Buyers Guide: AI-Powered Financial Consolidation, Close, and Reporting Solutions

/in /by BPM Partners

Executive Summary

2026 EDITION: FEATURING 13 VENDORS AND THE LATEST BPM PULSE RATINGS AND TRENDS DATA

This is not an analyst report, but a consumer-oriented guide that leverages data from our annual BPM Pulse Research Study and Vendor Landscape Matrix report. It is the most comprehensive  Buyers Guide for AI-Powered Financial Consolidation, Close, and Reporting Solutions available today with detailed sections on requirements, vendors, and the evaluation process.

Buyers Guide for AI-Powered Financial Consolidation, Close, and Reporting Solutions

Areas covered in this guide include: financial consolidation and close, account reconciliation, management reporting, statutory reporting, performance dashboards, AI

Vendors covered in this guide include: Anaplan, Board, IBM, JustPerform/insightsoftware, OneStream, Oracle, Planful, Prophix, SAP, Unit4, Vena, Workday, Wolters Kluwer CCH Tagetik

New for 2026: More detailed vendor overviews, AI importance ratings, vendor AI offering specifics

This guide has 6 key sections:

  • Requirements – we provide guidance on the key requirements you should be considering for your new consolidation and reporting solution
  • Core vendors – we provide a snapshot for a list of established vendors that have received top ratings specifically for their consolidation and reporting functionality
  • Core vendors rating comparison chart – we provide a chart comparing customer satisfaction ratings for seven key attributes
  • Additional vendors – we provide a list of additional vendors worth considering that did not meet our Core Vendor criteria
  • Process – we provide elements of the methodology and best practices we use on our own projects to enable you to find the best vendor for your unique requirements
  • Bonus content – case studies and product data sheets from Anaplan, JustPerform/insightsoftware, OneStream Software, Planful, Prophix, Vena, and Wolters Kluwer CCH Tagetik

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Buyers Guide for AI-Powered Financial Consolidation, Close, and Reporting Solutions

Prophix Launches Next Wave of Prophix One AI Agents

/in /by BPM Partners

The EPM Replacement Imperative

/in /by BPM Partners

If you are still relying on SAP BPC, Hyperion Financial Management, Hyperion Enterprise, Cartesis, Longview Khalix, other legacy on-premises solutions, standalone TM1, a collection of spreadsheets, or a mix of solutions, this webcast is designed for you.

  • In this webcast you will learn:
    • Key warning signs that it’s time to replace your legacy EPM system
    • What to look for in a new CPM/EPM solution – based on peer research
    • The steps involved in migrating from your current solution
    • What a modern EPM solution actually looks like with live presentations from leading EPM vendors

There are two sessions of this webcast featuring different EPM vendors, register now for one or both sessions

  • Originally Broadcast: May 2026
  • Featured Vendors: Prophix, Vena, Jedox
  • Speakers: Craig Schiff and John Colbert, BPM Partners, Steve Sussman, Column5 Consulting, Chris Porter, Prophix, Mike Rzepka, Vena, Dr. Rolf Gegenmantel, Jedox
  • Duration: 94 minutes
  • Watch Now
  • Originally Broadcast: May 2026
  • Featured Vendors: Anaplan, Board, CCH Tagetik by Wolters Kluwer
  • Speakers: Craig Schiff and John Colbert, BPM Partners, Steve Sussman, Column5 Consulting, Brandyn Moss, Anaplan, Patrizio Calitri, Board, Adrian Cadman, Wolters Kluwer CCH Tagetik
  • Duration: 90 minutes
  • Watch Now
  • Go beyond the webcasts and get your detailed questions answered here.

Executive Summary:

Three Reasons the Replacement Imperative is a Priority Today:

  • Risk: End-of-Life Is Not a Strategy
    • Major legacy CPM/EPM systems are being sunset and are minimally supported already. Enhancements are rare, bug fixes are limited. Skills are harder to find. Don’t wait until a critical close, audit, or planning cycle exposes the fragility of an aging platform — or until you are forced into a rushed replacement without time for a proper selection and implementation process.
  • Rewards: Modern Platforms Are Actively Evolving
    • Leading CPM/EPM vendors are investing heavily in performance, usability, scalability, and continuous innovation. Advanced capabilities — including AI-driven forecasting, model creation, account reconciliation, report generation, and process automation, along with more sophisticated scenario planning, prebuilt operational solutions, and more — are available today. Modernizing now allows you to take advantage of these innovations sooner rather than later.
  • Competitive Disadvantage: Finance Has Changed
    • Earlier generations of EPM were an improvement over the standalone spreadsheets they often replaced, but were not particularly easy to use or administrate. More importantly, they were not designed for today’s need for more advanced scenario modeling, operational/financial integration, rapid reforecasting cycles, and ad hoc reporting. Modern CPM/EPM solutions unify financial and operational planning along with financial consolidation and close, enable multi-scenario modeling at scale, and support the resilience required in volatile business environments. As your peers modernize, remaining on legacy platforms creates an execution gap.

Join us to understand why the time to act is now—and how to turn your EPM replacement from a forced upgrade into a strategic advantage for Finance and the enterprise.