Quick Overview
- 1#1: OneStream - Unified intelligent finance platform that delivers comprehensive financial consolidation, planning, reporting, and close management.
- 2#2: Oracle Financial Consolidation and Close - Cloud-based solution automating financial close, consolidation, and account reconciliations for multinational enterprises.
- 3#3: CCH Tagetik - Integrated Corporate Performance Management platform for financial consolidation, planning, reporting, and regulatory compliance.
- 4#4: SAP Group Reporting - Real-time financial consolidation and group reporting tool integrated with SAP S/4HANA for statutory and management reporting.
- 5#5: Workiva - Cloud platform streamlining financial reporting, consolidation, audit, and compliance workflows.
- 6#6: Anaplan - Connected planning platform enabling financial consolidation, forecasting, and scenario modeling.
- 7#7: Planful - Continuous planning platform with built-in financial consolidation, close, and dynamic reporting.
- 8#8: Vena Solutions - Excel-native CPM solution for financial consolidation, budgeting, forecasting, and reporting.
- 9#9: Prophix - One-platform CPM software providing financial consolidation, budgeting, and profitability analysis.
- 10#10: Board - Decision-making platform combining BI, CPM, and financial consolidation for integrated analytics.
Tools were selected and ranked based on key factors such as robustness of consolidation capabilities, ease of integration, user-friendliness, and overall value, ensuring they meet the varied needs of modern businesses seeking to optimize financial management.
Comparison Table
Financial consolidation software is vital for efficiently managing cross-entity financial reporting and closing. This comparison table explores tools like OneStream, Oracle Financial Consolidation and Close, CCH Tagetik, SAP Group Reporting, Workiva, and more, guiding readers to understand key features and suitability for their organizational needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | OneStream Unified intelligent finance platform that delivers comprehensive financial consolidation, planning, reporting, and close management. | enterprise | 9.5/10 | 9.8/10 | 8.2/10 | 9.0/10 |
| 2 | Oracle Financial Consolidation and Close Cloud-based solution automating financial close, consolidation, and account reconciliations for multinational enterprises. | enterprise | 9.2/10 | 9.6/10 | 8.1/10 | 8.7/10 |
| 3 | CCH Tagetik Integrated Corporate Performance Management platform for financial consolidation, planning, reporting, and regulatory compliance. | enterprise | 8.7/10 | 9.2/10 | 7.4/10 | 8.1/10 |
| 4 | SAP Group Reporting Real-time financial consolidation and group reporting tool integrated with SAP S/4HANA for statutory and management reporting. | enterprise | 8.5/10 | 9.2/10 | 7.1/10 | 7.8/10 |
| 5 | Workiva Cloud platform streamlining financial reporting, consolidation, audit, and compliance workflows. | enterprise | 8.6/10 | 9.1/10 | 7.9/10 | 8.0/10 |
| 6 | Anaplan Connected planning platform enabling financial consolidation, forecasting, and scenario modeling. | enterprise | 8.6/10 | 9.2/10 | 7.4/10 | 8.0/10 |
| 7 | Planful Continuous planning platform with built-in financial consolidation, close, and dynamic reporting. | enterprise | 8.7/10 | 9.2/10 | 8.5/10 | 8.0/10 |
| 8 | Vena Solutions Excel-native CPM solution for financial consolidation, budgeting, forecasting, and reporting. | enterprise | 8.4/10 | 8.7/10 | 8.9/10 | 7.9/10 |
| 9 | Prophix One-platform CPM software providing financial consolidation, budgeting, and profitability analysis. | enterprise | 8.4/10 | 8.6/10 | 8.5/10 | 8.1/10 |
| 10 | Board Decision-making platform combining BI, CPM, and financial consolidation for integrated analytics. | enterprise | 8.0/10 | 8.5/10 | 7.5/10 | 7.6/10 |
Unified intelligent finance platform that delivers comprehensive financial consolidation, planning, reporting, and close management.
Cloud-based solution automating financial close, consolidation, and account reconciliations for multinational enterprises.
Integrated Corporate Performance Management platform for financial consolidation, planning, reporting, and regulatory compliance.
Real-time financial consolidation and group reporting tool integrated with SAP S/4HANA for statutory and management reporting.
Cloud platform streamlining financial reporting, consolidation, audit, and compliance workflows.
Connected planning platform enabling financial consolidation, forecasting, and scenario modeling.
Continuous planning platform with built-in financial consolidation, close, and dynamic reporting.
Excel-native CPM solution for financial consolidation, budgeting, forecasting, and reporting.
One-platform CPM software providing financial consolidation, budgeting, and profitability analysis.
Decision-making platform combining BI, CPM, and financial consolidation for integrated analytics.
OneStream
enterpriseUnified intelligent finance platform that delivers comprehensive financial consolidation, planning, reporting, and close management.
Extensible Dimensionality for unified, flexible modeling across all financial processes without custom coding
OneStream is a comprehensive corporate performance management (CPM) platform specializing in financial consolidation, close management, planning, reporting, and analytics. It unifies multiple finance processes into a single, extensible digital finance platform, automating complex tasks like multi-entity consolidations, intercompany eliminations, currency translations, and statutory reporting. Designed for enterprises, it scales to handle global operations while providing real-time insights and compliance support.
Pros
- Unified platform eliminates silos across consolidation, planning, and reporting
- Extensible Dimensionality enables flexible, multidimensional modeling
- Robust automation for complex global consolidations and compliance
Cons
- Steep learning curve and implementation timeline
- High upfront costs and resource requirements
- Overkill for small to mid-sized businesses
Best For
Large multinational enterprises requiring a scalable, all-in-one solution for financial consolidation and performance management.
Pricing
Custom quote-based pricing; typically starts at $200,000+ annually for mid-market, scaling to millions for enterprise deployments.
Oracle Financial Consolidation and Close
enterpriseCloud-based solution automating financial close, consolidation, and account reconciliations for multinational enterprises.
Advanced ownership management engine with automated minority interest calculations and parallel consolidation scenarios
Oracle Financial Consolidation and Close (FCC) is a cloud-based enterprise performance management (EPM) solution designed to automate and streamline the financial close, consolidation, and reporting processes for large organizations. It handles complex multi-entity consolidations, intercompany eliminations, currency translations, and compliance with standards like IFRS and US GAAP. Integrated with Oracle's broader EPM Cloud suite, it provides real-time dashboards, audit trails, and collaboration tools to accelerate close cycles while minimizing errors.
Pros
- Powerful automation for consolidations, eliminations, and close tasks
- Robust support for complex ownership structures and multi-GAAP reporting
- Seamless integration with Oracle ERP and EPM ecosystem for end-to-end finance
Cons
- Steep learning curve and complex initial setup
- High cost geared toward large enterprises only
- Best value realized within Oracle's full suite, limiting standalone use
Best For
Large multinational enterprises with intricate consolidation needs, multiple entities, and a reliance on Oracle technologies.
Pricing
Subscription-based enterprise pricing; typically starts at $100K+ annually depending on users, modules, and scale—custom quotes required.
CCH Tagetik
enterpriseIntegrated Corporate Performance Management platform for financial consolidation, planning, reporting, and regulatory compliance.
Unified EPM platform that combines financial close, consolidation, and reporting in a single, real-time data hub
CCH Tagetik is a comprehensive enterprise performance management (EPM) platform specializing in financial consolidation, group reporting, and close processes for multinational organizations. It automates complex tasks like intercompany eliminations, currency translations, and compliance with IFRS, US GAAP, and other standards using a unified data model. The software integrates seamlessly with ERPs like SAP and Oracle, providing real-time analytics and audit-ready reports to streamline financial operations.
Pros
- Powerful consolidation engine handles multi-entity, multi-GAAP structures with precision
- Unified platform integrates close, consolidation, planning, and reporting to reduce silos
- Strong regulatory compliance tools and audit trails for global standards
Cons
- Steep learning curve and complex setup requiring expert implementation
- High upfront costs and long deployment times
- Less intuitive interface compared to modern cloud-native alternatives
Best For
Large multinational enterprises with complex, high-volume consolidation needs and strict regulatory requirements.
Pricing
Quote-based enterprise pricing; typically starts at $50,000+ annually depending on modules, users, and deployment (cloud or on-premise).
SAP Group Reporting
enterpriseReal-time financial consolidation and group reporting tool integrated with SAP S/4HANA for statutory and management reporting.
Real-time group consolidation using SAP HANA in-memory computing for instant financial insights across global entities
SAP Group Reporting is a powerful financial consolidation module within the SAP S/4HANA suite, designed for multinational enterprises to manage complex group financial reporting, consolidations, and closings. It automates intercompany eliminations, currency translations, and investment consolidations while ensuring compliance with standards like IFRS and US-GAAP. Leveraging SAP HANA's in-memory capabilities, it delivers real-time insights and analytics across diverse legal entities.
Pros
- Seamless integration with SAP ERP and S/4HANA for end-to-end financial processes
- Real-time consolidation and advanced analytics powered by HANA database
- Strong compliance tools with full audit trails and multi-GAAP support
Cons
- Steep learning curve and requires specialized SAP consultants for implementation
- High upfront costs and long deployment timelines
- Limited flexibility for organizations outside the SAP ecosystem
Best For
Large multinational corporations with existing SAP infrastructure seeking enterprise-grade financial consolidation and real-time reporting.
Pricing
Enterprise licensing starts at around $100,000+ annually, scaled by company size, users, and bundled with S/4HANA subscriptions; custom quotes required.
Workiva
enterpriseCloud platform streamlining financial reporting, consolidation, audit, and compliance workflows.
Linked data platform where changes in source data automatically propagate across all reports and filings
Workiva is a cloud-based platform designed for financial reporting, consolidation, and compliance, enabling seamless management of complex multi-entity consolidations, intercompany eliminations, and currency translations. It integrates data from various ERP systems and spreadsheets into a single source of truth, supporting statutory reporting, XBRL tagging, and audit-ready workflows. Finance teams use it to produce accurate consolidated financial statements and regulatory filings like 10-Ks and 10-Qs with enhanced governance and collaboration features.
Pros
- Robust consolidation engine with real-time intercompany matching and eliminations
- Strong compliance tools including audit trails and SOX controls
- Excel-like interface with linked data for efficient reporting
Cons
- High implementation time and costs for complex setups
- Steep learning curve for non-technical users
- Pricing can be prohibitive for mid-sized organizations
Best For
Large enterprises with multi-national operations needing integrated financial consolidation and regulatory reporting.
Pricing
Custom enterprise subscription pricing starting at around $50,000 annually, scaling with users, entities, and modules; contact sales for quotes.
Anaplan
enterpriseConnected planning platform enabling financial consolidation, forecasting, and scenario modeling.
Hyperblock technology for infinite scalability and real-time processing of massive hierarchical consolidation models
Anaplan is a cloud-based connected planning platform that excels in financial consolidation by enabling multi-dimensional modeling for group reporting, intercompany eliminations, currency translations, and compliance with standards like IFRS and US GAAP. It supports real-time data integration from ERPs and other sources, allowing for automated consolidations across complex organizational hierarchies. The platform's in-memory calculation engine delivers high performance for large-scale enterprises, facilitating scenario planning and what-if analysis alongside core consolidation tasks.
Pros
- Scalable multi-dimensional modeling handles complex consolidations for global enterprises
- Real-time collaboration and scenario modeling enhance decision-making
- Seamless integrations with ERPs like SAP and Oracle for automated data flows
Cons
- Steep learning curve requires specialized Anaplan model builders
- High implementation costs and ongoing fees for enterprise-scale use
- Less intuitive interface compared to dedicated consolidation tools
Best For
Large multinational corporations with complex organizational structures needing integrated financial planning and consolidation.
Pricing
Custom enterprise pricing, typically starting at $1,000+ per user per year, based on model complexity, users, and data volume; quote-based.
Planful
enterpriseContinuous planning platform with built-in financial consolidation, close, and dynamic reporting.
Dynamic Consolidation engine with AI-driven Signal Modeling for predictive insights and automated adjustments
Planful is a cloud-based Enterprise Performance Management (EPM) platform specializing in financial consolidation, budgeting, forecasting, and reporting for mid-to-large enterprises. It automates complex multi-entity consolidations, intercompany eliminations, currency translations, and ensures compliance with GAAP, IFRS, and other standards. The platform integrates with major ERPs like NetSuite, SAP, and Oracle, delivering real-time insights and collaborative planning tools to streamline financial close processes.
Pros
- Robust automation for consolidations and eliminations
- Seamless ERP integrations and real-time reporting
- Scalable for multi-entity global operations
Cons
- Higher pricing suitable mainly for enterprises
- Initial setup and implementation can be time-intensive
- Advanced customizations may require professional services
Best For
Mid-market to enterprise finance teams handling complex, multi-entity consolidations with a need for integrated FP&A.
Pricing
Quote-based enterprise pricing; typically starts at $50,000+ annually depending on modules, users, and deployment scale.
Vena Solutions
enterpriseExcel-native CPM solution for financial consolidation, budgeting, forecasting, and reporting.
Seamless Microsoft Excel-native interface for performing complex financial consolidations without learning new tools
Vena Solutions is a cloud-based FP&A platform that specializes in financial consolidation, leveraging Microsoft Excel as its core interface for multi-entity rollups, currency translation, and intercompany eliminations. It automates the financial close process with compliance-ready workflows, audit trails, and real-time reporting. Designed for finance teams, it integrates seamlessly with ERPs like NetSuite and SAP, bridging spreadsheets with enterprise systems.
Pros
- Native Excel integration for familiar spreadsheet-based consolidation
- Robust automation for intercompany transactions and currency management
- Strong scalability and ERP integrations for enterprise use
Cons
- Pricing can escalate quickly for advanced features and larger teams
- Relies heavily on Excel proficiency, limiting non-spreadsheet users
- Mobile and offline access are limited compared to pure web apps
Best For
Mid-market to enterprise finance teams comfortable with Excel who need integrated FP&A and consolidation capabilities.
Pricing
Quote-based enterprise pricing, typically starting at $120-$150 per user per month for core plans, scaling with users and modules.
Prophix
enterpriseOne-platform CPM software providing financial consolidation, budgeting, and profitability analysis.
Dynamic consolidation engine with built-in workflow automation for end-to-end financial close management
Prophix is a cloud-based Corporate Performance Management (CPM) platform specializing in financial consolidation, budgeting, forecasting, and reporting for mid-market organizations. It automates multi-entity consolidations, including intercompany eliminations, currency translations, and compliance with standards like IFRS and GAAP. The software integrates seamlessly with ERPs, offering real-time dashboards and collaborative workflows to streamline the financial close process.
Pros
- Comprehensive automation for multi-entity consolidation and intercompany transactions
- Intuitive Excel-like interface with strong ERP integrations (e.g., NetSuite, Sage)
- Robust reporting and analytics with real-time insights
Cons
- Pricing is quote-based and can be expensive for smaller firms
- Advanced customizations often require professional services
- Limited native AI-driven predictive capabilities compared to top competitors
Best For
Mid-market finance teams in multi-entity organizations needing integrated consolidation and FP&A tools.
Pricing
Quote-based subscription pricing, typically starting at $50,000+ annually depending on users and modules.
Board
enterpriseDecision-making platform combining BI, CPM, and financial consolidation for integrated analytics.
Hybrid OLAP technology enabling real-time consolidation with write-back planning and what-if simulations
Board is a unified decision-making platform specializing in financial consolidation, planning, and analytics for complex, multi-entity organizations. It automates key processes like intercompany eliminations, currency translation, and compliance with IFRS/GAAP standards using a visual, no-code modeling environment. The software integrates data from diverse sources to deliver accurate consolidated financial statements and advanced reporting in real-time.
Pros
- Comprehensive consolidation engine with automated eliminations and multi-GAAP support
- Visual drag-and-drop modeling for flexible, code-free application building
- Scalable performance for handling large datasets across global enterprises
Cons
- Steep learning curve despite visual interface, often requiring training
- High implementation costs and dependency on professional services
- Limited out-of-the-box integrations compared to specialized consolidation tools
Best For
Multinational enterprises needing an integrated platform for financial consolidation, planning, and BI.
Pricing
Quote-based enterprise pricing, typically starting at $50,000+ annually depending on users, modules, and deployment scale.
Conclusion
When evaluating financial consolidation software, the top three stand out for their unique strengths—OneStream leads with its unified, intelligent approach, Oracle excels in automating global processes, and CCH Tagetik shines in regulatory alignment—each offering robust solutions tailored to distinct needs.
Ready to transform your financial operations? Explore OneStream first to unlock seamless consolidation, planning, and reporting that empowers informed decisions.
Tools Reviewed
All tools were independently evaluated for this comparison