Quick Overview
- 1#1: OneStream - OneStream delivers a unified CPM platform with advanced financial consolidation, intercompany eliminations, and multi-entity reporting.
- 2#2: Oracle Financial Consolidation and Close - Oracle Financial Consolidation and Close automates statutory and management consolidations with currency translation and ownership adjustments.
- 3#3: CCH Tagetik - CCH Tagetik offers integrated financial consolidation, planning, and close management for complex multinational organizations.
- 4#4: Workiva - Workiva streamlines financial reporting and consolidation with connected data platforms for SEC filings and multi-entity rollups.
- 5#5: SAP Group Reporting - SAP Group Reporting provides real-time financial consolidation within SAP S/4HANA, handling intercompany transactions and validations.
- 6#6: Anaplan - Anaplan enables connected planning and consolidation with scenario modeling and multi-dimensional financial data integration.
- 7#7: Vena - Vena integrates Excel-based financial consolidation, reporting, and close processes for mid-market enterprises.
- 8#8: Planful - Planful offers cloud-based financial consolidation with continuous close and predictive insights for growing businesses.
- 9#9: Prophix - Prophix provides CPM software with financial consolidation, budgeting, and forecasting for mid-sized organizations.
- 10#10: IBM Planning Analytics - IBM Planning Analytics supports multidimensional financial consolidation and analytics with AI-driven planning capabilities.
Tools were selected based on a combination of core capabilities (including intercompany eliminations, real-time consolidation, and cross-entity reporting), user experience, adaptability to organizational size and complexity, and overall value, ensuring a comprehensive and balanced list.
Comparison Table
Accounting consolidation relies on robust software, and this comparison table compares key tools like OneStream, Oracle Financial Consolidation and Close, CCH Tagetik, Workiva, SAP Group Reporting, and more to help users identify the best fit. Readers will learn about each platform’s features, integration capabilities, and suitability for different organizational needs to streamline their consolidation processes.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | OneStream OneStream delivers a unified CPM platform with advanced financial consolidation, intercompany eliminations, and multi-entity reporting. | enterprise | 9.7/10 | 9.8/10 | 8.6/10 | 9.3/10 |
| 2 | Oracle Financial Consolidation and Close Oracle Financial Consolidation and Close automates statutory and management consolidations with currency translation and ownership adjustments. | enterprise | 9.2/10 | 9.6/10 | 8.1/10 | 8.7/10 |
| 3 | CCH Tagetik CCH Tagetik offers integrated financial consolidation, planning, and close management for complex multinational organizations. | enterprise | 8.7/10 | 9.2/10 | 7.8/10 | 8.1/10 |
| 4 | Workiva Workiva streamlines financial reporting and consolidation with connected data platforms for SEC filings and multi-entity rollups. | enterprise | 8.7/10 | 9.2/10 | 7.8/10 | 8.0/10 |
| 5 | SAP Group Reporting SAP Group Reporting provides real-time financial consolidation within SAP S/4HANA, handling intercompany transactions and validations. | enterprise | 8.7/10 | 9.3/10 | 7.4/10 | 8.1/10 |
| 6 | Anaplan Anaplan enables connected planning and consolidation with scenario modeling and multi-dimensional financial data integration. | enterprise | 8.3/10 | 9.1/10 | 7.2/10 | 7.9/10 |
| 7 | Vena Vena integrates Excel-based financial consolidation, reporting, and close processes for mid-market enterprises. | enterprise | 8.3/10 | 8.7/10 | 8.0/10 | 7.9/10 |
| 8 | Planful Planful offers cloud-based financial consolidation with continuous close and predictive insights for growing businesses. | enterprise | 8.1/10 | 8.5/10 | 7.8/10 | 8.0/10 |
| 9 | Prophix Prophix provides CPM software with financial consolidation, budgeting, and forecasting for mid-sized organizations. | enterprise | 8.3/10 | 8.7/10 | 8.2/10 | 7.8/10 |
| 10 | IBM Planning Analytics IBM Planning Analytics supports multidimensional financial consolidation and analytics with AI-driven planning capabilities. | enterprise | 8.1/10 | 8.7/10 | 6.9/10 | 7.4/10 |
OneStream delivers a unified CPM platform with advanced financial consolidation, intercompany eliminations, and multi-entity reporting.
Oracle Financial Consolidation and Close automates statutory and management consolidations with currency translation and ownership adjustments.
CCH Tagetik offers integrated financial consolidation, planning, and close management for complex multinational organizations.
Workiva streamlines financial reporting and consolidation with connected data platforms for SEC filings and multi-entity rollups.
SAP Group Reporting provides real-time financial consolidation within SAP S/4HANA, handling intercompany transactions and validations.
Anaplan enables connected planning and consolidation with scenario modeling and multi-dimensional financial data integration.
Vena integrates Excel-based financial consolidation, reporting, and close processes for mid-market enterprises.
Planful offers cloud-based financial consolidation with continuous close and predictive insights for growing businesses.
Prophix provides CPM software with financial consolidation, budgeting, and forecasting for mid-sized organizations.
IBM Planning Analytics supports multidimensional financial consolidation and analytics with AI-driven planning capabilities.
OneStream
enterpriseOneStream delivers a unified CPM platform with advanced financial consolidation, intercompany eliminations, and multi-entity reporting.
XF Platform's extensibility, enabling over 100 pre-built Marketplace solutions on a single codebase without custom coding
OneStream is a unified corporate performance management (CPM) platform designed for financial consolidation, close management, planning, reporting, and analytics. It automates complex multi-entity consolidations, currency translations, intercompany eliminations, and statutory compliance across global operations. The platform's extensibility allows seamless integration of additional solutions via its XF Marketplace, reducing the need for multiple disparate tools.
Pros
- Unified platform eliminates silos between consolidation, planning, and reporting
- Advanced automation with AI-driven insights and extensibility via XF Marketplace
- Robust support for complex global consolidations and regulatory compliance
Cons
- Steep learning curve for advanced configurations
- High implementation costs and time for large deployments
- Pricing is enterprise-focused and not ideal for small businesses
Best For
Large multinational enterprises requiring a scalable, all-in-one solution for complex financial consolidations and performance management.
Pricing
Custom enterprise subscription pricing, typically starting at $150,000+ annually based on modules, users, and deployment size.
Oracle Financial Consolidation and Close
enterpriseOracle Financial Consolidation and Close automates statutory and management consolidations with currency translation and ownership adjustments.
Advanced Ownership Management for handling intricate equity pickups, minority interests, and non-controlling investments
Oracle Financial Consolidation and Close (FCC) is a cloud-native solution within Oracle's EPM Cloud suite that automates the financial close and consolidation processes for global enterprises. It handles multi-entity consolidations, intercompany eliminations, currency translations, and compliance with standards like IFRS and US GAAP. FCC provides real-time dashboards, audit trails, and integration with Oracle ERP systems for streamlined reporting and analysis.
Pros
- Powerful automation for complex consolidations and close tasks
- Seamless integration with Oracle ERP and EPM tools
- Robust compliance features with detailed audit trails and validations
Cons
- Steep learning curve for non-Oracle users
- High implementation and licensing costs
- Limited flexibility for highly customized non-standard processes
Best For
Multinational corporations with complex ownership structures and existing Oracle ecosystems needing enterprise-grade consolidation.
Pricing
Quote-based enterprise pricing, typically starting at $100,000+ annually based on modules, users, and data volume.
CCH Tagetik
enterpriseCCH Tagetik offers integrated financial consolidation, planning, and close management for complex multinational organizations.
Unified Information Model enabling real-time consolidation across statutory and management reporting in a single platform
CCH Tagetik is a robust corporate performance management (CPM) platform specializing in financial consolidation, period-end close, and reporting for complex, multinational organizations. It automates intercompany eliminations, currency translations, and multi-GAAP compliance, ensuring accurate statutory and managerial consolidations. The solution integrates seamlessly with planning, budgeting, and analytics modules, providing a unified data model across finance processes.
Pros
- Comprehensive automation for multi-entity consolidations and intercompany transactions
- Integrated suite covering close, planning, reporting, and analytics
- Strong support for multiple GAAP standards and regulatory compliance
Cons
- High implementation costs and lengthy setup time
- Steep learning curve for non-expert users
- Pricing lacks transparency and is enterprise-level expensive
Best For
Large multinational enterprises with complex consolidation requirements needing an all-in-one finance platform.
Pricing
Custom quote-based pricing, typically starting at $100,000+ annually for mid-to-large deployments, depending on users and modules.
Workiva
enterpriseWorkiva streamlines financial reporting and consolidation with connected data platforms for SEC filings and multi-entity rollups.
Connected data platform with Link technology that dynamically updates data across all reports and documents from a single source of truth
Workiva is a cloud-based platform designed for financial reporting, compliance, and data management, with robust capabilities for accounting consolidation. It enables the aggregation of financial data from multiple subsidiaries, automates intercompany eliminations, currency translations, and consolidates statements in compliance with GAAP and IFRS standards. The platform integrates with ERPs like SAP and Oracle, offering real-time collaboration, audit trails, and linked reporting to ensure data accuracy across documents.
Pros
- Seamless integration with major ERPs and data sources for efficient consolidation
- Real-time collaboration and workflow automation with strong governance controls
- Comprehensive audit trails and version control for compliance-heavy environments
Cons
- Steep learning curve due to its comprehensive feature set
- High enterprise-level pricing not ideal for SMBs
- Overkill for simple consolidation needs without reporting requirements
Best For
Large public companies and enterprises requiring integrated financial consolidation with advanced reporting and SEC compliance features.
Pricing
Custom quote-based pricing, typically starting at $50,000+ annually for enterprise deployments based on users, modules, and data volume.
SAP Group Reporting
enterpriseSAP Group Reporting provides real-time financial consolidation within SAP S/4HANA, handling intercompany transactions and validations.
Real-time parallel ledger processing for simultaneous statutory and management consolidations
SAP Group Reporting is a powerful financial consolidation solution within the SAP S/4HANA suite, designed for large enterprises to manage group-wide financial reporting and consolidations. It automates intercompany eliminations, currency translations, and validations while supporting multiple accounting standards like IFRS and US-GAAP. The software enables real-time data processing and embedded analytics for efficient close processes and regulatory compliance.
Pros
- Seamless integration with SAP S/4HANA and other SAP modules for unified financial operations
- Real-time consolidation and advanced analytics powered by SAP HANA
- Robust support for complex group structures, multi-GAAP reporting, and audit trails
Cons
- Steep learning curve and complex implementation requiring significant expertise
- High costs for licensing, setup, and ongoing maintenance
- Less flexible for non-SAP environments or smaller organizations
Best For
Multinational corporations with existing SAP infrastructure needing scalable, compliant consolidation for complex group reporting.
Pricing
Enterprise subscription-based pricing, typically starting at $100,000+ annually based on users, modules, and deployment; custom quotes required.
Anaplan
enterpriseAnaplan enables connected planning and consolidation with scenario modeling and multi-dimensional financial data integration.
Hyperblock technology enabling infinite hierarchies and real-time multi-dimensional calculations for dynamic consolidations
Anaplan is a cloud-native connected planning platform that excels in enterprise performance management, including dedicated modules for accounting consolidation. It automates multi-entity consolidations, intercompany eliminations, currency translations, and statutory reporting while integrating seamlessly with financial planning and forecasting. The platform's no-code modeling allows finance teams to build custom workflows for compliant close processes and real-time insights.
Pros
- Highly flexible no-code modeling for complex consolidations
- Real-time collaboration and scenario modeling
- Scalable integrations with ERPs like SAP and Oracle
Cons
- Steep learning curve for model building
- High cost unsuitable for small businesses
- Potential performance lags with massive datasets
Best For
Large multinational enterprises needing integrated consolidation with enterprise-wide planning.
Pricing
Custom quote-based pricing; typically starts at $100,000+ annually for enterprise deployments based on users and modules.
Vena
enterpriseVena integrates Excel-based financial consolidation, reporting, and close processes for mid-market enterprises.
Native Excel interface enabling direct consolidation modeling and automations without proprietary tools
Vena Solutions is a cloud-based FP&A platform specializing in financial consolidation, budgeting, forecasting, and reporting, with deep integration into Microsoft Excel. It automates multi-entity consolidations, currency translations, intercompany eliminations, and financial close processes while connecting to ERPs like NetSuite, SAP, and QuickBooks. Ideal for finance teams seeking spreadsheet familiarity without sacrificing enterprise-grade automation.
Pros
- Seamless native Excel integration for familiar workflows
- Robust consolidation tools with multi-entity support and automations
- Scalable for complex reporting and ERP integrations
Cons
- Steep initial setup and customization time
- Higher pricing suited better for mid-to-large enterprises
- Heavy reliance on Excel proficiency limits non-spreadsheet users
Best For
Mid-sized enterprises with Excel-experienced finance teams handling multi-entity consolidations and FP&A.
Pricing
Quote-based; modular pricing starts around $100/user/month, with enterprise plans often $50K+ annually based on users and features.
Planful
enterprisePlanful offers cloud-based financial consolidation with continuous close and predictive insights for growing businesses.
Dynamic Consolidation Engine enabling real-time, drillable consolidations with automated eliminations and validations
Planful is a cloud-based Financial Performance Platform that excels in accounting consolidation, automating the financial close process for multi-entity organizations. It handles complex tasks like currency translation, intercompany eliminations, statutory reporting, and compliance with GAAP/IFRS standards. The platform integrates with major ERPs such as NetSuite, SAP, and Oracle, providing real-time visibility and collaboration tools for finance teams.
Pros
- Robust automation for multi-entity consolidations and intercompany transactions
- Seamless integrations with leading ERPs and strong compliance reporting
- Scalable architecture suitable for mid-market to enterprise growth
Cons
- Steep learning curve for advanced configuration and custom rules
- Pricing can be high for smaller organizations
- Limited out-of-the-box support for highly niche international regulations
Best For
Mid-sized to large enterprises with complex, multi-entity structures seeking streamlined financial close and consolidation.
Pricing
Custom enterprise pricing starting around $50,000 annually, based on modules, users, and entities; contact sales for quote.
Prophix
enterpriseProphix provides CPM software with financial consolidation, budgeting, and forecasting for mid-sized organizations.
Workflow-driven financial close automation with built-in task management and real-time variance analysis
Prophix is a cloud-based Corporate Performance Management (CPM) platform specializing in financial consolidation, budgeting, forecasting, and reporting for mid-to-large enterprises. It automates multi-entity consolidations, including currency translation, intercompany eliminations, and statutory reporting, while integrating seamlessly with ERPs like SAP, Oracle, and QuickBooks. The software provides real-time insights and workflow automation to streamline the financial close process and ensure compliance.
Pros
- Robust automation for complex multi-entity consolidations and intercompany transactions
- Excel-like interface for intuitive data entry and reporting
- Strong integrations with major ERPs and real-time collaboration tools
Cons
- Pricing can be steep for smaller organizations
- Initial implementation and setup require significant time and expertise
- Advanced customizations may need professional services
Best For
Mid-sized to large enterprises with multi-entity operations needing integrated consolidation, close management, and planning.
Pricing
Quote-based annual subscriptions; typically $40,000-$150,000+ depending on users, modules, and deployment size.
IBM Planning Analytics
enterpriseIBM Planning Analytics supports multidimensional financial consolidation and analytics with AI-driven planning capabilities.
In-memory multidimensional cubes enabling real-time consolidations and write-back planning
IBM Planning Analytics is an advanced enterprise performance management solution that excels in planning, budgeting, forecasting, and financial consolidation. It supports complex accounting consolidation processes, including multi-entity roll-ups, currency translation, intercompany eliminations, and compliance reporting using its in-memory OLAP engine. The platform integrates AI-driven insights via Watson and enables real-time collaboration and scenario modeling for large-scale financial operations.
Pros
- Powerful multidimensional OLAP engine for handling complex consolidations and large datasets
- Seamless integration with ERP systems like SAP and Oracle for automated data flows
- AI-powered forecasting and scenario planning for enhanced accuracy
Cons
- Steep learning curve requiring specialized skills for setup and maintenance
- High implementation costs and time due to customization needs
- Interface feels dated compared to modern cloud-native alternatives
Best For
Large multinational enterprises needing robust, scalable consolidation for complex group structures and regulatory compliance.
Pricing
Custom enterprise pricing; cloud subscriptions typically start at $100-200/user/month with minimums, or on-premises licensing from $50K+ annually.
Conclusion
This review showcases top-tier tools that redefine accounting consolidation, with OneStream leading as the most unified and comprehensive choice, excelling in multi-entity management and CPM capabilities. Oracle Financial Consolidation and Close stands out for its robust automation of statutory processes, while CCH Tagetik impresses with tailored solutions for complex, multinational organizations. Each offers unique strengths, but OneStream emerges as the top pick for those seeking a seamless, end-to-end platform.
Take the first step toward streamlined consolidation—explore OneStream to unlock its powerful features, enhancing accuracy, efficiency, and insights for your financial operations.
Tools Reviewed
All tools were independently evaluated for this comparison