Financial close software, also called accounting close software, provides tools to help businesses complete the financial close cycle. The financial close cycle is the process of verifying and adjusting account balances at the end of an accounting period (often the end of the month, quarter, or year) to produce financial reports that represent the company鈥檚 true financial position as of a certain date. These reports inform stakeholders such as management, investors, creditors, and regulatory agencies. Financial close software automates and streamlines some of the tasks involved in the financial close process, such as account reconciliations, journal entries, intercompany transactions, consolidation, reporting, and disclosure.
Market Analysis and Insights: Global Financial Close Software Market
The global Financial Close Software market is projected to grow from US$ 770 million in 2024 to US$ 1373.8 million by 2030, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.
The industry trend of financial close software is driven by the increasing demand for automation, standardization, collaboration, transparency, and compliance in the financial close process. The global pandemic that emerged in 2020 and the remote work model that ensued also exposed the weaknesses of the financial close process for organizations that relied on spreadsheets or fragmented legacy solutions. As a result, many organizations have initiated or accelerated their digital transformation initiatives to adopt cloud-based financial close software solutions that can provide more efficiency, accuracy, agility, and security in the financial close process . Some of the key features and capabilities that are expected to shape the future of financial close software are:
Artificial intelligence (AI) and machine learning (ML): AI and ML can enhance the automation and intelligence of financial close software by providing data extraction, validation, reconciliation, classification, anomaly detection, risk assessment, recommendation engine, natural language processing (NLP), natural language generation (NLG), and predictive analytics .
Composable applications: Composable applications are modular applications that can be assembled or reassembled based on changing business needs. Composable applications can enable more flexibility and scalability for financial close software by allowing users to select and integrate the best-of-breed components or services that suit their specific requirements .
Extended planning and analysis (xP&A): xP&A is an approach that integrates financial planning and analysis (FP&A) with operational planning and analysis across various business functions and domains. xP&A can enable more alignment and collaboration between finance and other business units by providing a unified platform for data integration, planning, budgeting, forecasting, reporting, analysis, and decision making .
Report Covers:
This report presents an overview of global market for Financial Close Software market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Financial Close Software, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Financial Close Software, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Financial Close Software revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Financial Close Software market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Financial Close Software revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
BlackLine
IBM Cognos Controller
FloQast
Prophix
Tagetik
Vena
Oracle
Host Analytics
Kaufman
Equity Edge
Longview
Trintech
ReconArt
OneStream
Segment by Type
Cloud Based
Web Based
Segment by Application
Large Enterprises
SMEs
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Financial Close Software in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Financial Close Software companies鈥� competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Financial Close Software revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Financial Close Software Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Cloud Based
1.2.3 Web Based
1.3 Market by Application
1.3.1 Global Financial Close Software Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Large Enterprises
1.3.3 SMEs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Financial Close Software Market Perspective (2019-2030)
2.2 Global Financial Close Software Growth Trends by Region
2.2.1 Financial Close Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Financial Close Software Historic Market Size by Region (2019-2024)
2.2.3 Financial Close Software Forecasted Market Size by Region (2025-2030)
2.3 Financial Close Software Market Dynamics
2.3.1 Financial Close Software Industry Trends
2.3.2 Financial Close Software Market Drivers
2.3.3 Financial Close Software Market Challenges
2.3.4 Financial Close Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Financial Close Software by Players
3.1.1 Global Financial Close Software Revenue by Players (2019-2024)
3.1.2 Global Financial Close Software Revenue Market Share by Players (2019-2024)
3.2 Global Financial Close Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Financial Close Software, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Financial Close Software Market Concentration Ratio
3.4.1 Global Financial Close Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Financial Close Software Revenue in 2023
3.5 Global Key Players of Financial Close Software Head office and Area Served
3.6 Global Key Players of Financial Close Software, Product and Application
3.7 Global Key Players of Financial Close Software, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Financial Close Software Breakdown Data by Type
4.1 Global Financial Close Software Historic Market Size by Type (2019-2024)
4.2 Global Financial Close Software Forecasted Market Size by Type (2025-2030)
5 Financial Close Software Breakdown Data by Application
5.1 Global Financial Close Software Historic Market Size by Application (2019-2024)
5.2 Global Financial Close Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Financial Close Software Market Size (2019-2030)
6.2 North America Financial Close Software Market Size by Type
6.2.1 North America Financial Close Software Market Size by Type (2019-2024)
6.2.2 North America Financial Close Software Market Size by Type (2025-2030)
6.2.3 North America Financial Close Software Market Share by Type (2019-2030)
6.3 North America Financial Close Software Market Size by Application
6.3.1 North America Financial Close Software Market Size by Application (2019-2024)
6.3.2 North America Financial Close Software Market Size by Application (2025-2030)
6.3.3 North America Financial Close Software Market Share by Application (2019-2030)
6.4 North America Financial Close Software Market Size by Country
6.4.1 North America Financial Close Software Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Financial Close Software Market Size by Country (2019-2024)
6.4.3 North America Financial Close Software Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Financial Close Software Market Size (2019-2030)
7.2 Europe Financial Close Software Market Size by Type
7.2.1 Europe Financial Close Software Market Size by Type (2019-2024)
7.2.2 Europe Financial Close Software Market Size by Type (2025-2030)
7.2.3 Europe Financial Close Software Market Share by Type (2019-2030)
7.3 Europe Financial Close Software Market Size by Application
7.3.1 Europe Financial Close Software Market Size by Application (2019-2024)
7.3.2 Europe Financial Close Software Market Size by Application (2025-2030)
7.3.3 Europe Financial Close Software Market Share by Application (2019-2030)
7.4 Europe Financial Close Software Market Size by Country
7.4.1 Europe Financial Close Software Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Financial Close Software Market Size by Country (2019-2024)
7.4.3 Europe Financial Close Software Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Financial Close Software Market Size (2019-2030)
8.2 China Financial Close Software Market Size by Type
8.2.1 China Financial Close Software Market Size by Type (2019-2024)
8.2.2 China Financial Close Software Market Size by Type (2025-2030)
8.2.3 China Financial Close Software Market Share by Type (2019-2030)
8.3 China Financial Close Software Market Size by Application
8.3.1 China Financial Close Software Market Size by Application (2019-2024)
8.3.2 China Financial Close Software Market Size by Application (2025-2030)
8.3.3 China Financial Close Software Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Financial Close Software Market Size (2019-2030)
9.2 Asia Financial Close Software Market Size by Type
9.2.1 Asia Financial Close Software Market Size by Type (2019-2024)
9.2.2 Asia Financial Close Software Market Size by Type (2025-2030)
9.2.3 Asia Financial Close Software Market Share by Type (2019-2030)
9.3 Asia Financial Close Software Market Size by Application
9.3.1 Asia Financial Close Software Market Size by Application (2019-2024)
9.3.2 Asia Financial Close Software Market Size by Application (2025-2030)
9.3.3 Asia Financial Close Software Market Share by Application (2019-2030)
9.4 Asia Financial Close Software Market Size by Region
9.4.1 Asia Financial Close Software Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Financial Close Software Market Size by Region (2019-2024)
9.4.3 Asia Financial Close Software Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Financial Close Software Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Financial Close Software Market Size by Type
10.2.1 Middle East, Africa, and Latin America Financial Close Software Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Financial Close Software Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Financial Close Software Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Financial Close Software Market Size by Application
10.3.1 Middle East, Africa, and Latin America Financial Close Software Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Financial Close Software Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Financial Close Software Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Financial Close Software Market Size by Country
10.4.1 Middle East, Africa, and Latin America Financial Close Software Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Financial Close Software Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Financial Close Software Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 BlackLine
11.1.1 BlackLine Company Details
11.1.2 BlackLine Business Overview
11.1.3 BlackLine Financial Close Software Introduction
11.1.4 BlackLine Revenue in Financial Close Software Business (2019-2024)
11.1.5 BlackLine Recent Developments
11.2 IBM Cognos Controller
11.2.1 IBM Cognos Controller Company Details
11.2.2 IBM Cognos Controller Business Overview
11.2.3 IBM Cognos Controller Financial Close Software Introduction
11.2.4 IBM Cognos Controller Revenue in Financial Close Software Business (2019-2024)
11.2.5 IBM Cognos Controller Recent Developments
11.3 FloQast
11.3.1 FloQast Company Details
11.3.2 FloQast Business Overview
11.3.3 FloQast Financial Close Software Introduction
11.3.4 FloQast Revenue in Financial Close Software Business (2019-2024)
11.3.5 FloQast Recent Developments
11.4 Prophix
11.4.1 Prophix Company Details
11.4.2 Prophix Business Overview
11.4.3 Prophix Financial Close Software Introduction
11.4.4 Prophix Revenue in Financial Close Software Business (2019-2024)
11.4.5 Prophix Recent Developments
11.5 Tagetik
11.5.1 Tagetik Company Details
11.5.2 Tagetik Business Overview
11.5.3 Tagetik Financial Close Software Introduction
11.5.4 Tagetik Revenue in Financial Close Software Business (2019-2024)
11.5.5 Tagetik Recent Developments
11.6 Vena
11.6.1 Vena Company Details
11.6.2 Vena Business Overview
11.6.3 Vena Financial Close Software Introduction
11.6.4 Vena Revenue in Financial Close Software Business (2019-2024)
11.6.5 Vena Recent Developments
11.7 Oracle
11.7.1 Oracle Company Details
11.7.2 Oracle Business Overview
11.7.3 Oracle Financial Close Software Introduction
11.7.4 Oracle Revenue in Financial Close Software Business (2019-2024)
11.7.5 Oracle Recent Developments
11.8 Host Analytics
11.8.1 Host Analytics Company Details
11.8.2 Host Analytics Business Overview
11.8.3 Host Analytics Financial Close Software Introduction
11.8.4 Host Analytics Revenue in Financial Close Software Business (2019-2024)
11.8.5 Host Analytics Recent Developments
11.9 Kaufman
11.9.1 Kaufman Company Details
11.9.2 Kaufman Business Overview
11.9.3 Kaufman Financial Close Software Introduction
11.9.4 Kaufman Revenue in Financial Close Software Business (2019-2024)
11.9.5 Kaufman Recent Developments
11.10 Equity Edge
11.10.1 Equity Edge Company Details
11.10.2 Equity Edge Business Overview
11.10.3 Equity Edge Financial Close Software Introduction
11.10.4 Equity Edge Revenue in Financial Close Software Business (2019-2024)
11.10.5 Equity Edge Recent Developments
11.11 Longview
11.11.1 Longview Company Details
11.11.2 Longview Business Overview
11.11.3 Longview Financial Close Software Introduction
11.11.4 Longview Revenue in Financial Close Software Business (2019-2024)
11.11.5 Longview Recent Developments
11.12 Trintech
11.12.1 Trintech Company Details
11.12.2 Trintech Business Overview
11.12.3 Trintech Financial Close Software Introduction
11.12.4 Trintech Revenue in Financial Close Software Business (2019-2024)
11.12.5 Trintech Recent Developments
11.13 ReconArt
11.13.1 ReconArt Company Details
11.13.2 ReconArt Business Overview
11.13.3 ReconArt Financial Close Software Introduction
11.13.4 ReconArt Revenue in Financial Close Software Business (2019-2024)
11.13.5 ReconArt Recent Developments
11.14 OneStream
11.14.1 OneStream Company Details
11.14.2 OneStream Business Overview
11.14.3 OneStream Financial Close Software Introduction
11.14.4 OneStream Revenue in Financial Close Software Business (2019-2024)
11.14.5 OneStream Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
BlackLine
IBM Cognos Controller
FloQast
Prophix
Tagetik
Vena
Oracle
Host Analytics
Kaufman
Equity Edge
Longview
Trintech
ReconArt
OneStream
听
听
*If Applicable.
