# SEC and disclosure reporting: what AI models recommend, November 2026

Gane Index, November 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 November 2026 Edition. Page: https://www.gane.ai/index/finance/accounting/sec-and-disclosure-reporting

**Standing:** Certent Disclosure Management (tied with Workiva) leads with 27% of first choices; verdict contested. 62 first choices across the direct, paraphrase, budget and scale prompts.

## First-choice share

| Rank | Product | Share | Negative rate | Labels |
|---|---|---|---|---|
| 1 | [Certent Disclosure Management](https://www.gane.ai/index/finance/vendors/certent-disclosure-management/index.md) | 27% | 2% | 58 |
| 2 | [Workiva](https://www.gane.ai/index/finance/vendors/workiva/index.md) | 27% | 26% | 68 |
| 3 | [DFIN ActiveDisclosure](https://www.gane.ai/index/finance/vendors/dfin-activedisclosure/index.md) | 26% | 5% | 66 |
| 4 | [IRIS CARBON](https://www.gane.ai/index/finance/vendors/iris-carbon/index.md) | 16% | 2% | 42 |
| 7 | [Toppan Merrill Bridge](https://www.gane.ai/index/finance/vendors/toppan-merrill-bridge/index.md) | 0% | 7% | 43 |
| 8 | [CCH Tagetik](https://www.gane.ai/index/finance/vendors/cch-tagetik/index.md) | 0% | 9% | 11 |

Rank is by share of first choices among all 77 products named; products with the same share are tied, and the order among them carries no meaning. The table lists those with at least 10 labels.

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

- Claude Haiku 4.5: Certent Disclosure Management; alternatives DFIN ActiveDisclosure, IRIS CARBON
- GPT-5.4 mini: Workiva; alternatives DFIN ActiveDisclosure, Toppan Merrill Bridge
- Gemini 3.5 Flash: DFIN ActiveDisclosure; alternatives Certent Disclosure Management, Toppan Merrill Bridge, Workiva
- Perplexity Sonar: DFIN ActiveDisclosure; alternatives Certent Disclosure Management, Workiva
- Grok 4.20: Certent Disclosure Management; alternatives DFIN ActiveDisclosure, IRIS CARBON, Workiva
- Mistral Small: Workiva; alternatives Certent Disclosure Management, DFIN ActiveDisclosure, IRIS CARBON
- DeepSeek V4 Flash: Certent Disclosure Management, Workiva; alternatives DFIN ActiveDisclosure, Toppan Merrill Bridge
- Llama 4 Maverick: DFIN ActiveDisclosure, Workiva
- Qwen 3.7 Flash: Certent Disclosure Management; alternatives Toppan Merrill Bridge, Workiva
- Kimi K2: DFIN ActiveDisclosure; alternatives Certent Disclosure Management
- GLM 4.7 FlashX: DFIN ActiveDisclosure; alternatives Certent Disclosure Management, Workiva
- MiniMax M2.5: Workiva; alternatives DFIN ActiveDisclosure, EdgarAgents
- GPT-6 Luna: DFIN ActiveDisclosure; alternatives Workiva
- Muse Glimmer 30B: Certent Disclosure Management, IRIS CARBON; alternatives DFIN ActiveDisclosure

## Sources the answers cite

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

- cfoshortlist.com: 60 answers, 136 citations
- houseblend.io: 44 answers, 77 citations
- dfinsolutions.com: 38 answers, 50 citations
- sec.gov: 33 answers, 115 citations
- g2.com: 21 answers, 31 citations
- workiva.com: 20 answers, 22 citations
- toppanmerrill.com: 17 answers, 26 citations
- iriscarbon.com: 16 answers, 30 citations

Pages named in the most answers:

- https://cfoshortlist.com/reports/best-disclosure-management-software (54 answers)
- https://cfoshortlist.com/reports/sec-reporting-software (46 answers)
- https://houseblend.io/articles/sec-filing-software-platforms-pricing-compliance (32 answers)
- https://cfoshortlist.com/reports/regulatory-reporting-software (24 answers)
- https://houseblend.io/articles/pdfs/sec-filing-software-platforms-pricing-compliance-08abc514a3c2fcc9.pdf (19 answers)
- https://dfinsolutions.com/products/activedisclosure (18 answers)
- https://workiva.com/solutions/sec-reporting (16 answers)
- https://prophix.com/blog/disclosure-management-software (15 answers)
- https://insightsoftware.com/solutions/sec-reporting-software (14 answers)
- https://cfoshortlist.com/reports/workiva-alternatives (10 answers)

## Warned against

- Workiva: 18 of 68 labels negative. "What to Avoid with Limited Budgets: ... Workiva | $40,000 - $300,000+ | Premium pricing accumulates" (Kimi K2, budget prompt)
- Toppan Merrill Bridge: 3 of 43 labels negative. "What to Avoid with Limited Budgets ... Toppan Merrill Bridge | Higher-end | Priced for companies wanting dedicated consultant support" (Kimi K2, budget prompt)
- DFIN ActiveDisclosure: 3 of 66 labels negative. "Avoid for Tight Budgets: ... DFIN ActiveDisclosure (capable with expert services but higher-end)" (Grok 4.20, budget prompt)
- CMTrading: 1 of 1 labels negative. "Examples include platforms like CMTrading and various unnamed crypto trading sites that have been targeted in recent crackdowns." (Mistral Small, negative prompt)

## Movement since October 2026

Floor: 10 points of share, measured on the calibration repeat.
New leader: Workiva (32%) to Certent Disclosure Management (27%). Margin 0 points, within noise.

- Workiva: 32% to 27%, −5. Inside the floor by 5 points · rank 1 → 2 of 77.
- DFIN ActiveDisclosure: 22% to 26%, +4. Inside the floor by 6 points · rank 3 of 77, unchanged.
- Certent Disclosure Management: 25% to 27%, +2. Inside the floor by 8 points · rank 2 → 1 of 77.
- IRIS CARBON: 17% to 16%, −1. Inside the floor by 9 points · rank 4 of 77, unchanged.
- Toppan Merrill Bridge: 0% to 0%, ±0. Inside the floor by 10 points · rank 7 of 77, unchanged.
- CCH Tagetik: 0% to 0%, ±0. Inside the floor by 10 points · rank 51 → 8 of 77.

## Record

- Method: https://www.gane.ai/index/finance/methodology
- License: CC BY 4.0. Cite as Gane Index, November 2026 Edition, www.gane.ai/index/finance.