Quick Overview
- 1#1: Workiva - Automates the creation, review, management, and external reporting of financial statements and disclosures for compliance.
- 2#2: Planful - Delivers continuous planning and automated financial consolidation, close, and reporting capabilities.
- 3#3: OneStream - Provides unified corporate performance management with automated consolidation and financial reporting.
- 4#4: Anaplan - Enables connected planning across finance with automated modeling and real-time reporting.
- 5#5: Vena - Integrates with Excel to automate FP&A processes including budgeting, forecasting, and reporting.
- 6#6: Workday Adaptive Planning - Offers cloud-based strategic finance tools for automated planning, budgeting, and reporting.
- 7#7: Cube - Headless FP&A platform that automates reporting by integrating data warehouses and spreadsheets.
- 8#8: Datarails - Automates financial analysis and reporting by unifying Excel with ERP and accounting data.
- 9#9: Pigment - Modern planning platform with real-time data integration and automated multidimensional reporting.
- 10#10: Jedox - Delivers self-service planning, consolidation, and automated BI reporting for finance.
We ranked these tools based on features like automation depth, scalability, integration capabilities, ease of use, and value, ensuring they meet the diverse needs of finance professionals across industries.
Comparison Table
Automated financial reporting software is a cornerstone of efficient financial operations, simplifying close processes and enhancing data accuracy—especially as teams seek faster, more insightful workflows. This comparison table features top tools like Workiva, Planful, OneStream, Anaplan, Vena, and more, breaking down their key strengths and capabilities to guide users in selecting the best fit for their organization's needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Workiva Automates the creation, review, management, and external reporting of financial statements and disclosures for compliance. | enterprise | 9.4/10 | 9.8/10 | 8.1/10 | 8.7/10 |
| 2 | Planful Delivers continuous planning and automated financial consolidation, close, and reporting capabilities. | enterprise | 9.1/10 | 9.5/10 | 8.7/10 | 8.8/10 |
| 3 | OneStream Provides unified corporate performance management with automated consolidation and financial reporting. | enterprise | 9.1/10 | 9.6/10 | 7.9/10 | 8.4/10 |
| 4 | Anaplan Enables connected planning across finance with automated modeling and real-time reporting. | enterprise | 8.5/10 | 9.2/10 | 7.4/10 | 8.0/10 |
| 5 | Vena Integrates with Excel to automate FP&A processes including budgeting, forecasting, and reporting. | enterprise | 8.5/10 | 9.0/10 | 8.0/10 | 8.2/10 |
| 6 | Workday Adaptive Planning Offers cloud-based strategic finance tools for automated planning, budgeting, and reporting. | enterprise | 8.1/10 | 8.6/10 | 7.2/10 | 7.4/10 |
| 7 | Cube Headless FP&A platform that automates reporting by integrating data warehouses and spreadsheets. | specialized | 8.6/10 | 9.1/10 | 9.3/10 | 8.0/10 |
| 8 | Datarails Automates financial analysis and reporting by unifying Excel with ERP and accounting data. | specialized | 8.1/10 | 8.4/10 | 8.2/10 | 7.8/10 |
| 9 | Pigment Modern planning platform with real-time data integration and automated multidimensional reporting. | enterprise | 8.4/10 | 9.1/10 | 7.8/10 | 7.6/10 |
| 10 | Jedox Delivers self-service planning, consolidation, and automated BI reporting for finance. | enterprise | 8.1/10 | 8.6/10 | 7.4/10 | 7.8/10 |
Automates the creation, review, management, and external reporting of financial statements and disclosures for compliance.
Delivers continuous planning and automated financial consolidation, close, and reporting capabilities.
Provides unified corporate performance management with automated consolidation and financial reporting.
Enables connected planning across finance with automated modeling and real-time reporting.
Integrates with Excel to automate FP&A processes including budgeting, forecasting, and reporting.
Offers cloud-based strategic finance tools for automated planning, budgeting, and reporting.
Headless FP&A platform that automates reporting by integrating data warehouses and spreadsheets.
Automates financial analysis and reporting by unifying Excel with ERP and accounting data.
Modern planning platform with real-time data integration and automated multidimensional reporting.
Delivers self-service planning, consolidation, and automated BI reporting for finance.
Workiva
enterpriseAutomates the creation, review, management, and external reporting of financial statements and disclosures for compliance.
Linked data model that automatically synchronizes updates across interconnected reports and documents
Workiva is a cloud-based platform specializing in automated financial reporting, compliance, and integrated business reporting. It serves as a single source of truth by linking data from spreadsheets, ERPs, and other systems, automatically updating reports like SEC filings (10-K, 10-Q), earnings releases, and ESG disclosures. The platform excels in real-time collaboration, XBRL tagging, audit trails, and workflow automation, making it ideal for complex regulatory requirements.
Pros
- Powerful data linking and automation that propagates changes across all reports instantly
- Robust compliance tools including XBRL, audit trails, and SEC-ready formatting
- Enterprise-grade collaboration with role-based access and real-time editing
Cons
- Steep learning curve for non-expert users due to advanced functionality
- High cost makes it less accessible for small or mid-sized businesses
- Customization can require professional services for optimal setup
Best For
Large enterprises and public companies handling complex regulatory financial reporting and compliance needs.
Pricing
Custom enterprise pricing; typically starts at $20,000+ annually, scales with users and modules.
Planful
enterpriseDelivers continuous planning and automated financial consolidation, close, and reporting capabilities.
Continuous Planning with Signal, enabling real-time performance monitoring and automated alerts.
Planful is a cloud-based Financial Performance Platform specializing in FP&A, offering automated financial reporting, consolidation, budgeting, and forecasting. It streamlines the financial close process with real-time dashboards, dynamic reports, and AI-driven insights to minimize manual efforts. Designed for mid-market to enterprise finance teams, it integrates seamlessly with ERPs like NetSuite and SAP for accurate, automated data flow.
Pros
- Comprehensive automated reporting with real-time dashboards and drill-down capabilities
- Strong ERP integrations and financial consolidation automation
- AI-powered predictive analytics for forecasting accuracy
Cons
- High implementation costs and time for complex setups
- Steep learning curve for advanced customization
- Pricing may be prohibitive for small businesses
Best For
Mid-market to enterprise finance teams needing integrated FP&A with robust automated reporting and close management.
Pricing
Custom quote-based pricing starting around $50,000 annually, scaled by users, modules, and company size.
OneStream
enterpriseProvides unified corporate performance management with automated consolidation and financial reporting.
Hyperblock™ reporting engine for ultra-fast, multi-dimensional financial reporting and analytics
OneStream is a unified corporate performance management (CPM) platform that automates financial reporting, consolidation, close management, planning, and analytics in a single solution. It streamlines complex financial processes with advanced automation, real-time data integration, and customizable reporting to reduce manual efforts and improve accuracy. Designed for enterprises, it supports global compliance standards like XBRL and IFRS while providing actionable insights through interactive dashboards.
Pros
- Unified platform eliminates need for multiple disjointed tools
- Powerful automation for financial close, reconciliations, and reporting
- Extensible with Marketplace apps and no-code customizations
Cons
- Complex implementation requiring significant time and expertise
- Steep learning curve for non-technical finance users
- High cost unsuitable for small businesses
Best For
Mid-to-large enterprises with complex, global financial reporting needs seeking an integrated EPM solution.
Pricing
Custom enterprise pricing starting at $150,000-$500,000 annually, based on modules, users, and deployment size.
Anaplan
enterpriseEnables connected planning across finance with automated modeling and real-time reporting.
Connected Planning, enabling real-time linkage of financial models with operational data for automated, dynamic reporting.
Anaplan is a cloud-based connected planning platform that excels in financial planning, budgeting, forecasting, and automated reporting for enterprises. It enables users to build dynamic multi-dimensional models, integrate data from various sources like ERPs and CRMs, and generate real-time interactive dashboards and reports. Finance teams can automate complex financial reporting processes, scenario planning, and variance analysis without traditional coding.
Pros
- Scalable for enterprise-level data volumes and users
- Real-time collaboration and multi-dimensional modeling
- Seamless integrations with ERPs, BI tools, and other systems
Cons
- Steep learning curve for model building
- High cost unsuitable for small businesses
- Limited out-of-the-box templates for simple reporting
Best For
Large enterprises requiring integrated financial planning, forecasting, and automated reporting across multiple departments.
Pricing
Custom enterprise pricing, typically starting at $50,000+ annually based on users, modules, and data volume.
Vena
enterpriseIntegrates with Excel to automate FP&A processes including budgeting, forecasting, and reporting.
Excel-native interface with enterprise automation, allowing users to build and automate reports directly in spreadsheets
Vena Solutions is an Excel-native FP&A platform that automates financial reporting, budgeting, forecasting, and close management for finance teams. It integrates seamlessly with Microsoft tools like Excel, Power BI, and Office 365, enabling real-time data consolidation from ERPs and automated report generation. Designed for mid-market and enterprise users, Vena streamlines complex financial processes while maintaining spreadsheet familiarity.
Pros
- Deep Excel integration for familiar workflows
- Robust automation for reporting, consolidation, and workflows
- Strong Microsoft ecosystem compatibility including Power BI
Cons
- Complex initial implementation and setup
- Higher pricing suitable mainly for mid-market and larger firms
- Limited standalone mobile capabilities
Best For
Mid-sized to enterprise finance teams needing Excel-based automation for financial reporting and FP&A without switching tools.
Pricing
Custom quote-based pricing; typically starts at $100-$150/user/month with minimums around 10-20 users and annual commitments.
Workday Adaptive Planning
enterpriseOffers cloud-based strategic finance tools for automated planning, budgeting, and reporting.
Deep native integration with Workday Financials for real-time, automated reporting without data silos
Workday Adaptive Planning is a cloud-based financial planning and analysis (FP&A) platform that excels in budgeting, forecasting, and automated reporting for enterprise finance teams. It offers driver-based modeling, scenario analysis, and customizable dashboards to streamline financial processes and deliver real-time insights. Deeply integrated with the Workday ecosystem, it automates report generation and distribution while supporting collaboration across departments.
Pros
- Seamless integration with Workday ERP and HCM for unified data and automated reporting
- Powerful scenario planning and rolling forecasts with AI-driven insights
- Customizable dashboards and automated report scheduling for efficient financial visibility
Cons
- Steep learning curve and requires training for full utilization
- High enterprise-level pricing not suitable for small businesses
- Limited flexibility for highly custom reporting outside the Workday suite
Best For
Mid-to-large enterprises using Workday that require integrated FP&A with automated financial reporting and forecasting.
Pricing
Custom enterprise subscription pricing, typically starting at $75,000+ annually based on users, modules, and deployment size.
Cube
specializedHeadless FP&A platform that automates reporting by integrating data warehouses and spreadsheets.
Multidimensional modeling that combines spreadsheet flexibility with automated data consolidation and real-time updates
Cube is a cloud-based FP&A platform designed to automate financial reporting, planning, and analysis for finance teams. It integrates with accounting systems like QuickBooks, NetSuite, and Xero to pull real-time data, enabling multidimensional modeling, custom reports, and collaborative forecasting. The platform replaces spreadsheets with a familiar interface while adding automation, version control, and scalable insights for growing businesses.
Pros
- Spreadsheet-like interface for quick adoption by finance users
- Seamless integrations with major ERPs and real-time data syncing
- Strong collaboration tools with version control and permissions
Cons
- Pricing is custom and can be expensive for small teams
- Advanced customization requires some learning curve
- Limited built-in AI-driven forecasting compared to enterprise rivals
Best For
Mid-market finance teams seeking an intuitive upgrade from spreadsheets for automated reporting and planning.
Pricing
Custom quote-based pricing, typically starting at $1,500/month for Growth tier, scaling with users, data volume, and features (Enterprise plans $5,000+/month).
Datarails
specializedAutomates financial analysis and reporting by unifying Excel with ERP and accounting data.
Excel-native interface that automates FP&A workflows while letting users work in their familiar spreadsheet environment
Datarails is an AI-powered FP&A platform that automates financial reporting, consolidation, and analysis by integrating data from Excel, ERPs, CRMs, and BI tools into a unified workspace. It enables real-time reporting, scenario modeling, and forecasting while maintaining a familiar Excel-like interface. Finance teams can automate manual processes, gain actionable insights, and scale operations without switching tools.
Pros
- Seamless integration with Excel and multiple data sources for easy consolidation
- AI-driven insights and automated reporting save significant time
- Robust forecasting and scenario planning capabilities
Cons
- Pricing is quote-based and can be expensive for smaller teams
- Initial setup and custom integrations require technical expertise
- Limited transparency on pricing without a demo
Best For
Mid-sized finance teams relying on Excel who want to automate reporting and FP&A without a steep learning curve.
Pricing
Custom quote-based pricing; typically starts at $500/user/month for core plans, with enterprise options scaling higher.
Pigment
enterpriseModern planning platform with real-time data integration and automated multidimensional reporting.
Hyperblock modeling engine for infinite scenario planning with instant automated reporting updates
Pigment is a cloud-based business planning platform that excels in financial modeling, forecasting, budgeting, and automated reporting. It integrates data from ERP, CRM, and HR systems to enable real-time scenario analysis and dynamic dashboards. The tool automates financial report generation with customizable visualizations, making it suitable for FP&A teams seeking scalable solutions.
Pros
- Powerful multidimensional modeling for complex financial scenarios
- Real-time data integration and automated report generation
- Intuitive dashboards with collaborative sharing features
Cons
- Steep learning curve for advanced modeling
- Enterprise pricing not ideal for small businesses
- Limited out-of-the-box templates for niche reporting needs
Best For
Mid-to-large enterprises with FP&A teams needing integrated planning and automated financial reporting at scale.
Pricing
Custom enterprise pricing, typically starting at $50,000+ annually based on users and modules.
Jedox
enterpriseDelivers self-service planning, consolidation, and automated BI reporting for finance.
Spreadsheet-centric OLAP engine that blends Excel familiarity with high-performance multidimensional modeling
Jedox is an enterprise performance management (EPM) platform specializing in integrated financial planning, budgeting, forecasting, and automated reporting. It leverages an in-memory OLAP engine and Excel-like interface to enable multidimensional analysis, dynamic dashboards, and automated report generation across finance teams. The software supports data consolidation, workflow automation, and real-time collaboration, making it suitable for complex financial operations.
Pros
- Unified platform for planning, consolidation, and reporting reduces silos
- Excel add-in provides familiar interface with advanced OLAP capabilities
- Robust automation tools for workflows and scheduled financial reports
Cons
- Steep learning curve for non-technical users
- Enterprise pricing can be prohibitive for small businesses
- Initial setup and customization require significant IT involvement
Best For
Mid-to-large enterprises with complex financial planning and reporting needs requiring integration across multiple departments.
Pricing
Custom enterprise licensing, typically starting at $50,000+ annually depending on users, modules, and deployment scale.
Conclusion
In the landscape of automated financial reporting software, Workiva rises to the top, setting the standard with its seamless automation of financial statement creation, review, and external reporting for compliance. Planful and OneStream closely follow, offering exceptional continuous planning, consolidation, and unified performance management, making them standout alternatives for distinct operational needs. Each tool in the top 10 delivers unique value, but Workiva, Planful, and OneStream lead the pack in redefining efficiency and accuracy.
Take the first step toward transforming your financial processes—explore Workiva now to unlock its powerful automated reporting capabilities and simplify your compliance and reporting workflows.
Tools Reviewed
All tools were independently evaluated for this comparison