Quick Overview
- 1#1: BlackLine - Automates account reconciliations, journal entries, and task management to streamline the financial close process.
- 2#2: FloQast - Provides close management software with checklists, reconciliations, and flux analysis to accelerate month-end closes.
- 3#3: Adra by Trintech - Delivers automated account reconciliations and financial close automation for accuracy and efficiency.
- 4#4: Workiva - Offers a connected platform for financial reporting, close management, and compliance during month-end.
- 5#5: SkyStem ART - Automates reconciliation matching and close checklists to reduce month-end close cycle times.
- 6#6: ReconArt - Specializes in automated bank reconciliations and intercompany matching for faster financial closes.
- 7#7: OneStream - Unifies financial close, consolidation, and reporting in a single CPM platform for enterprise month-ends.
- 8#8: Planful - Supports continuous close processes with automation for reconciliations and financial reporting.
- 9#9: Prophix - Provides CPM software with close automation, budgeting, and reporting features for mid-market firms.
- 10#10: Vena Solutions - Excel-native platform for close management, reconciliations, and FP&A workflows.
These tools were chosen based on their ability to deliver robust features (including automation and reconciliation), proven quality, intuitive usability, and strong value, ensuring they align with the demands of modern financial operations.
Comparison Table
This comparison table examines leading month end close software, featuring tools like BlackLine, FloQast, Adra by Trintech, Workiva, SkyStem ART, and more. It outlines key capabilities, strengths, and considerations to help readers understand each solution's fit for their specific financial closing needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | BlackLine Automates account reconciliations, journal entries, and task management to streamline the financial close process. | enterprise | 9.5/10 | 9.8/10 | 8.7/10 | 9.2/10 |
| 2 | FloQast Provides close management software with checklists, reconciliations, and flux analysis to accelerate month-end closes. | enterprise | 9.2/10 | 9.5/10 | 9.0/10 | 8.7/10 |
| 3 | Adra by Trintech Delivers automated account reconciliations and financial close automation for accuracy and efficiency. | enterprise | 8.7/10 | 9.2/10 | 8.4/10 | 8.1/10 |
| 4 | Workiva Offers a connected platform for financial reporting, close management, and compliance during month-end. | enterprise | 8.4/10 | 9.1/10 | 7.6/10 | 7.9/10 |
| 5 | SkyStem ART Automates reconciliation matching and close checklists to reduce month-end close cycle times. | specialized | 8.2/10 | 8.8/10 | 7.9/10 | 8.0/10 |
| 6 | ReconArt Specializes in automated bank reconciliations and intercompany matching for faster financial closes. | specialized | 8.4/10 | 8.7/10 | 8.2/10 | 8.0/10 |
| 7 | OneStream Unifies financial close, consolidation, and reporting in a single CPM platform for enterprise month-ends. | enterprise | 8.7/10 | 9.2/10 | 7.5/10 | 8.0/10 |
| 8 | Planful Supports continuous close processes with automation for reconciliations and financial reporting. | enterprise | 8.1/10 | 8.4/10 | 7.7/10 | 7.6/10 |
| 9 | Prophix Provides CPM software with close automation, budgeting, and reporting features for mid-market firms. | enterprise | 8.2/10 | 8.5/10 | 8.0/10 | 7.8/10 |
| 10 | Vena Solutions Excel-native platform for close management, reconciliations, and FP&A workflows. | enterprise | 8.2/10 | 8.5/10 | 7.8/10 | 7.5/10 |
Automates account reconciliations, journal entries, and task management to streamline the financial close process.
Provides close management software with checklists, reconciliations, and flux analysis to accelerate month-end closes.
Delivers automated account reconciliations and financial close automation for accuracy and efficiency.
Offers a connected platform for financial reporting, close management, and compliance during month-end.
Automates reconciliation matching and close checklists to reduce month-end close cycle times.
Specializes in automated bank reconciliations and intercompany matching for faster financial closes.
Unifies financial close, consolidation, and reporting in a single CPM platform for enterprise month-ends.
Supports continuous close processes with automation for reconciliations and financial reporting.
Provides CPM software with close automation, budgeting, and reporting features for mid-market firms.
Excel-native platform for close management, reconciliations, and FP&A workflows.
BlackLine
enterpriseAutomates account reconciliations, journal entries, and task management to streamline the financial close process.
AI-powered Intelligent Transaction Matching for high-accuracy, high-volume reconciliations
BlackLine is a cloud-based platform specializing in automating the financial close process, including account reconciliations, task management, journal entries, and consolidations. It significantly reduces month-end close times by providing a centralized hub for finance teams to collaborate and ensure compliance. With robust ERP integrations and AI-driven insights, BlackLine enables continuous accounting practices for enterprises worldwide.
Pros
- Comprehensive automation across reconciliations, tasks, and consolidations
- Seamless integrations with major ERPs like SAP and Oracle
- Strong compliance tools and audit trails for regulatory adherence
Cons
- High implementation costs and time for complex setups
- Steep learning curve for non-technical users
- Premium pricing may not suit small businesses
Best For
Large enterprises with complex, high-volume month-end closes needing scalable automation and compliance.
Pricing
Custom subscription pricing based on modules, users, and transaction volume; typically starts at $50,000+ annually for mid-sized deployments.
FloQast
enterpriseProvides close management software with checklists, reconciliations, and flux analysis to accelerate month-end closes.
The Close Management module with AI-powered flux analysis and automated PBC (Prepared by Client) requests
FloQast is a leading close management platform designed to automate and streamline the month-end close process for accounting teams. It provides customizable checklists, task assignments, reconciliation tools, flux analysis, and report package management to ensure accuracy and efficiency. The software integrates seamlessly with popular ERPs like NetSuite, QuickBooks, and Sage Intacct, enabling real-time collaboration and reducing close times significantly.
Pros
- Robust automation of checklists and workflows reduces close cycle by up to 50%
- Strong integrations with 40+ ERPs and accounting tools
- Excellent real-time collaboration and audit trail features
Cons
- Pricing is quote-based and can be steep for smaller teams
- Initial setup requires configuration time
- Advanced reporting may need customization
Best For
Mid-sized to enterprise finance teams seeking to optimize and standardize their month-end close processes.
Pricing
Custom quote-based pricing, typically starting at $10,000-$50,000 annually based on users and features.
Adra by Trintech
enterpriseDelivers automated account reconciliations and financial close automation for accuracy and efficiency.
AI-driven Intelligent Matching Engine that automates 90%+ of reconciliations with minimal rules setup
Adra by Trintech is a comprehensive cloud-based platform that automates key aspects of the month-end close process, including account reconciliations, task management, journal entries, and financial reporting. It integrates deeply with leading ERP systems like SAP, Oracle, and NetSuite to streamline workflows and ensure compliance. By leveraging AI-driven matching and intelligent automation, Adra helps finance teams reduce close cycle times from days to hours while minimizing errors.
Pros
- Powerful AI-powered reconciliation matching engine handles high-volume transactions with high accuracy
- Seamless integrations with major ERPs and strong task orchestration for end-to-end close management
- Scalable for global enterprises with multi-entity and multi-currency support
Cons
- Implementation can be time-intensive requiring professional services
- Pricing is enterprise-focused and may be prohibitive for smaller organizations
- Advanced customizations demand technical expertise
Best For
Mid-to-large enterprises with complex, high-volume month-end closes needing robust automation and ERP integration.
Pricing
Custom enterprise subscription pricing based on modules, user count, and transaction volume; typically starts at $50K+ annually—contact Trintech for a quote.
Workiva
enterpriseOffers a connected platform for financial reporting, close management, and compliance during month-end.
Wdata links that create a single source of truth by automatically syncing data across spreadsheets, financials, and narratives
Workiva is a cloud-based platform designed for financial reporting, compliance, and month-end close automation, enabling seamless data integration from ERPs like SAP and Oracle. It streamlines the close process through task management, reconciliations, consolidations, and real-time collaboration on reports. With strong audit trails and XBRL support, it ensures accuracy and regulatory compliance for complex financial operations.
Pros
- Comprehensive integration with multiple ERPs and data sources
- Linked data model for real-time updates across reports
- Robust compliance and audit trail features
Cons
- Steep learning curve for new users
- Enterprise-level pricing may not suit SMBs
- Customization can require significant setup time
Best For
Large enterprises with complex, multi-entity month-end closes needing integrated reporting and compliance.
Pricing
Custom enterprise subscription pricing, typically starting at $50,000+ annually based on users, modules, and data volume.
SkyStem ART
specializedAutomates reconciliation matching and close checklists to reduce month-end close cycle times.
Pre-built, one-click reconciliation templates for common account types that enable rapid deployment and 80-90% automation rates out-of-the-box
SkyStem ART is a cloud-based account reconciliation software that automates balance sheet reconciliations, a critical component of the month-end close process. It provides pre-built templates, transaction matching, variance analysis, and detailed explanations to ensure accuracy, compliance, and audit readiness. By minimizing manual data entry and review time, it helps finance teams accelerate their close cycles while maintaining robust controls.
Pros
- Highly automated transaction matching and reconciliation templates reduce manual effort significantly
- Strong ERP integrations (e.g., NetSuite, QuickBooks, SAP) for seamless data import
- Comprehensive audit trails and reporting for compliance and transparency
Cons
- Primarily focused on reconciliations, lacking broader month-end task management or flux analysis tools
- Steep learning curve for complex custom reconciliations without dedicated support
- Pricing scales quickly with volume of reconciliations, less ideal for small teams
Best For
Mid-sized enterprises seeking robust automation specifically for high-volume balance sheet reconciliations during month-end close.
Pricing
Quote-based subscription starting around $20,000 annually, scaled by number of reconciliations, users, and integrations.
ReconArt
specializedSpecializes in automated bank reconciliations and intercompany matching for faster financial closes.
AI-driven SmartMatch technology for advanced transaction pairing and exception handling
ReconArt is a cloud-based reconciliation automation platform that streamlines month-end close processes by automating account reconciliations, transaction matching, and balance certifications. It supports bank, intercompany, AR/AP, and subledger reconciliations, integrating with ERPs like SAP, Oracle, and NetSuite. Finance teams use it to reduce manual work, minimize errors, and accelerate close cycles while ensuring compliance.
Pros
- Highly configurable automated matching rules with AI enhancements
- Seamless ERP integrations and scalable for high-volume reconciliations
- Robust audit trails, reporting, and variance analysis tools
Cons
- Steep initial setup and customization for complex environments
- Pricing lacks transparency and can be costly for smaller teams
- Focuses primarily on reconciliations, less comprehensive for full close workflow automation
Best For
Mid-sized to large enterprises with high-volume reconciliations needing precise automation during month-end close.
Pricing
Custom quote-based pricing; typically starts at $10,000-$20,000 annually for basic plans, scaling with transaction volume and modules.
OneStream
enterpriseUnifies financial close, consolidation, and reporting in a single CPM platform for enterprise month-ends.
Close Manager with intelligent task orchestration and workflow automation across the entire close process
OneStream is a comprehensive Corporate Performance Management (CPM) platform that automates and streamlines month-end close processes, including account reconciliations, journal entries, task management, and financial consolidations. It provides a unified environment for close, reporting, planning, and analytics, serving as a single source of truth to accelerate cycle times and ensure compliance. Designed for enterprises, it scales to handle complex, multi-entity operations with robust intercompany eliminations and audit trails.
Pros
- Unified platform integrates close, consolidation, and reporting to eliminate silos
- Advanced automation for reconciliations, tasks, and intercompany processes reduces close times significantly
- Highly scalable and extensible via no-code Solution Studio and Marketplace
Cons
- Steep learning curve and complex initial setup for non-technical users
- High implementation time and costs, often requiring consultants
- Premium pricing may not suit smaller organizations
Best For
Large enterprises with complex, global operations seeking an all-in-one EPM solution for month-end close and beyond.
Pricing
Quote-based enterprise pricing, typically starting at $150,000-$300,000 annually depending on modules, users, and deployment size.
Planful
enterpriseSupports continuous close processes with automation for reconciliations and financial reporting.
Continuous Close with AI-driven insights for proactive issue detection and faster closes
Planful is a cloud-based FP&A platform with a dedicated Month End Close module that automates financial close processes through configurable workflows, task management, and reconciliations. It integrates with major ERPs like NetSuite, SAP, and Oracle to streamline account certifications, journal entries, and close checklists. The solution provides real-time dashboards and audit trails to enhance visibility and compliance during period-end closes.
Pros
- Robust workflow automation for close tasks and approvals
- Seamless ERP integrations and real-time collaboration tools
- Scalable for mid-to-large enterprises with strong audit capabilities
Cons
- Steeper learning curve for complex configurations
- Higher pricing compared to close-only specialists
- Less specialized in pure close automation than top competitors
Best For
Mid-sized to large finance teams seeking an integrated FP&A platform with solid month-end close functionality.
Pricing
Quote-based annual subscriptions, typically starting at $50,000+ for enterprises depending on modules and users.
Prophix
enterpriseProvides CPM software with close automation, budgeting, and reporting features for mid-market firms.
Close Manager's real-time workflow engine that tracks close progress, assigns tasks, and automates approvals across the entire process
Prophix is a comprehensive Corporate Performance Management (CPM) platform that automates and streamlines month-end close processes through its Close Manager module, offering task automation, reconciliations, and intercompany eliminations. It integrates with popular ERPs like NetSuite, Sage, and QuickBooks to facilitate journal entries, consolidations, and real-time reporting. Finance teams use it to shorten close cycles, ensure compliance, and gain visibility into financial performance across multiple entities.
Pros
- Robust workflow automation for month-end tasks, checklists, and approvals
- Strong ERP integrations and real-time dashboards for close monitoring
- Scalable consolidation capabilities for multi-entity organizations
Cons
- Quote-based pricing can be expensive for smaller teams
- Implementation and customization require professional services
- Less emphasis on AI-driven analytics compared to top competitors
Best For
Mid-market finance teams in multi-entity businesses seeking an integrated CPM solution to automate and accelerate month-end closes.
Pricing
Quote-based subscription model, typically $20,000–$100,000+ annually depending on users, modules, and deployment size.
Vena Solutions
enterpriseExcel-native platform for close management, reconciliations, and FP&A workflows.
Excel-native close management that governs spreadsheets without forcing users to abandon them
Vena Solutions is an Excel-native FP&A platform that streamlines month-end close processes through automation of reconciliations, task management, and financial reporting. It integrates seamlessly with Excel, Power BI, and ERP systems to centralize close activities, reduce manual effort, and ensure compliance. Designed for finance teams, it transforms spreadsheets into a governed system while supporting budgeting, forecasting, and analytics alongside close workflows.
Pros
- Deep Excel integration for familiar workflows
- Robust automation of close tasks and reconciliations
- Strong integration with Microsoft tools and ERPs
Cons
- Complex implementation and customization
- Higher pricing for smaller teams
- Less specialized for pure close vs. full FP&A suites
Best For
Mid-sized to large enterprises with Excel-heavy finance teams needing integrated FP&A and month-end close automation.
Pricing
Custom quote-based pricing; typically starts at $50,000+ annually for mid-market, scaling with users and modules.
Conclusion
Evaluating the reviewed tools, BlackLine emerged as the top choice, streamlining the financial close with automation for reconciliations, journal entries, and task management. FloQast followed closely, accelerating processes through checklists, reconciliations, and flux analysis, while Adra by Trintech stood out as a strong alternative, prioritizing accuracy with automated reconciliations and close support. Each solution offers unique benefits, but BlackLine leads as the most comprehensive option for a smooth close.
Take the first step toward efficient month-end closes—explore BlackLine to leverage its robust automation and transform your process.
Tools Reviewed
All tools were independently evaluated for this comparison