BlackLine

FloQast is cheaper, but Blackline is more automated and facilitates comparability between periods because it stores historical information side by side with current periods, whereas FloQast really only provided tie-out functionality within Excel documents. Those Excel documents do not provide side by side comparisons.

I have not used any other products besides Blackline. My company did look at Oracle as well but felt Blackline was the better product.

BlackLine makes setting up matching rules much simpler. The data import wizard provides a simple, easy-to-follow interface for create recurring imports that allows for simple data prep. This wizard has been easier for our organization to train new users to manage vs other platforms.

Better depth of product. You can have specific items in account reconciliations besides just an Excel spreadsheet. This increases the visibility of account reconciliations. You can use the reporting functionality to view each of these items, and classify them (temporary timing, required adjustment, etc.).

This also does increase complexity. FloQast is definitely cheaper than Blackline, so it might work well for smaller organizations.

Our initial implementation of a solution in this space was with Trintech. It is also a very useful toolkit and automated our reconciliation and task management. There was also initially a substantial financial benefit to beginning with them. As we grew into the solution and began investigating a renewal, other players, including BlackLine, became far more competitive financially and we viewed the GUI to be a step up from what we had.

Vena and BlackLine essentially did the same thing in terms of account reconciliations. However, BlackLine is more of a household name and we had heard testimonial's from other similar companies who liked the product. Thus we did not want to take the risk of using a newer platform like Vena when we already knew that BlackLine would suffice for our needs.

We did not look into other products.

There is no JE capability in FloQast.

Accounting Everywhere: Cheap product with almost all the Blackline essential functionalities.
Oracle ARCS: More preferable for users already has ORACLE as ERP.

When we get BlackLine 6 years ago and then again after 3 years during the agreement renewal, we evaluated Oracle and Trintech and decided for BlackLine due to SAAS, easy of use, and rich features.

I don't know what other companies were evaluated if any. There was high support of BlackLine from multiple individuals, so we went with it.

I haven't used any other products and was using it when I first started here.

It's the best in its class. Competitors had equal pricing and less functionality.

Blackline offerings were much more robust than other products we looked at.

I have not tried other products, however, BlackLine seems like it is far superior to other products.

I have not used or evaluated any other products.

We primarily chose BlackLines because of the linkage between the modules to Compliance. This allowed us internal audit efficiency because we could pull our own support instead of going through the manual PBC list process.

BlackLine showed a commitment to continuous innovation and improvement of their product. We are on this accounting transformation journey for the long-haul and we need a business partner that is committed to finding solutions to our problems - Including our problems today and our problems next year. BlackLine has a deep support team and an extensive online training resource that assists with onboarding.

N/a

I did not implement BlackLine but it has been efficient in my experience.

Blackline is much more user friendly.

More mature, more robust, SOX compliant, secure, scalable, access control, multiple modules vs two

None

N/A- we only looked at BlackLine

During our due diligence process, we evaluated BlackLine and Trintech. Trintech at the time (5 years ago) was not nearly as advanced in product functionality as BlackLine was. There was really no comparison.