Gartner Research

Critical Capabilities for Financial Close and Consolidation Solutions

Published: 31 March 2025

Summary

The accounting function requires a compliant, efficient and collaborative approach to manage group close and consolidation processes. This research aids CFOs in shortlisting financial close and consolidation vendors by evaluating their key capabilities.

Included in Full Research

  • Anaplan
  • BlackLine
  • Board
  • HighRadius
  • IBM
  • insightsoftware
  • Jedox
  • Lucanet
  • OneStream
  • Oracle
  • Planful
  • Prophix
  • Solver
  • Vena
  • Wolters Kluwer
  • Close Management
  • Financial Consolidation
  • Financial Reporting
  • Disclosure and Regulatory Reporting
  • Financial Statement Reconciliation
  • Financial Reporting Risk Management
  • Advanced Analytics
  • Data Integration
  • Implementation and Support Strategy
  • User Experience
  • Efficiency Maximization
  • Complex Organizational Structures
  • Regulation and Compliance

Analysts:

Jeffrin Francis,  Nisha Bhandare,  Renata Viana,  Permjeet Gale

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Critical Capabilities: A deeper look into provider offerings

How does a Critical Capabilities report work?

As a companion to the Magic Quadrant™, a Critical Capabilities report scores competing products and services against a set of meaningful differentiators. It reveals which options are the best fit in various use cases to help you focus on the vendors best suited to your needs.

A Critical Capabilities report is more than just a diagram. You also get:
Sharper focus

Narrow down the product and service criteria most important to you.

Individualized use cases

Use interactive features to customize usage scenarios based on your organization’s unique needs.

Faster decision making

Use data to speed up provider selection and accelerate the procurement process.

A Gartner Critical Capabilities report is just one of our many offerings.

We provide actionable, objective insight to help organizations make smarter, faster technology decisions to stay ahead of disruption and accelerate growth.

Pick the right provider with confidence

We use a Critical Capabilities report, the Magic Quadrant and more to ensure you select the best-fit provider to avoid the costly repercussions of a poor decision.

Align deal structures and optimize spend

We benchmark pricing against the market so you avoid unnecessary charges.

Reduce complexity and risk

We analyze contract terms and conditions to protect you against future price increases and unanticipated costs.

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