BlackLine

I have not used any of the other products, but we did evaluate them during our discovery phase. BlackLine was the "Cadillac" of the product offerings. You could get a similar product, and maybe even at a lower cost, but we wanted the best of the best, and that's what BlackLine is. We wanted a product that we could grow into, rather than a product we would outgrow over time as our organization grows. We have only touched the surface with BlackLine so far, and we've already reaped the benefits.

Blackline was much more intuitive and easy to use.

I was not involved in the selection process

I have not used any other products similar to BlackLine. Just have used spreadsheets to track monthly processes

N/A

We did not evaluate other products when implementing BlackLine. The decision was made primarily by our Financial Controller who used BlackLine at a previous company.

FloQast may have a better user interface with a couple better features, but Blackline lined up more with our budget. The more simple user interface could also be a positive for Blackline for some organizations. Asana was only used for task management, but we needed an account reconciliation module too, so the bundle just made perfect sense.

I do not have experience with other products similar to BlackLine.

BlackLine is the only tool I have used in this space

-Blackline is more interactive, better functionality
-Both are cloud-based and comparable to each other
-Blackline has more accounting capabilities

I have not used other products.

We have not used other products to be able to do a comparison

I have not tried other systems.

At the time, FloQast did not have the tasks function, which was important to us as we maintained our close process in an excel checklist. We were not able to know timely if all steps were completed.

I haven't used similar products in the past, our reconciliations used to be prepared internally in Excel.

None

We are currently using AuditBoard over BlackLine Compliance. It is mainly due to Compliance was introduced to us after AuditBoard was already been implimented and used.

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.

BlackLine is a user friendly product vs using the existing ERP for journals. Dashboards, reporting, easy of customization, and administration is owned by Finance vs GIS.

BlackLine has more internal control and matching module stands out.

BlackLine seamlessly aligns with our ERP systems and future technology, which was a key feature we were looking for. We were able to have the whole implementation process completed in a six month timeframe which was critical as well. BlackLine is able to perform all required service billing allocation processes and retains billing support details in one place.

I found this tool truly helpful and best as it meets our organization's all needs fully. The best thing is that it streamlines account reconciliations by centralizing all data in one location. Now our managers can easily maintain track of the monthly financial closing procedure efficiently that is why I took this tool among others. I also tried the other two tools but according to our requirements, BlackLine is the best solution ever.

More user friendly and streamlined.

Prior to BlackLine or process was manual. Manual journal entries, manual approval, manual account reconciliations. This was time-consuming and not productive. Blackline has removed the need for monthly/yearly stacks of binders and paper. All backup can be added directly into the system; if there is not enough information, then the approver just kicks it back.