Question: Is there a financial reporting software that offers pre-built templates for common ERP use cases and can simplify the close and consolidation process?

Among financial reporting software options that come with pre-built templates for common ERP scenarios and automate the close and consolidation process, InsightSoftware is a top contender. It can connect to more than 200 systems, including big ERPs, and offers data virtualization, automated workflows and real-time data access. The company offers pre-built templates for financial reporting and budgeting to help financial teams streamline their work and get a better handle on planning and analysis.

Another top pick is Lucanet, which offers a CFO Solution Platform that automates and streamlines financial consolidation, planning and reporting. It connects to more than 300 systems and can generate compliance-ready financial and ESG reports. Its features include financial planning, ESG reporting and tax compliance, and it's a good option for those who need to ensure data is correct and that they're in compliance.

Workday Adaptive Planning is a cloud-based EPM system with a specific module for Close and Consolidation. It uses AI and machine learning technology to support more sophisticated business planning, financial reporting and scenario planning. It's designed to be easy to use, to offer deeper insights through analytics and to get up and running quickly.

Last is Vena, a financial planning and analysis software that integrates with Microsoft 365. It has a range of features, including financial consolidation, close and account reconciliation. Vena combines the flexibility of Excel with AI-powered planning, and it's a good option for those who want to improve forecasting and modeling.