Quick Overview
- 1#1: Workiva - Cloud platform that streamlines financial, ESG, and regulatory reporting with XBRL tagging and automated workflows.
- 2#2: Wolters Kluwer OneSumX - Integrated solution for regulatory reporting, risk management, and compliance across multiple jurisdictions.
- 3#3: Regnology - Automates regulatory reporting, validation, and submission for banks and financial institutions globally.
- 4#4: CCH Tagetik - Corporate performance management platform with advanced regulatory consolidation and reporting features.
- 5#5: SAS Compliance Solutions - Analytics-powered regulatory compliance and reporting suite for financial services.
- 6#6: Oracle Financial Services Regulatory Reporting - Comprehensive regulatory reporting solution with data management and submission capabilities for banks.
- 7#7: Moody's Analytics - Regulatory reporting and risk analytics platform supporting Basel, IFRS, and other standards.
- 8#8: FIS RegReports - Cloud-based regulatory reporting and compliance platform tailored for financial institutions.
- 9#9: Broadridge Regulatory Solutions - End-to-end regulatory reporting and compliance solutions for asset managers and banks.
- 10#10: SS&C Blue Prism Regulatory Reporting - Automation-driven regulatory reporting for investment management and financial services.
We meticulously evaluated these tools based on key factors such as advanced features, user-friendly interfaces, robust security, and overall value, ensuring they meet the evolving needs of businesses across various sectors.
Comparison Table
This comparison table breaks down key regulatory reporting software tools, including Workiva, Wolters Kluwer OneSumX, Regnology, CCH Tagetik, SAS Compliance Solutions, and others, to help readers understand features and suitability for their needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Workiva Cloud platform that streamlines financial, ESG, and regulatory reporting with XBRL tagging and automated workflows. | enterprise | 9.2/10 | 9.5/10 | 8.1/10 | 8.4/10 |
| 2 | Wolters Kluwer OneSumX Integrated solution for regulatory reporting, risk management, and compliance across multiple jurisdictions. | enterprise | 9.2/10 | 9.6/10 | 7.9/10 | 8.7/10 |
| 3 | Regnology Automates regulatory reporting, validation, and submission for banks and financial institutions globally. | enterprise | 8.7/10 | 9.3/10 | 7.9/10 | 8.4/10 |
| 4 | CCH Tagetik Corporate performance management platform with advanced regulatory consolidation and reporting features. | enterprise | 8.4/10 | 9.2/10 | 7.5/10 | 8.0/10 |
| 5 | SAS Compliance Solutions Analytics-powered regulatory compliance and reporting suite for financial services. | enterprise | 8.4/10 | 9.2/10 | 6.8/10 | 7.9/10 |
| 6 | Oracle Financial Services Regulatory Reporting Comprehensive regulatory reporting solution with data management and submission capabilities for banks. | enterprise | 8.4/10 | 9.2/10 | 7.5/10 | 7.8/10 |
| 7 | Moody's Analytics Regulatory reporting and risk analytics platform supporting Basel, IFRS, and other standards. | enterprise | 8.2/10 | 8.9/10 | 7.4/10 | 7.9/10 |
| 8 | FIS RegReports Cloud-based regulatory reporting and compliance platform tailored for financial institutions. | enterprise | 8.4/10 | 9.2/10 | 7.6/10 | 8.0/10 |
| 9 | Broadridge Regulatory Solutions End-to-end regulatory reporting and compliance solutions for asset managers and banks. | enterprise | 8.2/10 | 8.8/10 | 7.6/10 | 8.0/10 |
| 10 | SS&C Blue Prism Regulatory Reporting Automation-driven regulatory reporting for investment management and financial services. | enterprise | 7.6/10 | 8.2/10 | 6.8/10 | 7.1/10 |
Cloud platform that streamlines financial, ESG, and regulatory reporting with XBRL tagging and automated workflows.
Integrated solution for regulatory reporting, risk management, and compliance across multiple jurisdictions.
Automates regulatory reporting, validation, and submission for banks and financial institutions globally.
Corporate performance management platform with advanced regulatory consolidation and reporting features.
Analytics-powered regulatory compliance and reporting suite for financial services.
Comprehensive regulatory reporting solution with data management and submission capabilities for banks.
Regulatory reporting and risk analytics platform supporting Basel, IFRS, and other standards.
Cloud-based regulatory reporting and compliance platform tailored for financial institutions.
End-to-end regulatory reporting and compliance solutions for asset managers and banks.
Automation-driven regulatory reporting for investment management and financial services.
Workiva
enterpriseCloud platform that streamlines financial, ESG, and regulatory reporting with XBRL tagging and automated workflows.
Interconnected data linking that automatically propagates updates across all linked reports and disclosures
Workiva is a cloud-based platform specializing in connected reporting for regulatory compliance, financial disclosures, and ESG reporting. It integrates data from ERP, spreadsheets, and other sources into a unified system, enabling automated workflows, real-time collaboration, and XBRL tagging for SEC filings like 10-Ks and 10-Qs. The platform ensures audit trails, version control, and scalability for complex enterprise needs.
Pros
- Seamless data integration and automation across reports
- Robust collaboration and auditability features
- Proven scalability for global enterprises
Cons
- Steep learning curve for new users
- High enterprise-level pricing
- Limited flexibility for small-scale customizations
Best For
Large financial institutions and public companies handling complex multi-jurisdictional regulatory filings.
Pricing
Custom quote-based pricing; typically starts at $50,000+ annually for enterprise deployments, scaling with users and modules.
Wolters Kluwer OneSumX
enterpriseIntegrated solution for regulatory reporting, risk management, and compliance across multiple jurisdictions.
Unified regulatory data model that centralizes calculations and reporting across diverse global standards
Wolters Kluwer OneSumX is a comprehensive regulatory reporting platform designed for financial institutions to automate compliance with global regulations such as Basel III, IFRS 9, and local reporting requirements. It provides a unified data model for calculations, validations, and submissions, reducing manual efforts and errors. The solution integrates seamlessly with core banking systems and offers real-time monitoring for regulatory changes.
Pros
- Extensive coverage of 100+ regulations across multiple jurisdictions
- Robust automation and audit trail for accuracy and compliance
- Scalable architecture with strong integration capabilities
Cons
- Steep learning curve and complex initial setup
- High implementation costs and long deployment times
- Pricing is premium and customized for enterprises
Best For
Large banks and financial institutions managing complex, multi-jurisdictional regulatory reporting needs.
Pricing
Custom enterprise licensing; annual subscriptions typically range from $200,000+ based on modules, users, and institution size.
Regnology
enterpriseAutomates regulatory reporting, validation, and submission for banks and financial institutions globally.
Semantic Regulatory Intelligence that automatically adapts reporting logic to regulatory updates without custom coding
Regnology is a comprehensive regulatory reporting platform designed for financial institutions, automating data aggregation, complex calculations, and submissions for global regulations like Basel IV, CRR2, IFRS 9, and AnaCredit. It leverages semantic technologies to interpret regulatory changes dynamically, ensuring accuracy and compliance without extensive manual reconfiguration. The solution integrates with core banking systems and provides analytics for risk management and forecasting.
Pros
- Broad coverage of 100+ regulations across 50+ jurisdictions
- Advanced semantic engine for automated updates to rule changes
- Robust data lineage and audit trails for compliance assurance
Cons
- Steep implementation timeline (6-12 months for full rollout)
- High cost unsuitable for small institutions
- Interface can feel complex for non-technical users
Best For
Mid-to-large banks and financial institutions requiring scalable, jurisdiction-agnostic regulatory reporting automation.
Pricing
Custom enterprise licensing; annual subscriptions typically range from €200,000+ based on modules, users, and institution size.
CCH Tagetik
enterpriseCorporate performance management platform with advanced regulatory consolidation and reporting features.
Pre-configured regulatory reporting solutions with automated compliance checks for global standards like Solvency II and IFRS 17
CCH Tagetik is a comprehensive Enterprise Performance Management (EPM) platform from Wolters Kluwer, specializing in financial consolidation, planning, reporting, and regulatory compliance. It automates regulatory reporting for standards like IFRS, US GAAP, Solvency II, IFRS 9, and XBRL, integrating data from multiple sources to ensure accuracy and timeliness. The software's modular design supports global enterprises in streamlining close processes and meeting complex regulatory requirements across jurisdictions.
Pros
- Pre-built packages for major regulatory standards like IFRS, Solvency II, and XBRL
- Seamless integration with ERPs like SAP and Oracle for unified data management
- Advanced automation, workflows, and analytics for efficient reporting cycles
Cons
- Steep learning curve and complex initial setup requiring expert implementation
- High cost, especially for smaller organizations or basic needs
- Customization can extend deployment timelines significantly
Best For
Large multinational corporations and financial institutions handling complex, multi-jurisdictional regulatory reporting.
Pricing
Custom enterprise pricing; typically starts at $50,000+ annually depending on modules, users, and deployment (cloud or on-premise).
SAS Compliance Solutions
enterpriseAnalytics-powered regulatory compliance and reporting suite for financial services.
Advanced AI-driven analytics within SAS Viya for predictive regulatory insights and automated scenario testing
SAS Compliance Solutions is an enterprise-grade platform from SAS designed for financial institutions to automate regulatory reporting across global standards like Basel III, IFRS 9, and CCAR. It leverages advanced analytics, data management, and automation to handle complex calculations, data validation, and report generation with high accuracy and auditability. The solution integrates seamlessly with SAS Viya for scalable processing of massive datasets in real-time compliance environments.
Pros
- Exceptional handling of complex regulatory calculations and validations
- Scalable integration with big data platforms and SAS ecosystem
- Proven reliability for large-scale enterprise deployments
Cons
- Steep learning curve and requires specialized expertise
- High implementation and customization costs
- Less intuitive interface compared to modern SaaS alternatives
Best For
Large financial institutions with complex, high-volume regulatory reporting needs and existing analytics infrastructure.
Pricing
Custom enterprise licensing; typically starts at $500,000+ annually depending on scale and modules.
Oracle Financial Services Regulatory Reporting
enterpriseComprehensive regulatory reporting solution with data management and submission capabilities for banks.
Dynamic rules-based engine that automatically adapts to regulatory changes across 100+ jurisdictions without full recoding
Oracle Financial Services Regulatory Reporting (OFSRR) is an enterprise-grade platform designed to automate the generation, validation, and submission of regulatory reports for financial institutions worldwide. It supports over 100 jurisdictions and regulations, including Basel III, Dodd-Frank, CRD IV, and local requirements, using a rules-based engine for complex calculations and XBRL formatting. The solution integrates seamlessly with Oracle's data management and analytics tools to ensure data accuracy, auditability, and compliance from ingestion to filing.
Pros
- Comprehensive multi-jurisdictional regulatory coverage with automated updates
- Powerful rules engine for handling complex calculations and validations
- Seamless integration with Oracle Financial Services ecosystem for end-to-end processing
Cons
- High implementation costs and lengthy deployment timelines
- Steep learning curve requiring specialized Oracle expertise
- Customization often needed for unique institutional requirements
Best For
Large global banks and financial institutions with complex, multi-jurisdictional reporting needs and existing Oracle infrastructure.
Pricing
Custom enterprise licensing with quote-based pricing; typically starts at $500,000+ annually for mid-to-large deployments, plus implementation fees.
Moody's Analytics
enterpriseRegulatory reporting and risk analytics platform supporting Basel, IFRS, and other standards.
Regulatory Intelligence module that automatically detects and implements rule changes across jurisdictions
Moody's Analytics offers the AxiomSL platform, a comprehensive regulatory reporting solution that automates data management, calculations, validation, and submission for financial institutions. It supports over 400 regulations across 60+ countries, including Basel III/IV, IFRS 9/17, and local requirements from regulators like the ECB, Fed, and PRA. The software provides end-to-end automation with strong audit trails, data lineage, and regulatory change management to ensure compliance and accuracy.
Pros
- Extensive coverage of global regulations in a single platform
- Robust data validation, reconciliation, and audit capabilities
- Scalable for high-volume reporting with strong performance
Cons
- Steep learning curve and complex setup requiring expert configuration
- High implementation costs and long deployment timelines
- Pricing is premium, less ideal for smaller institutions
Best For
Large banks and financial institutions managing complex, multi-jurisdictional regulatory reporting requirements.
Pricing
Custom enterprise licensing, typically starting at $500,000+ annually depending on modules, users, and jurisdictions.
FIS RegReports
enterpriseCloud-based regulatory reporting and compliance platform tailored for financial institutions.
Straight-through processing engine that automates end-to-end reporting for thousands of global regulations with minimal human intervention
FIS RegReports is an enterprise-grade regulatory reporting platform from FIS Global that automates the collection, validation, reconciliation, and submission of regulatory filings for financial institutions. It supports thousands of reports across global regulators including SEC, FINRA, FDIC, ECB, and others, with features for data aggregation from multiple sources and built-in compliance checks. The solution emphasizes straight-through processing to minimize manual intervention and reduce reporting errors.
Pros
- Comprehensive coverage of over 1,000 global regulatory reports
- Advanced automation and straight-through processing for efficiency
- Seamless integration with FIS ecosystem and third-party data sources
Cons
- Steep learning curve and complex initial setup
- High cost suitable mainly for large enterprises
- Limited customization options without professional services
Best For
Large financial institutions and banks managing high-volume, multi-jurisdictional regulatory reporting needs.
Pricing
Custom enterprise pricing, typically starting at $500,000+ annually depending on modules, users, and report volume; requires sales quote.
Broadridge Regulatory Solutions
enterpriseEnd-to-end regulatory reporting and compliance solutions for asset managers and banks.
Global reconciliation engine that automates data matching across disparate sources and jurisdictions with near-perfect accuracy
Broadridge Regulatory Solutions offers a robust platform for financial institutions to automate regulatory reporting across global jurisdictions, including SEC filings, EMIR, MiFID II, SFTR, and CAT. It handles data aggregation, validation, reconciliation, and submission with high accuracy and scalability for high-volume transactions. The solution integrates seamlessly with trading systems and provides real-time compliance monitoring to adapt to evolving regulations.
Pros
- Comprehensive coverage of international regulations with automated workflows
- Scalable architecture for enterprise-level transaction volumes
- Advanced data reconciliation and error detection capabilities
Cons
- High implementation costs and complexity for smaller firms
- Steep learning curve for non-technical users
- Customizations require vendor involvement
Best For
Large financial institutions and asset managers handling massive cross-border regulatory reporting needs.
Pricing
Custom enterprise pricing, typically starting at $500,000+ annually depending on modules, volume, and deployment scale; contact sales for quotes.
SS&C Blue Prism Regulatory Reporting
enterpriseAutomation-driven regulatory reporting for investment management and financial services.
End-to-end intelligent RPA orchestration that autonomously handles dynamic regulatory changes and unstructured data processing
SS&C Blue Prism Regulatory Reporting is an RPA-based solution that automates the end-to-end process of regulatory report generation, data aggregation, validation, and submission for financial institutions. It integrates with legacy systems, extracts data from disparate sources, performs complex reconciliations, and ensures compliance with regulations like MiFID II, EMIR, and SEC rules. By leveraging intelligent automation, it significantly reduces manual intervention, errors, and reporting timelines in high-volume environments.
Pros
- Robust RPA automation for complex, multi-step reporting workflows
- Strong scalability and integration with enterprise systems like core banking platforms
- AI-enhanced capabilities for data validation and exception handling
Cons
- Steep learning curve and need for specialized RPA developers
- High upfront implementation and licensing costs
- Less intuitive for non-technical users compared to dedicated reg-tech tools
Best For
Large financial services firms with heavy regulatory reporting volumes seeking enterprise-grade RPA automation.
Pricing
Enterprise licensing model with custom pricing; typically starts at $100,000+ annually based on bot usage and scale, plus implementation fees.
Conclusion
Across the landscape of regulatory reporting software, Workiva emerges as the top choice, boasting a cloud platform that seamlessly streamlines financial, ESG, and regulatory reporting with XBRL tagging and automated workflows. Wolters Kluwer OneSumX follows closely, offering an integrated solution that excels in managing reporting, risk, and compliance across multiple jurisdictions. Securing the third spot, Regnology sets itself apart with robust automation for validation and submission, particularly valuable for global financial institutions. Each tool offers distinct strengths, ensuring there is a solution to suit diverse operational needs.
To simplify and enhance your regulatory reporting processes, Workiva stands as the leading option—its versatility and comprehensive features make it the ideal starting point for tackling complex reporting challenges.
Tools Reviewed
All tools were independently evaluated for this comparison