Buyers Guides for Record to Report

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2025 Software Provider and Product Assessment

ISG Research defines Record-to-Report as a software category that manages the financial consolidation process as well as assists in managing other accounting close processes. We define consolidation software as an application that manages the financial consolidation process in conformance with accounting standards for enterprises with complex requirements. All accounting or ERP systems will perform a statutory consolidation of the accounts handled in that system using the generally accepted accounting principles of the parent company. Yet this approach is inadequate for enterprises that, for example, have accounting systems from multiple providers or other complicating factors that necessitate a separate system. We define close management software as applications that support the timely and efficient completion of close cycle tasks, especially automating reconciliations and performing process management functions.

The Buyers Guides for Record to Report evaluate providers across three software categories with a unique Buyers Guide and research for each category to help enterprises assess and select software providers.

  • The Record to Report Buyers Guide evaluates 10 software providers and products that enable enterprise-level financial consolidation and close management. Consolidation software should support consolidation process management, intercompany management, journal handling, and optionally auditing, natural language processing (NLP), and AI capabilities. Close management software should support process management, reconciliation management, journal creation and oversight, and analysis and reporting, with optional features such as audit facilitation, NLP, and AI. The guide assesses the following providers: Anaplan, BlackLine, Board, HighRadius, OneStream, Oracle, Prophix, Vena Solutions, Wolters Kluwer and Workday. 
  • The Financial Close Buyers Guide evaluates 14 software providers and products that include support for close management, such as process management, reconciliations management, journal creation and management and analysis and reporting, and optionally include audit facilitation and NLP and AI capabilities. These are necessary to improve the efficiency and productivity of the accounting staff and ensure the smooth and consistent completion of close processes. The guide assesses the following providers: Anaplan, BlackLine, Board, FloQast, HighRadius, OneStream, Oracle, Oracle NetSuite, Prophix, Trintech Adra, Trintech Cadency, Vena Solutions, Wolters Kluwer and Workday. 
  • The Financial Consolidation Buyers Guide evaluates 19 software providers and products that includes consolidation process management, consolidation, intercompany management, journals and optionally, support for auditing and AI/GenAI capabilities. These are the essential functions for financial consolidation for guiding and managing the processes in an enterprise. The guide assesses the following providers: Anaplan, BlackLine, Board, HighRadius, IBM, Infor, insightsoftware, insightsoftware IDL, Jedox, Lucanet, OneStream, Oracle, Planful, Prophix, SAP, Talentia Software, Vena Solutions, Wolters Kluwer and Workday. 

To view the executive summaries of the research, please make a selection from the reports below.

To learn more about our Buyers Guide services for enterprises, including purchasing the complete research, advising on your software providers, conducting a workshop or performing an assessment, click here.

To learn more about our Buyers Guide services for software providers, including purchasing the complete research and charts or performing an assessment, click here.

View the 2025 Buyers Guides for Record to Report

Record to Report

ISG Research evaluates 10 software providers' offerings in the Record to Report Buyers Guide.

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Financial Close

ISG Research evaluates 14 software providers' offerings in the Financial Close Buyers Guide.

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Financial Consolidation

ISG Research evaluates 19 software providers' offerings in the Financial Consolidation Buyers Guide.

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