BlackLine vs. OneStream

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
BlackLine
Score 8.9 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
OneStream
Score 9.5 out of 10
Enterprise companies (1,001+ employees)
OneStream Software provides a finance platform that aims to reduce the complexity of financial operations. OneStream™ unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting, and analytics through a single, extensible solution. The vendor states their goal is to empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud…N/A
Pricing
BlackLineOneStream
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
BlackLineOneStream
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
More Pricing Information
Community Pulse
BlackLineOneStream
Considered Both Products
BlackLine

No answer on this topic

OneStream
Chose OneStream
Onestream was more scalable and seemed to be easier to implement, upgrade, and pricing was much better.
Top Pros
Top Cons
Features
BlackLineOneStream
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
BlackLine
9.0
2 Ratings
OneStream
9.4
20 Ratings
Journal entries and reports9.01 Ratings9.419 Ratings
Detailed Audit Trails9.01 Ratings9.219 Ratings
Financial data consolidation00 Ratings9.920 Ratings
Multi-currency management00 Ratings9.720 Ratings
Intercompany Eliminations00 Ratings9.318 Ratings
Minority Ownership00 Ratings8.915 Ratings
Local and consolidated reporting00 Ratings9.619 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.1
12 Ratings
Pixel Perfect reports00 Ratings8.69 Ratings
Customizable dashboards00 Ratings9.212 Ratings
Report Formatting Templates00 Ratings9.611 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.4
17 Ratings
Drill-down analysis00 Ratings9.116 Ratings
Formatting capabilities00 Ratings9.417 Ratings
Report sharing and collaboration00 Ratings9.517 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.3
15 Ratings
Publish to Web00 Ratings8.110 Ratings
Publish to PDF00 Ratings9.814 Ratings
Report Versioning00 Ratings9.712 Ratings
Report Delivery Scheduling00 Ratings9.514 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.0
14 Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings8.814 Ratings
Location Analytics / Geographic Visualization00 Ratings9.014 Ratings
Predictive Analytics00 Ratings9.112 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.7
17 Ratings
Multi-User Support (named login)00 Ratings9.617 Ratings
Role-Based Security Model00 Ratings9.617 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.617 Ratings
Single Sign-On (SSO)00 Ratings9.816 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
BlackLine
-
Ratings
OneStream
8.4
9 Ratings
Responsive Design for Web Access00 Ratings8.38 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings8.57 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.2
20 Ratings
Long-term financial planning00 Ratings9.319 Ratings
Financial budgeting00 Ratings9.319 Ratings
Forecasting00 Ratings9.118 Ratings
Scenario modeling00 Ratings8.817 Ratings
Management reporting00 Ratings9.520 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.4
20 Ratings
Financial Statement Reporting00 Ratings9.620 Ratings
Management Reporting00 Ratings9.620 Ratings
Excel-based Reporting00 Ratings9.719 Ratings
Automated board and financial reporting00 Ratings9.219 Ratings
XBRL support for regulatory filing00 Ratings9.11 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.2
18 Ratings
Personalized dashboards00 Ratings9.418 Ratings
Color-coded scorecards00 Ratings9.015 Ratings
KPIs00 Ratings9.416 Ratings
Cost and profitability analysis00 Ratings9.316 Ratings
Key Performance Indicator setting00 Ratings9.216 Ratings
Benchmarking with external data00 Ratings9.014 Ratings
Integration
Comparison of Integration features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.7
19 Ratings
Flat file integration00 Ratings9.919 Ratings
Excel data integration00 Ratings9.819 Ratings
Direct links to 3rd-party data sources00 Ratings9.519 Ratings
User Ratings
BlackLineOneStream
Likelihood to Recommend
9.2
(188 ratings)
9.7
(20 ratings)
Likelihood to Renew
9.1
(17 ratings)
-
(0 ratings)
Usability
8.6
(50 ratings)
8.0
(1 ratings)
Availability
9.1
(1 ratings)
-
(0 ratings)
Performance
9.1
(1 ratings)
-
(0 ratings)
Support Rating
7.3
(173 ratings)
10.0
(1 ratings)
Online Training
8.4
(2 ratings)
-
(0 ratings)
Implementation Rating
9.1
(10 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
BlackLineOneStream
Likelihood to Recommend
BlackLine
BlackLine is a very robust system and is capable of improving processes. However, it does take time and resource investments. If companies do not have the time and resources and are not willing to invest time and resources, this product will not solve their issues. This is an investment and can be an incredibly powerful tool; however, it won't do the work without guidance. The level of engagement and size of project may evolve over time, however, companies need to understand that it is not an overnight success, but the success that can be achieved in the long run is worth it. I also recommend working with a seasoned implementation partner on a new project. As a company develops the skills to lead the transformation, a partner may not be needed as much, but it is definitely recommended to start.
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OneStream Software LLC
When as an organization you have more than one finance processes that need to be on some technology platform, OneStream is a great fit. Be it consolidation & reporting, planning & budgeting, account recs, tax provisioning, close management, transaction matching, etc. all these areas are handled well in OneStream. The benefits accrue from a single place to manage master data, data, security, and quick learning for users as different workstreams are rolled out.
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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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OneStream Software LLC
  • Single product that does multiple tasks. No need to buy multiple products.
  • Great support.
  • Good consolidation engine built in.
  • Extensibility
  • net and C# based. Easy to write a range of simple to complex business rules.
  • Dashboarding
  • PDF reporting
  • Data Integration capable of importing data from simple csv files to importing data from source systems using API/SQL/etc.
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Cons
BlackLine
  • In the master journal entries, it would be nice if you could insert a line without having to rekey the entire entry over again.
  • Before I would have said the "to-do list" needed improvements, but now it is so easy to tell what I need to look at instead of searching each section for items.
  • It would be great if the "certify - next" worked on all reviews
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OneStream Software LLC
  • Dashboards are very useful to business users, but can be time consuming to build.
  • Best practice documentation, the product is evolving and is relatively new (about 10 years old) so best practices are still be developed and communicated to the OneStream community.
  • New product feature documentation and examples.
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Likelihood to Renew
BlackLine
BlackLine is invaluable to our close process. The time saved from moving paper and auto-certifying can be used for better review of the data. It allowed our CFO and Board of Directors to have confidence that our close process was timely and accurate.
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OneStream Software LLC
No answers on this topic
Usability
BlackLine
There are some processes that we currently use that cannot be done in BlackLine. Our users don't want to change their processes or learn new processes even though it would make their jobs easier. We have very few users who have adopted BlackLine fully, and management has not made it a requirement to use the application.
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OneStream Software LLC
Overall usability as an end-user is very easy. There are more people in the system getting information now than the prior platform used. People are gathering their information quicker as well. From an administrator standpoint, there are fewer glitches and issues than the prior platform. This is very good.
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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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OneStream Software LLC
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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OneStream Software LLC
No answers on this topic
Support Rating
BlackLine
My conversations with vendor representatives and our account managers have all been very positive. They provide solution suggestions that are tailored to our organization and requirements. Questions are answered quickly. The company seems genuinely interested in seeing our organization succeed, not only in the implementation and use of their product but also financially.
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OneStream Software LLC
OneStream is extremely responsive with support.
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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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OneStream Software LLC
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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OneStream Software LLC
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.
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OneStream Software LLC
OneStream is a much more powerful solution for us. Both products claim they can "do it all" but the OneStream XF Marketplace allows us limitless possibilities for what we can do - at a fraction of the implementation cost.
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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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OneStream Software LLC
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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OneStream Software LLC
  • Customers have moved from multiple EPM systems as well as multiple EPM applications to OneStream.
  • Their ROI has been quite high as lesser admins are required, no need to move data back & forth, no need for an additional dashboarding / BI tool, once a user is on OneStream can leverage it for more than 50+ use cases at no additional license cost.
  • Automation, direct integration, scheduling, complex calculation capabilities, all help to further improve ROI and free up the time for the team to do value-adding tasks.
  • Last but not the least is the confidence on the numbers is much higher.
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