BlackLine vs. OneStream

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
OneStream
Score 8.3 out of 10
Enterprise companies (1,001+ employees)
OneStream Software provides a finance platform that aims to reduce the complexity of financial operations. OneStream™ supports 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. It is a cloud platform designed to…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
Entry-level Setup FeeNo setup feeRequired
Additional DetailsThe solution is only for Enterprises. Pricing for software is based on number of total users and one user gets all software functionality. Implementation would be based on what business problem or problems the solution will be used to solve, such as financial consolidation and reporting or planning or account reconciliations, etc.
More Pricing Information
Community Pulse
BlackLineOneStream
Considered Both Products
BlackLine
Chose BlackLine
BlackLine is User friendly which is major and attracts the end user easily to thier comfort.

As a whole when it comes to matching and task management its a quick win among the users because it just drives the process on its own.
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
8.1
56 Ratings
2% below category average
OneStream
9.1
32 Ratings
12% above category average
Financial data consolidation7.624 Ratings9.832 Ratings
Journal entries and reports8.439 Ratings8.330 Ratings
Multi-currency management7.626 Ratings8.930 Ratings
Detailed Audit Trails8.750 Ratings9.031 Ratings
Customizable Workflows8.033 Ratings00 Ratings
Intercompany Eliminations00 Ratings9.330 Ratings
Minority Ownership00 Ratings8.925 Ratings
Local and consolidated reporting00 Ratings9.531 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
BlackLine
-
Ratings
OneStream
8.7
21 Ratings
8% above category average
Pixel Perfect reports00 Ratings8.217 Ratings
Customizable dashboards00 Ratings8.721 Ratings
Report Formatting Templates00 Ratings9.019 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
BlackLine
-
Ratings
OneStream
8.4
29 Ratings
2% above category average
Drill-down analysis00 Ratings7.928 Ratings
Formatting capabilities00 Ratings8.429 Ratings
Report sharing and collaboration00 Ratings8.828 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
BlackLine
-
Ratings
OneStream
8.1
27 Ratings
1% below category average
Publish to Web00 Ratings7.517 Ratings
Publish to PDF00 Ratings9.426 Ratings
Report Versioning00 Ratings7.722 Ratings
Report Delivery Scheduling00 Ratings7.826 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
BlackLine
-
Ratings
OneStream
8.3
24 Ratings
9% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings8.024 Ratings
Location Analytics / Geographic Visualization00 Ratings8.624 Ratings
Predictive Analytics00 Ratings8.319 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.1
29 Ratings
4% above category average
Multi-User Support (named login)00 Ratings9.429 Ratings
Role-Based Security Model00 Ratings9.229 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.029 Ratings
Report-Level Access Control00 Ratings8.26 Ratings
Single Sign-On (SSO)00 Ratings9.928 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
BlackLine
-
Ratings
OneStream
7.2
14 Ratings
10% below category average
Responsive Design for Web Access00 Ratings7.512 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings6.911 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
BlackLine
-
Ratings
OneStream
8.1
32 Ratings
3% below category average
Long-term financial planning00 Ratings8.230 Ratings
Financial budgeting00 Ratings7.930 Ratings
Forecasting00 Ratings7.729 Ratings
Scenario modeling00 Ratings7.528 Ratings
Management reporting00 Ratings9.232 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
BlackLine
-
Ratings
OneStream
8.9
32 Ratings
8% above category average
Financial Statement Reporting00 Ratings9.232 Ratings
Management Reporting00 Ratings9.232 Ratings
Excel-based Reporting00 Ratings8.631 Ratings
Automated board and financial reporting00 Ratings8.331 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
8.8
30 Ratings
9% above category average
Personalized dashboards00 Ratings9.330 Ratings
Color-coded scorecards00 Ratings8.926 Ratings
KPIs00 Ratings8.727 Ratings
Cost and profitability analysis00 Ratings8.826 Ratings
Key Performance Indicator setting00 Ratings8.325 Ratings
Benchmarking with external data00 Ratings8.621 Ratings
Integration
Comparison of Integration features of Product A and Product B
BlackLine
-
Ratings
OneStream
9.4
31 Ratings
12% above category average
Flat file integration00 Ratings10.031 Ratings
Excel data integration00 Ratings9.331 Ratings
Direct links to 3rd-party data sources00 Ratings8.931 Ratings
Best Alternatives
BlackLineOneStream
Small Businesses
Tipalti
Tipalti
Score 8.0 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Medium-sized Companies
FloQast
FloQast
Score 9.3 out of 10
Centage
Centage
Score 9.6 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
BlackLineOneStream
Likelihood to Recommend
8.9
(241 ratings)
9.6
(32 ratings)
Likelihood to Renew
9.1
(21 ratings)
8.1
(3 ratings)
Usability
8.1
(51 ratings)
8.2
(3 ratings)
Availability
9.1
(1 ratings)
-
(0 ratings)
Performance
9.1
(1 ratings)
-
(0 ratings)
Support Rating
8.7
(134 ratings)
6.8
(3 ratings)
Online Training
8.2
(2 ratings)
6.4
(1 ratings)
Implementation Rating
8.9
(7 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
BlackLineOneStream
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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OneStream Software LLC
OneStream is best suited for medium to large companies that find themselves doing a wide variety of manual processes during their financial close cycle will get the most benefit. That does mean a lot of change so there has to be very intentional communication around change management in order to get the buy in that is necessary for success.
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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
  • With OneStream’s Account Reconciliation solution, the finance team can now see an overview of their reconciliations which saved a significant amount of time as compared to navigating through spreadsheets.
  • OneStream allows much detailed transactional level data (with millions of transactions) from integrated source systems to be consolidated right up to the highest level with drill-down capabilities providing a detailed audit trail as well as full transparency across the organizational hierarchy. This was the biggest benefit as to why OneStream was the preferred choice.
  • The native dashboarding capabilities allowed the company to replace their standalone BI tool with dashboards within OneStream.
  • Analytical blend capabilities provided risk management and risk governance capabilities which before this was not possible for the customer.
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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OneStream Software LLC
  • Provide some more prebuilt dashboards that serve as reference examples for specific topics, to allow users to gain an idea of all that is possible
  • Provide some clear cut explanations to explain some of the standard concepts, to allow companies that start their implementation to gain a quick understanding of how things work
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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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OneStream Software LLC
Currently we are using OneStream with people 80 - 100 to load the PL, BS , Forecast budget and People Planning. OneStream give us more visibility on trend and way forward thinking. Thanks to OneStream for the tool which helps the business in growing way. Thinking of innovation OneStream is right path.
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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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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
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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OneStream Software LLC
OneStream support is focused on the infrastructure. Which means mainly when there issues with accessing to the system, they will be able to help. When the question is to much leaning towards functional it really becomes billable. The other issue is that the response time is not optimal. There is a lot of pingpong of messages and the time between the message can sometimes be long. Sometimes this result into a simple ticket to be taking days before it is closed.
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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
onestream offers a range of training. I have attended a number of trainings. During the trainings a vast amount of information is discussed. The trainings also include exercises. The speed of the training is pretty high. When reviewing the training material afterwards, I found that the material is not complete as reference as it relies also very much on the verbal explanation and elaboration.
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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
  • The close process timeline was cut by nearly half. On quarter closes, we no have earnings release within 3 weeks of close.
  • Implementation should be done with a good partner who understands best practices and capabilities. Not going this route will decrease ROI.
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ScreenShots

OneStream Screenshots

Screenshot of OneStream DashboardScreenshot of Profitability AnalysisScreenshot of Product and Customer ProfitabilityScreenshot of Account ReconciliationsScreenshot of Cash PlanningScreenshot of Financial Signaling