The Office of the CFO (OCFO) software ecosystem continues to expand at pace, supported by structural tailwinds, regulatory catalysts and sustained investor appetite. In our latest Sector Insights H2-2025 report, our global team of experts provides a comprehensive overview of market dynamics, transaction activity, and valuation trends shaping this increasingly strategic segment of enterprise software.
The report combines first-hand perspectives from industry leaders, updated market mapping across OCFO subcategories and a detailed analysis of global deal activity to provide a holistic view of where the market stands – and where it is heading.
The report includes interviews with founders and executives of leading European OCFO champions, including Candis, EMAsphere, Embat, Everest Systems, iplicit, Moss, TIS, and xSuite, providing first-hand insights into their strategic agendas for long-term growth and how they position themselves in an increasingly competitive and consolidating environment.
Moreover, we’ve conducted an exclusive survey aimed at taking the temperature of the OCFO software market, including a recap and outlook on CFO software spending, perception of tool consolidation, and stance of the Office of the CFO regarding demand for AI-enabled solutions.
The report includes refined market maps detailing the breadth of hundreds of software tools available to modern CFOs. Moreover, we highlight notable launches and scaling of AI-native CFO tools backed by credentialed founders, for example: Una Software (FP&A), Everest Systems and Dual Entry (both ERP), and Light (accounting automation), to name just a few.
H2-2025 marks another very busy period for OCFO transaction activity, with more than 120 M&A and funding transactions recorded globally in the period. Two-thirds of M&A and growth equity funding activity globally was sponsor-led or sponsor-backed, indicating the important role the OCFO plays in investors' capital allocation. Notably, Europe has seen a number of prominent sponsor platform investments into SME-focused systems of record.
Our OCFO valuation and financing activity dashboard highlights the highly constructive deal and valuation environment sustained in the LTM period. Moreover, H2-2025 saw two OCFO software firms going public, namely JST ERP and NAVAN, while Hg announced an all-cash public tender offer for OneStream at the onset of 2026.
Our Sector Insights H2-2025 – The Office of the CFO report provides an in-depth market review, first-hand insights from exclusive interviews with executives of leading European OCFO companies, as well as detailed market maps, transaction data and valuation benchmarks.
To access the full analysis, download the report here: