Tired of month-end close chaos?
You’re buried in spreadsheets, chasing data, and stressing over manual reconciliations. It’s an unsustainable cycle that puts your finances at risk.
The pressure to close faster is immense, but errors from manual data entry can lead to costly compliance issues and poor strategic decisions.
According to a McAfee Report, 87% of companies see business acceleration with cloud adoption. Your finance department shouldn’t be left behind in this efficiency revolution.
The right software transforms this entire process, letting you achieve a faster, more accurate close without the typical month-end scramble.
In this guide, I’ll walk you through my top picks for the best financial close software. These tools are designed to streamline your accounting workflows.
If you’re exploring other essential business tools, my guide on best BIM software covers another critical category.
You’ll learn how to centralize data, automate journal entries, and significantly reduce compliance risk, justifying your investment with clear productivity gains.
Let’s dive in.
Quick Summary:
| # | Software | Rating | Best For |
|---|---|---|---|
| 1 | FloQast → | Mid-sized to large companies | |
| 2 | BlackLine → | Enterprises & CFO offices | |
| 3 | Trintech → | Companies needing strong automation | |
| 4 | OneStream Software → | Businesses needing unified data | |
| 5 | Planful → | Financial teams in varied industries |
1. FloQast
Tired of slow, manual month-end close processes?
FloQast’s AI-powered platform automates reconciliation, transaction matching, and journal entry management. This means you can centralize your financial data, reducing error rates and audit fees.
The platform leverages AI to elevate preparers to reviewers, freeing your accounting team from tedious tasks. This dramatically enhances operational visibility and team collaboration.
Here’s how to accelerate your close.
FloQast aims to optimize and automate your entire financial close, connected compliance, and integrated record-to-report workflows. This helps your team accelerate reporting and consolidate systems.
You can also use AI to automatically generate custom checklists, write variance explanations, and even handle email communications. The system’s AI is accounting-centered and focuses on exceptions, ensuring accuracy.
Additionally, FloQast helps mitigate enterprise risk by automating evidence collection, streamlining audits, and providing proactive risk management. It unifies your accounting teams across a single, audit-ready platform, built by accountants for accountants, ensuring a user-friendly experience.
The result is a faster, more accurate close every month.
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Key features:
- AI-powered Automation: Automates reconciliations, transaction matching, journal entries, and variance explanations, reducing manual effort and improving accuracy significantly.
- Integrated Compliance & Risk Management: Provides automated evidence collection, enterprise risk management, and AI testing to ensure adherence to compliance frameworks and streamline audits.
- Optimized Record-to-Report & Collaboration: Centralizes financial data, accelerates reporting, facilitates team collaboration, and offers AI variance analysis and consolidation for strategic insights.
FloQast features, pricing, & alternatives →
Verdict: FloQast stands out as an excellent choice for best financial close software, particularly for mid-sized to large companies aiming to modernize their accounting processes. Its AI-powered automation, proven to reduce reconciliation time by 38% and audit time by 23%, allows your team to focus on strategic analysis rather than manual tasks, driving significant efficiency and accuracy improvements.
2. BlackLine
Is your month-end close a stressful scramble?
BlackLine’s AI-enabled solutions can accelerate your record-to-report and invoice-to-cash cycles, eliminating delays. This means you can strengthen controls and deliver trusted data, transforming your financial operations.
You’ll gain end-to-end control across your processes to reduce risk and ensure compliance, making your close and consolidation reliable.
Let’s explore how it works.
BlackLine helps you revolutionize the office of the CFO through AI-powered digital transformation. Their Studio360 Platform integrates, orchestrates, and visualizes your entire financial ecosystem.
You can centralize, standardize, and automate critical record-to-report and invoice-to-cash processes, with 97% journal entry automation and a 70% reduction in close time. Additionally, process design templates help blueprint rapid transformation.
You’ll connect and automate your financial ecosystem from an intuitive cloud-based hub, unifying key activities to reduce risk and deliver faster financial insights. This includes automating crucial tasks like journal entries and reconciliations, and gaining control over governance and risk management.
Achieve faster, more accurate financial insights.
Key features:
- AI-enabled solutions: Accelerate record-to-report and invoice-to-cash, deliver trusted data, and automate crucial tasks like journal entries and reconciliations.
- Studio360 Platform: Centralize, standardize, and automate processes by integrating data, orchestrating workflows, and visualizing activities with customizable dashboards.
- Financial Close & Consolidation: Unify key activities to reduce risk, ensure compliance, and leverage reliable AI to uncover insights and accelerate confident decision-making.
BlackLine features, pricing, & alternatives →
Verdict: If you’re seeking the best financial close software to centralize data, automate journal entries, and reduce manual reconciliation hours, BlackLine offers a robust solution. Its AI-enabled platform promises faster closings, reduced error rates, and enhanced financial transparency, evidenced by a 70% reduction in close time and a 621% three-year ROI.
3. Trintech
Struggling with slow, manual financial close processes?
Trintech offers specialized solutions like Adra and Cadency, designed to automate your financial close tasks and streamline operations.
This means you can say goodbye to error-prone, time-consuming manual tasks during month-end, giving your team back valuable time for strategic work. You’ll simplify processes and close faster with confidence.
Here’s how to gain control and visibility.
Trintech helps you bring accuracy, control, and visibility to your account reconciliation and close processes by offering automated solutions for any complexity. These solutions include financial close management to eliminate manual processes, automated reconciliations for a balanced risk approach, and transaction matching to standardize processes.
Additionally, Trintech provides journal entry automation from bank feeds to strengthen governance, intercompany accounting for regulatory compliance, and robust reporting and analytics for real-time insights. This comprehensive suite empowers your finance and accounting teams to focus on higher-value work, boosting productivity and profitability. The result is a more efficient close that improves data integrity and empowers strategic decision-making.
Key features:
- Automated Account Reconciliations: Standardize balance sheet reconciliations and improve financial statement integrity, moving away from manual, error-prone tasks to a more controlled process.
- Comprehensive Close Task Management: Centralize your entire close cycle to increase visibility, speed, and accuracy, reducing manual efforts and enhancing overall efficiency.
- Integrated Reporting and Analytics: Gain meaningful insights and reduce risk with complete access and visibility into your month-end close, supporting better decision-making.
Trintech features, pricing, & alternatives →
Verdict: If you’re looking to replace outdated manual processes with an integrated solution, Trintech is a top contender for the best financial close software. Its strong automation capabilities for financial close and reconciliation, proven by its #1 G2 ranking in Spring 2025, significantly improve efficiency, reduce risk, and provide better control over your financial data.
4. OneStream Software
Struggling with slow, error-prone financial closes?
OneStream Software offers Financial Close & Consolidation solutions designed to unify, automate, and streamline your entire process. This means your finance team can move from manual data wrangling to strategic insights.
You can unify your financial and operational data into a single source of truth, automating core tasks to transform your team into strategic advisors.
Here’s how you can take your finance further.
OneStream aims to centralize financial data, automate journal entries, and reduce manual reconciliation hours, helping you achieve faster closings and reduced error rates. You can stream all your innovation and customer success on demand.
Their AI-powered capabilities allow you to improve forecast accuracy by nearly 30% and speed up planning by 86%, directly addressing ROI uncertainty and the need for efficiency gains. You can also leverage AI for account reconciliations.
Additionally, the platform is infinitely extensible, meeting your unique needs today and tomorrow by powering data-driven decisions across sales and people planning without technical debt. This helps ensure data integrity of your financial results.
You can truly master modern finance.
Key features:
- Unify Financial & Operational Data: Consolidate all financial and operational data into a single source of truth for enhanced insights and strategic decision-making.
- AI-Powered Planning & Forecasting: Leverage embedded AI and machine learning to accelerate planning, improve forecast accuracy, and automate critical financial tasks.
- Infinitely Extensible Platform: Adapt the platform to your evolving business needs, extending its power across various departments without accumulating technical debt.
OneStream Software features, pricing, & alternatives →
Verdict: If you’re seeking the best financial close software to centralize data, automate processes, and ensure integrity, OneStream Software delivers. Its unified platform and AI capabilities, as evidenced by Polaris’s enhanced forecasting accuracy, can significantly reduce your close times and boost productivity.
5. Planful
Struggling with slow, error-prone financial close processes?
Planful offers an accounting solution to automate your close, reduce risk, and report faster. This means you can eliminate the waste of manual, time-consuming processes. You will gain better insights and guide your business faster.
It’s a one-stop shop for financial performance management, empowering your team to drive success.
Planful’s platform helps you achieve peak financial performance and unlock financial agility. It integrates with existing ERPs to provide flexible, transparent, and always-on data connections. This centralizes financial data, improving reporting speed and accuracy. Additionally, Planful AI detects anomalies, flags potential risks, and leverages machine learning to create budgets and forecasts based on your historical data. Plus, it offers an effortless user experience, making financial processes a true team sport.
If you’re also looking for ways to streamline your sales process, my article on best demo automation software covers key solutions.
Key features:
- Automated Financial Close: Automates your month-end close processes, significantly reducing manual effort and accelerating reporting, enabling faster insights and decision-making.
- AI-Driven Insights: Leverages Planful AI, including Signals and Projections, to detect anomalies, flag potential risks, and generate accurate forecasts based on historical data.
- Comprehensive Data Integration: Connects seamlessly with all your data sources, providing flexible, transparent, and continuous data integration for a unified financial view.
Planful features, pricing, & alternatives →
Verdict: If you’re seeking the best financial close software to centralize data and automate reconciliation, Planful is an excellent choice. It’s purpose-built with financial intelligence to accelerate your close time by up to 80% and help you realize substantial annual savings, as seen with PS Logistics’ $2.4 million in cost savings.
6. Datarails
Struggling with sluggish financial close processes?
Datarails helps by automating data consolidation, reporting, and planning, letting you keep your existing Excel models. This means you can streamline repetitive tasks like preparing your P&L, balance sheet, and cash flow statement, saving significant time. You can bring order to your budget collection process and say goodbye to back-and-forth emails.
It’s time to streamline your financial operations.
Datarails allows you to integrate with popular accounting software, ERPs, and CRMs, centralizing all your data in one place. This allows you to dive deeper into your financial or operational data for analysis, examining key variance drivers or sales performance. Plus, its AI-powered FP&A Genius provides conversational AI on your real data, giving you quick answers to burning questions. Additionally, AI Storyboards can transform your dashboards into impactful presentations in seconds, helping you convey complex financial numbers effortlessly and collaborate better with other teams.
The result is faster closings and improved accuracy.
Key features:
- Automated Data Consolidation: Automates the collection of data from across your organization and integrates with ERPs and CRMs to bring all data to one place.
- AI-Powered FP&A Genius: Provides conversational AI on your real data to give you quick answers to burning questions and execute last-minute finance requests in seconds.
- Flexible Excel Integration: Allows you to continue working in your Excel environment with 100% functionality while automating reporting and consolidation tasks.
Datarails features, pricing, & alternatives →
Verdict: Datarails stands out as a best Financial Close Software solution, especially for teams rooted in Excel. Its robust automation for data consolidation and financial reporting, coupled with AI-powered insights and strong integration capabilities, helps reduce manual reconciliation hours and ensures faster, more accurate closings, enhancing overall efficiency.
7. insightsoftware
Struggling with slow, manual month-end close processes?
insightsoftware offers solutions like Close and Consolidation, Equity Management, and Tax Reporting, designed to streamline your accounting. This means you can gain reliability and up-to-date visibility to support compliance and strategic decisions. You’ll find it easier to move from daily accounting to long-term financial strategy.
Here’s how you can solve those nagging financial close issues.
insightsoftware centralizes your financial data, connecting to over 200 environments including major ERPs like Oracle, SAP, and Microsoft Dynamics. Their platform uses an AI-enabled integrated solution to unlock insights quickly, turning complex ERP data into clear reports and dashboards. You can access real-time data within applications, eliminating static reports for immediate visibility into performance. Additionally, automated workflows free up your team’s time by minimizing errors and focusing on strategic analysis instead of manual data entry. Plus, pre-built templates accelerate reporting and analysis, ensuring consistency across reports and dashboards for common ERP use cases.
The result: faster insights and smarter decisions.
Key features:
- Automated Workflows: Minimize errors and free up time from routine data entry, allowing your finance team to focus on strategic analysis and insights.
- Real-time Data Access: Gain immediate visibility into performance by accessing up-to-date data directly within applications, eliminating the need for static reports.
- ERP Integration & Pre-built Templates: Connects to over 200 ERPs with pre-built content and logic, accelerating reporting and ensuring consistency across various financial reports.
insightsoftware features, pricing, & alternatives →
Verdict: insightsoftware offers comprehensive accounting solutions, including close and consolidation and automated currency rate management, making it a strong contender for the best financial close software. Its robust integrations across 140+ ERPs, coupled with pre-built templates and AI capabilities, ensure accuracy and enable quicker decision-making for your finance team.
Conclusion
Ready to fix your financial close?
Choosing the right tool is tough. The wrong one sets your team back, increasing manual work and compliance risks that you can’t afford.
A report from Xero found companies using cloud accounting see 15% year-over-year revenue growth. This proves modern tools directly impact growth, moving you beyond just managing chaotic spreadsheets.
So, what’s my top recommendation?
After extensive review, I believe FloQast is the clear winner. It’s designed to directly tackle the manual work and errors bogging down your close.
If you’re also evaluating specialized business software, my article on best long term care software covers essential solutions.
I was most impressed by its ‘by accountants, for accountants’ approach. This makes it the best Financial Close Software for teams wanting practical automation that actually works.
I highly recommend you book a free demo of FloQast to see how it can streamline your specific close process and finally reduce risk.
You’ll achieve a faster, more accurate close.
