Best Corporate Financial Reporting Software

Financial reporting is the communication process of organizations and the financial performance of the entire business, including investors, creditors, and regulators. Corporate financial reporting software is laced with a wide range of solutions that manage the digital management of accounting and financial reporting. 

Good financial reporting software helps to reveal trends and insights that help in strategic decision-making. The question here arises: which is the best financial reporting software that meets your business requirements? In this blog, we will take a deep dig into the best financial reporting software. Continue reading to know more. 

Best Corporate Financial Reporting Software

It is a corporate performance management (CPM) software. Its main feature is to help finance and operations teams streamline their planning, budgeting, forecasting, and reporting. 

This software consists of workflow management, reporting automation, and predictive analytics. It helps organizations enhance their visibility into their finances by developing accurate and responsive planning cycles and strategic decision-making. 

This software is best for companies working in Excel and trying to automate their financial reporting process and prefer the choice of leveraging pre-built reporting templates or wanting the flexibility to create customized reports. 

Planful is a cloud-based financial planning and analysis (FP&A) software that offers business operational and financial intelligence tools. It helps them manage financial data, decision making and reporting. 

This software is best for companies trying to streamline planning and budgeting cycles and improve analytics and reporting to get better insights into their financial performance. 

It is another cloud-based planning and performance management platform that gives a hand to organizations, teams, and individuals to rapidly connect their data for the finance automation, operational and reporting processes fast and accurately. 

Anaplan is a good software for businesses looking to manage and optimize their business reporting processes like finance, sales, forecasting, supply chain and operations. 

OneStream is again a cloud-based enterprise resource planning (ERP) software solution. This software is mainly designed to help large and mid-sized organizations manage their financial and operational processes. 

It provides a unified corporate performance management platform connecting financial and operational data. 

OneStream is the best option for businesses looking for a powerful, unified solution for managing their corporate performance management in planning, consolidation, and financial reporting processes. 

Syntellis provides an analytical solution for finance and healthcare organizations in upper mid-market and enterprise space. According to the industry, this software has strong database administration and data engineering expertise with benchmarking capabilities. 

This software is designed for large healthcare, higher education and financial institutions that want straightforward processes, simple reporting, and data-driven insights for quick decision-making. 

A unified business planning and analytical platform that allows analysis and reporting of critical financial, operational, and customer data of businesses. Jedox has multiple security features that keep your data safe, secure and up to date. It allows users to collaborate and share data without leaving the Jedox platform. 

Jedox is a good option for businesses looking for real-time access to information quickly and accurately. It enables them to make quick and informed decisions. Its main feature is to help businesses with reporting and forecasting, which is needed for integrated planning, budgeting, and consolidation. 

Cube is the best option for those looking for a good financial planning and analysis (FP&A) platform for their business. This software empowers finance teams’ strategic decision-making by streamlining and automating repetitive reporting tasks. The interface for building, configuration, and monitoring is easy to use. 

Companies who want to spend less time on manual or repetitive work can go for Cube. It manages lines of business in one centralized platform.

Another cloud-based financial planning and analysis platform that automates the financial reporting and planning of the business. It offers automated data analysis and simple charts, graphs, and visualization. 

It is the best option for a business that wants to transform financial reports for monitoring company and financial performance. 

An automated corporate performance management software. It helps organizations to streamline their budgeting, planning, forecasting, reporting and analysis. It offers a currency conversion capability, allowing users to report multiple currencies easily. 

This software is designed to help mid-sized and large businesses manage their financial reporting and analysis processes.

A cloud-based solution that helps organizations to automate and manage their reporting processes. Workday Adaptive planning software has other capabilities like reporting and analysis and provides workforce trends. 

This software is a solution for accurate reporting capabilities that quickly identify the changing conditions and prioritize the tasks by maximizing efficiency and collaboration. 

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Conclusion

Accurate corporate financial reporting software enhances the financing processes’ reliability, speed, compliance, analysis, and scalability. It improves the decision-making performance and also optimizes the financial performance. Thus, evaluating all the software and then deciding the best one according to your requirements is important. Once you assess everything about the software, involve your team and consult which software would be the best for the organization.