Top 10: Financial Forecasting Tools

For finance leaders keeping up to date with the most recent wave of technology, forecasting tools provide a vital lifeline, in not only for recent tech developments, but also in the face of macroeconomic shifts. 

Modern CFOs are abandoning rigid, annual planning cadences in favour of continuous, driver-based rolling forecasts and dynamic scenario modelling. 

To ensure that the business stays on top of the numbers, CFOs are turning to some of the more advanced options in forecast planning tools in the industry. 

Read on to find out which one Finance Chief has ranked as number one. 

10. Cube Software

Company founded: 2018
Based in: New York, US
CEO: Christina Ross

Designed for fast-growing enterprises, Cube bridges the gap between spreadsheet flexibility and enterprise database architecture. 

By operating directly within Microsoft Excel and Google Sheets, the platform eliminates steep learning curves while offering real-time data syncs, automated consolidations and multi-scenario modelling. 

CFOs leverage Cube to conduct driver-based rolling forecasts without forcing finance teams out of native spreadsheet interfaces, potentially vastly reducing manual reconciliation errors and implementation timelines.

9. Pigment

Company founded: 2019
Based in: Paris, France
Co-CEOs: Eléonore Crespo & Romain Niccoli

Pigment offers modern business planning designed to replace cumbersome legacy systems. 

The platform delivers real-time computational power alongside visual scenario modelling, allowing enterprise leaders to evaluate changing macroeconomic variables across complex matrix structures instantly. 

Its intuitive design fosters cross-functional alignment between finance, HR and revenue teams. 

CFOs adopt Pigment to accelerate budget cycles, run infinite what-if simulations and build granular operational forecasts with complete transparent auditability.

8. Vena Solutions

Company founded: 2011
Based in: Ontario, Canada
CEO: Hunter Madeley

Vena Solutions unites a native Microsoft Excel interface with a centralised, enterprise-grade cloud database. 

Its workflow engine automates data collection, version control and variance reporting across global entities. 

With embedded predictive analytics and machine learning capabilities, Vena enables finance teams to generate statistical forecasts alongside traditional operational inputs. 

It also embraces AI-powered insights for a more efficient view on constantly-changing conditions. 

7. Planful

Company founded: 2000
Based in: California, US
CEO: John Herr

Planful streamlines end-to-end financial planning, analysis and monthly close workflows for complex organisations.

Its ease of use stems from pre-existing templates that can be utilised for maximum efficiency, as it already populates with data pulled from existing data and accounting properties. 

Finance leaders from Etsy, Rethink Food and Five Guys rely on Planful for its ability to easily update and collaborate on the budget without “version chaos”, alongside permanently- updating assumptions for a constantly changing business plan. 

6. CCH Tagetik (Wolters Kluwer)

Company founded: 1986
Based in: Alphen aan den Rijn, Netherlands
CEO: Stacey Caywood 

Operating within Wolters Kluwer, CCH Tagetik provides decision performance management built to collate decisions around anticipating risk, sterling performance and guiding decisions, all in real-time. 

Its unification of planning, forecasting and workforce planning is used by leaders such as Phillip Morris International, TUI Musement and Members 1st.

Having been named a leader in forecast software consistently by Gartner, bpm partners and Big Innovation, Wolters Kluwer positions itself as one of the top experts in the financial admin field. 

5. OneStream Software

Company founded: 2012
Based in: Michigan, US
CEO: Tom Shea

OneStream replaces fragmented corporate performance systems with a single, unified enterprise platform. 

With built-in Sensible AI predictive capabilities, OneStream enables CFOs to generate thousands of automated operational forecasts daily, blending macroeconomic indicators with internal metrics to deliver accuracy across global supply chains and complex business lines.

Its AI-forward approach allows CFOs to use agents that can interact in natural language, providing guided insights for planning and forecasting directly within the workflow. 

4. Anaplan

Company founded: 2006
Based in: California, US
CEO: Charlie Gottdiener

Anaplan’s forecasting expertise centres on its ability to predict and supply accurate forecasts using AI technology, all one a unified platform. 

Gatwick Airport notes that its operational forecasting took only two days using Anaplan, with an accuracy of 95%, at least. 

By marrying historical trends with forward-looking planning, the tool is used by CFOs globally from AXA Insurance, Bayer, Adobe and The Coca-Cola Company, to increase productivity during planning cycles by up to 40%. 

3. Workday Adaptive Planning

Company founded: 2005
Based in: California, US
CEO: Carl Eschenbach 

Workday Adaptive Planning provides enterprise-grade continuous planning and driver-based modelling for organisations operating in dynamic market conditions. 

Its Elastic Hypercube Technology automatically adds memory and computing capacity when required, enabling large finance teams to build complex, multidimensional models without compromising performance or ease of use.

By connecting financial planning with Workday’s human capital management and financial management data, the platform helps CFOs assess workforce capacity, operating expenses and capital deployment in one unified environment. 

Finance teams can move beyond static annual budgeting towards continuous, automated rolling forecasts and flexible scenario planning.

For global enterprises navigating shifting market dynamics, Workday Adaptive Planning combines scalability, security and operational visibility to support financial agility across distributed global divisions.

2. SAP Analytics Cloud

Company founded: 1972
Based in: Walldorf, Baden-Württemberg, Germany
CEO: Christian Klein 

SAP Analytics Cloud combines business intelligence, augmented analytics and enterprise planning in a single cloud platform, with native connections to SAP S/4HANA. 

Designed for organisations managing complex financial operations, it helps reduce data silos by enabling analytics and planning on live enterprise resource planning data.

Its predictive planning capability uses automated machine learning to turn historical data into forecasts, while AI-assisted analytics can identify patterns, correlations and potential outcomes.

Finance teams can model scenarios, simulate best, worst and expected outcomes, and connect operational plans directly with enterprise financial plans.

SAP Analytics Cloud supports multi-currency planning and links plans across lines of business, helping CFOs align strategy with execution. 

1. Oracle Cloud Enterprise Performance Management (EPM)

Company founded: 1977
Based in: Texas, US
Co-CEOs: Clay Magouyrk and Mike Sicilia

Oracle Cloud Enterprise Performance Management provides end-to-end planning, forecasting and profitability management for large, complex organisations.

CFOs can model complex what-if scenarios and perform root-cause analysis across lines of business using real-time ERP and operational data. 

The platform offers goal-oriented, driver-based planning across financial statements, workforce expenses and revenue drivers. 

By using built-in AI Planning Agents, finance leaders gain predictive insights, trend evaluations and automated variance analysis.

Ultimately, Oracle Cloud EPM unifies planning, close and reporting, helping CFOs navigate market shifts, manage enterprise complexity and shift from hindsight to forward-looking decisions.