Financial Consolidation and Close Adoption Among the Global Top 100
Financial Consolidation and Close Adoption Among the Global Top 100

This report delves into the adoption of Financial Consolidation and Close by the Global Top 100 companies, both privately-held and publicly-traded, as ranked by size, including employee count and revenue metrics, such as those found in the Fortune 1000 and Global 2000 listings. We explore how these leading enterprises are leveraging Financial Consolidation and Close to pursue strategic goals and drive lasting benefits across various business functions.

The adoption of Financial Consolidation and Close within these top companies reveals significant investments in ERP Financial Management technology, highlighting a broad and diverse approach. These organizations frequently partner with multiple vendors, integrating complementary ERP Financial Management solutions to achieve their business objectives. This multi-vendor approach allows them to tailor ERP Financial Management deployments that drive competitive advantages, operational efficiencies, and overall sustainability.

Our latest findings detail the software purchases related to Financial Consolidation and Close among these top 100 enterprises, their technology investments span a range of ERP Financial Management tools and solutions, underscoring the complexity of ERP Financial Management adoption at this level.

Financial Consolidation and Close Vendors Among the Global Top 100

Oracle currently holds a 32% market share in the Financial Consolidation and Close space, making it the leading provider among the Global Top 100, followed by BlackLine, Trintech Group, SAP, and Workiva.

VendorsFinancial Consolidation and Close AppsMarket Share
OracleOracle Hyperion Financial Management Consolidation, Oracle Cloud EPM Financial Consolidation and Close, Oracle PeopleSoft Global Consolidations,Oracle Cloud EPM Account Reconciliation32%
BlackLineBlackLine Finance Controls and Automation Platform, BlackLine Close Process Management Platform14%
Trintech GroupTrintech Cadency Close Management, Trintech T-Recs, Trintech ReconNET11%
SAPSAP BPC Financial Close, SAP Financial Closing Cockpit9%
WorkivaWorkiva Wdesk Financial Close, Workiva Financial Close Reporting7%
AnaplanAnaplan Financial Consolidation6%
IBMIBM Planning Analytics Financial Consolidation, IBM Financial Transaction Manager, IBM Cognos TM1 Financial Consolidations3%
Wolters KluwerCCH Tagetik Financial Close and Consolidation2%
FiservFiserv Frontier Reconciliation2%
FIS GlobalFIS Data Integrity Manager (Formerly IntelliMatch)2%
Axiom EPMAxiom EPM Financial Close and Consolidation2%
InsightsoftwareInsightsoftware Tidemark Financial Close, Insightsoftware IDL Konsis2%
VoyantVoyant Financial Planning1%
DeloitteDeloitte OneStream-XF1%
Vena SolutionsVena Financial Close Management1%
WorkdayWorkday Adaptive Planning Financial Close1%
LucaNet softwareLucaNet Financial Consolidation1%
PlanfulPlanful Consolidation1%
SageSage Business Cloud Financial Consolidation1%
SigmaConsoSigmaConso Financial Consolidation and Reporting1%
MicrosoftMicrosoft Dynamics AX Consolidate Online1%
Grand Total100%

The insights derived from our research will empower marketers, product managers, and IT professionals to better understand the adoption trends shaping the future of Financial Consolidation and Close. These trends can potentially lead to significant shifts within the competitive landscape, impacting strategies and market positioning for years to come.

By monitoring these top enterprises and their technology choices, we equip our clients with the knowledge needed to anticipate changes and stay ahead in the rapidly transforming world of enterprise software and ERP Financial Management innovation.

Custom data cuts related to the Financial Consolidation and Close Market are available:

  • Top Financial Consolidation and Close Vendors, Market Size and Market Forecast 2023-2027
  • Financial Consolidation and Close Market By Vertical Market (21 Industry)
  • Financial Consolidation and Close Market By Country (USA + 45 countries)
  • Financial Consolidation and Close Market By Region (Americas, EMEA, APAC)
  • Financial Consolidation and Close Market By Customer Size (revenue, employee count, asset)
  • Financial Consolidation and Close Market By Channel (Direct vs Indirect)
  • Financial Consolidation and Close Market By Vendor or Product
    Buyer Intent: Companies Reading this Research Report
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    1. Observe, a United States based Professional Services organization with 150 Employees
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    ObserveProfessional Services150$15MUnited States2025-02-15

Global Top 100 adopting Financial Consolidation and Close

The influence of these top 100 organizations on the broader ERP Financial Management market is profound, despite their representation of only a small segment of the digital transformations we track annually. These companies often serve as early adopters and trendsetters, shaping the future of ERP Financial Management and driving innovations that impact the industry at large.

Our Buyer Insight Technographics Database provides a closer look at these major organizations, capturing the size and intricacy of their IT stacks, along with the frequency of their technology investments. This unique database reveals patterns in ERP Financial Management adoption and highlights emerging trends, which are crucial for understanding the evolving landscape of Financial Consolidation and Close.

Our research team continuously tracks the adoption of various Financial Consolidation and Close, drawing on both publicly available information, such as press releases and case studies, and proprietary data sources. Each quarter, we update our records to reflect new ERP Financial Management implementations, providing clients with current and relevant insights into market shifts.

Here are the Global Top 100 companies and their adoption of Financial Consolidation and Close

 

CustomerIndustryEmployeesRevenueCountryVendorFinancial Consolidation and Close AppsWhen
WalmartRetail2100000$648.1BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2016
WalmartRetail2100000$648.1BUnited StatesTrintech GroupTrintech T-Recs2016
AccentureProfessional Services750000$64.1BIrelandBlackLineBlackLine Close Process Management Platform2017
The Coca-Cola CompanyConsumer Packaged Goods700000$45.8BUnited StatesBlackLineBlackLine Close Process Management Platform2014
The Coca-Cola CompanyConsumer Packaged Goods700000$45.8BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2014
Compass GroupLeisure and Hospitality550000$39.3BUnited KingdomOracleOracle Hyperion Financial Management Consolidation2014
G4S plcProfessional Services490000$8.5BUnited KingdomSAPSAP BPC Financial Close2011
GazpromOil, Gas and Chemicals466100$111.0BRussiaSAPSAP BPC Financial Close2013
ConcentrixProfessional Services440000$7.1BUnited StatesSageSage Business Cloud Financial Consolidation2016
UHGHealthcare440000$324.1BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2012
TJX CompaniesRetail329000$30.5BUnited StatesTrintech GroupTrintech ReconNET2013
FedExTransportation328000$90.2BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2016
JP Morgan ChaseBanking and Financial Services313206$155.0BUnited StatesFiservFiserv Frontier Reconciliation2016
AlbertsonsRetail290000$72.0BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2019
WiproProfessional Services249095$11.0BIndiaSAPSAP Financial Closing Cockpit2015
SubscribeProfessional Services220000$47.1BFranceInsightsoftwareInsightsoftware Tidemark Financial Close2017
SubscribeBanking and Financial Services211141$63.1BSpainFIS GlobalFIS Data Integrity Manager (Formerly IntelliMatch)2016
SubscribeRetail201000$46.9BAustraliaTrintech GroupTrintech Cadency Close Management2019
SubscribeAutomotive177000$176.2BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2015
SubscribeAutomotive177000$176.2BUnited StatesTrintech GroupTrintech T-Recs2015
SubscribeUtilities171490$156.8BFranceOracleOracle Cloud EPM Financial Consolidation and Close2019
SubscribeRetail165042$29.4BSpainSAPSAP BPC Financial Close2012
SubscribeManufacturing161000$383.3BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2019
SubscribeProfessional Services150000$4.5BSpainOracleOracle Hyperion Financial Management Consolidation2011
SubscribeCommunications146040$122.4BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2016
SubscribeHealthcare142000$28.0BUnited StatesAxiom EPMAxiom EPM Financial Close and Consolidation2016
SubscribeHealthcare142000$28.0BUnited StatesBlackLineBlackLine Close Process Management Platform2012
SubscribeCommunications136430$43.5BFranceOracleOracle Hyperion Financial Management Consolidation2009
SubscribeConsumer Packaged Goods135000$47.0BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2015
SubscribeLife Sciences131900$85.2BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2016
SubscribeAutomotive125000$18.9BFranceOracleOracle Hyperion Financial Management Consolidation2007
SubscribeProfessional Services125000$11.3BUnited StatesOracleOracle Hyperion Financial Management Consolidation2009
SubscribeManufacturing120000$88.4BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2016
SubscribeProfessional Services118900$4.4BBermudaIBMIBM Planning Analytics Financial Consolidation2017
SubscribeManufacturing113200$67.1BUnited StatesMicrosoftMicrosoft Dynamics AX Consolidate Online2016
SubscribeDistribution110000$18.7BFranceOracleOracle Hyperion Financial Management Consolidation2014
SubscribeRetail110000$23.5BUnited KingdomOracleOracle Hyperion Financial Management Consolidation2009
SubscribeManufacturing107900$36.3BSwitzerlandTrintech GroupTrintech Cadency Close Management2020
SubscribeTransportation106000$53.7BUnited StatesAnaplanAnaplan Financial Consolidation2017
SubscribeProfessional Services103900$134.0BUnited StatesOracleOracle Hyperion Financial Management Consolidation2010
SubscribeOil, Gas and Chemicals103000$316.6BUnited KingdomBlackLineBlackLine Finance Controls and Automation Platform2014
SubscribeCommunications102037$29.0BUnited KingdomAnaplanAnaplan Financial Consolidation2018
SubscribeInsurance100000$114.5BChinaWolters KluwerCCH Tagetik Financial Close and Consolidation2015
SubscribeConsumer Packaged Goods100000$25.5BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2019
SubscribeAerospace and Defense99800$30.0BUnited KingdomOracleOracle Hyperion Financial Management Consolidation2009
SubscribeAerospace and Defense99800$30.0BUnited KingdomTrintech GroupTrintech ReconNET2019
SubscribeCommunications97100$26.2BUnited KingdomAnaplanAnaplan Financial Consolidation2018
SubscribeRetail97000$18.1BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2018
SubscribeRetail94570$25.3BUnited StatesOracleOracle Hyperion Financial Management Consolidation2014
SubscribeCommunications93000$41.1BUnited KingdomOracleOracle Hyperion Financial Management Consolidation2012
SubscribeInsurance92695$102.0BFranceOracleOracle Hyperion Financial Management Consolidation2009
SubscribeLife Sciences91573$49.8BFranceTrintech GroupTrintech Cadency Close Management2017
SubscribeBanking and Financial Services91398$56.3BCanadaFIS GlobalFIS Data Integrity Manager (Formerly IntelliMatch)2019
SubscribeRetail91000$17.0BUnited StatesWorkivaWorkiva Financial Close Reporting2016
SubscribeBanking and Financial Services89483$32.3BCanadaIBMIBM Financial Transaction Manager2011
SubscribeAutomotive88853$95.9BUnited StatesWorkivaWorkiva Wdesk Financial Close2020
SubscribeOil, Gas and Chemicals87800$210.1BUnited KingdomSAPSAP BPC Financial Close2013
SubscribeBanking and Financial Services87400$20.5BUnited KingdomAnaplanAnaplan Financial Consolidation2017
SubscribeLeisure and Hospitality87000$4.7BUnited StatesPlanfulPlanful Consolidation2016
SubscribeRetail85000$43.5BUnited StatesTrintech GroupTrintech Cadency Close Management2018
SubscribeHealthcare83147$2.2BIndiaOracleOracle Hyperion Financial Management Consolidation2016
SubscribeRetail82000$3.6BUruguayOracleOracle Hyperion Financial Management Consolidation2016
SubscribeDistribution81834$33.6BGermanyWolters KluwerCCH Tagetik Financial Close and Consolidation2017
SubscribeManufacturing80500$28.2BIndiaAnaplanAnaplan Financial Consolidation2016
SubscribeBanking and Financial Services80000$50.7BUnited StatesWorkivaWorkiva Wdesk Financial Close2019
SubscribeBanking and Financial Services79900$37.3BUnited StatesOracleOracle Hyperion Financial Management Consolidation2009
SubscribeProfessional Services77500$5.0BUnited KingdomOracleOracle Hyperion Financial Management Consolidation2012
SubscribeConstruction and Real Estate72000$18.6BFranceSigmaConsoSigmaConso Financial Consolidation and Reporting2019
SubscribeLife Sciences70212$38.5BUnited KingdomOracleOracle Hyperion Financial Management Consolidation2007
SubscribeOil, Gas and Chemicals70000$1.0BSouth AfricaIBMIBM Cognos TM1 Financial Consolidations2018
SubscribeHealthcare70000$13.0BUnited StatesAxiom EPMAxiom EPM Financial Close and Consolidation2016
SubscribeHealthcare70000$13.0BUnited StatesAnaplanAnaplan Financial Consolidation2017
SubscribeOil, Gas and Chemicals69784$26.8BJapanVena SolutionsVena Financial Close Management2021
SubscribeConsumer Packaged Goods69000$22.1BUnited KingdomSAPSAP BPC Financial Close2015
SubscribeProfessional Services67300$10.0BSingaporeOracleOracle Hyperion Financial Management Consolidation2015
SubscribeBanking and Financial Services60600$14.8BUnited KingdomOracleOracle Cloud EPM Financial Consolidation and Close2019
SubscribeProfessional Services60000$16.4BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2020
SubscribeBanking and Financial Services60000$6.0BUnited StatesWorkivaWorkiva Wdesk Financial Close2016
SubscribeUtilities58000$25.5BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2019
SubscribeLeisure and Hospitality58000$16.2BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2019
SubscribeConsumer Packaged Goods57000$6.8BUnited StatesSAPSAP BPC Financial Close2013
SubscribeConsumer Packaged Goods55381$15.8BJapanSAPSAP BPC Financial Close2017
SubscribeManufacturing55000$9.3BUnited StatesDeloitteDeloitte OneStream-XF2011
SubscribeOil, Gas and Chemicals54000$55.6BUnited KingdomOracleOracle Hyperion Financial Management Consolidation2018
SubscribeBanking and Financial Services53400$17.5BUnited StatesOracleOracle Cloud EPM Financial Consolidation and Close2019
SubscribeInsurance53000$57.1BUnited StatesWorkivaWorkiva Wdesk Financial Close2016
SubscribeRetail51777$24.6BGermanyTrintech GroupTrintech Cadency Close Management2018
SubscribeBanking and Financial Services51300$36.8BUnited StatesFiservFiserv Frontier Reconciliation2016
SubscribeLeisure and Hospitality51000$6.7BUnited StatesBlackLineBlackLine Close Process Management Platform2009
SubscribeProfessional Services50000$12.2BIrelandTrintech GroupTrintech Cadency Close Management2019
SubscribeRetail50000$20.0BGermanyInsightsoftwareInsightsoftware IDL Konsis2016
SubscribeAerospace and Defense50000$19.4BUnited StatesWorkivaWorkiva Financial Close Reporting2013
SubscribeInsurance50000$49.4BUnited StatesTrintech GroupTrintech T-Recs2002
SubscribeGovernment50000$33.0BUnited StatesOracleOracle PeopleSoft Global Consolidations2017
SubscribeManufacturing50000$10.0BGermanyLucaNet softwareLucaNet Financial Consolidation2019
SubscribeRetail49000$9.3BGermanyOracleOracle Cloud EPM Financial Consolidation and Close2020
SubscribeHealthcare49000$2.8BUnited StatesWorkivaWorkiva Financial Close Reporting2016
SubscribeManufacturing49000$13.9BUnited StatesTrintech GroupTrintech Cadency Close Management2018
SubscribeBanking and Financial Services48498$85.4BUnited StatesOracleOracle Hyperion Financial Management Consolidation2011
SubscribeBanking and Financial Services48074$17.3BCanadaVoyantVoyant Financial Planning2018
SubscribeLife Sciences48000$14.2BUnited StatesWorkdayWorkday Adaptive Planning Financial Close2017
SubscribeManufacturing47000$12.7BUnited StatesBlackLineBlackLine Finance Controls and Automation Platform2020
SubscribeAerospace and Defense47000$15.4BUnited StatesOracleOracle Cloud EPM Account Reconciliation2023
SubscribeOil, Gas and Chemicals46730$102.4BBrazilBlackLineBlackLine Finance Controls and Automation Platform2024
SubscribeConsumer Packaged Goods46725$34.2BUnited KingdomSAPSAP BPC Financial Close2015

Source: APPS RUN THE WORLD, October 2024

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than ten million software purchases and records on the enterprise software landscape of over 2 million organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.