BlackLine vs. FloQast

BlackLine

360 Reviews and Ratings

FloQast

212 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
BlackLine	Score8.8 out of 10	N/A	BlackLine's cloud-based financial operations management platform unifyies data and processes, automating repetitive tasks and enhancing accountability. BlackLine solutions for financial close, accounts receivable, and intercompany accounting support large enterprises and midsize companies.	N/A
FloQast	Score9.5 out of 10	Mid-Size Companies (51-1,000 employees)	FloQast offers their financial close software to streamline accounting month end close, simply providing automation around reconciliation and eliminating human error, and visibility via a close status dashboard, as well as providing a complete audit trail.	N/A

Pricing

BlackLine

FloQast

No answers on this topic

No answers on this topic

Pricing Offerings
BlackLine	FloQast
Free Trial
No	No
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	No

No setup fee

Required

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Community Pulse
Key User Insights
	BlackLine	FloQast
Considered Both Products	BlackLine Verified User Chose BlackLine BlackLine's functionality is richer and broader. However, it is not as user-friendly as FloQast. I wish BlackLine would take on re-platforming the User Interface and Experience as a major initiative. This will enable BlackLine to explore new market segments such has High Tech … Incentivized Helpful? Verified User Chose BlackLine FloQast has better UI and user friendly. Also, you don't need separate business admin. Incentivized Helpful? Verified User Chose BlackLine BlackLine is a far more robust tool and superior tool than FloQast. But is definitely harder to implement and get started on. Overall better Incentivized Helpful? Verified User Chose BlackLine BlackLine seems more established, FloQast seems very user friendly with excel-based hashtags. Incentivized Helpful? Verified User Chose BlackLine We also assessed the FloQast platform. We felt BlackLine offers more functionality which is why we chose the platform. FloQast was limited in what they offered and also did not automate reconciliations greatly as they would still be completed in Excel. BlackLine also has many … Incentivized Helpful? Eric Wong Senior Accounting Manager in Finance and Accounting at Extreme Reach Inc. (Information Technology & Services, 501-1000 employees) Chose BlackLine 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. Incentivized Helpful? Anitra Myrick Chief Financial Officer in Finance and Accounting at Choices Coordinated Care Solutions (Civic & Social Organization, 201-500 employees) Chose BlackLine Blackline outperformed both FloQast and Vena in our RFP. The staff felt that Blackline was the most user-friendly. Both FloQast and Vena try to sell you on linking to already saved documents instead of saving documents onto their systems. They're both more of an Excel … Incentivized Helpful? Michael Restuccia Sr. Manager, Corporate Accounting in Finance and Accounting at Covanta Energy, LLC (Environmental Services, 1001-5000 employees) Chose BlackLine For FloQast, the answer is easy as they have built their platform around integration with existing Excel workbooks which is exactly what we were trying to get away from. Cadency has a lot of similarities to BlackLine and in some areas it had a more fluid UI experience however … Incentivized Helpful? Verified User Chose 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 … Incentivized Helpful? Verified User Chose BlackLine 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, … Incentivized Helpful? charlotte leblanc CAO (Chief Accounting Officer) in Finance and Accounting at prospective - Alignment (Health, Wellness and Fitness, 501-1000 employees) Chose BlackLine There is no JE capability in FloQast. Incentivized Helpful? Verified User Chose BlackLine At the time of evaluation, FloQast just offered a web system that effectively did what we were already doing. It provided the ability to be SOX compliant which we didn't really need. Blackline offers a level of automation and integration unparalleled in the industry. We … Incentivized Helpful? Verified User Chose BlackLine Both are great products and I’ve used both. Successfully implemented FloQast to great success. Looking at the BlackLine approach currently due to size and complexity and my desire to build a best-in-class shop with appropriate scale and the potential for further enhancements … Incentivized Helpful? Verified User Chose BlackLine so far from BlackLine. BlackLine has waaaayyyy more features and functionality. Incentivized Helpful? Verified User Chose BlackLine We have a connection and relationship with someone at BlackLine. Incentivized Helpful? Verified User Chose BlackLine BlackLine was more robust and well put together than competitors. The yearly 100M reinvestment into their product is a big selling point. Incentivized Helpful? Verified User Chose BlackLine BlackLine lacked nothing in capabilities compared to the competition and was best in class in the categories that meant most to us: transaction matching, partnership approach, data integration, price Incentivized Helpful? Verified User Chose BlackLine BlackLine seems to have been in the business longer, and the product is more sophisticated. Incentivized Helpful? Cory VinsonVestal VP Finance Corporate Controller in Finance and Accounting at MedPOINT Management (Hospital & Health Care, 1001-5000 employees) Chose BlackLine We selected BlackLine because of the all in package that they quoted us versus having to build a comprehensive package that others were quoting us. The team also likes the number of banks that could be integrated with BlackLine. Incentivized Helpful? Verified User Chose 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 … Incentivized Helpful? Christopher Boutros Senior Accountant/Financial Systems Administrator in Finance and Accounting at Cypress Creek Renewables (Utilities, 201-500 employees) Chose BlackLine Oracle Consolidations and Close has been evaluated, but it is significantly harder to get set up and easier to break. Incentivized Helpful? Verified User Chose BlackLine BlackLine has more internal control and matching module stands out. Incentivized Helpful? Verified User Chose BlackLine More mature, more robust, SOX compliant, secure, scalable, access control, multiple modules vs two Incentivized Helpful? Lisa L in Finance and Accounting at Penumbra (Hospital & Health Care, 1001-5000 employees) Chose BlackLine user experience and customer service was better. Pricing was also favorable with the additional features. Account manager for our company is proactive in working with us, getting full attention. Great support and recommendations on how to implement other features of the … Incentivized Helpful?	FloQast Jeff Diedrich VP, Controller in Finance and Accounting at Libra Solutions (Financial Services, 501-1000 employees) Chose FloQast We started with BlackLine and after a year and limited adoption across the accounting team, changed to FloQast. We had numerous reasons, including difficulty in working with the BlackLine standard reconciliation, time needed to complete the set up for automatic reconciliation … Incentivized Helpful? Verified User Chose FloQast We use Netsuite for our main GL and reporting ERP. BlackLine was much more expensive and we went with FloQast. Incentivized Helpful? Verified User Chose FloQast The User Interface and implementation were the key drivers for choosing FloQast compared to BlackLine. Incentivized Helpful? Derek Mernagh CAO (Chief Accounting Officer) in Finance and Accounting at Motive (Information Technology & Services, 1001-5000 employees) Chose FloQast We found that FloQast fit well into our existing close process and made it much more efficient. Other rooms, such as BlackLine, required a longer and more costly implementation. It also required the use of their reconciliation formats. We did not see the value in that … Incentivized Helpful? Verified User Chose FloQast I used BlackLine many years ago but found it to be a waste of time. I didn't like being required to use the BlackLine format for reconciliations. The one size fits all mentality never quite works out when it comes to accounting - every business does things a little differently. … Incentivized Helpful? Devon Hopkins Controller in Finance and Accounting at Automox (Information Technology & Services, 201-500 employees) Chose FloQast We evaluated BlackLine along with FloQast and ultimately decided to sign up with FloQast. Our team really liked the ability to leverage their existing Excel reconciliation templates that could link to the FloQast user interface. Comparatively, the pre-made reconciliation … Incentivized Helpful? Verified User Chose FloQast We evaluated BlackLine when we were considering Floqast. Although BlackLine is very robust and feature rich it was not right for us at the time of our review. We chose Floqast because: 1. It was simple to set up. We were up in running in a few weeks as compared to the 6 month … Incentivized Helpful? Verified User Chose FloQast FloQast provides support without getting in the way of the process (at the time of considering options, BlackLine got in the way with required journal entry park and post steps). It allows for enough flexibility to adjust between team members for sharing coverage in a small … Incentivized Helpful? Verified User Chose FloQast FloQast and BlackLine were very similar and the reason we went with FloQast was the ability to work with Google Drive and the lower time to implement. Incentivized Helpful? Verified User Chose FloQast I like both- I do like that BlackLine forces people to enter reconciliation lines in the actual module, versus just uploading an excel. However I like that FQ allows you to add review notes, and the review notes will email directly to people. Incentivized Helpful? Jesus Rosales Accounting Manager in Corporate at C3 AI (Accounting, 501-1000 employees) Chose FloQast We moved from BlackLine to Floqast as the interface was a lot more user-friendly. Incentivized Helpful? Verified User Chose FloQast Chalk and Cheese! BlackLine took months to implement with little adoption from our users, FloQast was an easy painless implementation, and it was very quickly adopted by our users. FloQast is also so flexible and doesn't require a lot of admin to manage the reconciliation … Incentivized Helpful? Bryan W. Wright, CPA Controller in Finance and Accounting at Solo (Computer Software, 201-500 employees) Chose FloQast I chose FloQast over BlackLine because we could easily pull reports from our CRM, ERP and other systems and use those as backup for reconciliations. When I reviewed BlackLine we had to enter everything into their system and it felt like we would be spending time duplicating … Incentivized Helpful? Verified User Chose FloQast BlackLine has a lot of robust features, such as being able to push transactions into NetSuite as well as import bank transactions and NetSuite transactions for bank reconciliation matching. FloQast does not currently push any transactions to NetSuite. FloQast is way more … Incentivized Helpful? Verified User Chose FloQast Having FloQast automatically pulls updates from excel files saved in our shared folders is key instead of having to upload new files as we've done in the past with other comparable products Incentivized Helpful? Verified User Chose FloQast The User Interface and implementation were the key drivers for choosing FQ compared to BL. Our team was up in a matter of days or so it felt! Even if you didn't get properly trained in FQ, you could easily figure it out on your own, which was nice, especially for a large team. Incentivized Helpful? Verified User Chose FloQast More dynamic, linked with tools we already use including g drive and excel Incentivized Helpful? Verified User Chose FloQast We selected FloQast because of how flexible it was and how easily it incorporated our existing excel workpapers into the system. It was also able to accommodate our ERP, despite not having a native integration for it. Incentivized Helpful? Verified User Chose FloQast FloQast is more user-friendly and flexible. The product is updated more frequently. Incentivized Helpful? Adam MacLean CFO (Chief Financial Officer) in Finance and Accounting at First National Holdings (Financial Services, 51-200 employees) Chose FloQast Reconciliation management and connectivity vs cost Incentivized Helpful? MICHAEL BENNETT Director of Financial Systems in Finance and Accounting at ForgeRock (Computer Software, 501-1000 employees) Chose FloQast FloQast more than holds it own on pricing and is definitely a cut above in customer service and innovation. Incentivized Helpful? Craig Lowdell Group Accountant in Finance and Accounting at Group 1 Automotive (Automotive, 1001-5000 employees) Chose FloQast Lower cost for a much better, well organized software that on face value is far easier to use. It meant we didn't have to drastically change our close process too much whilst implementing a new system Incentivized Helpful? Verified User Chose FloQast FloQast is much easier to use. The system is user friendly which is very beneficial when you are or are training new employees. I think the use is extremely streamlined so there is no question of where the company is at in the closing or reporting process. The … Incentivized Helpful? Verified User Chose FloQast We selected FloQast because we found it much more intuitive to use, while meeting our needs. The customer experience with FloQast throughout the software review process was also more pleasant. Incentivized Helpful? Verified User Chose FloQast FloQast is easy to implement and keeps the accountant in excel Incentivized Helpful?
	Would buy again
	No answers on this topic	No answers on this topic
	Delivers good value for the price
	No answers on this topic	No answers on this topic
	Happy with the feature set
	No answers on this topic	No answers on this topic
	Lived up to sales and marketing promises
	No answers on this topic	No answers on this topic
	Implementation went as expected
No answers on this topic	No answers on this topic

Features

BlackLine

FloQast

Comparison of Consolidation and Close features of BlackLine and FloQast
Feature	BlackLine 8.8 92 Ratings	FloQast 8.5 114 Ratings
Financial data consolidation	9.047 Ratings	8.569 Ratings
Journal entries and reports	8.765 Ratings	7.852 Ratings
Multi-currency management	8.849 Ratings	8.037 Ratings
Detailed Audit Trails	9.181 Ratings	9.282 Ratings
Customizable Workflows	8.662 Ratings	8.898 Ratings

User Ratings
	BlackLine	FloQast
Likelihood to Recommend	8.9 (280 ratings)	9.2 (130 ratings)
Likelihood to Renew	9.8 (22 ratings)	9.1 (6 ratings)
Usability	3.7 (52 ratings)	9.8 (5 ratings)
Availability	9.1 (1 ratings)	9.1 (3 ratings)
Performance	9.1 (1 ratings)	9.1 (2 ratings)
Support Rating	8.2 (166 ratings)	10.0 (9 ratings)
In-Person Training	- (0 ratings)	9.1 (2 ratings)
Online Training	8.2 (2 ratings)	7.4 (2 ratings)
Implementation Rating	8.9 (7 ratings)	9.1 (3 ratings)
Configurability	- (0 ratings)	8.3 (2 ratings)
Ease of integration	- (0 ratings)	9.1 (2 ratings)
Product Scalability	9.1 (1 ratings)	9.0 (3 ratings)
Vendor post-sale	- (0 ratings)	9.1 (2 ratings)
Vendor pre-sale	- (0 ratings)	9.1 (2 ratings)