Looking to investigate Greenly alternatives?
Changing regulatory requirements and increased data complexity could be just a couple of reasons to look for a Greenly competitor that’s better tailored to your needs.
But why should you think twice about Greenly in the first place?
The Greenly tool is a popular sustainability management solution. But it’s not the right fit for every organization. Common motives for opting for a Greenly competitor include:
- You’re planning on relying more on automation and AI-based data processing
- You need to create more complex reports and get audit-friendly results
- You’re looking for stronger integrations with financial, risk, or operations management third-party apps
- You want more options to customize in-app onboarding, team support, or industry-specific features
We’ll take a closer look at five top Greenly alternatives so you can see how they compare for specific use cases.
Tracera
Tracera is quickly becoming the best-in-class Greenly alternative, especially for companies looking for ways to automate and simplify as much of their data management as possible. Tracera relies on state-of-the-art AI to automate data collection, extraction, anomaly detection, and reporting across all leading sustainability frameworks.
Who should use Tracera?
It’s perfect for enterprises as well as rapidly growing organizations that want to reduce manual effort, increase auditability, and future-proof their sustainability reporting.
Tracera is also a good fit for teams that need a single source of truth for their sustainability data and a more advanced level of automation.
Key features:
- AI-powered data capture: Automate fetching from invoices, HR systems, ERP, supplier data, and more, saving hours of manual work.
- Audit-ready reporting: Automatically create exportable reports supporting external reviews to ensure compliance and transparency.
- Scope 1-2-3 emissions: Calculate and track every emissions category with advanced machine learning algorithms for emission factor matching.
- Cross-framework automation: Populate data between the various reporting frameworks to avoid data duplication.
- Compliance tool for CSRD, California, and other frameworks and regulations: Ensure stress-free compliance with the CSRD and other prominent sustainability reporting standards and frameworks.
- User-friendly interface: Enjoy an intuitive and easy-to-use tool, you won’t need a tech background or extra skills to get started.
- Expert support: Get expert assistance with materiality assessment, gap analysis, and data auditing.
Lucanet
Lucanet is a strong competitor to Greenly for the companies that want to merge financial and non-financial data to provide full reports. The platform comes with strong data consolidation, budgeting, and forecasting functionalities.
Who should use Lucanet?
Among tools like Greenly, Lucanet stands out for businesses with complex entity groups or those looking to align sustainability metrics with financial performance.
Key features:
- Easy to learn: Comes with a friendly user interface and easy-to-follow online help tutorials included in the software.
- Financial and nonfinancial reporting: Integrates sustainability information and financial figures into financial reports.
- Scenario planning: You can use this to prepare a budget, forecast, and variance analysis — all of which support objective decision-making.
- Data collection capabilities: Supports data collection from both subsidiaries and business units.
- Integrations: Compatible with ERP systems like SAP Business One.
Coolset
Coolset is another Greenly alternative for mid-sized businesses that are just getting started on their sustainability and environmental efforts.
Who should use Coolset?
It’s ideal for EU mid-market companies, with its strongest presence in the Benelux and Nordics.
Key features:
- Automatic data ingestion: Coolset is one of the Greenly alternatives (like Tracera) that comes with strong automation capabilities, so you can connect directly to Excel or your accounting software to simplify carbon calculations.
- Scope 1-2-3 coverage: Delivers complete emission measurement using a combination of spend-based and activity-based methods.
- Scenario builder: Simulates reduction scenarios and investigates sustainable options through the included marketplace.
- CSRD compliance: Helps navigate double materiality assessments, ESRS topic disclosures, and audit-ready reporting.
- Personalized in-app onboarding: Provides high-touch onboarding and continued support without additional cost.
Workiva
Workiva is one of the Greenly competitors you’d turn to when you need collaborative reporting. In fact, both Tracera and Workiva come with strong collaborative capabilities to support enterprise customers with complex data collection, audit, and reporting requirements.
Who should use Workiva?
It’s a good pick for organizations that juggle complex, multi-party reporting needs or those who need strong collaboration, audit, and compliance features coupled with financial reporting.
Key features:
- Collaboration: Multiple users can work on the same documents at the same time and avoid errors and version complexity.
- Data links: Whenever you make a change in one form, it will automatically be applied to linked reports, keeping all reports consistent.
- Audit trails: Keep a record of all changes for transparency and accountability.
- Flexible templates: Use these to accommodate diverse reporting types (including regulatory and sustainability reporting).
- Integrations: Integrates with multiple data sources and offers workflow management.
- Support and training: Provides good support via live chat, webinars, and extra documentation.
Sphera
Sphera is a highly configurable Greenly alternative built for companies that want to take a holistic approach to managing sustainability, risk, and compliance. You can adapt this to any number of use cases, from incident management to supplier risk, operational management, and sustainability reporting.
Who should use Sphera?
Best for those who need a scalable and flexible platform that helps them focus on the use cases they have at any given time. That said, this Greenly competitor expands into much more diverse use cases than Greenly but it comes with a corresponding price tag.
Key features:
- Customizable design: Choose to work with the modules you need.
- Ad-hoc reporting: Use it to design sets of custom reports and dashboards to fit the needs of individuals and groups of stakeholders.
- Integrations: Integrates with other databases and systems to ensure smooth data transfer.
- Audit compliance capabilities: Manages audit trails, corrective actions, and regulatory changes.
Struggling to pick just one? Try this instead!
Of these, Tracera is particularly notable for its automation capabilities that rely on AI for data extraction. We built Tracera to help you avoid manual work and increase the efficiency of reporting while your teams get a single source of truth for all of your sustainability data.
But don’t worry: Our experts are here to help every step of the way from data extraction to analysis and reporting.
Ultimately, the best Greenly alternative for you will depend on the size of your organization, relevant use cases, your data complexity, and the automation you require.
For those who want to take the guesswork out of achieving hyper-integrated, auditable, and scalable sustainability reporting, Tracera is an appealing choice that will take your organization to the next level.
Book your free demo and see how you can stay ahead of the curve in corporate sustainability!