Best Financial Close Software

Financial close software, also called accounting close software, provides tools to help businesses complete the financial close cycle. Many organizations perform financial close at the end of each month, during which accountants within an organization use this software to ensure the books are accurate and any transactions were successfully completed. Tasks, such as bill payment and delivery, expense approval, and lead importing, will be laid out in checklists and checked off once completed. Financial close products often include features such as individual task allocation, reconciliation management, and databases of past accounting close data organized by month and transaction type. Individual progress and deadlines for each period can also be tracked by the accounting team throughout the cycle. These tools typically integrate with spreadsheets and various accounting tools to help users comprehensively document relevant data and identify noteworthy findings or inconsistencies. They may also integrate with or come packaged with other corporate performance management (CPM) features such as financial consolidation or budgeting and forecasting.

To qualify for inclusion in the Financial Close category, a product must:

  • Allow users to create checklists and individual tasks related to closing accounting books
  • Track the financial close process so users can view progress and timelines
  • Provide tools, such as reconciliation depositories or reconciliation management, that help users compare various sets of financial data
  • Integrate with or import spreadsheets from other database or accounting software products
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    BlackLine solutions empowers the accounting and finance function to manage and control the end-to-end financial close process by automating accounting workflows, providing a centralized and secure workspace to perform period-end accounting activities, and streamlining financial reporting. The resulting absence of complex, manual, and error-prone steps inherent in dated accounting practices, enables teams to focus on analyzing discrepancies and uncovering new ways to create value for the organi

    Host Analytics
    (103)4.2 out of 5
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    Optimized for quick response

    Host Analytics is the industry’s leading provider of scalable, cloud-based enterprise performance management (EPM) solutions. Finance is central to making the organization run efficiently and enabling it to meet its goals. We help you achieve this with a scalable, cloud-based platform that automates planning, consolidation and reporting. This reduces manual work and errors, helping you get things done faster and creating time for value-added, strategic work and analysis. The result is an organiz

    FloQast is close management software created by accountants for accountants to close faster and more accurately. On average FloQast customers close three days faster.

    IBM Cognos Controller is a cloud-based solution designed to support the close, consolidation and reporting process.

    Prophix Software
    (43)4.5 out of 5
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    Optimized for quick response

    Your business is evolving. Your systems should evolve too. Achieve your goals more successfully with Prophix’s innovative Corporate Performance Management (CPM) software. Improve profitability and minimize risk when you automate repetitive tasks and focus on what matters. Budget, plan, consolidate and report automatically. Whether in the cloud or on-premise, Prophix supports your future with a platform that flexes to suit your strategic realities, today and tomorrow.

    CCH Tagetik is a unified software platform that improves all of your financial processes including budgeting, planning, forecasting, financial consolidation, financial reporting and disclosure management. CCH Tagetik can be deployed as SaaS, private cloud, or on-premise. The flexibility to seamlessly migrate from one to the other means that we can match your company's strategy today or in the future. Over 1,000 customers around the globe have increased efficiency, reduced risk and saved money wi

    Vena
    (12)4.3 out of 5
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    Optimized for quick response

    Vena Solutions redefines how medium and large sized companies manage their budgeting, planning and revenue forecasting. Vena combines a centralized database, sophisticated workflow, powerful reporting and advanced analytics with Excel to create acloud-based financial planning and analysis (FP&A) solution. Over 500 of the world’s best companies use Vena to get trusted insights that drive faster, smarter business decisions. Vena is the fastest growing company in its sector and recognized leade

    Oracle Financial Consolidation and Close Cloud is a cloud-based solution built to optimize the close. Financial Consolidation and Close Cloud is designed to help minimize risk, provide transparency to the process, and accuracy to the results.

    Axiom arms finance teams and executives with the best tools for budgeting, forecasting, planning, reporting, and more so they can analyze results, model the future, and make more strategic decisions. Axiom Healthcare Suite is uniquely designed to help healthcare organizations realize their missions featuring enterprise planning, cost and decision support, clinical analytics and more to help you realize your mission and improve both financial and clinical performance. Axiom Financial Institutio

    Workiva, the leading cloud provider of connected data, reporting, and compliance solutions, is used by thousands of enterprises across 120 countries, including more than 75 percent of Fortune 500® companies, and by government agencies. Our customers have linked over five billion data elements to trust their data, reduce risk, and save time. For more information about Workiva (NYSE:WK), please visit workiva.com.

    Equity Edge Online is a stock plan administration platform.

    Longview makes performance software for the Now business realities. Hundreds of thousands of business leaders from Global 2000 companies, operating in more than two hundred countries, leverage Longview daily to make strategic and immediate business decisions based on Now business realities. Our performance management software drives the advantage of planning with critical insights into vast and disparate data points. Longview brings budgeting, forecasting, tax reporting, analytics and the fina

    We help our customers improve their financial close process with Breakthrough Simplicity. Our cloud-based solution is integrated and delivers measurable results to theirl balance sheets with improved speed and accuracy. Less audit trails. Less mistakes. Less suffering. More visibility. More control. More time for strategic activities. Ready to own the close process?

    Enterprise-wide transparency, governance and control across the entire Record to Report process. The world's only automated solution that combines all Record to Report activities into a single, seamless process.

    At Trintech, we pride ourselves on our ability to fulfill the needs of Finance & Accounting professionals ahead of anyone else in the market. We deliver innovative, world-class technology and services, each and every step of the way. We understand the deadlines, dynamics, and challenges of managing the Record to Report process. Today, over 3,100 clients across 100+ countries – including the majority of the Fortune 100 – rely on Trintech’s solutions to help streamline their high-volume trans

    Aico is an intelligent financial close automation platform to manage key record-to-report accounting processes: 1. Account Reconciliation 2. Close Task Management 3. Journal Entries Aico makes these processes fast, accurate and efficient with 4 capabilities: • Automation of slow, manual and repetitive tasks. For example, Aico can auto-reconcile up to 70% of general ledger accounts. • Real-time integration to multiple company ERP systems. For example, Aico can validate open periods and busi

    AutoRek is an automated reconciliations solution which comes complete with easy-to-use data loading and preparation functionality, advanced matching capability, workflow to route corrective action requests and queries, case management and management information.

    Contour CPM-platform consists of financial data warehouse and applications designed for building corporate performance management solutions to make better decisions, be proactive, and ultimately boost the bottom-line.

    Data Integrity for Spreadsheets. DataRails is a spreadsheet management solution for financial organizations.

    eOriginal enables an end-to-end solution for fully electronic transactions by extending digital transaction functionality with the eAsset® Management Platform.

    PivotXL is a full stack FP&A and operations management solution. By building on top of Microsoft Excel, we enable users to maximize the flexibility of Excel while providing a data structure on the back end.

    ReconArt is a single-solution technology company providing an automated, fully web-based reconciliation solution to a diverse, global client base. Our reconciliation software delivers high volume transaction matching, exceptions management, reporting and analytics, period end closing, certification, journals and variance analysis. Common business scenarios that we handle: bank reconciliation, credit cart reconciliation, balance sheet reconciliation and close, accounts payables & accounts

    RecWise manages the financial month end close, improves staff satisfaction, audit and account compliance.

    TruEquity is a cap table management software designed to track and manage shares, convertible notes, warrants, options and secondary transactions.

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