most efficient and best product team support when implementing this product I've seen.

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Competitors and Alternatives
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"Looking for powerful flexible provisioning software? Longview is your answer."

Longview Tax is an excellent option when looking to fully automate your year-end tax provision process.

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"Very flexible Consolidation System that fits on nearly every ERP- and Software Landscape"

IDL Konsis is highly flexible. For a 5 star rating, a few options would still be necessary to be implemented like more individuality in the calculation of deferred taxes on group level.

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"Excel Add-In Tool Enhances Data Analysis Efficiency"

Overall a very useful tool to provide support and resolve any issues.

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"Fluence is a best in class solutions provider with excellent customer service."

Fluence Technologies has been an excellent partner solving our consolidation challenges. Their platform has been key to our delivering key performance indictors to our C-Suite in a more timely, concise, visual and user friendly manner.

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"Good software and easy to use"

Very good service and consultants have good skills to have solutions to our reporting

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"Longview Close product very easy to use and maintain"

We have been using Longview for our consolidations for about 5 years and financial planning for about 4 years. Longview helped us with our implementation of both processes. The implementation team was great and the implementation went smooth. Our end-users find Longview easy to use. As an admin, I find Longview easy to maintain and make any necessary changes. Overall we have been very pleased with this product!

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"Complete what-if modeling and consolidation/roll up"

DataRails helps the company quickly analyze and understand the current state of the business, stop variances, seize emerging opportunities and avoid pitfalls by making data much easier to navigate and, more importantly, to learn in a timely manner. This saves time spent in analyzing financial data, reduces the potential for human error and produces faster times to market for reports

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"Autonomous Accounting makes your Bank reconciliation look more visible "

My experience has been exceptional. Any changes that needed to be made were always looked at and options were always provided.

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