I have used GIK acoustic panels, and it worked great. I have also used DSP using convolution filters remotely created by the acoustic guru behind this company.
Digital Room Calibration Services, Convolver, Headphone Filtersets
It was even better than the panels since there were a few options to tailor the sound.
I actually tossed the GIK panels when I moved to another room. Reason being is that I had the guru as my safety net in case the room was wonky. I was not concerned about the loss of the physical treatments.
Now the DSP I am suggesting is best done on a client such as ROON or JRiver and it will ONLY work on digital streaming, Not your TT or tuner. No analog. The computer to run this can be far away in another room and not near your audio gear.