BlackLine = Best in class
November 20, 2020
BlackLine = Best in class
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with BlackLine
BlackLine is used by the Finance and Accounting department as a tool to help solve the lack of visibility and accountability around month-end closes, particularly in the close tasks and close reconciliation areas. Tasks keep everyone accountable for their own portions of month-end close, and gives visibility not only to their managers, but also the executives. Account reconciliations can be as simple or complex as you want to make it.
- Depth of product/solution.
- Great customer support.
- Amazing audit support.
- Pricing - best in class product comes with highest price tag.
- Maintenance can be a bit much if there is no dedicated resource.
- Better accountability.
- Better visibility.
- More automation, less manual tasks.
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.
This also does increase complexity. FloQast is definitely cheaper than Blackline, so it might work well for smaller organizations.
Do you think BlackLine delivers good value for the price?
Not sure
Are you happy with BlackLine's feature set?
Yes
Did BlackLine live up to sales and marketing promises?
Yes
Did implementation of BlackLine go as expected?
Yes
Would you buy BlackLine again?
Yes