# Oracle Financial Consolidation and Close vs Workiva Comparison --- ## AI Generated Summary - **G2 reviewers report** that Workiva excels in user experience, with many praising its **intuitive UI/UX** and powerful data-linking technology. Users appreciate that everything they need is consolidated in one place, making it easy to manage files and track changes. - **Users say** that Oracle Financial Consolidation and Close provides solid support for compliance with standards like IFRS, helping to streamline the consolidation of large financials. However, some users feel it still requires significant manual effort compared to more modern solutions. - **Reviewers mention** that Workiva's implementation process is notably quick and efficient, with many highlighting the **reminders for API token renewals** as a helpful feature that enhances their workflow and keeps them organized. - **According to verified reviews** , while Oracle Financial Consolidation and Close is recognized for its ability to integrate various business functions, users have noted that it can be less user-friendly, with some finding it challenging to navigate compared to Workiva's more straightforward interface. - **G2 reviewers highlight** that Workiva's overall satisfaction ratings are significantly higher, reflecting its strong performance in areas like **ease of use** and **quality of support** , which users find to be responsive and effective in addressing their needs. - **Users report** that while both products serve enterprise-level clients well, Workiva stands out with a larger volume of recent reviews, indicating a more active user base and ongoing improvements, whereas Oracle Financial Consolidation and Close has seen less recent engagement from users. | | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Star Rating** | 4.0 out of 5 | 4.5 out of 5 | | **Total Reviews** | 33 | 2,148 | | **Largest Market Segment** | Enterprise (54.5% of reviews) | Enterprise (57.3% of reviews) | | **Entry Level Price** | No pricing available | No pricing available | --- ## Top Pros & Cons ### Oracle Financial Consolidation and Close Pros: - Helpful (1 reviews) - Integrations (1 reviews) Cons: - Complexity Issues (1 reviews) - Limited Features (1 reviews) ### Workiva Pros: - Ease of Use (364 reviews) - Collaboration (196 reviews) Cons: - Missing Features (113 reviews) - Learning Curve (85 reviews) --- ## Ratings Comparison | Rating | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Meets Requirements** | 7.8 (20 reviews) | 8.8 (934 reviews) | | **Ease of Use** | 7.1 (20 reviews) | 8.7 (1675 reviews) | | **Ease of Setup** | Not enough data | 8.2 (1238 reviews) | | **Ease of Admin** | Not enough data | 8.6 (199 reviews) | | **Quality of Support** | 8.0 (19 reviews) | 8.8 (876 reviews) | | **Has the product been a good partner in doing business?** | Not enough data | 8.9 (202 reviews) | | **Product Direction (% positive)** | 8.2 (19 reviews) | 9.1 (891 reviews) | --- ## Pricing ### Oracle Financial Consolidation and Close #### Entry-Level Pricing No pricing available #### Free Trial No information available ### Workiva #### Entry-Level Pricing No pricing available #### Free Trial No information available --- ## Features Comparison By Category ### Budgeting and Forecasting | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | 8.6/10 | 63 | #### Budget Creation | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Data Import** | Not enough data | 8.5 (49 reviews) | | **Budget Hierarchies** | Not enough data | 8.1 (43 reviews) | | **Versioning** | Not enough data | 8.5 (47 reviews) | | **Formulas** | Not enough data | 8.2 (49 reviews) | | **What-If** | Not enough data | 7.7 (45 reviews) | | **Budget Periods** | Not enough data | 7.8 (44 reviews) | #### Budget Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Consolidation** | Not enough data | 8.3 (45 reviews) | | **Adjustments** | Not enough data | 8.2 (40 reviews) | | **Workflows** | Not enough data | 8.9 (44 reviews) | #### Forecasting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Historical Data** | Not enough data | 8.8 (43 reviews) | | **Reforecast** | Not enough data | Feature Not Available | | **Forecast Types** | Not enough data | Feature Not Available | | **Rolling Forecasts** | Not enough data | Feature Not Available | | **AI** | Not enough data | 7.3 (31 reviews) | #### Analytics | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Variance Analysis** | Not enough data | Feature Not Available | | **Forecasts Comparison** | Not enough data | Feature Not Available | | **Forward Looking** | Not enough data | Feature Not Available | #### Agentic AI - Budgeting and Forecasting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Natural Language Interaction** | Not enough data | Not enough data | | **Proactive Assistance** | Not enough data | 7.7 (5 reviews) | | **Decision Making** | Not enough data | Not enough data | ### Financial Close | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | 8.5/10 | 7 | | **Workiva** | 7.9/10 | 313 | #### Reconciliation | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Consolidation** | 8.9 (6 reviews) ✓ Verified | 8.3 (218 reviews) ✓ Verified | | **Management** | 8.7 (5 reviews) ✓ Verified | 8.6 (231 reviews) ✓ Verified | | **Accounting** | 9.3 (7 reviews) ✓ Verified | Feature Not Available | #### Reporting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Report Types** | 8.6 (7 reviews) ✓ Verified | 8.7 (259 reviews) ✓ Verified | | **Standard** | 8.6 (6 reviews) ✓ Verified | 8.6 (248 reviews) | | **Custom** | 7.0 (5 reviews) ✓ Verified | 8.5 (224 reviews) ✓ Verified | #### Closing Process | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Audit** | 8.7 (5 reviews) ✓ Verified | 8.2 (207 reviews) ✓ Verified | | **Journal Entries** | 8.3 (6 reviews) ✓ Verified | Feature Not Available | | **Distribution** | 8.7 (5 reviews) ✓ Verified | 8.5 (209 reviews) ✓ Verified | #### AI - Financial Close | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Autonomous Task Execution** | Not enough data | 6.2 (34 reviews) | | **Compliance** | Not enough data | 6.9 (36 reviews) | | **Reconciliation** | Not enough data | 6.6 (36 reviews) | | **Data Collection** | Not enough data | Feature Not Available | | **Analysis** | Not enough data | 6.7 (36 reviews) | ### FP&A (Financial Planning & Analysis) | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | 8.8/10 | 90 | #### Financial Planning | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Extended Planning** | Not enough data | 8.1 (52 reviews) | | **Reporting** | Not enough data | 8.7 (61 reviews) | | **Integration** | Not enough data | 8.4 (58 reviews) | #### Agentic AI - FP&A (Financial Planning & Analysis) | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Proactive Assistance** | Not enough data | Feature Not Available | | **Decision Making** | Not enough data | Feature Not Available | #### Financial Insight | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Budgeting** | Not enough data | Feature Not Available | | **Forecasting** | Not enough data | Feature Not Available | | **Planning** | Not enough data | Feature Not Available | #### Data | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Data Visualization** | Not enough data | 8.1 (64 reviews) | | **Data Analysis** | Not enough data | Feature Not Available | | **Custom Reporting** | Not enough data | 8.8 (65 reviews) | | **Reporting Templates** | Not enough data | Feature Not Available | #### Status Communication | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Collaboration** | Not enough data | 9.2 (71 reviews) | | **Version Control** | Not enough data | 9.3 (74 reviews) | | **Real-Time Data Updates** | Not enough data | 9.3 (71 reviews) | | **Scorecards** | Not enough data | 8.1 (54 reviews) | ### Sustainability Management | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | 8.8/10 | 60 | #### Resource Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Thresholding** | Not enough data | Feature Not Available | | **Emissions Monitoring** | Not enough data | Feature Not Available | | **Sample Tracking** | Not enough data | Feature Not Available | #### Compliance Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Inspections** | Not enough data | Feature Not Available | | **Audit Trail** | Not enough data | Feature Not Available | | **Compliance Plans** | Not enough data | Feature Not Available | | **Site Maps** | Not enough data | Feature Not Available | #### Administrative | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Dashboards and KPIs** | Not enough data | Feature Not Available | | **Reporting ** | Not enough data | 8.9 (54 reviews) | | **Device Integration** | Not enough data | Feature Not Available | ### Environmental, Social, and Governance (ESG) Reporting | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | 6.9/10 | 93 | #### Data Collection | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Data Types** | Not enough data | 7.8 (67 reviews) | | **Data Sources** | Not enough data | 7.3 (66 reviews) | | **Third Party** | Not enough data | 6.2 (60 reviews) | #### Reporting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Ratings** | Not enough data | 6.6 (61 reviews) | | **Investment** | Not enough data | 7.2 (61 reviews) | | **Public** | Not enough data | 7.8 (66 reviews) | #### Integration | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Governance, Risk & Compliance** | Not enough data | 7.1 (58 reviews) | | **Finance** | Not enough data | 7.5 (67 reviews) | | **Environmental, Quality and Safety Management** | Not enough data | 6.8 (60 reviews) | #### Risk Management - Environmental, Social, and Governance (ESG) Reporting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Communications** | Not enough data | 7.4 (53 reviews) | | **Risk Identification** | Not enough data | 6.6 (50 reviews) | | **Risk Assessment** | Not enough data | 6.5 (48 reviews) | | **Strategic Planning** | Not enough data | 6.6 (48 reviews) | #### Reporting - Environmental, Social, and Governance (ESG) Reporting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Benchmarking & Competitive Analysis** | Not enough data | 6.3 (47 reviews) | | **Actionable Insights** | Not enough data | 6.3 (50 reviews) | | **AI-Enabled ESG Reporting** | Not enough data | 5.9 (49 reviews) | | **Performance Tracking** | Not enough data | 6.8 (50 reviews) | | **Compliance Reporting** | Not enough data | 6.5 (40 reviews) | #### Agentic AI - Environmental, Social, and Governance (ESG) Reporting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Autonomous Task Execution** | Not enough data | Feature Not Available | | **Decision Making** | Not enough data | Feature Not Available | ### Audit Management | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | 7.7/10 | 393 | #### Generative AI | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **AI Text Summarization** | Not enough data | 7.1 (190 reviews) | | **AI Text Generation** | Not enough data | 7.0 (196 reviews) | #### Workflows - Audit Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Audit Trail** | Not enough data | 8.6 (191 reviews) | | **Recommendations** | Not enough data | 7.6 (153 reviews) | | **Collaboration Tools** | Not enough data | 8.7 (240 reviews) | | **Integrations** | Not enough data | 7.5 (184 reviews) | | **Planning & Scheduling** | Not enough data | 7.3 (154 reviews) | #### Documentation - Audit Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Templates & Forms** | Not enough data | 7.7 (157 reviews) | | **Checklists** | Not enough data | 7.4 (147 reviews) | #### Reporting & Analytics - Audit Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Dashboard** | Not enough data | 8.0 (171 reviews) | | **Audit Performance** | Not enough data | 8.0 (154 reviews) | | **Industry Compliance** | Not enough data | 8.0 (163 reviews) | ### Policy Management | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | 6.4/10 | 30 | #### Generative AI | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **AI Text Generation** | Not enough data | 6.9 (23 reviews) | | **AI Text Summarization** | Not enough data | 6.8 (24 reviews) | #### Platform AI Features - Policy Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Reports** | Not enough data | 6.0 (15 reviews) | | **Workflow Management** | Not enough data | 5.6 (14 reviews) | ### Carbon Accounting | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | 8.1/10 | 19 | #### Emissions Tracking - Carbon Accounting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Setup** | Not enough data | 7.9 (15 reviews) | | **Templates** | Not enough data | 7.8 (13 reviews) | | **Compliance** | Not enough data | 8.5 (14 reviews) | | **Workflows** | Not enough data | 7.6 (12 reviews) | #### Decarbonization - Carbon Accounting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Reduction Planning** | Not enough data | 7.3 (10 reviews) | | **Carbon Credits** | Not enough data | Feature Not Available | | **Monitoring** | Not enough data | 7.0 (10 reviews) | #### Analytics - Carbon Accounting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Data Sources** | Not enough data | 7.4 (11 reviews) | | **Forecasting** | Not enough data | 6.0 (10 reviews) | | **Custom KPIs** | Not enough data | 6.8 (10 reviews) | #### Integration - Carbon Accounting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **ERP** | Not enough data | 6.7 (12 reviews) | | **GRC** | Not enough data | 6.5 (11 reviews) | #### Agentic AI - Carbon Accounting | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Autonomous Task Execution** | Not enough data | Feature Not Available | ### SAP Store | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | N/A | N/A | #### Agentic AI - SAP Store | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Autonomous Task Execution** | Not enough data | Not enough data | | **Multi-step Planning** | Not enough data | Not enough data | | **Cross-system Integration** | Not enough data | Not enough data | | **Adaptive Learning** | Not enough data | Not enough data | | **Natural Language Interaction** | Not enough data | Not enough data | | **Proactive Assistance** | Not enough data | Not enough data | | **Decision Making** | Not enough data | Not enough data | ### Accounting & Finance | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | N/A | N/A | #### Agentic AI - Accounting & Finance | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Autonomous Task Execution** | Not enough data | Not enough data | ### Enterprise Risk Management (ERM) | Product | Score | Reviews | |---|---|---| | **Oracle Financial Consolidation and Close** | N/A | N/A | | **Workiva** | 8.4/10 | 75 | #### Risk Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Risk Identification** | Not enough data | 8.5 (52 reviews) | | **Risk Classification** | Not enough data | 8.2 (48 reviews) | | **Risk Methodology** | Not enough data | 8.3 (50 reviews) | | **Goals Monitoring** | Not enough data | 8.1 (45 reviews) | #### Business Continuity Management | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Recovery Plans** | Not enough data | Feature Not Available | | **Procedure Templates** | Not enough data | Feature Not Available | | **Crisis Management** | Not enough data | Feature Not Available | #### Generative AI | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **AI Text Generation** | Not enough data | 7.8 (24 reviews) | | **AI Text Summarization** | Not enough data | 7.8 (24 reviews) | #### Platform | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Integration** | Not enough data | 8.8 (46 reviews) | | **Security & Privacy** | Not enough data | 9.0 (44 reviews) | | **Mobile Access** | Not enough data | 7.9 (38 reviews) | | **Flexibility** | Not enough data | 8.6 (51 reviews) | #### Services | Feature | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Implementation** | Not enough data | 8.6 (49 reviews) | | **Training & Learning** | Not enough data | 8.5 (48 reviews) | | **Customer Support** | Not enough data | 8.9 (50 reviews) | | **Professional Services** | Not enough data | 8.8 (43 reviews) | --- ## Categories **Shared Categories (1):** [Financial Close Software](https://www.g2.com/categories/financial-close) **Unique to Workiva (10):** [Environmental, Social, and Governance (ESG) Reporting Software](https://www.g2.com/categories/environmental-social-and-governance-esg-reporting), [SAP Store Software](https://www.g2.com/categories/sap-store), [Budgeting and Forecasting Software](https://www.g2.com/categories/budgeting-and-forecasting), [Enterprise Risk Management (ERM) Software](https://www.g2.com/categories/enterprise-risk-management-erm), [Disclosure Management Software](https://www.g2.com/categories/disclosure-management), [Policy Management Software](https://www.g2.com/categories/policy-management), [Audit Management Software](https://www.g2.com/categories/audit-management), [Sustainability Management Software](https://www.g2.com/categories/sustainability-management), [FP&A Software](https://www.g2.com/categories/fp-a-financial-planning-analysis), [Carbon Accounting Software](https://www.g2.com/categories/carbon-accounting) --- ## Reviewer Demographics ### By Company Size | Segment | Oracle Financial Consolidation and Close | Workiva | |---|---|---| | **Small-Business** | 3.0% | 14.4% | | **Mid-Market** | 42.4% | 28.3% | | **Enterprise** | 54.5% | 57.3% | ### By Industry #### Oracle Financial Consolidation and Close - **Accounting:** 21.2% - **Marketing and Advertising:** 9.1% - **Real Estate:** 6.1% - **Banking:** 6.1% - **Civil Engineering:** 6.1% - **Financial Services:** 6.1% - **Apparel & Fashion:** 3.0% - **Consumer Services:** 3.0% - **Cosmetics:** 3.0% - **Education Management:** 3.0% - **Other:** 33.3% #### Workiva - **Accounting:** 13.5% - **Financial Services:** 9.8% - **Information Technology and Services:** 5.6% - **Insurance:** 5.3% - **Banking:** 5.3% - **Oil & Energy:** 5.1% - **Manufacturing:** 3.7% - **Consumer Goods:** 3.2% - **Computer Software:** 2.8% - **Utilities:** 2.7% - **Other:** 42.9% --- ## Alternatives ### Alternatives to Oracle Financial Consolidation and Close - [BlackLine Financial Close Management](https://www.g2.com/products/blackline-blackline-financial-close-management/reviews) — 4.5/5 stars (1069 reviews) - [OneStream - Unified EPM](https://www.g2.com/products/onestream-unified-epm/reviews) — 4.6/5 stars (160 reviews) - [FloQast](https://www.g2.com/products/floqast/reviews) — 4.6/5 stars (1411 reviews) - [CCH Tagetik](https://www.g2.com/products/cch-tagetik/reviews) — 4.3/5 stars (73 reviews) - [IBM Cognos Controller](https://www.g2.com/products/ibm-cognos-controller/reviews) — 3.9/5 stars (36 reviews) - [Trintech](https://www.g2.com/products/trintech-trintech/reviews) — 4.5/5 stars (544 reviews) - [Planful](https://www.g2.com/products/planful/reviews) — 4.3/5 stars (501 reviews) - [Anaplan](https://www.g2.com/products/anaplan/reviews) — 4.6/5 stars (461 reviews) - [Vena](https://www.g2.com/products/vena/reviews) — 4.5/5 stars (478 reviews) - [SAP Cloud ERP (SAP S/4HANA Cloud)](https://www.g2.com/products/sap-cloud-erp-sap-s-4hana-cloud/reviews) — 4.4/5 stars (1061 reviews) ### Alternatives to Workiva - [Optro](https://www.g2.com/products/optro/reviews) — 4.6/5 stars (1601 reviews) - [TeamMate](https://www.g2.com/products/teammate/reviews) — 4.3/5 stars (581 reviews) - [FloQast](https://www.g2.com/products/floqast/reviews) — 4.6/5 stars (1411 reviews) - [Archer](https://www.g2.com/products/archer-technologies-archer/reviews) — 3.6/5 stars (20 reviews) - [Vena](https://www.g2.com/products/vena/reviews) — 4.5/5 stars (478 reviews) - [Planful](https://www.g2.com/products/planful/reviews) — 4.3/5 stars (501 reviews) - [Diligent One Platform](https://www.g2.com/products/diligent-one-platform/reviews) — 4.3/5 stars (154 reviews) - [LogicGate Risk Cloud](https://www.g2.com/products/logicgate-risk-cloud/reviews) — 4.6/5 stars (191 reviews) - [Workday Adaptive Planning](https://www.g2.com/products/workday-adaptive-planning/reviews) — 4.3/5 stars (356 reviews) - [ServiceNow Governance, Risk, and Compliance (GRC)](https://www.g2.com/products/servicenow-governance-risk-and-compliance-grc/reviews) — 4.2/5 stars (108 reviews) --- ## Top Discussions ### Oracle Financial Consolidation and Close No discussions available for this product. ### Workiva - Title: [Can i ise this for upload charts?](https://www.g2.com/discussions/49869-can-i-ise-this-for-upload-charts) — 1 comment, 1 upvote > **Top comment:** "The Workiva platform includes the ability to import files from Microsoft Word, PowerPoint, and Excel. We import charts in Word and PowerPoint files as images..." --- **Source:** [G2.com](https://www.g2.com) | [Comparison Page](https://www.g2.com/compare/oracle-financial-consolidation-and-close-vs-workiva-workiva)