Market Highlights: Financial close software, also known as accounting close software, provides tools that companies can use to complete the financial close cycle. Many organizations do a financial close at the end of each month. During this time, accountants within an organization use this software to ensure that the books are correct and that all transactions have been completed successfully. Tasks such as invoice payment and delivery cost approval, and lead import is listed in checklists and ticked off after completion. Financial Close products often include features such as task assignment, reconciliation management, reporting, and databases of past accounting closing dates organized by month and transaction type. Individual progress and deadlines for each period can also be tracked by the accounting team throughout the cycle. These tools typically integrate with spreadsheets and various accounting tools to help users fully document relevant data and identify notable results or inconsistencies. They can also be integrated with or delivered with other corporate performance management (CPM) functions, e.g. Financial Consolidation or Budgeting and Forecasting. The market study is being classified by Type (Software as a Service (SaaS), Public Cloud and Private Cloud), by Application (Payroll Management Systems, Billing & Invoice System, Enterprise Resource Planning Systems, Time & Expense Management Systems and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Cloud Financial Close Solutions Software are Workiva (United States), BlackLine, Inc. (United States), CCH Tagetik (Italy), OneStream Software (United States), Trintech (United States), Oracle Corporation (United States), Anaplan (United States), Host Analytics (United States), FloQast (United States), Vena Solutions (Canada), Aaro Systems AB (Sweden) and PA Group (United States).
Key Questions Answered in the Report What will the Cloud Financial Close Solutions Software Market size and the growth rate be in Future? What are the key factors driving the Cloud Financial Close Solutions Software Market? What are the key market trends and macro-economic impacting the growth of the Cloud Financial Close Solutions Software Market? What are the challenges to market growth? Who are the key vendors in the Cloud Financial Close Solutions Software Market? What are the market opportunities and threats faced by the vendors in the Cloud Financial Close Solutions Software Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Cloud Financial Close Solutions Software Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud Financial Close Solutions Software market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud Financial Close Solutions Software market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Service Providers of Cloud Financial Close Solutions Software, End-Users, Potential Investors, Market Research Firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.