# Best Financial Close Software - 2026 Reviews & Pricing > Find the best Financial Close Software for your organization. Compare top Financial Close Software systems with customer reviews, pricing, and free demos. Source: https://www.softwareadvice.com/financial-close --- [Home](https://www.softwareadvice.com/) / Financial Close Software Software Advice offers objective insights based on verified user reviews and independent product and market research. When our advisors match you to a software provider, we may earn a referral fee. # Best Financial Close Software of 2026 Updated June 22, 2026 On this page 1. Popular Comparisons 2. Buyers Guide 3. Related Software Filter products 48 results ### Compare Products Showing 1 - 25 of 48 products #### Company Size - Self-Employed - 2-10 - 11-50 - 51-200 - 201-500 - 501-1000 - 1000+ #### Pricing Options - $$$$$ - $$$$$ - $$$$$ - $$$$$ - $$$$$ ### Compare Products Sort by **Sponsored**: Sorts listings by software vendors running active bidding campaigns, from the highest to lowest bid. Vendors who have paid for placement have a ‘Visit Website’ button, whereas unpaid vendors have a ‘Learn More’ button. **Reviews**: Sorts listings by the number of user reviews we have published, greatest to least. **Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest. **Alphabetically (A-Z)**: Sorts listings by product name from A to Z. 4.28 [(693)](https://www.softwareadvice.com/accounting/intacct-accounting-profile/reviews/) Best for:Mid-size businesses ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Sage Intacct operates within the Sage Business Cloud portfolio as a comprehensive cloud-based financial management software, expertly designed to bring rich financial and operational insights to a variety of businesses. Recognized for its robust accounting capabilities, Sage Intacct is particularly tailored for small to midsize enterprises looking to streamline their financial processes while gaining access to real-time monetary data. From an architectural standpoint, Sage Intacct stands as an adaptable platform equipped to integrate with numerous other applications. This flexibility enables it to easily fit into a wide range of business ecosystems, accommodating the diverse and evolving needs of modern organizations. Central to its design is an appreciation for differing industry requirements, which Sage Intacct meets with its industry-specific solutions, thereby supporting a more personalized financial management experience. The platform is lauded for its user-friendly interface, crafted to simplify complex financial data compilation and present it in an easily digestible format. Users are able to construct comprehensive financial reports that garner insights without requiring an extensive background in data analysis. This function is vital for companies aiming to make informed decisions quickly and with confidence. A defining trait of Sage Intacct is the commitment to financial visibility. With its advanced reporting and dashboard capabilities, stakeholders can dissect and monitor financial metrics that are critical to a business’s strategic vision, enabling leadership to pivot or accelerate with accurate backing. Moreover, Sage Intacct is engineered to scale, offering entities the assurance that the software can grow in tandem with their operations. In accounting terms, Sage Intacct is a friend to compliance, offering a suite of features that assist businesses in adhering to accounting standards and regulations, such as GAAP, IFRS, and others. It also reinforces internal controls, helping to mitigate financial risk and establish a transparent financial environment. Given its cloud foundation, Sage Intacct provides anywhere, anytime access to financial data, a necessity in a globalized and mobile business landscape. The security of this data is not overlooked; Sage Intacct commits to established protocols to safeguard sensitive financial information against modern threats. Sage Intacct, thus, stands out as a potent tool that facilitates enhanced financial management, augments strategic decision-making capabilities, and assures compliance and security, all while offering expandability to accommodate the dynamic nature of growing businesses. It remains an integral part of the Sage Business Cloud, geared towards empowering organizations with precision and agility in their financial operations.... [Read more](https://www.softwareadvice.com/accounting/intacct-accounting-profile/) ### What users love - Intuitive and user-friendly interface - Robust accounting process automation - Flexible multi-dimensional reporting tools ### To take in mind - Complex and rigid report customization - Slow and unresponsive support experience - Expensive and escalating costs ### Best rated features: Tax Calculation 5.0 Quotes/Estimates 5.0 Real-Time Reporting 5.0 Customer Statements 5.0 [See all features](https://www.softwareadvice.com/accounting/intacct-accounting-profile/#key-features) 4.43 [(105)](https://www.softwareadvice.com/accounting/tagetik-profile/reviews/) Best for:Value for money ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary CCH Tagetik is a unified BI and accounting software that helps to optimize financial and operational planning. The solution also shortens the consolidation and closing process and allows users to analyze results, model, as well as compare the financial impact of different business scenarios. CCH Tagetik offers additional features which include adjusting strategic plans, updating rolling forecasts and producing formatted and auditable financial statements as well as management reports. The solution allows users to collaborate on business reviews and automates disclosure and board reporting. CCH Tagetik is deployable on the cloud, on-premises or in a hybrid approach, with the flexibility to transition from one to the other. CCH Tagetik has integrations with various platforms including the full Microsoft Office and BI suite, Qlik and SAP HANA. Companies use the software across all industry segments, including banking & financial services, manufacturing, insurance, software/technology firms, CPG, telecommunications, construction, and healthcare, and is most applicable to large enterprises.... [Read more](https://www.softwareadvice.com/accounting/tagetik-profile/) ### Best rated features: Forecasting 5.0 Third-Party Integration 5.0 Financial Consolidation & Close Management 5.0 Version Control 5.0 ### Worst rated features: Chart of Accounts 4.0 Dashboard 4.0 [See all features](https://www.softwareadvice.com/accounting/tagetik-profile/#key-features) ### Pricing availability Free trial: Not available Free version: Not available [FloQast](https://www.softwareadvice.com/accounting/floqast-profile/) 4.87 [(106)](https://www.softwareadvice.com/accounting/floqast-profile/reviews/) Best for:Value for money ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary FloQast, an Accounting Automation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.... [Read more](https://www.softwareadvice.com/accounting/floqast-profile/) ### Best rated features: Multi-Company 5.0 Audit Management 5.0 Financial Consolidation & Close Management 5.0 Due Date Tracking 5.0 ### Worst rated features: Project Management 4.0 [See all features](https://www.softwareadvice.com/accounting/floqast-profile/#key-features) [Budgyt](https://www.softwareadvice.com/accounting/budgyt-profile/) 4.87 [(68)](https://www.softwareadvice.com/accounting/budgyt-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary If you're managing budgets in Excel, there's a good chance you've experienced this: over 8,000 formulas in your budget, any one capable of failing at the worst moment. Department heads sending versions back and forth via email. Mysterious errors surfacing right before you present to the board. Weekends disappearing while you hunt for that one number that refuses to reconcile. We created Budgyt because our founder lived this exact nightmare as a CFO. Budgyt is built on a real database but works exactly like Excel, meaning your team won't need training. The difference? Formulas can't break. Every number traces directly back to its source with a single click. You import your chart of accounts and actuals straight from your accounting system. Click any variance and instantly drill down to vendor-level detail. Update rolling reforecasts monthly without having to rebuild your entire structure. Our API connections get you operational in hours instead of months spent on implementation consulting. Who needs Budgyt: Multi-department organizations where budgeting must be collaborative, but finance needs to maintain control. Nonprofits managing grants and restricted funding. Professional services firms with multiple locations. Healthcare organizations. Any growing business where Excel has become unmanageable but you need software your team will actually adopt. Key capabilities: Built-in payroll allocation splits salaries across departments or grants with percentages that stay intact. Dynamic driver formulas for metrics like revenue per customer or cost per unit. Build once, works forever. Unlimited team collaboration with department heads contributing directly while you maintain approval controls. Board-ready reporting that exports to your exact Excel format or uses dynamic dashboards for instant visualization. Support and implementation: Average onboarding takes two weeks once you provide your files. Email and phone support available Monday through Friday 9am to 6pm, plus Saturday mornings. You're working with a team that understands finance, not reading scripts. Pricing: Starts at $425/month based on how many departments you budget for. Unlimited users included. We don't charge per seat because collaboration shouldn't cost extra. Setup and training fees apply. Nonprofit pricing available. No more emailing spreadsheets. No more "did I break something?" panic. No more sweating through board meetings. Just budgeting software that actually works the way you need it to. Free pilots available using your actual data. See it work with your real budget structure before committing.... [Read more](https://www.softwareadvice.com/accounting/budgyt-profile/) ### Best rated features: Audit Trail 5.0 Strategic Planning 5.0 Financial Reporting 5.0 Activity Dashboard 5.0 ### Worst rated features: Asset Lifecycle Management 2.5 Cash Management 2.6 Expense Management 3.0 API 3.8 [See all features](https://www.softwareadvice.com/accounting/budgyt-profile/#key-features) ### Pricing - For Profit $499.00/month Say goodbye to stressful spreadsheets and endless version control. Budgyt gives finance teams the clarity and confidence they’ve been missing. Starting at $499/month, you get unlimited users, effortless forecasting, and the power to build, compare, and reforecast budgets in minutes. Turn complex data into simple, visual insights your whole team can understand. Import from Excel, create driver-based models, and see the story behind every number. Secure, ISO-certified, and backed by a dedicated success manager, Budgyt lets you plan with accuracy, collaborate with ease, and walk into every board meeting fully in control.... [Read more](https://www.softwareadvice.com/accounting/budgyt-profile/#pricing-and-plans) ### Pricing - For Non-Profits $399.00/month Say goodbye to stressful spreadsheets and endless version control. Budgyt gives finance teams at non-profit organizations the clarity and confidence they’ve been missing. Starting at $399/month, you get unlimited users, effortless forecasting, and the power to build, compare, and reforecast budgets in minutes. Turn complex data into simple, visual insights your whole team can understand. Import from Excel, create driver-based models, and see the story behind every number. Secure, ISO-certified, and backed by a dedicated success manager, Budgyt lets you plan with accuracy, collaborate with ease, and walk into every board meeting fully in control.... [Read more](https://www.softwareadvice.com/accounting/budgyt-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/accounting/budgyt-profile/#pricing-and-plans) [OneStream](https://www.softwareadvice.com/product/263326-OneStream-XF/) 4.76 [(82)](https://www.softwareadvice.com/product/263326-OneStream-XF/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary OneStream is an enterprise finance platform. The platform aggregates financial and operational data from multiple systems into a single model. It includes purpose-built AI services that leverage advanced analytics in business processes. The platform also has built-in financial intelligence for accounts, currencies, ownership, and intercompany activities. This streamlines financial close processes and operations. OneStream allows organizations to continually adapt the platform as their needs evolve. The platform is designed with a focus on enterprise-grade security and data privacy. It adheres to industry-standard protocols such as SOC1, SOC2, HIPAA, and FedRAMP.... [Read more](https://www.softwareadvice.com/product/263326-OneStream-XF/) ### Best rated features: Receipt Management 5.0 Access Controls/Permissions 5.0 Consolidation/Roll-Up 5.0 Document Management 5.0 ### Worst rated features: Asset Lifecycle Management 3.0 Scenario Planning 3.3 Customizable Dashboard 3.5 Scheduled/Automated Reports 3.5 [See all features](https://www.softwareadvice.com/product/263326-OneStream-XF/#key-features) [Payhawk](https://www.softwareadvice.com/accounting/payhawk-profile/) 4.60 [(187)](https://www.softwareadvice.com/accounting/payhawk-profile/reviews/) Best for:Small businesses ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Payhawk is a spend management platform that combines corporate cards, international bank payments, accounts payable, expense management, and integrations with ERP and accounting systems into one unified system. The platform is designed for midsize and large businesses. Payhawk's automated expense management features streamline the entire process. This includes automated receipt capture, expense categorization, approval workflows, and direct reimbursements to employee bank accounts. The platform provides real-time access to complete spend data across the organization. This empowers users to identify trends, detect anomalies, and enforce policies. Payhawk supports multiple languages and entities. This enables global businesses to centralize and manage their spend across different regions, currencies, and entities.... [Read more](https://www.softwareadvice.com/accounting/payhawk-profile/) ### Best rated features: Mobile App 5.0 Document Management 5.0 Customizable Templates 5.0 ACH Payment Processing 5.0 ### Worst rated features: Customizable Fields 1.0 Financial Reporting 3.0 Dashboard 3.0 Reporting/Analytics 3.3 [See all features](https://www.softwareadvice.com/accounting/payhawk-profile/#key-features) ### Premium Cards Custom Pricing available upon request ### All-in-one Spend Custom Pricing available upon request ### Enterprise Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/accounting/payhawk-profile/#pricing-and-plans) [Lucanet](https://www.softwareadvice.com/erp/lucanet-world-profile/) 4.64 [(107)](https://www.softwareadvice.com/erp/lucanet-world-profile/reviews/) Best for:Customer support ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary We were born from frustration. In companies large and small, we saw brilliant finance professionals buried in spreadsheets, struggling to make sense of complex data and meet tight deadlines. We knew there had to be a better way.  That's why we created Lucanet. We're not just building software. We're building confidence, driving growth, and empowering the office of the CFO to lead with ease.    Our CFO Solution Platform takes the complexity out of consolidation, planning and reporting, giving finance teams back their most valuable asset: time. Time to analyze, strategize, and become true partners in driving organizational success. With Lucanet, finance teams themselves transform – from data entry clerks to trusted advisors with the power to make impactful decisions.  Simplicity drives Lucanet. We create intelligent software that's user-friendly, standardized and ready to go – right out-of-the-box. Our SaaS-based platform empowers finance professionals to break free from complexity with the tools they need to deliver compliance-ready data, automate tedious tasks, and unlock valuable insights. Liberated from the mundane, finance professionals finally have the time and insights they need to make a real difference for their organizations.  Today, over 5,000 companies across the globe trust Lucanet. We've grown to a small passionate group to a large passionate team of more than 800 individuals, all dedicated to the success of the CFO office. Together with our worldwide network of partners, we provide the local knowledge, implementation expertise, and ongoing support that our customers deserve.... [Read more](https://www.softwareadvice.com/erp/lucanet-world-profile/) ### Best rated features: Predictive Analytics 5.0 Drag & Drop 5.0 Reporting/Analytics 5.0 Real-Time Monitoring 5.0 [See all features](https://www.softwareadvice.com/erp/lucanet-world-profile/#key-features) [Bob Finance](https://www.softwareadvice.com/product/191104-Mosaic/) 4.77 [(57)](https://www.softwareadvice.com/product/191104-Mosaic/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary HiBob Finance is a strategic finance platform that provides real-time financial analytics and planning. The platform caters to a variety of industries, such as software, professional services, healthcare, financial services, B2C, and nonprofit organizations. HiBob Finance's key features include collaborative budgeting, automated reporting and metrics, and AI-powered insights. It allows businesses to make a team plan by inviting business partners to forecast their expenses and headcount, with built-in workflows to streamline the budgeting process. It enables users to leverage out-of-the-box metrics or build and customize their own metrics, automating monthly and quarterly reports. Teams can identify performance drivers and summarize trends in board-ready formats, allowing users to shape their narrative with chat-based prompts.... [Read more](https://www.softwareadvice.com/product/191104-Mosaic/) ### Best rated features: Real Time Editing 5.0 Third-Party Integrations 5.0 Expense Management 5.0 Collaboration Tools 5.0 ### Worst rated features: Predictive Analytics 2.0 Workflow Management 3.8 Functions/Calculations 4.0 Single Page View 4.0 [See all features](https://www.softwareadvice.com/product/191104-Mosaic/#key-features) ### Analytics Custom Pricing available upon request ### Foundation Custom Pricing available upon request ### Growth Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/product/191104-Mosaic/#pricing-and-plans) [Prophix One](https://www.softwareadvice.com/accounting/prophix-profile/) 4.58 [(126)](https://www.softwareadvice.com/accounting/prophix-profile/reviews/) Best for:Ease of use ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Prophix is a financial management solution used for financial consolidation, budgeting, analysis, planning and management reporting. The solution provides a spreadsheet-style interface that helps users to analyze financial data and organize information. Prophix can be deployed both cloud and on-premises and is suitable for a range of industries such as financial services, construction, government, and utilities. Prophix lets users manage information such as budgeting requirements, cash flow, balance sheets and income statements. Data analysis tools are also available. The solution supports both non-financial and financial budgeting, including top down, bottom up, zero-based and activity-based methodologies. The solution offers multiple modeling options for forecasting such as inter-period forecasts, "‘what-if" analysis and rolling forecasts. It also provides modules for saving personnel records, such as salary, medical expenses and tax calculations. Support is offered via phone and email.... [Read more](https://www.softwareadvice.com/accounting/prophix-profile/) ### Best rated features: Modeling & Simulation 5.0 Goal Setting/Tracking 5.0 Multi-Department/Project 5.0 Financial Management 5.0 ### Worst rated features: OLAP 1.0 Dashboard 2.0 [See all features](https://www.softwareadvice.com/accounting/prophix-profile/#key-features) ### Basic $1.00 [See full pricing details](https://www.softwareadvice.com/accounting/prophix-profile/#pricing-and-plans) [Board](https://www.softwareadvice.com/product/1931-BOARD/) 4.55 [(138)](https://www.softwareadvice.com/product/1931-BOARD/reviews/) Best for:Customer support ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary 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 the most 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.... [Read more](https://www.softwareadvice.com/product/1931-BOARD/) ### Best rated features: API 5.0 Benchmarking 5.0 Goal Setting/Tracking 5.0 Milestone Tracking 5.0 ### Worst rated features: Visual Analytics 2.0 Version Control 3.0 [See all features](https://www.softwareadvice.com/product/1931-BOARD/#key-features) [Farseer](https://www.softwareadvice.com/sales-performance-management/farseer-profile/) 4.90 [(21)](https://www.softwareadvice.com/sales-performance-management/farseer-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Farseer is a cloud-based software helping companies to eliminate manual work, improve accuracy and security, and gain new insights in the domain of financial planning and analytics. It is like an Excel specialized for finances, with the robustness of a web application, amplified with predictive features. Our target clients are companies overgrowing spreadsheets, 200+ employees, with multiple people doing financial planning, and are struggling with spreadsheet tools on a daily basis. Benefits: 1. Rapid modeling - Easy, intuitive, and flexible modeling. All spreadsheet benefits, none of the downsides. 2. Demand Forecasting - Collaborative top-down and bottom-up planning blended with machine forecasting. 3. Interactive Dashboards - Live dashboards with powerful interactive widgets and real-time reports. 4. Collaborative planning - Centralized financial planning designed for teams... [Read more](https://www.softwareadvice.com/sales-performance-management/farseer-profile/) ### Best rated features: Strategic Planning 5.0 Budgeting/Forecasting 5.0 Real-Time Analytics 5.0 Reporting & Statistics 5.0 ### Worst rated features: Collaboration Tools 4.0 Scenario Planning 4.0 Modeling & Simulation 4.0 [See all features](https://www.softwareadvice.com/sales-performance-management/farseer-profile/#key-features) [Aurum Solutions](https://www.softwareadvice.com/financial-close/aurum-solutions-profile/) 5.0 [(17)](https://www.softwareadvice.com/financial-close/aurum-solutions-profile/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Catering to businesses in the retail, finance, and hospitality industries, Aurum Solutions is a cloud-based reconciliation platform. It helps users match multiple transactions daily in seconds, enabling CFOs and finance teams to save costs, streamline processes, and ensure compliance. It allows users to automate extracting, transforming, and data loading processes, along with reconciliation. Reconciliation can be scheduled for any hour of the day so that finance teams always have up-to-date data at hand. Aurum Solutions provides in-app communication between colleagues, allowing for exception management to be conducted seamlessly. It offers custom dashboards to provide visual insights, allowing finance leaders to not only make strategic decisions but also accessibly share important information with C-suite peers. It helps create audit trails in tandem with every action that takes place within the platform. Where transactions are loaded from, when they were matched, who investigated exceptions, who approved journal files, and everything else is all tracked to produce complete audit trails. It enables organizations to pre-configure or customize industry-specific matching rules with a user-friendly drag-and-drop system. Its balance checker cross-references data with external sources to ensure potential loading errors are exposed instantly. With several features and endless customizations, clients experience a new way to engage with financial activities. Aurum’s support team assists users in creating new reports, matching processes, and more.... [Read more](https://www.softwareadvice.com/financial-close/aurum-solutions-profile/) ### Best rated features: Multi-Country 5.0 Reporting/Analytics 5.0 Multi-Company 5.0 Financial Templates 5.0 ### Worst rated features: Accounting Integration 4.0 Compliance Management 4.0 [See all features](https://www.softwareadvice.com/financial-close/aurum-solutions-profile/#key-features) [Vena](https://www.softwareadvice.com/bpm/vena-profile/) 4.54 [(139)](https://www.softwareadvice.com/bpm/vena-profile/reviews/) Best for:Budgeting/Forecasting ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Vena is a financial planning and analysis (FP&A) platform. It is designed to work with Microsoft 365 apps, cloud technology, and AI. It helps organizations in various industries, such as SaaS, healthcare, professional services, and banking, to streamline their planning, budgeting, and reporting processes. Vena's modeling capabilities allow users to create what-if scenarios. They can make bottom-up or top-down adjustments directly within Excel. The platform also provides dashboards and ad-hoc reporting features. These enable finance teams to improve their analysis and decision-making. Vena's centralized templates, co-authoring, and live chat functionalities promote collaboration and data transparency throughout the planning process.... [Read more](https://www.softwareadvice.com/bpm/vena-profile/) ### Best rated features: Commission Management 5.0 Fixed Asset Management 5.0 Statistical Analysis 5.0 Dynamic Modeling 5.0 ### Worst rated features: Customizable Dashboard 3.0 Exception Reporting 3.0 Asset Lifecycle Management 3.0 Self-Service Reporting 3.5 [See all features](https://www.softwareadvice.com/bpm/vena-profile/#key-features) [Workday Adaptive Planning](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/) 4.47 [(231)](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/reviews/) Best for:Features ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Workday Adaptive Planning is a native-cloud planning solution that empowers finance to configure sophisticated, driver-based models with ease, analyze unlimited scenarios on the fly, and use AI and machine learning (ML) to create predictive forecasts and gain insights. With Workday Adaptive Planning, FP&A teams can create budgets and forecasts with more speed, flexibility, collaboration, and accuracy. And with unlimited scenario analysis backed by machine learning, you can deliver fast answers to complex questions and gain real-time insights. The planning platform has a purpose-built integration framework that helps organizations adapt and perform at scale. Its dashboards and reports ensure that everyone on the team can access timely insights.... [Read more](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/) ### Best rated features: Historical Reporting 5.0 Demand Forecasting 5.0 Marketing Calendar 5.0 Financial Management 5.0 ### Worst rated features: For Nonprofits 1.0 Real-Time Data 2.0 Visual Analytics 2.0 Dues Management 2.0 [See all features](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/#key-features) ### Workday Adaptive Planning Custom Pricing available upon request ### Workday Adaptive Planning & Consolidation Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/#pricing-and-plans) [Solver](https://www.softwareadvice.com/accounting/solver-bi360-profile/) 4.46 [(81)](https://www.softwareadvice.com/accounting/solver-bi360-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Solver is a hybrid corporate performance management (CPM) solution based on the Microsoft platform. It caters to businesses of all sizes across various industry verticals. Key features include reporting, budgeting, dashboards and data warehousing. It can be deployed either in the cloud or on-premise. Solver comes with pre-built integrations to a number of ERPs including Microsoft Dynamics 365, GP, AX, NAV, SL, Acumatica, Sage Intacct and more. It offers both real-time and data warehouse-based reporting, as well as both multi-company and multi-currency reporting. Support is offered via phone, email and online tutorials.... [Read more](https://www.softwareadvice.com/accounting/solver-bi360-profile/) ### Best rated features: ETL - Extract Transfer Load 5.0 Ad hoc Reporting 5.0 Chart of Accounts 5.0 "What If" Scenarios 5.0 ### Worst rated features: Multiple Data Sources 3.0 [See all features](https://www.softwareadvice.com/accounting/solver-bi360-profile/#key-features) [DualEntry](https://www.softwareadvice.com/product/525922-DualEntry/) 4.71 [(21)](https://www.softwareadvice.com/product/525922-DualEntry/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary DualEntry is an accounting suite designed to help businesses scale. It can manage multiple transactions per month and offers multi-currency support and real-time insights. The platform is compliant with SOX, SOC2, and GDPR regulations. DualEntry's suite of accounting features includes a secure AI-native general ledger, accounts receivable and payable management, global cash visibility, tax compliance, and AI-enhanced reconciliation. It also offers capabilities such as automated revenue recognition, subscription billing, fixed asset management, and multi-entity consolidation. The platform provides businesses with visibility through its native integrations, customizable general ledger, and real-time reporting and analytics. DualEntry's AI-powered automations and intelligence can handle ahuge amount of transactions with the same headcount, allowing finance teams to close the books and focus on higher-value work. DualEntry offers direct CPA support, and a commitment to data security and compliance, making it a suitable solution for accounting firms, audit firms, private equity, advisory firms, CFO firms, venture capital, and software companies.... [Read more](https://www.softwareadvice.com/product/525922-DualEntry/) ### Best rated features: Reminders 5.0 Budgeting/Forecasting 5.0 Dashboard 5.0 Visual Analytics 5.0 ### Worst rated features: Tax Management 3.5 Accounting 4.0 API 4.0 Data Security 4.0 [See all features](https://www.softwareadvice.com/product/525922-DualEntry/#key-features) ### DualEntry Custom Pricing available upon request ### DualEntry Plus Custom Pricing available upon request ### DualEntry Ultra Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/product/525922-DualEntry/#pricing-and-plans) [Clay](https://www.softwareadvice.com/product/377265-clay/) 4.70 [(10)](https://www.softwareadvice.com/product/377265-clay/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Clay is a financial and accounting platform designed to automate financial management and bank reconciliation processes for businesses. It helps businesses centralize financial information in one location, facilitating collaboration between accountants and business owners. The platform is suitable for digital service companies, multi-company operations, commercial businesses, and other industries in the Chilean market. The software includes automatic bank reconciliation powered by an AI-driven matching engine, automating a significant portion of reconciliation tasks. It connects with multiple banks, the Chilean Tax Service, and TGR through a banking API, providing access to bank transactions, balances, and tax documents. Features include cash flow projections, automated accounting entries, financial reporting tools such as balance sheets and income statements, and tax management functions. It supports multi-company management from a single dashboard, allowing users to switch between company accounts efficiently. Clay consolidates financial data from banks, ERP systems, and spreadsheets into an organized platform. It generates financial and accounting reports, manages customer and supplier information, and provides a control panel with key performance indicators. The platform also handles automated collections and invoicing through the Chilean Tax Service.... [Read more](https://www.softwareadvice.com/product/377265-clay/) ### Best rated features: Contact Management 5.0 Invoice Processing 5.0 Multi-Currency 5.0 Accounting 5.0 ### Worst rated features: Tax Management 3.0 Workflow Management 3.0 Accounts Payable 3.5 API 4.0 [See all features](https://www.softwareadvice.com/product/377265-clay/#key-features) ### Basic $115.00/month [See full pricing details](https://www.softwareadvice.com/product/377265-clay/#pricing-and-plans) [SAP Taulia](https://www.softwareadvice.com/product/445917-SAP-Taulia/) 4.83 [(6)](https://www.softwareadvice.com/product/445917-SAP-Taulia/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary SAP Taulia, a global fintech leader, delivers AI-powered working capital solutions that unlock liquidity and drive supply chain resilience. With a global network of 40+ funding partners and over $800 billion in annual transaction volumes, SAP Taulia offers the most comprehensive set of working capital management tools in the industry - seamlessly embedded into SAP’s Business Suite. Trusted by global leaders like Airbus, Red Bull, T-Mobile, and Bridgestone, SAP Taulia’s reliable and innovative platform empowers businesses to accelerate cash flow and unlock growth opportunities at scale.... [Read more](https://www.softwareadvice.com/product/445917-SAP-Taulia/) ### Best rated features: Discount Management 5.0 Invoice Processing 5.0 Supplier Management 5.0 Online Invoicing 5.0 [See all features](https://www.softwareadvice.com/product/445917-SAP-Taulia/#key-features) [Pyplan](https://www.softwareadvice.com/accounting/pyplan-profile/) 4.83 [(6)](https://www.softwareadvice.com/accounting/pyplan-profile/) ### Pricing availability Free trial: Available Free version: Available Software Advice Summary Pyplan, as an advanced Planning and Analysis platform, possesses the adaptability to cater to personalized planning methodologies while also exhibiting the capability to effectively govern an entire organization. By seamlessly merging Sales, Operations, HR, and Finance into a cohesive environment, it fosters a comprehensive perspective and streamlines decision-making processes, thereby saving valuable time. Seamlessly establish connections with and automate a wide range of data sources, enabling real-time data processing, scenario planning, and simulation. Additionally, effortlessly generate and distribute interactive applications for enhanced collaboration and sharing.... [Read more](https://www.softwareadvice.com/accounting/pyplan-profile/) ### Best rated features: Business Process Automation 5.0 Business Process Control 5.0 Access Controls/Permissions 4.8 Reporting/Analytics 4.8 ### Worst rated features: Process Modeling & Designing 4.0 [See all features](https://www.softwareadvice.com/accounting/pyplan-profile/#key-features) ### Basic $75.00/year [See full pricing details](https://www.softwareadvice.com/accounting/pyplan-profile/#pricing-and-plans) [Avise](https://www.softwareadvice.com/project-management/avise-profile/) 4.71 [(7)](https://www.softwareadvice.com/project-management/avise-profile/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Avise is Close & Project management software for accounting firms that provides automation, collaboration, and centralization of practice processes so businesses can focus on providing premium services to clients. By combining close checklists, amortization & depreciation schedules, flux analysis, and consolidation with client GL-level data, Avise aligns the work of the team across clients within one system, increasing capacity to deliver on-time, premium services.... [Read more](https://www.softwareadvice.com/project-management/avise-profile/) ### Best rated features: General Ledger 5.0 Accounts Payable 5.0 Bank Reconciliation 5.0 Accounts Receivable 5.0 [See all features](https://www.softwareadvice.com/project-management/avise-profile/#key-features) [Adra Balancer](https://www.softwareadvice.com/accounting-practice-management/adra-accounts-profile/) 4.80 [(5)](https://www.softwareadvice.com/accounting-practice-management/adra-accounts-profile/) ### Pricing availability Free trial: Available Free version: Available Software Advice Summary Adra by Trintech is a cloud-based financial close automation solution that helps mid-market customers simplify and automate their financial close process. The Adra Suite allows businesses to set up a system of controls around the accounting process which provides greater efficiency, accuracy and visibility to their team. Key features of Adra include automated balance import and processing, trial balance roll-forwards, workflow approvals, open-item tracking, audit trails, and BI reporting. Adra integrates with SAP, Oracle NetSuite, Sage Intacct, PowerBI, and more via its Integration Hub. Adra is also available for companies looking for direct API endpoint integration with the Universal Application Connector. Pricing for Adra is based on a monthly subscription model with 24/7 global support.... [Read more](https://www.softwareadvice.com/accounting-practice-management/adra-accounts-profile/) ### Best rated features: Bank Reconciliation 5.0 Budgeting/Forecasting 5.0 Payroll Management 4.0 Billing & Invoicing 4.0 [See all features](https://www.softwareadvice.com/accounting-practice-management/adra-accounts-profile/#key-features) ### Basic Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/accounting-practice-management/adra-accounts-profile/#pricing-and-plans) [MODLR](https://www.softwareadvice.com/project-management/modlr-profile/) 4.80 [(5)](https://www.softwareadvice.com/project-management/modlr-profile/) ### Pricing availability Free trial: Available Free version: Available Software Advice Summary MODLR is a cloud-based integrated planning platform that supports finance, sales, human resources, marketing and operations departments to unify and streamline their business planning and FP&A processes. From global enterprises to start-ups, organisations of all sizes and industries use MODLR to serve their end-to-end planning needs. The MODLR Cloud's budgeting, forecasting, reporting, dashboards and financial modelling solutions provide organisations with real-time plans and a single version of truth, powering well-informed decision-making. Organisations can leverage the MODLR platform's enterprise-level scalability, performance, and extensibility whilst still using Excel with MODLR's Excel add-in.... [Read more](https://www.softwareadvice.com/project-management/modlr-profile/) ### Basic $30.00/month [See full pricing details](https://www.softwareadvice.com/project-management/modlr-profile/#pricing-and-plans) [SmartConcil](https://www.softwareadvice.com/product/521963-SmartConcil/) 4.80 [(5)](https://www.softwareadvice.com/product/521963-SmartConcil/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary SmartConcil is a web-based platform that helps businesses of all sizes automate financial reconciliation and conduct Big Data analytics. The platform streamlines the reconciliation process by automatically collecting, cleaning and sanitizing all financial data. Key features include real-time fraud detection, financial reporting and customizable rule-based engines. The platform's dashboards allow businesses to monitor financial behavior in real-time and manage cash flow. It also provides manual file upload and reconciliation capabilities, automatic data collection, business rules customization and integration with various financial data formats.... [Read more](https://www.softwareadvice.com/product/521963-SmartConcil/) ### Best rated features: Data Discovery 5.0 Multi-Currency 5.0 Cash Flow Management 5.0 Reporting/Analytics 5.0 [See all features](https://www.softwareadvice.com/product/521963-SmartConcil/#key-features) [Jedox](https://www.softwareadvice.com/business-performance-managemen/jedox-profile/) 4.40 [(119)](https://www.softwareadvice.com/business-performance-managemen/jedox-profile/reviews/) Best for:Financial Reporting ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Jedox is the world’s most adaptable planning and performance management platform that empowers organizations to deliver plans that outperform expectations. From FP&A to broader integrated business planning, model any scenario, integrate data from any source and simplify cross-organizational plans across all business systems. Finance, sales, workforce, supply chain, and operations teams work together in one unified platform. Jedox enables a culture of decisiveness and confidence so teams can plan for opportunities, react quickly to changes, and uncover what they didn’t know was possible. What makes Jedox unique are the following three capabilities: Adaptability - Jedox is the world’s most adaptable planning and performance management platform for Finance, Sales, and every other team, connected through integrated business planning across the organization. Integration - Jedox integrates data from any source and across all business systems to create a unified plan and single source of truth activated by all the data that matters. Simplification - Jedox delivers cross-organizational, collaborative, and straightforward planning for even the most complex businesses through practical artificial intelligence and other advanced technologies. According to a BARC 2022 study, Jedox earns a 94% user satisfaction rate and a 92% user recommendation rate. And for over twenty years, Jedox has served over 2500 global organizations with pride and German-engineered precision.... [Read more](https://www.softwareadvice.com/business-performance-managemen/jedox-profile/) ### Best rated features: Multi-Company 5.0 Self-Service Reporting 5.0 Chart of Accounts 5.0 Multi-Currency 5.0 ### Worst rated features: Tax Management 3.6 Data Import/Export 4.0 [See all features](https://www.softwareadvice.com/business-performance-managemen/jedox-profile/#key-features) 1 [2](https://www.softwareadvice.com/financial-close/?page=2) ## Popular Comparisons [ Sage Intacct vs NetSuite ](https://www.softwareadvice.com/accounting/intacct-accounting-profile/vs/netsuite-financials-accounting-software/)[ Bob Finance vs Board ](https://www.softwareadvice.com/compare/1931-BOARD/vs/191104-Mosaic/)[ CCH Tagetik vs Lucanet ](https://www.softwareadvice.com/erp/lucanet-world-profile/vs/tagetik/)[ Vena vs Planful ](https://www.softwareadvice.com/accounting/host-analytics-profile/vs/vena/) Today’s businesses often rely on a variety of accounts payable and receivable systems to manage their financial position. With financial data coming from so many directions, the process of coordinating monthly, quarterly, and annual closings can be cumbersome. Delays in closing can lead to elevated risk assessments from vendors, inaccuracy of financial reporting, and the inability to forecast future financial positions. Financial close software provides businesses with the tools to streamline accounting workflows by managing the overwhelming amount of data. In doing so, companies can benefit from faster, more efficient closing lifecycles. This guide will help you understand the different factors that must be considered when choosing a financial close software solution. Here’s what we'll cover: - [What is financial close software?](#Whatisfinancialclosesoftware) - [Common features of financial close software](#Commonfeaturesoffinancialclosesoftware) - [What type of buyer are you?](#Whattypeofbuyerareyou) - [Benefits of financial close software](#Benefitsoffinancialclosesoftware) - [Key considerations](#Keyconsiderations) - [Market trends](#Markettrends) ## What is financial close software? Financial close software draws on accounting data from multiple financial systems—such as general ledgers, balance sheets, and cash flow statements—to assist in monthly, quarterly, or annual business closings. The consolidation of financial data using one tool allows for the creation of detailed periodic reports and audit trails that can be used to improve financial workflows. ## Common features of financial close software While features vary from product to product, financial close software typically offers some or all of the following functionality: **Financial consolidation and close management** Collect data from multiple accounting and ledger systems, and manage workflows of periodic financial closures. **Financial reporting** Generate reports, such as income statements and balance sheets, that gauge the performance and financial position of a company. **General ledger** Track all financial transactions and record them in a centralized accounting record. **Audit trail** Provide detailed date and time information about when accounting entries are recorded. **Budgeting and forecasting** Allow finance managers to forecast potential financial positions and reallocate expenses as needed. **Dashboard** Display visual representations of statistics and metrics using graphs and charts. **Income and balance sheets** Create statements detailing the financial position of a business using key indicators, such as assets, liabilities, and equity. **Territory management** Organize customers into geographical or virtual territories and assign them to accounting personnel. **Third-party integration** Pull financial data from existing business systems and consolidate information from multiple sources. ## What type of buyer are you? As you research your options for financial close software, consider the type of buyer you are. This will help you better understand your company's needs and the required software features: - **Businesses with a high number of payees:** A key requirement of an accounting department is to make sure that employees, vendors, and suppliers are paid on time. The more payees a company is beholden to, the more complicated the accounting processes become. By utilizing financial close software, these companies can be prepared to consolidate payments across multiple vendors and liabilities in order to hit target closing dates. - **Companies outsourcing accounting duties:** In order to save accounting costs, small to midsize companies are increasingly outsourcing some accounting functions—such as payroll and tax accounting—to third-party companies. Financial close software provides companies with the tools to consolidate third-party financial data with in-house accounting packages and report closing data across multiple platforms. ## Benefits of financial close software By employing financial close software, companies can experience the following benefits: - **Accelerate vendor response:** By providing up-to-date information on outstanding liabilities to vendors and suppliers, financial close software allows your company to prioritize which bills to pay first. In doing so, you will be poised to take advantage of relationships with vendors that reward their clients that pay earlier in the way of product discounts. - **Improve accounting workflows:** In addition to simplifying current accounting close cycles, financial close software provides an audit trail as a tool for identifying where accounting errors and bottlenecks occur. By analyzing date and time information for accounting entries, you will have the information necessary to streamline and improve accounting workflows. - **Gauge performance and forecast:** With all accounting information consolidated in one place at the time of close, financial close software can generate detailed reports about the efficiency of current process and provide vital information to help prepare for future periodic closings. ## Key considerations for purchasing financial close software With so many financial close software offerings on the market today, the process of selecting a vendor can be difficult. Consider the following when choosing a financial close software: - **Keeping up with requirements:** Companies are increasingly being required to meet the demands of governmental and industry regulations, all of which will ultimately impact financial closing and auditing. Before choosing a financial close software solution, be sure to research which product offerings are poised to provide the flexibility to keep up with your industry’s specific requirements. - **Integration with existing systems:** Considering that the goal of financial close software is to consolidate data from multiple accounting systems, it’s vital that you choose an offering that is capable of integrating with your current environment. Be sure to perform an inventory of the software you already have in place before choosing a vendor. ## Market trends to understand When researching the financial close software market, there are some market trends that you may want to consider. **Decentralized workforce:** Due to the recent COVID-19 pandemic and an overall increase in mobile and cloud computing, [more than half of employees](https://assets.regus.com/pdfs/iwg-workplace-survey/iwg-workplace-survey-2019.pdf) globally are now working at least 2.5 days a week outside of their office headquarters. As this trend continues, consolidation of financial data across multiple departments will increasingly benefit from financial close software. **Outsourcing of accounting functions:** In 2019, [37% of companies](https://clutch.co/bpo/virtual-assistants/resources/small-business-outsourcing-statistics) surveyed said that they were using some method of outsourcing to reduce costs, with accounting and payroll being the most outsourced functions. Consolidation of financial from third-party sources will continue to be a challenge for companies that aren’t taking advantage of financial close software. **_Note:_** _The application selected in this article is an example to show a feature in context and is not intended as an endorsement or recommendation. It has been obtained from sources believed to be reliable at the time of publication._ ### Related Financial Close Software - [Accounting Software](https://www.softwareadvice.com/accounting/) - [Accounts Payable Software](https://www.softwareadvice.com/accounting/accounts-payable-comparison/) - [Accounts Receivable Software](https://www.softwareadvice.com/accounting/accounts-receivable-comparison/) - [Billing and Provisioning Software](https://www.softwareadvice.com/billing-and-provisioning/) - [Bookkeeper Software](https://www.softwareadvice.com/accounting/bookkeeping-comparison/) - [Financial Reporting Software](https://www.softwareadvice.com/accounting/financial-reporting-comparison/) - [General Ledger Software](https://www.softwareadvice.com/accounting/general-ledger-comparison/) - [Project Accounting Software](https://www.softwareadvice.com/accounting/project-accounting-software-comparison/) - [Revenue Recognition Software](https://www.softwareadvice.com/revenue-recognition/)