Top 5 Financial Close Automation Platforms for Mid-Market Companies

Automate the load of reconciliation supporting items with standardization and consistency. Increase efficiency with auto-reconciliation rules and standardized reconciliation templates. Use dashboards to view reconciliation status, timeliness, and quality—in real time. Prevent errors by eliminating version control challenges.

• Automated reconciliation supporting items
• Standardized templates and auto-reconciliation rules
• Real-time dashboards for status and quality
• Eliminates version control errors

Ingest and transform high volumes of transaction-level data from third-party systems such as ERPs, banks, payroll providers, revenue, lease accounting, and procurement. Apply flexible, easy-to-use rule-based automation to enhance control and reduce the risk of process breakdowns and undetected financial statement errors. Automatically compare and match transactions so employees can investigate differences and spend time on more strategic activities. Send reconciling items to your account reconciliations and automatically create adjusting journal entries based on transaction-matching results.

• Ingests high volumes of transaction data
• Rule-based automation for matching
• Reduces risk of errors and process breakdowns
• Automated creation of adjusting journal entries

Unify data from ERPs, third-party sources, and other BlackLine solutions to automatically create journal entries and post them directly to your ERP, eliminating spreadsheet-dependent manual journal entry processes. Generate journals from supporting items on your reconciliations as part of your transaction matching analysis, as topside entries for consolidation, or directly from raw data feeds. Mitigate risk proactively and ensure regulatory compliance with account validations, threshold-based approvals, and end-to-end audit trails documenting data imports, journal postings, and user access.

• Automated journal entry creation and posting
• Integrates with ERPs and third-party sources
• Supports compliance with validations and approvals
• Provides audit trails

Limit manual touchpoints and enable exception-based close management. Coordinate processes from corporate headquarters to local entities to ensure global consistency with local flexibility. Use our centralized platform to facilitate a seamless and continuous close process with a great user experience, directly in SAP.

• Exception-based close management
• Global consistency with local flexibility
• Seamless close process in SAP

Continuously monitor transaction-level details to identify potential risks and exceptions automatically. Free up resources by eliminating manual examination of large transactional volumes, allowing your team to focus on higher-value tasks. Improve decision-making with real-time insights and integration with BlackLine Account Reconciliations for a streamlined, proactive approach to financial analysis.

• Continuous monitoring for risks and exceptions
• Eliminates manual review of large data volumes
• Real-time insights for better decision-making

Eliminate spreadsheet-dependent, complex consolidation activities with a fully user-configurable automation solution for balance aggregation, ownership interest calculations, intercompany eliminations, and more. Gain a centralized and real-time view of consolidation, from aggregation to top-side adjustments and supporting documentation. Reduce manual errors and ensure audit-ready financials with built-in controls, validations, and a fully integrated audit trail.

• Automates balance aggregation and eliminations
• Centralized, real-time consolidation view
• Built-in controls and audit trails

Automatically generate real-time entity and group-level financial statements. Vertically integrate analysis with the ability to drill down from financial statements to transactional details and commentary prepared earlier in the close. Generate detailed insights with Verity AI, BlackLine’s trusted intelligence layer, using features like Verity Summarize and Verity Draft to accelerate financial variance analysis and enable earlier stakeholder communication. Ensure compliance with automated workflows, real-time tracking, and role-based sign-offs.

• Real-time financial statement generation
• Drill-down analysis to transaction level
• AI-powered insights and variance analysis
• Automated compliance workflows

Track and manage thousands of tasks from a configurable cloud-based command center that seamlessly connects your financial close processes. Streamline processes and reduce risk with automated task lists, assignments, and workflows. Improve visibility with real-time dashboards that monitor tasks throughout the financial close process, helping you remove bottlenecks and catch overdue tasks.

• Cloud-based command center for task management
• Automated task lists and workflows
• Real-time dashboards for process visibility

Centralize risk management and compliance tasks for efficient tracking, control testing, and real-time reporting. Foster seamless collaboration with a single platform for projects, tasks, and supporting documentation to ensure timely testing and issue resolution. Maintain global visibility across audits, controls, and risks while ensuring accountability with role-based permissions and segregation of duties.

• Centralized risk and compliance management
• Collaboration on projects and documentation
• Global audit visibility and role-based permissions

Eliminate manual processes and orchestrate your finance and accounting processes like record to report with cloud-based Finance Automation by Redwood Software.

Redwood’s finance automation reduces unnecessary and time-consuming manual effort in finance. Customers achieve a higher degree of back-office process automation than alternatives.

• Record to report: Close books faster and more accurately.
• Close checklist: Expedite reconciliation with precision and visibility.
• Journal entry: Automate approval workflows and audit trails.
• Intercompany: Simplify complex intercompany transactions.
• Accruals, provisions and reclassifications: Standardize and save time.
• Asset accounting: Plan, create, and track assets quickly.

Automates most repetitive tasks in financial operations, integrates with SAP and other ERPs, enhances compliance, speeds up close cycles, and provides real-time insights.

Automation frees finance teams from manual control and production, enabling more time for analysis and better decision-making.

1. Define: Design and automate processes with ready-made tasks. 2. Orchestrate: Assemble and link processes, including human approvals. 3. Execute: Run processes automatically with dashboards for tracking.

• Application-based automation: Supported connections to core applications.
• Ready-to-use components: Catalog of pre-automated tasks.
• Comprehensive orchestration: Manage and coordinate complex processes.
• Process expertise: Expert support for process selection and development.
• Scale to changing needs: Easily scale automated processes.
• ERP and non-ERP friendly: Works with any ERP and many business apps.
• Control at key points: Built-in business process management and dashboards.
• Built-in audit and controls: Fully logged and auditable steps.

Orchestrate across SAP ERPs, data warehouses, business applications, and RPA tools. Centralize automation for end-to-end control.

• Record to report: Automate GL/subledger, intercompany consolidation, close checklist, spreadsheet reconciliation.
• Asset accounting: Automate asset acquisition, compliance, project tracking, reconciliation, and depreciation.

Automate end-to-end processes across the enterprise, regardless of technology or provider.

• Business processes: Orchestrate ERP, supply chain, procurement, and more.
• Managed file transfers: Securely move and manage files.
• Data sources: Manage data from any source, including AI/ML.
• Hybrid IT: Connect finance and IT processes for real-time management.

Enforces internal controls, data standards, and access policies. Provides audit trails, regulatory compliance, and secure connections.

• Built-in audit trails and controls.
• Simplified IFRS processes.
• Secure TLS 1.3 encrypted connections.
• ISO 27001, SOC 2, CSA STAR Level 1 certified.
• Third-party penetration tested.

24×5 support, migration and onboarding, consulting, and online training.

• 24×5 support and 24×7 SEV-1 support.
• Migration and onboarding assistance.
• Consulting and best practices.
• Redwood University for training.

Comprehensive automation removes manual work and leverages native ERP capabilities.

Transform finance and accounting processes with Redwood’s automation and orchestration.

• What is automation in finance?
• How do you automate a finance department?
• Is Redwood used for finance automation?

Expand your finance automation, get the latest resources, and do more with finance automation.

• Record to report
• Journal entry
• Accruals, provisions and reclassifications
• Account reconciliation
• Intercompany accounting
• Financial close checklist

Enforce accounting controls, standardize workflows, and automatically flag exceptions.

• Boost Efficiency: Build consistent processes and create clear accountability to prioritize the right work and remove bottlenecks.
• Enhance Accuracy: Integrate your systems and data and automate internal controls to reduce discrepancies and catch errors earlier.
• Enable Strategic Focus: Track the global status of your close and ad-hoc projects, along with key metrics, to stay aligned with business goals.

• Keep Your Close on Track and on Time: Define and document your close processes, and monitor the status of close tasks and reconciliations against critical milestones and deadlines—within and across entities and teams—to identify and remove roadblocks, respond to critical risks, and optimize staff productivity.
• Ensure Efficient Operations and Accurate Reporting: Streamline accounting operations and ad-hoc projects like M&A activities and ERP upgrades by integrating workflows across AP/AR, FP&A, and board reporting. Automate daily tasks to enhance cross-department coordination and lower operational costs.
• Facilitate Request Management: Use AI to help automate all requests for information in one place to speed up information sharing, ensure data completeness, and eliminate manual back-and-forth between internal and external teams that can add hours to your growing volume of work.

Get a deeper dive into FloQast to see how it can work for you and your team. Get in touch with a member of our team. We’ll help you find the right solutions and pricing for your business.

In this guide, you’ll learn how to optimize existing processes to meet evolving expectations and drive greater value creation with the team that you have.

Adra by Trintech automates and streamlines work, improves accuracy, and reduces risk – helping Finance & Accounting teams better manage the detailed process of the financial close. The platform seamlessly integrates with many financial systems, including ERPs, allowing you to close faster with confidence.

Adra offers a unified platform for automating your financial close process, delivering substantial benefits at any stage of your automation journey.

• Reduction in Time Spent Matching Transactions
• Reduction in Time Spent on Bank Reconciliations
• Reduction in Time to Close the Books

Daily reconciliations is a new feature in Trintech’s Adra Matcher that allows organizations like banks and financial institutions to meet daily reporting requirements without leaving the solution, allowing it to remain your single source of truth.

The new journal entry feature in Trintech’s Adra allows users to create journal entries leading to increased automation of the financial close process within the Adra suite.

Adra by Trintech ensures you can automate the financial close process directly from your existing systems. Intelligent insights allow you to close faster and with greater confidence. From multi-way transaction matching and workflow management to balance sheet reconciliations, Adra offers a solution to your greatest financial close challenges.

• Multi-Way Transaction Management
• Balance Sheet Reconciliations
• Financial Close Task Management
• Real Time Insights and Analytics
• Journal Entry

Automated multi-way transaction matching with Adra Matcher lets your accounting team focus on handling only the exceptions. Match transactions with bank statements, credit card statements, point of sale, merchant, third-party delivery services, and other external sources in a fraction of the time that manual processes take.

• Reads data in raw form, eliminating time spent cleaning up spreadsheets
• Supports 3-way, 4-way, and more complex match scenarios
• Intelligent rules for one-to-one, one-to-many, many-to-one, and many-to-many matches

Matched transactions seamlessly integrate into balance sheet reconciliations through Adra Balancer. Take the repetition out of your balance sheet reconciliation process for a financial close that’s fast, accurate, and easy to manage.

• Automatically reconcile accounts based on customizable variance thresholds
• Centralize data into one platform to increase visibility

Adra Task Manager provides centralized checklists and documents for visibility and control of the entire financial close process. Built-in separation of duties and stronger internal controls.

• Centralized checklists and task libraries
• Status updates and dashboards
• Assign and reassign work to avoid gaps and bottlenecks

Tailored reports and dashboards highlight successes as well as opportunities for improvement in Adra Analytics. Track every activity throughout one period or over several periods.

• Pre-configured and customizable reports in Power BI, Excel, or Tableau
• View close tasks, reconciliations, and information in the tool of your choice

Adra Journal Entry drives efficiency with journal entry creation, posting and reporting. Standardize and centralize journal entries for a close that’s faster with fewer risk of errors.

• Seamless two-way communication between Adra and any ERP
• Post or export journals without disrupting current workflow
• Store everything in a single source of truth

Adra’s solutions are system, source, and file-agnostic, and integrate with many different ERPs globally. Flexible integration points mean there is no need to reformat the data from your ERP.

• Pre-built NetSuite Connector
• Embedded financial close solution in Microsoft 365
• Integration with Planful for unified close process

Deliver performance with AI-powered close, consolidation, planning, and reporting—unifying your business for success with Planful.

Planful AI speaks Finance. Embedded across Planful, it streamlines work, uncovers insights, and ensures secure, explainable intelligence.

Results in weeks, not months. With intuitive workflows, minimal IT lift, and seamless collaboration, Planful enables teams to realize impact immediately.

Grow without limits. Manage global complexity, expand rapidly, model every scenario, adapt in real time, and scale confidently with Planful.

Planful AI transforms financial processes into moments of clarity. Designed for the way Finance thinks, it explains every result, anticipates what’s next, and helps teams move from analysis to action.

Planful AI Analyst Assistant is your always-on partner, turning natural-language questions into instant, explainable insights. Built for Finance, it reveals what’s driving the numbers, streamlines analysis, and gives you the confidence to act decisively.

Extend the power of AI across every corner of Finance with capabilities for real-world impact.

• Signals: Detect risks early. Continuously flag anomalies, outliers, and errors with explainable context so you can validate accuracy and stay audit-ready.
• Projections: Forecast with precision. Generate intelligent, bias-reducing baselines using ML and refine scenarios with clarity as conditions change.
• Help: Guidance where you work. Get in-app answers and step-by-step instructions so users build confidence and extend adoption without breaking workflow.

Planful supports planning and performance management for Finance, Accounting, Marketing, Human Resources, Sales, IT, and Operations.

Empower Finance as a strategic catalyst for growth with automated reporting, forecasting, and scenario planning enhanced by AI. Planful elevates FP&A by uncovering drivers, turning data into foresight, and enabling confident decisions that ensure success.

Access the Solution Hub and resources such as the 2025 Global Finance Survey, Gartner Magic Quadrant report, and eBook on continuous planning.