A Comparative Look
*Comparative review data sourced from G2 and licensed by FloQast. G2 is the world’s leading B2B software review platform, leveraging more than 1,958,400 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 Dec 2022.
In 2022, customers ranked FloQast as the #1 highest-rated Financial Close software with a near-perfect 98% satisfaction score compared to only 91% satisfaction by Blackline users.
In addition to superior time to go-live and estimated ROI, FloQast outperforms Blackline across three imperative metrics: “Average User Adoption,” “Ease of Setup,” and “Implementation.”
BlackLine trailed 14-16% 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.”
In the Winter 2023 reports, G2 users ranked FloQast higher than BlackLine in all metrics evaluated for Financial Close software, including:
KEY ROI FACTORS
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.”
Gathering a return on investment is critical in today’s modern business and economic climate. FloQast is easy to use, intuitive and powerful, which means faster payback than BlackLine. In the G2 Results Index for Financial Close for Winter 2023, users of FloQast estimated a full return-on-investment (ROI) within 12.84 months compared to 23.9 months by Blackline users.
The dramatic difference in time to ROI is mainly in part due to the fact that FloQast customers have an average of 1.29 months to go live compared to the 4.7 months to go live with Blackline.
Set-up for FloQast is done over the phone with accounting experts. New customers are frequently up and running on FloQast in their first month. By contrast, BlackLine requires a costly, time-consuming service engagement that takes multiple months. No wonder former BlackLine customers who have switched 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.
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.