Planful Recognized as a Challenger in 2026 Gartner® Magic Quadrant™ for Financial Close and Consolidations Solutions

We’re thrilled to announce that Planful has been named a Challenger in the Gartner® 2026 Magic Quadrant™ for Financial Close and Consolidation Solutions.

We believe this recognition reflects what our customers already experience every day: a modern platform that helps finance teams accelerate and standardize the close, strengthen control over consolidation, and deliver reliable reporting at scale.

Get your complimentary copy: 2026 Gartner® Magic Quadrant™ for Financial Close and Consolidations Solutions.

We believe the Gartner Magic Quadrant evaluates enterprise technology providers based on how well they execute today and how clearly they deliver on their product vision. From our understanding, the research combines Gartner market analysis with validated customer feedback to give buyers an objective view of the financial close and consolidation solutions landscape.

Being named a Challenger reflects both our ability to execute today and the strengths and cautions of our long-term strategy.

In the report, Gartner highlights Planful’s delivery of close management, consolidation, and financial reporting within a single platform, along with our specialized AI-powered capabilities and our focus on finance-owned, low-code administration.

In practical terms, that means finance teams can configure, manage, and scale their processes with minimal IT involvement, even across global environments with thousands of concurrent users.

Planful AI Analyst Assistant

Planful AI Analyst Assistant is a generative AI-powered financial analyst within the platform to support reporting and consolidation analysis.

This solution delivers instant, explainable insights across complex financial data, giving finance teams the clarity, confidence, and precision to streamline variance analysis, improve review cycles, and strengthen trust in the numbers.

Coming soon: Consolidations Premium is a dedicated consolidation layer within Planful, purpose-built for finance teams managing complex ownership structures, sub-consolidations, intercompany eliminations, and equity pickup at scale. This layer is designed to provide greater control, transparency, and scalability for the deepest global consolidation environments.

The Gartner analyst team factors in real customer reviews from Gartner Peer Insights as part of their Magic Quadrant research. Here’s what Planful customers have shared in their own words:

• “Planful is a very intuitive tool, and the technical support team is great at responding quickly and resolving any issues. I also like that I’m able to consult with a Solutions Architect on more complex software-related items when needing assistance on configuring the tool.” — Director of Finance, Government.
• “Easy-to-use system for financial close and budgeting. Planful has been a handy substitute for bulky Excel templates.” — Finance Manager, IT Services.
• “Planful is not just an incredible tool; they are incredible partners. Everyone we have interacted with has been very enthusiastic and helpful with whatever the request is. Planful has really improved our processes and made a lot of our regular reports much faster to create. I would absolutely recommend Planful to anyone looking to increase their reporting and analytics capabilities.” — FP&A Manager, Transportation.

Hear more from real Planful customers about their experience: Planful on Gartner Peer Insights.

How Alltech cut 8 days from the close by automating consolidations

Alltech, a global leader in animal nutrition, was consolidating more than 100 legal entities across regions, largely through spreadsheets. The process was manual, time-consuming, and increasingly difficult to manage at scale.

After implementing Planful, Alltech centralized its financial data across entities and standardized its consolidation process.

Intercompany eliminations became structured and repeatable. Adjustments were visible and fully traceable. Close cycles became predictable, with eight days shaved off every month.

“It used to take us 20 working days for global consolidation. Planful enables us to reach the draft global consolidation by working day seven and a hard close by working day 12. That’s across 140 entities. Planful is just amazing for speed and accuracy.”

— May Xu, Deputy CFO, Alltech

Most importantly, the role of Finance changed. Instead of reconciling spreadsheets and chasing adjustments, the team now spends its time explaining results, analyzing performance, and supporting strategic decisions.

Read the customer story: Alltech Cuts 8 Days From Monthly Close Cycles by Automating Consolidations With Planful

We feel being named a Challenger in the Gartner Magic Quadrant reflects our commitment to building a platform that delivers measurable impact for finance teams.

As close cycles compress and consolidation complexity grows, CFOs need a system that brings structure, scalability, and visibility to the entire process. Planful delivers that foundation so finance can operate with confidence and lead with clarity in complex global environments.

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Are you evaluating close and consolidation solutions?

Get your complimentary copy of the Gartner® 2026 Magic Quadrant™ for Financial Close and Consolidation Solutions.

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• Planful has been named a Challenger in the 2026 Gartner Magic Quadrant for Financial Close and Consolidation Solutions, recognized for Completeness of Vision and Ability to Execute.
• Key innovations recognized by Gartner include: Planful AI Analyst Assistant, finance-owned low-code configuration, and AI-powered close orchestration aligned with evolving CFO priorities.
• Customers like Alltech have used Planful to reduce close cycles by eight days per month, enabling finance teams to shift from manual reconciliation to a strategic business partnership.

What is the Gartner Magic Quadrant for Financial Close and Consolidation Solutions?

The 2026 Gartner Magic Quadrant for Financial Close and Consolidation Solutions is an independent research report that evaluates vendors across two dimensions: Completeness of Vision and Ability to Execute. It helps enterprise technology buyers assess how providers compare based on Gartner’s market view and validated user reviews.

What does it mean for Planful to be named a Challenger?

A Challenger in the Gartner Magic Quadrant demonstrates strong ability to execute in the market. For Planful, we believe this recognition reflects our platform’s ability to deliver close management, consolidation, and financial reporting in a single system, with AI-powered capabilities and low-code configuration built specifically for finance teams.

How does Planful support financial close and consolidation for enterprise teams?

Planful supports financial close and consolidation through structured workflows, rules-based intercompany eliminations, governed currency translation, AI-assisted variance analysis, and full audit history. Finance teams gain a controlled and repeatable close process designed to scale across multi-entity, global organizations with minimal IT involvement.