BlackLine vs. Odoo Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
BlackLine
Score 8.4 out of 10
N/A
BlackLine automates the the processes required to finalize periodic closing of the books. Beyond close/reconciliation management the product includes capabilities to enhance the management and control of financial processes throughout the accounting cycle. In October 2020, BlackLine acquired Rimilia, an AR automation solution. Rimilia's capabilities are now part of the BlackLine platform.N/A
Odoo Accounting
Score 7.5 out of 10
N/A
Odoo Accounting is designed to help companies manage their daily accounting with ease and simplicity. They even offer a global view of the state of their business at any time. All financial activities can be managed in one single app, with Odoo Accounting, as well as automation for primary day-to-day tasks. The Odoo app is synchronized with 24,000 banks, to make it easier to link a payment with a statement, based on the transaction in a bank account. Reconciliation can also be done…N/A
Pricing
BlackLineOdoo Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
BlackLineOdoo Accounting
Free Trial
NoYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Features
BlackLineOdoo Accounting
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
BlackLine
8.1
56 Ratings
2% below category average
Odoo Accounting
-
Ratings
Financial data consolidation7.624 Ratings00 Ratings
Journal entries and reports8.439 Ratings00 Ratings
Multi-currency management7.626 Ratings00 Ratings
Detailed Audit Trails8.750 Ratings00 Ratings
Customizable Workflows8.033 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
BlackLine
-
Ratings
Odoo Accounting
7.0
1 Ratings
7% below category average
Pay calculation00 Ratings7.01 Ratings
Reimbursement management00 Ratings7.01 Ratings
Security
Comparison of Security features of Product A and Product B
BlackLine
-
Ratings
Odoo Accounting
8.6
2 Ratings
9% above category average
Role-based user permissions00 Ratings8.62 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
BlackLine
-
Ratings
Odoo Accounting
9.1
2 Ratings
18% above category average
Dashboards00 Ratings8.62 Ratings
Standard reports00 Ratings8.62 Ratings
Custom reports00 Ratings10.01 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
BlackLine
-
Ratings
Odoo Accounting
8.6
2 Ratings
15% above category average
Accounts payable00 Ratings9.12 Ratings
Accounts receivable00 Ratings9.12 Ratings
Cash management00 Ratings9.12 Ratings
Bank reconciliation00 Ratings9.12 Ratings
Expense management00 Ratings9.12 Ratings
Fixed asset management00 Ratings8.01 Ratings
Multi-currency support00 Ratings9.12 Ratings
Self-service portal00 Ratings10.01 Ratings
Global Financial Support00 Ratings8.01 Ratings
Primary and Secondary Ledgers00 Ratings7.01 Ratings
Intercompany Accounting00 Ratings8.62 Ratings
Localizations00 Ratings8.62 Ratings
Journals and Reconciliations00 Ratings8.62 Ratings
Enterprise Accounting00 Ratings10.01 Ratings
Configurable Accounting00 Ratings9.12 Ratings
Centralized Rules Framework00 Ratings7.01 Ratings
Standardized Processes00 Ratings7.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
BlackLine
-
Ratings
Odoo Accounting
7.3
1 Ratings
4% above category average
Inventory tracking00 Ratings7.01 Ratings
Automatic reordering00 Ratings7.01 Ratings
Location management00 Ratings7.01 Ratings
Manufacturing module00 Ratings8.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
BlackLine
-
Ratings
Odoo Accounting
7.7
2 Ratings
4% above category average
Pricing00 Ratings8.01 Ratings
Order entry00 Ratings8.01 Ratings
Credit card processing00 Ratings8.62 Ratings
Cost of goods sold00 Ratings8.62 Ratings
End-to-end order visibility00 Ratings7.01 Ratings
Order exception Resolution00 Ratings6.01 Ratings
Customization
Comparison of Customization features of Product A and Product B
BlackLine
-
Ratings
Odoo Accounting
8.0
1 Ratings
13% above category average
Plug-ins00 Ratings8.01 Ratings
Best Alternatives
BlackLineOdoo Accounting
Small Businesses
Tipalti
Tipalti
Score 8.0 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
FloQast
FloQast
Score 9.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
FloQast
FloQast
Score 9.3 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
BlackLineOdoo Accounting
Likelihood to Recommend
8.9
(241 ratings)
9.5
(2 ratings)
Likelihood to Renew
9.1
(21 ratings)
-
(0 ratings)
Usability
8.1
(51 ratings)
9.1
(2 ratings)
Availability
9.1
(1 ratings)
-
(0 ratings)
Performance
9.1
(1 ratings)
-
(0 ratings)
Support Rating
8.7
(134 ratings)
8.1
(2 ratings)
Online Training
8.2
(2 ratings)
-
(0 ratings)
Implementation Rating
8.9
(7 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
BlackLineOdoo Accounting
Likelihood to Recommend
BlackLine
BlackLine has worked well for our companies, as we have a very old ERP system that is limited to what can be done within the system. Everything was done manually through Excel and binders to keep everything together, and each location had their own way of closing, so there was no consistency. It took longer to complete our close, and it created opportunities for a lack of separation of duties within the process. BlackLine has everything in one place, easy viewing of past months, strict separation of duties implemented (based on your specifications,) easy viewing for an auditor to get everything they need without a lot of hands on from the team, and works the same across all of our global locations, but in their local language and currency. BlackLine may not be a huge assist to those that have ERP systems that can handle doing the Recs, the JE's, the approvals, etc., all within its own system, as long as every location is on the same system. If they are all on different accounting systems, BlackLine can assist in providing consistency across all accounting locations, so processes can be the same no matter where they are located.
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Odoo
I found out that a tile store near me uses this app. Odoo Invoicing is well suited to most businesses. Perhaps somebody with very little accounting background would find it difficult to use. That said with customer support options and the online training videos they offer, this could be overcome in most cases.
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Pros
BlackLine
  • Saving time! Our manual process became automated the minute we "turned on" Blackline!
  • Focus! By saving time using Blackline, our employees are able to focus on other job responsibilities and profit-generation
  • Support! Blackline's support throughout our implementation and post-implementation has been exceptional. We always receive timely responses and get answers fast, when needed
  • User Friendly! Their system is very easy to navigate. Even individuals in our organization that don't like or embrace change said the transition to Blackline was smooth and painless
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Odoo
  • Simple and easy to use Integrated Accounting Software
  • Affordable subscriptions option for cost saving
  • Highly customizable options available
Read full review
Cons
BlackLine
  • Early functionality for Oracle users - a lot of the new products are only for use by SAP users.
  • Access to API data to improve the reporting of data out of BlackLine.
  • Ability to create reports in BlackLine across data sources.
  • Ability to email reports out of BlackLine (either ad-hoc or scheduled reports) as opposed to the current process of having the user access BlackLine to retrieve the report.
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Odoo
  • Synchronize Merchant Processor Accounts
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Likelihood to Renew
BlackLine
Because this is a great tool with many possibilities and cool perks. Plus, as an admin - because I am both user and admin - I can say that this is easy to handle, you don't even have to be able to write a single piece of code to do so
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Odoo
No answers on this topic
Usability
BlackLine
BlackLine could use a little work in getting around the system. The interface is not without its issues including lots of scrolling up and down and a lack of using the entire screen. Importing of the initial setup data could be better defined and reimporting data to add additional fields could pose an issue of overwriting data in a negative way.
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Odoo
I believe Odoo Accounting software is an easy-to-use, intuitive and user-friendly accounting software that can be available in both free community versions and enterprise versions. In terms of the software subscription cost-effectiveness and overall functionalities, Odoo Accounting will be a good choice for the small and medium businesses that want to change their existing legacy systems into a more modernized and cost-saving fully integrated cloud-based solution because of its user-friendly interface and easy to map with their existing business processes effectively.
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Reliability and Availability
BlackLine
We never experienced an outage with BlackLine. The only time the system was unavailable was during planned outages for updates and upgrades usually Friday evening after 6pm pst until Saturday morning at 6am pst.
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Odoo
No answers on this topic
Performance
BlackLine
BlackLine performs rather quickly considering the amount of data we were pushing in and out of it.
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Odoo
No answers on this topic
Support Rating
BlackLine
In my experience, the support team is beyond exceptional. They are incredibly knowledgeable and dedicated to the customer. You can expect prompt, professional and succinct responses. I have been working with the support team for BlackLine for more than ten years where I have been a customer four times. If anyone does Support right, it is definitely BlackLine. Not only can you trust your financials, but you can trust the team to support you through all your objectives!
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Odoo
Odoo has two forms of support.
  1. Success packs where you get a Single Point of Contact (SPoC). This is great.
  2. Free support tickets. This is not stellar, and is only applicable within the standard framework. They will not support customizations for free. That said, I have found that they generally can help me out.
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Online Training
BlackLine
Trainings are available for all topics on the BlackLine U portal. These were incredibly helpful when first starting with BlackLine to get the hang of it. Trainings are useful for any module. I have personally used this to teach myself how to use the tasks and variance modules, which are now fully utilized by my organization. The support team is also very helpful in training our team on anything additional we have needed.
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Odoo
No answers on this topic
Implementation Rating
BlackLine
You will have to meet up with your final users, approver, internal auditor and accounting policy holder. Everyone has to agree. When you have a well written process, workflow, policy, approval requirement, and control, your implementation process will be much easier
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Odoo
No answers on this topic
Alternatives Considered
BlackLine
I have not used any products similar to Blackline. However, Excel does offer many similar functionalities to Blackline in terms of reconciling accounts. Blackline offers many benefits over simply using Excel. The reconciliations are organized and easy to find, and they roll over each month on their own. They include the ability to auto-certify if they meet the criteria that your team selects. They also include an audit trail of documentation and approval for each step.
Read full review
Odoo
Odoo Accounting is a simple, easy-to-use, and user-friendly accounting solution in terms of cost efficiency and the knowledge to use it. Odoo has a wide range of applications available and very customizable according to its modular structure. In addition, it is not very complex to use for the users and will be familiar with the system interfaces within a short period.
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Scalability
BlackLine
After implementing BlackLine our company acquired another large company with multiple operations. We were able to use the COVID shutdown to bring them on board with BlackLine with little effort in the setup and training of the users.
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Odoo
No answers on this topic
Return on Investment
BlackLine
  • More insight into balance sheet account balances. Our team is more timely with getting errors fixed and monitoring important accounts.
  • The task management tool helps us ensure that we are completing all accruals and reviews each month. This has led to fewer errors and missing accruals.
  • Our use of BlackLine has greatly increased our efficiency by reducing manual work.
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Odoo
  • Low cost
  • More Automation
  • Centralized Management
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ScreenShots

Odoo Accounting Screenshots

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