FloQast vs. BlackLine

A Comparative Look

Considering close management software for your accounting team? Compare leaders FloQast and BlackLine and discover how the solutions stack up.

Comparative review data sourced from G2 and licensed by FloQast. G2 is the world’s leading B2B software review platform, leveraging more than 1,100,000 independent and authenticated user reviews to bring transparency to B2B purchasing decisions. Review data is based on G2 reviews from verified FloQast and BlackLine users. Review data was captured in June 2021.

ACHIEVING ACCOUNTING OPERATIONAL EXCELLENCE

This year, customers gave FloQast near-perfect scores of 97% for two imperative metrics: “Quality of Support” and “Ease of Doing Business With.” BlackLine, meanwhile, trailed a full 10 percent behind in each respective metric. Getting a bit more specific, FloQast users said their direct contacts were responsive, knowledgeable and high-quality. “FloQast not only comes with amazing features for accounting, but exceptional service,” says Christina, Accounting Manager at LOXO Oncology. “We are treated like family and our questions always have immediate responses.”

The future is plenty bright for FloQast — or at least that’s what our customers say! According to the latest G2 data, 100% of FloQast users said the product was headed in the right direction, as compared to 94% of BlackLine users who said the same. FloQast customers put emphasis on the company’s innovation and anticipation of customers’ needs and requirements, and there’s no greater compliment.

Users ranked FloQast higher than BlackLine in all metrics for Financial Close Results (likely to recommend, meets requirements, estimated ROI and other factors), earning an overall score of 9.35 to BlackLine’s 8.24 rating. Users were especially keen on FloQast’s estimated ROI. “I have used other software that offers the same thing, but FloQast surpasses these other products,” said Jonathan, Senior Accountant at Viewpoint. “It is user friendly and only took one 45-minute training and our accounting team was good to go.”

BlackLine trailed a full 20% behind FloQast on the Net Promoter Score scale — a trusted customer experience metric that is relied upon by millions of businesses. FloQast’s NPS in 2021 was an 87 out of 100, no small feat when it comes to customers’ perceptions of your offerings and services.

ROI in 10 Months — Not 24*

Easy to use, intuitive and powerful means faster payback than BlackLine. Typically requiring little to no formal training, FloQast users are up and running closing their books faster and more accurately typically in the first month after licensing.

 

*Based on 2020 data. Unfortunately, updated numbers from 2021 were not included in G2’s report this year.


 

Go Live in Less than a Month vs 5 Months*

Set-up for FloQast is done over the phone with accounting experts. New customers are frequently up and running on FloQast in two weeks. By contrast, BlackLine requires a costly time-consuming service engagement that is measured in months. No wonder former BlackLine customers who have made the switch to FloQast most frequently did so due to a failed implementation or they are using only a fraction of the legacy accounting software’s capabilities due to its complexity.

*Based on 2020 data, as G2 did not provide such data in 2021. FloQast did, however, outperform BlackLine with a more favorable estimated ROI, among other desirable metrics.

Want to Learn More about FloQast?

Read data driven comparisons of satisfaction and direct customer feedback across customers that have implemented close management software from FloQast and BlackLine in their organizations. Based on G2 reviews, the leading peer-to-peer review site.

Read the Report



*Based on 2020 data. Unfortunately, updated numbers from 2021 were not included in G2’s report this year.