Quick Overview
- 1#1: OneStream - Unified Corporate Performance Management platform that excels in financial consolidation, close, planning, and reporting for complex groups.
- 2#2: Oracle Financial Consolidation and Close - Cloud-based solution for automating financial consolidation, account reconciliations, and close management across multinational groups.
- 3#3: Workiva - Connected platform for streamlined financial reporting, consolidation, and compliance with real-time data integration.
- 4#4: SAP Group Reporting - Integrated financial consolidation tool within SAP S/4HANA for group reporting, intercompany eliminations, and statutory compliance.
- 5#5: CCH Tagetik - Comprehensive CPM suite providing advanced financial consolidation, planning, and close processes for global enterprises.
- 6#6: BlackLine - Financial close automation platform with robust consolidation features, reconciliations, and task management.
- 7#7: Anaplan - Connected planning platform supporting financial consolidation, forecasting, and scenario modeling for group entities.
- 8#8: Vena Solutions - Excel-native CPM software for financial consolidation, budgeting, and reporting with seamless workflow automation.
- 9#9: Planful - Continuous planning platform offering financial consolidation, close, and FP&A capabilities for mid-to-large enterprises.
- 10#10: Prophix - One-platform CPM solution for financial consolidation, budgeting, and reporting tailored to growing organizations.
Tools were ranked based on a rigorous evaluation of core features, automation capabilities, user experience, and long-term value, ensuring a balanced selection of solutions that excel in performance and adaptability.
Comparison Table
Exploring Group Consolidation Software? This comparison table highlights top tools like OneStream, Oracle Financial Consolidation and Close, Workiva, SAP Group Reporting, and CCH Tagetik, guiding you to understand their unique strengths. Readers will learn how to align software with organizational needs, from integration to operational efficiency, to optimize financial close and consolidation workflows.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | OneStream Unified Corporate Performance Management platform that excels in financial consolidation, close, planning, and reporting for complex groups. | enterprise | 9.6/10 | 9.8/10 | 8.5/10 | 9.2/10 |
| 2 | Oracle Financial Consolidation and Close Cloud-based solution for automating financial consolidation, account reconciliations, and close management across multinational groups. | enterprise | 9.2/10 | 9.6/10 | 8.1/10 | 8.7/10 |
| 3 | Workiva Connected platform for streamlined financial reporting, consolidation, and compliance with real-time data integration. | enterprise | 8.4/10 | 9.1/10 | 7.6/10 | 7.9/10 |
| 4 | SAP Group Reporting Integrated financial consolidation tool within SAP S/4HANA for group reporting, intercompany eliminations, and statutory compliance. | enterprise | 8.7/10 | 9.3/10 | 7.4/10 | 8.1/10 |
| 5 | CCH Tagetik Comprehensive CPM suite providing advanced financial consolidation, planning, and close processes for global enterprises. | enterprise | 8.2/10 | 8.8/10 | 7.6/10 | 7.9/10 |
| 6 | BlackLine Financial close automation platform with robust consolidation features, reconciliations, and task management. | enterprise | 8.4/10 | 8.8/10 | 8.2/10 | 8.0/10 |
| 7 | Anaplan Connected planning platform supporting financial consolidation, forecasting, and scenario modeling for group entities. | enterprise | 8.4/10 | 9.1/10 | 7.2/10 | 7.6/10 |
| 8 | Vena Solutions Excel-native CPM software for financial consolidation, budgeting, and reporting with seamless workflow automation. | enterprise | 8.3/10 | 8.7/10 | 9.2/10 | 7.8/10 |
| 9 | Planful Continuous planning platform offering financial consolidation, close, and FP&A capabilities for mid-to-large enterprises. | enterprise | 8.2/10 | 8.7/10 | 7.8/10 | 7.5/10 |
| 10 | Prophix One-platform CPM solution for financial consolidation, budgeting, and reporting tailored to growing organizations. | enterprise | 7.8/10 | 8.0/10 | 8.4/10 | 7.3/10 |
Unified Corporate Performance Management platform that excels in financial consolidation, close, planning, and reporting for complex groups.
Cloud-based solution for automating financial consolidation, account reconciliations, and close management across multinational groups.
Connected platform for streamlined financial reporting, consolidation, and compliance with real-time data integration.
Integrated financial consolidation tool within SAP S/4HANA for group reporting, intercompany eliminations, and statutory compliance.
Comprehensive CPM suite providing advanced financial consolidation, planning, and close processes for global enterprises.
Financial close automation platform with robust consolidation features, reconciliations, and task management.
Connected planning platform supporting financial consolidation, forecasting, and scenario modeling for group entities.
Excel-native CPM software for financial consolidation, budgeting, and reporting with seamless workflow automation.
Continuous planning platform offering financial consolidation, close, and FP&A capabilities for mid-to-large enterprises.
One-platform CPM solution for financial consolidation, budgeting, and reporting tailored to growing organizations.
OneStream
enterpriseUnified Corporate Performance Management platform that excels in financial consolidation, close, planning, and reporting for complex groups.
Extensible Dimensionality® architecture enabling flexible, code-free modeling of accounts, rules, and reports in a single engine
OneStream is a unified Corporate Performance Management (CPM) platform that excels as a top-tier group consolidation software, automating complex financial close processes for multinational enterprises. It handles multi-entity consolidations, intercompany eliminations, currency translations, and multi-GAAP compliance with precision and scalability. Beyond core consolidation, it integrates planning, forecasting, reporting, and analytics into a single, extensible platform, reducing silos and enhancing efficiency.
Pros
- Superior handling of complex consolidations with unlimited hierarchies and advanced intercompany matching
- Unified platform eliminates need for multiple tools, streamlining workflows from close to reporting
- Highly scalable for global enterprises with thousands of entities and real-time data integration
Cons
- Steep learning curve and requires skilled implementation partners for optimal setup
- Premium pricing may be prohibitive for smaller organizations
- Initial deployment can take several months depending on complexity
Best For
Large multinational corporations with intricate group structures needing an all-in-one solution for consolidation, planning, and analytics.
Pricing
Enterprise subscription pricing starting at $150,000+ annually, customized based on users, entities, modules, and deployment scale.
Oracle Financial Consolidation and Close
enterpriseCloud-based solution for automating financial consolidation, account reconciliations, and close management across multinational groups.
Intelligent Close Manager that automates task orchestration, approvals, and reconciliations across the entire close lifecycle
Oracle Financial Consolidation and Close (FCC) is a cloud-based enterprise performance management (EPM) solution designed to automate the financial close, consolidation, and reporting processes for multinational organizations. It excels in handling complex multi-entity consolidations, including currency translations, intercompany eliminations, ownership management, and compliance with standards like IFRS and US GAAP. The platform provides real-time data validation, audit trails, and integrated reporting to streamline group-wide financial closes.
Pros
- Powerful rules-based engine for complex consolidations and eliminations
- Seamless integration with Oracle ERP, EPM, and other cloud services
- Robust compliance, audit trails, and real-time collaboration tools
Cons
- Steep learning curve and complex initial setup requiring expertise
- High enterprise-level pricing not ideal for smaller organizations
- Customization often needs Oracle consultants or partners
Best For
Large multinational corporations with complex multi-entity structures seeking integrated Oracle EPM solutions.
Pricing
Subscription-based enterprise pricing starting at around $10,000/month for base configurations, scaling with users, entities, and modules; custom quotes required.
Workiva
enterpriseConnected platform for streamlined financial reporting, consolidation, and compliance with real-time data integration.
Linked data platform that automatically propagates changes across all connected reports, spreadsheets, and filings
Workiva is a cloud-based platform designed for enterprise financial transformation, specializing in group consolidation, financial close, and integrated reporting. It automates multi-entity consolidations, intercompany eliminations, currency translations, and regulatory filings like SEC reports. The platform links data across spreadsheets, ERP systems, and documents for real-time accuracy and collaboration.
Pros
- Seamless integration with ERPs like SAP and Oracle for automated data flows
- Comprehensive audit trails and version control for compliance-heavy environments
- Real-time collaboration and linked data model reducing manual errors
Cons
- Steep learning curve and complex initial setup for non-expert users
- High enterprise-level pricing not suitable for SMBs
- More reporting-centric than pure-play consolidation tools
Best For
Large multinational enterprises with complex group structures requiring integrated financial close, consolidation, and SEC/ESG reporting.
Pricing
Custom enterprise subscription pricing; typically starts at $100,000+ annually based on users and modules, with quotes required.
SAP Group Reporting
enterpriseIntegrated financial consolidation tool within SAP S/4HANA for group reporting, intercompany eliminations, and statutory compliance.
Matrix organizational model for flexible, ownership-driven consolidations across diverse structures
SAP Group Reporting is a cloud-based financial consolidation solution that automates group close processes, intercompany reconciliations, and multi-GAAP reporting for multinational enterprises. It integrates deeply with SAP S/4HANA and other ERP systems, enabling real-time data consolidation, currency translation, and ownership-based eliminations. The platform provides advanced analytics, audit trails, and predictive insights to streamline statutory and management reporting.
Pros
- Seamless integration with SAP ecosystem for real-time data processing
- Robust support for complex consolidations including multi-GAAP and intercompany eliminations
- Advanced AI-driven analytics and predictive forecasting capabilities
Cons
- Steep learning curve and complex initial setup requiring SAP expertise
- High implementation costs and long deployment timelines
- Less ideal for non-SAP environments or smaller organizations
Best For
Large multinational corporations with SAP-centric IT landscapes needing enterprise-grade group consolidation and real-time reporting.
Pricing
Custom enterprise licensing, typically starting at $100,000+ annually based on user count, modules, and company revenue; quote-based.
CCH Tagetik
enterpriseComprehensive CPM suite providing advanced financial consolidation, planning, and close processes for global enterprises.
Integrated Account Reconciliation and Transaction Matching for streamlined group close processes
CCH Tagetik is a comprehensive Corporate Performance Management (CPM) platform from Wolters Kluwer, specializing in group financial consolidation for multi-entity organizations. It automates complex processes like intercompany eliminations, currency translations, and minority interest calculations while ensuring compliance with IFRS, US GAAP, and local regulations. The software integrates with ERPs such as SAP and Oracle, providing unified reporting, analytics, and close management in a single platform.
Pros
- Powerful automation for consolidations, eliminations, and reconciliations
- Seamless ERP integrations and unified EPM capabilities
- Advanced compliance tools for global statutory reporting
Cons
- High implementation costs and complexity
- Steep learning curve for non-expert users
- Custom pricing lacks transparency
Best For
Large multinational corporations with complex ownership structures and regulatory reporting needs.
Pricing
Quote-based enterprise licensing; typically $100,000+ annually depending on modules and users.
BlackLine
enterpriseFinancial close automation platform with robust consolidation features, reconciliations, and task management.
Intelligent intercompany hub for automated matching, netting, and eliminations across global entities
BlackLine Consolidation is a cloud-based module within the BlackLine platform designed to automate the financial close and consolidation processes for multi-entity organizations. It streamlines tasks like currency translation, intercompany eliminations, minority interest calculations, and statutory reporting compliant with IFRS, US GAAP, and local standards. Integrated seamlessly with ERP systems such as SAP and Oracle, it provides real-time visibility and audit trails to enhance accuracy and efficiency in group consolidations.
Pros
- Powerful automation for intercompany matching and eliminations, reducing manual errors
- Seamless integration with BlackLine's reconciliation and journal entry modules for end-to-end close management
- Robust compliance features with detailed audit trails and support for multiple GAAP standards
Cons
- Pricing is enterprise-focused and can be expensive for smaller organizations
- Implementation requires significant setup time, especially for complex hierarchies
- Less specialized in advanced planning or forecasting compared to pure-play consolidation tools
Best For
Mid-to-large enterprises with complex multi-subsidiary structures seeking integrated financial close and consolidation automation.
Pricing
Custom enterprise subscription pricing, typically starting at $100,000+ annually depending on modules, users, and entities.
Anaplan
enterpriseConnected planning platform supporting financial consolidation, forecasting, and scenario modeling for group entities.
Hyperblocks technology enabling lightning-fast, in-memory calculations for massive-scale consolidations
Anaplan is a cloud-native connected planning platform that excels in financial performance management, including group financial consolidation for multi-entity organizations. It supports automated currency translation, intercompany eliminations, statutory reporting, and real-time scenario modeling within a unified environment. Its flexible, multi-dimensional modeling engine handles complex hierarchies and consolidations at scale, integrating seamlessly with ERPs like SAP and Oracle.
Pros
- Powerful multi-dimensional modeling for complex group consolidations and hierarchies
- Real-time calculations and collaboration across global teams
- Robust integrations with major ERPs and strong scalability for enterprises
Cons
- Steep learning curve requiring skilled model builders
- High cost with custom enterprise pricing
- Potential performance lags with extremely large datasets without optimization
Best For
Large multinational enterprises with complex group structures needing integrated financial consolidation and planning.
Pricing
Custom enterprise pricing via quote; typically starts at $100,000+ annually based on users, workspaces, and modules.
Vena Solutions
enterpriseExcel-native CPM software for financial consolidation, budgeting, and reporting with seamless workflow automation.
Excel-native consolidation engine with AI-assisted intercompany transaction matching
Vena Solutions is an Excel-native FP&A platform with robust group consolidation capabilities, enabling multi-entity financial close processes, intercompany eliminations, currency translations, and compliance with IFRS and GAAP standards. It automates consolidations while maintaining spreadsheet familiarity, integrating with ERPs like NetSuite, SAP, and QuickBooks. The platform also supports advanced reporting, forecasting, and analytics tied directly to consolidation data.
Pros
- Seamless Excel integration for familiar workflows
- Automated intercompany matching and eliminations
- Strong scalability for mid-to-large enterprises
Cons
- High cost for smaller teams
- Heavy reliance on Excel expertise
- Complex initial setup for custom hierarchies
Best For
Mid-market finance teams comfortable with Excel who need integrated FP&A and group consolidation.
Pricing
Custom quote-based pricing; typically $100-$200/user/month with modular add-ons for consolidation.
Planful
enterpriseContinuous planning platform offering financial consolidation, close, and FP&A capabilities for mid-to-large enterprises.
Advanced ownership management that dynamically handles minority interests, joint ventures, and complex equity structures
Planful is a comprehensive cloud-based FP&A platform with a dedicated Consolidation module designed for multi-entity organizations, automating financial close, intercompany eliminations, currency translations, and compliance with standards like IFRS and GAAP. It streamlines group consolidation processes while integrating seamlessly with budgeting, forecasting, and reporting tools for end-to-end financial management. Ideal for enterprises needing scalable solutions to handle complex ownership structures and statutory reporting.
Pros
- Robust automation for intercompany transactions and eliminations
- Multi-currency support with real-time currency rates
- Seamless integration with ERP systems like NetSuite and SAP
Cons
- Steep learning curve for advanced consolidation setups
- Higher cost suitable mainly for mid-to-large enterprises
- Limited out-of-the-box custom reporting without add-ons
Best For
Mid-to-large enterprises with complex multi-entity operations requiring integrated FP&A and consolidation.
Pricing
Custom enterprise pricing starting around $50,000 annually, scaling with users, modules, and complexity.
Prophix
enterpriseOne-platform CPM solution for financial consolidation, budgeting, and reporting tailored to growing organizations.
Excel-native consolidation engine allowing seamless data import, manipulation, and reporting within familiar spreadsheets
Prophix is a cloud-based Corporate Performance Management (CPM) platform that excels in group financial consolidation, enabling multi-entity organizations to aggregate financial data, perform intercompany eliminations, and handle currency translations efficiently. It integrates consolidation with budgeting, forecasting, reporting, and workflow automation for streamlined financial close processes. Designed for mid-market companies, it supports compliance with standards like IFRS and GAAP through audit-ready trails and real-time insights.
Pros
- Intuitive interface with strong Excel integration for familiar workflows
- Robust automation for intercompany eliminations and multi-currency handling
- Comprehensive CPM suite beyond just consolidation, including budgeting and reporting
Cons
- Pricing can be steep for smaller organizations
- Advanced customization may require professional services
- Reporting flexibility lags behind some enterprise-level competitors
Best For
Mid-sized enterprises with multi-entity structures seeking an integrated CPM solution for consolidation and financial planning.
Pricing
Custom quote-based subscription starting at around $50,000 annually, scaling with users and modules.
Conclusion
Evaluating group consolidation software reveals tools that balance functionality and adaptability, with clear standouts at the top. OneStream leads as the top choice, offering a unified platform for financial consolidation, close, planning, and complex group management. Close behind, Oracle Financial Consolidation and Close and Workiva shine as exceptional alternatives, with cloud automation and real-time data integration, respectively, catering to distinct organizational needs.
Explore the top-ranked OneStream to streamline your group's financial processes, or consider Oracle Financial Consolidation and Close or Workiva for specialized capabilities that align with your unique requirements.
Tools Reviewed
All tools were independently evaluated for this comparison