Top 20 Corporate Finance Technology Companies - 2019

Behind every successful enterprise lies an efficient finance department. However, every enterprise is different and is changing consistently in relation to business needs and objectives. In such a scenario, enterprises find it daunting to find a corporate finance technology solution that meets their unique business needs in the areas of risk management, business valuation, capital investments, and M&A activities, among others. For improved financial results, modern businesses must incorporate a sense of “freedom to innovate,” bringing in harmony between accounting, finance, operations, and other functions. By doing so, enterprises can build innovative products, gain more visibility into their data, resulting in enhanced operational efficiency and transparency.

Before leveraging a solution, any organization must check if the solution aligns with its broader vision while providing more control and scalability. Gone are the days when managers recorded data using spreadsheets, created presentations on separate software, and produced financial reports using a third-party tool. To achieve agility in operations and service delivery and gain increased visibility into the organizational data, an organization has to adopt a solution that brings alignment between various reporting and compliance outputs, and streamlines risk and controls. Besides, the solution can be extended to drive CRM efficiency.     

The modern corporate finance solutions employ cutting-edge technologies such as artificial intelligence (AI) and machine learning to improve and automate financial decision making. This agility helps companies identify capital expenditures, estimate cash flows, and compare planned investments with projected income easily. CFOs and their teams can avail the current digital technologies to generate forecasts and be more vocal in their support to the strategic plans and decisions of the organization. The cloud-based planning and budgeting platforms automate data reconciliation to achieve a single source of up-to-date data. These platforms combine accurate data from multiple sources—including sales, supply chain, and business performance—to improve working capital and inventory management. Through automation, modern corporate finance solutions allow enterprises to focus on value creation and efficient resource utilization.

In the wake of these technology transitions, we are glad to feature Colorado-based Codence on our list of the 20 most promising Corporate Finance tech solution providers. Codence provides Genesis Financial Suite which is built on the innovative FileMaker platform used to create custom applications for improved business operations and enhanced productivity. Codence also offers accounting and business intelligence functionalities. Another company, Capital Works goes beyond point solutions to deliver an end-to-end platform, covering the full range of aspects, from preparing for a transaction to monitoring a transaction post-closing.

With several success stories and awards under their belts, these companies are constantly bringing innovations in the space of corporate finance. We hope this issue of the top corporate finance technology solution providers helps to build the partnership needed to foster a technologically-driven finance department.

We present to you CIOReview’s “20 Most Promising Corporate Finance Tech Solution Providers—2019.”

Top Companies

AccountsIQ, a financial management system, provides Accounting, Consolidation, and Business Intelligence, all in one robust solution. The software is specially designed for organizations that require a common platform for benchmarking and managing numerous companies and business units. AccountsIQ is also preferred in accountancy practices, to help them collaborate online and deliver improved outsourced BPO and accounting services, while reducing costs and enhancing productivity. AccountsIQ has an array of products that works in many sectors like Retail, professional services, property management, construction, schools and academies, fast-growing start-ups, group companies, private equity and venture capital, hotels, restaurant and bars, public sector and franchise

Capital Works arose from an entrepreneur’s acute awareness of market inefficiency coupled with a clear vision to help business owners and capital providers efficiently complete capital transactions. Capital Works’ new capital transaction management (CTM) platform bridges that gap by empowering business owners, their advisors, and capital providers to efficiently and successfully close transactions. The CTM platform features a highly automated, AI-infused process where strategic, financial, and operational data is ingested from numerous sources. Capital Works goes beyond a point solution and delivers an end-to-end CTM platform that covers the full range of aspects from preparing for a transaction to monitoring a transaction post-closing

Codence provides the Genesis Financial Suite built on the innovative FileMaker platform, enabling out-of-the-box capabilities for transactions, accounting, and business intelligence with off-the-charts customizability. The company combines their technical background with a great understanding of the business procedures and financial literacy through a remarkable team comprised of accounting, operations, and technology experts. With this best of both worlds approach, it allows Codence to both leverage existing solutions and craft custom-built components based on the right strategy for a given need

Workiva created Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. Thousands of organizations across the globeuse Wdesk. The platform's proprietary word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. Wdesk helps mitigate enterprise risk, improve productivity and give users confidence to make decisions with real-time data. The company is headquartered in Ames, Iowa is a leader in financial process automation for small businesses and mid-size companies. Making it simple to connect and do business, the Back Office Cloud digitizes, automates, and simplifies legacy payment and financial processes. With an integrated, end-to-end platform, also leverages artificial intelligence to reduce manual work and provides a cloud workspace to help run the client’s business anytime, anywhere. The company helps businesses connect and do business by tying together finance and accounting programs, banks, customers, vendors, accounting professionals, and documents. It has offices in Palo Alto, California and Houston, Texas


Botkeeper is a Boston, MA-based virtual robotic bookkeeper company that supports the client's accounting needs through machine learning and integration of systems and software. Botkeeper software securely accesses financial and non-financial information (e.g., bank, credit card, CRM, web analytics, and accounting software) to make entries, track and schedule revenue and deferred expenses, account for payroll, reconcile bank accounts, send invoices, and provide a 360-degree view of a client's business. The other services offered by the company include, revenue recognition, accounts receivable tracking, generating invoices, accounts payable tracking, paying bills, expense reports, document management, banking & credit card reconciliations, payroll tracking, inventory accounting, and Monthly Close and Financial Reports


C2FO is a financial technology company and the creator of the first market for working capital. Their ability to create a seamless match between A/R and A/P has enabled efficiency in the riskless provisioning of working capital between suppliers and buyers. Companies across the globe use C2FO to increase their operating income while simultaneously producing vital working capital flows to their supply chains. The company also enables the suppliers to take control of their cash flow while buyers can increase EBITDA and gross margin and earn a better return on short-term cash. C2FO is a leader in the retail, industrial, manufacturing, CPG, energy, healthcare, technology, telecom, and transportation sectors


DataServ is an industry-leading global Software as a Service (SaaS) enterprise content management (ECM) vendor of cloud-based document and process workflow automation solutions. The company proffers SaaS-based solutions to automate accounts payable (purchase to pay), accounts receivable (quote to cash), and human resource (hire to retire) processes for businesses around the world. DataServ believes that the clients deserve more value from their software investments and has made it a goal to guarantee client success with shared responsibility. It subscribes to a tailored delivery approach to solutions that are pragmatic, sustainable, & affordable. This St. Louis, Missouri-based provider of unique software solutions was founded in 1994

Donnelley Financial Solutions

Donnelley Financial Solutions (DFIN) is a leader in risk and compliance solutions, providing insightful technology, industry expertise, and data insights to clients across the globe. Since 1987, the company has been committed to delivering the best possible service and solutions to its clients. The organization also provides innovative tools for content creation, management, and distribution, as well as data analytics and multi-lingual localization services. Leveraging advanced technology, deep domain expertise, and 24/7 support, Donnelley Financial Solutions delivers cost-effective solutions to meet the evolving needs of their clients and also enables the clients to communicate with confidence in a complex regulatory environment

Edmunds GovTech

Edmunds GovTech is a leading provider of fully-integrated software solutions for local governments, including ERP applications, real-time mobile applications, and self-service portals. The company delivers comprehensive ERP solutions to nearly 2,000 local governments in the eastern United States. The company also proffers first-class customer experience to streamline operations, increase productivity, and better serve the community. Edmunds abides by all local, state, and federal government statues and has a dedicated team monitoring changes regularly. The company’s solutions offer flexibility and automation, inclusive of custom reporting, electronic billing, unlimited rate schedules, the option to add an unlimited number of funds or attachment, and many more services


Established in 2000, FleetCor is a leading independent global provider of specialized payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers, and government entities. The company simplifies the way enterprises manage and pay their expenses. FleetCor serves over 500,000 commercial accounts with millions of cardholders across North America, Europe, Africa, and Asia. FleetCor maintains relationships with over 800 partners, ranging in size from major oil companies to small petroleum marketers with a single fueling location. The company provides services ranging from transaction processing to full program management. The FLEETCOR portfolio of brands helps companies automate, secure, digitize, and control payments to, or on behalf of, their employees and suppliers


FloQast builds cloud-based software that helps manage accounting departments by centralizing the workflow, assigning tasks, maintaining supporting documentation, and automating reconciliations. This accounting software vendor based in Los Angeles, California. Founded in 2013, the company provides close management software for corporate accounting departments to help them improve the way they close the books each month. The financial close management software works with Microsoft Excel and uses process management, reporting, and collaboration to automate the month-end closing of an organization’s financial books, reconciliations and, ultimately, shorten the close financial process


Hyland Software Inc. provides enterprise content management software solutions. The Company combines integrated document management, business process management, and records management in a single application. Hyland Software touches all the bases in enterprise content management (ECM) with its OnBase software. The software, which is increasingly cloud-based, is designed to help organizations streamline their processes and share information among employees, partners, and customers. OnBase captures and manages everything from paper reports to web content and is used by customers in industries ranging from financial services and government to manufacturing and health care. In addition to its core ECM product, the company offers modules for functions such as business process automation, digital imaging, and records management. Private equity firm Thoma Bravo owns a majority stake in Hyland


insightsoftware turns financial and operational data into a 360-degree view of the financial reporting lifecycle for better business outcomes that drive growth and ROI. Through turnkey reporting and enterprise performance management solutions such as Atlas for Dynamics, Wands, Hubble, Spreadsheet Server, and CXO Software, insightsoftware provides real-time access to data-driven insights and overviews. Knowledge is then delivered in an efficient, cost-effective, and secure manner via integration with Enterprise resource planning (ERP) and Enterprise Performance Management (EPM) systems and Microsoft Excel


Since 1992, INTEGRIM has supported businesses and organizations with the digital processing and management of corporate documents by connecting data and images through the use of various financial and other computer-based systems. The company helps operations achieve the highest level of efficiency through automation best practices, trim costs, and eliminate paper while enhancing the productivity of your administrative resources. INTEGRIM provides a comprehensive portfolio of business services and solutions, on-premise or cloud-based, such as SenSaaS!, which enable companies to eliminate manual data entry and facilitate the digital processing and approval of documents through electronic solutions designed to support client IT and financial systems


Kyriba is a provider of web-based cash and treasury management solutions delivered under the SaaS model. The venture-backed B2B company’s automated cloud-based system enables customers to control their daily cash management tasks, including maintaining bank balances, tracking transactions, cash positioning and forecasting, automated general ledger posting, and investment portfolio reporting. Kyriba delivers a highly secure, 100 percent SaaS enterprise platform, superior bank connectivity, and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and financial risk, and accelerate growth opportunities through improved decision support


Linedata is a global solutions provider dedicated to the investment management and credit community. The company has been at the service of the financial industry and applies it's market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. As a pioneer for over 15 years with the set-up of SaaS infrastructure for the financial industry, it helps people comply with financial regulation, to operate data and manage strategic plan developments

Mercatus, Inc.

Mercatus is the leading provider of alternative asset investment management solutions, helping investors maximize returns, accelerate growth, and mitigate risk. Mercatus is the only platform to systematically consolidate asset and portfolio data, automate and control financial analysis, and streamline decisions and collaboration across the entire investment lifecycle. Mercatus is headquartered in Silicon Valley with offices in Europe and India. It is the pioneer of the category-defining Energy Investment Lifecycle Management (ILM) software that enables energy producers to fully digitize their asset investment and management process from the origination of an asset through the end of its lifecycle


Payscape provides small to mid-size business owners with financial technologies that allow them to accept payments, streamline their business, and increase cash flow. The organization’s dedication to payment technology and industry innovation is consistent. Payscape offers financial products and services guaranteed to satisfy the cash flow needs of the customers. The products and services of the company include payment processing, online invoicing, recurring billing, online registration, e-commerce integration, and more. It is headquartered in Atlanta, Georgia

Qvinci Software

Qvinci is the gold standard provider of cloud financial reporting, business intelligence, data consolidation, mapping and workflow management solutions for the accounting, franchising and multi-unit business markets who use QuickBooks®, Xero® and Excel®. The company’s patented technology empowers decision-makers and their trusted advisors with secure and automated “ERP-like” functionality at a fraction of the cost and complexity. Qvinci’s software allows executives to monitor and compare the financial performance of single and multi-unit businesses by providing them access to intuitive financial reporting and actionable data, resulting in improved operational efficiencies and increased profitability