# SEC and disclosure reporting for enterprise buyers: what AI models recommend, October 2026

Finance AI Recommendation Index, October 2026 Edition. Asked as "SEC and disclosure reporting platform" and as "disclosure management software for SEC filings", six framings each, to fourteen models with search on, on behalf of an enterprise B2B company. Added to the October 2026 Edition on October 4, 2026; its answers are read by the distilled judge (ai-indexes-judge-qwen3-14b-run3), not the claude-opus-5 judge of the earlier categories. Page: https://finance-ai-index.com/accounting/sec-and-disclosure-reporting/enterprise/

**Standing:** Workiva leads with 84% of first choices; verdict consensus. 55 first choices across the direct, paraphrase, budget and scale prompts.

## First-choice share

| # | Product | Share | Negative rate | Labels |
|---|---|---|---|---|
| 1 | Workiva | 84% | 9% | 79 |
| 2 | DFIN ActiveDisclosure | 9% | 4% | 67 |
| 3 | Certent Disclosure Management | 2% | 11% | 36 |
| 4 | Toppan Merrill Bridge | 2% | 13% | 39 |
| 5 | IRIS CARBON | 2% | 11% | 28 |
| 6 | Certent | 0% | 35% | 17 |

## Each model's first choice on the direct prompt

- Claude Haiku 4.5: Workiva; alternatives DFIN ActiveDisclosure, IRIS CARBON, SAP Disclosure Management, Toppan Merrill
- GPT-5.4 mini: Workiva; alternatives DFIN ActiveDisclosure, Nasdaq Lens
- Gemini 3.5 Flash: Workiva; alternatives Certent Disclosure Management, DFIN ActiveDisclosure, IRIS CARBON, Toppan Merrill Bridge
- Perplexity Sonar: Workiva; alternatives DFIN ActiveDisclosure
- Grok 4.1 Fast: Workiva; alternatives Certent, DFIN ActiveDisclosure, Toppan Merrill Bridge
- Mistral Small: Workiva
- DeepSeek V4 Flash: Workiva; alternatives Certent Disclosure Management, DFIN ActiveDisclosure
- Llama 4 Maverick: Workiva; alternatives ActiveDisclosure, RERegnology ESEF
- Qwen 3.7 Flash: Workiva; alternatives Certent Disclosure Management, DFIN ActiveDisclosure
- Kimi K2: Workiva; alternatives Certent Disclosure Management, DFIN ActiveDisclosure
- GLM 4.7 FlashX: Workiva; alternatives Certent Disclosure Management, DFIN ActiveDisclosure, Diligent SEC Filings
- MiniMax M2.5: Workiva; alternatives Certent Disclosure Management, DFIN ActiveDisclosure, Toppan Merrill Bridge
- GPT-6 Luna: Workiva; alternatives DFIN ActiveDisclosure, Toppan Merrill Bridge
- Muse Glimmer 30B: Workiva; alternatives Certent, DFIN ActiveDisclosure

## Sources the answers cite

80 of 84 answers came back with a source list, from 14 of 14 models. Sites named in the most answers:

- cfoshortlist.com: 59 answers, 110 citations
- houseblend.io: 56 answers, 110 citations
- dfinsolutions.com: 42 answers, 60 citations
- gitnux.org: 39 answers, 53 citations
- worldmetrics.org: 32 answers, 65 citations
- zipdo.co: 30 answers, 42 citations
- us.fitgap.com: 30 answers, 32 citations
- grctools.net: 26 answers, 26 citations

Pages named in the most answers:

- https://cfoshortlist.com/reports/sec-reporting-software (57 answers)
- https://houseblend.io/articles/sec-filing-software-platforms-pricing-compliance (54 answers)
- https://cfoshortlist.com/reports/best-disclosure-management-software (35 answers)
- https://gitnux.org/best/sec-filing-software (33 answers)
- https://us.fitgap.com/search/disclosure-management-software/enterprise (30 answers)
- https://dfinsolutions.com/products/activedisclosure (28 answers)
- https://grctools.net/best-disclosure-management-software-for-sec-reporting (26 answers)
- https://houseblend.io/articles/netsuite-sec-reporting-workiva-activedisclosure-certent (21 answers)
- https://houseblend.io/articles/pdfs/netsuite-sec-reporting-workiva-activedisclosure-certent.pdf (18 answers)
- https://basedash.com/blog/best-financial-reporting-tools-compared-2026 (17 answers)

## Warned against

- Certent: 6 of 17 labels negative. "User Experience (UX): Older interface; can feel sluggish. Check-in/check-out processes can be cumbersome for quick edits." (Qwen 3.7 Flash, negative prompt)
- Workiva: 7 of 79 labels negative. "While generally the market leader, there was a notable incident in May 2026 where EDGAR filings were not received for about 2 hours... challenges with permission management as teams grow" (MiniMax M2.5, negative prompt)
- Certent Disclosure Management: 4 of 36 labels negative. "lacks the "deepest" iXBRL automation and audit trail polish of leaders. Reviews highlight workflow rigidity for massive enterprises" (Grok 4.1 Fast, negative prompt)
- DFIN ActiveDisclosure: 3 of 67 labels negative. "Setup Complexity: Initial configuration can be difficult. Some users report occasional bugs in the XBRL tagging engine." (Qwen 3.7 Flash, negative prompt)

## Record

- Method: https://finance-ai-index.com/methodology/
- Raw judge labels and full responses: https://finance-ai-index.com/data/
- License: CC BY 4.0. Cite as Finance AI Recommendation Index, October 2026 Edition, finance-ai-index.com.