# SEC and disclosure reporting: 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 a mid-market 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/

**Standing:** Workiva leads with 32% of first choices; verdict contested. 63 first choices across the direct, paraphrase, budget and scale prompts.

## First-choice share

| # | Product | Share | Negative rate | Labels |
|---|---|---|---|---|
| 1 | Workiva | 32% | 23% | 77 |
| 2 | DFIN ActiveDisclosure | 22% | 3% | 64 |
| 3 | Certent Disclosure Management | 22% | 2% | 47 |
| 4 | IRIS CARBON | 17% | 0% | 43 |
| 5 | Certent | 3% | 0% | 16 |
| 6 | Toppan Merrill Bridge | 0% | 3% | 31 |

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

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

## Sources the answers cite

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

- cfoshortlist.com: 61 answers, 124 citations
- houseblend.io: 56 answers, 103 citations
- gitnux.org: 37 answers, 55 citations
- zipdo.co: 34 answers, 51 citations
- dfinsolutions.com: 28 answers, 42 citations
- g2.com: 28 answers, 37 citations
- sec.gov: 27 answers, 70 citations
- worldmetrics.org: 25 answers, 43 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 (52 answers)
- https://cfoshortlist.com/reports/best-disclosure-management-software (48 answers)
- https://gitnux.org/best/sec-filing-software (27 answers)
- https://houseblend.io/articles/pdfs/sec-filing-software-platforms-pricing-compliance.pdf (25 answers)
- https://zipdo.co/best/sec-reporting-software (24 answers)
- https://grctools.net/best-disclosure-management-software-for-sec-reporting (22 answers)
- https://dfinsolutions.com/products/activedisclosure (19 answers)
- https://basedash.com/blog/best-financial-reporting-tools-compared-2026 (16 answers)
- https://insightsoftware.com/solutions/sec-reporting-software (16 answers)

## Warned against

- Workiva: 18 of 77 labels negative. "Avoid: Workiva ($40K-$300K+/year) unless you have enterprise needs" (MiniMax M2.5, budget prompt)
- EDGAR: 2 of 3 labels negative. "SEC's EDGAR System - AVOID" (GLM 4.7 FlashX, negative prompt)
- DFIN ActiveDisclosure: 2 of 64 labels negative. "Proceed with caution if you plan to do extensive, fast-paced table updates directly in the tool or manage complex, in-house XBRL tagging." (Gemini 3.5 Flash, negative prompt)
- CCH Tagetik: 1 of 2 labels negative. "Avoid "EPM-Attached" Disclosure Modules (Unless Already Fully Committed)" (Gemini 3.5 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.