Gartner defines financial close and consolidation solutions (FCCS) as applications that enable CFOs and their teams to manage the organization’s group close, consolidation and reporting processes. The FCCS market equips organizations to (1) manage and drive financial control across their close cycles through configurable workflows and dashboards that support collaboration and provide a centralized auditable view; (2) execute financial consolidation across multiple legal entities (LEs) and geographies; (3) meet accounting standards for currency translation, intercompany elimination and top-side adjustments; and (4) generate reporting that adheres to generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS) and regional compliance.

Financial Close and Consolidation Solutions

Gartner defines financial reconciliation solutions as the key tool that enables the controllership team to manage and reconcile financial transactions across internal and external data sources. Financial reconciliation solutions replace manual transactional matching efforts with a standardized and automated workflow, configurable to predefined business rules. These solutions are cloud-deployed via software as a service (SaaS)

Financial Reconciliation Solutions

BlackLine Reviews, Ratings & Features 2025 | Gartner Peer Insights

Evaluation and contract negotiation

Evaluation & Contracting

Timely and complete response to product questions

Pricing and contract flexibility (pricing and terms)

Integration and deployment

Integration & Deployment

Ease of integration using standard APIs and tools

Quality and availability of end-user training

Ease of deployment

Service and support

Service & Support

Timeliness of vendor's response

Quality of technical support

Quality of peer user community

Product capabilities

Product Capabilities

Medium FCPM Processes Support

Complex FCPM Processes Support

Process Analytics

Ease of Implementation

Ease of Maintenance/Upgrade

Ease of Use

Support and Vendor Satisfaction

Enterprise Performance

Integration

Global/Local Regulatory Support

Data integration

Close management

Financial consolidation

Financial reporting

Disclosures and regulatory reporting

Financial Statement Reconciliation

Financial reporting risk management

Journal entry management

Advanced analytics

Implementation and Support Strategy

User experience

Additional Context

BlackLine

OneStream Platform

OneStream

Oracle Fusion Cloud Enterprise Performance Management (EPM)

Oracle

CCH Tagetik Intelligent Platform

Wolters Kluwer

Prophix One

Prophix

Planful

JustPerform

insightsoftware

Workday Adaptive Planning

Workday

Board

Vena Complete Planning Platform

Vena

1B - 3B USD

3B - 10B USD

500M - 1B USD

30B + USD

250M - 500M USD

50M - 250M USD

<50M USD

10B - 30B USD

Gov't/PS/ED <5,000 Employees

Gov't/PS/ED 50,000 + Employees

Gov't/PS/ED 5,000 - 50,000 Employees

Accounting Manager

Product was chosen to have one source for financial analysis and reporting,

Corporate Accounting Manager

Blackline has started a movement at our company that will drive efficiency and transparency which we have not had before. We are still in the first couple of years of our journey so there are areas for improvement which is why we are attending these conferences and trying to learn as much as we can.

Trintech

Other...

FloQast

Workiva

Anaplan

HighRadius

Workday (Adaptive Insights)

Longview

Sage

Redwood Software

Datarails

Jedox

Solver

Wolters Kluwer (CCH Tagetik)--

CXO Software

Aaro Systems

Aico

AccessPay

Finance Manager

Overall the account rec and task modules have brought us some value. The initial Blackline implementer was not the most helpful, but we paid for barebones so that partially explains it. There was no direct integration with our ERP until now there is a beta connector.

Staff Accountant

We are still getting accustomed to the flow of the software.

Group Head of Global Business Services

Some functionalities were not operating as intended

Business Controller

Account recon approvals are simple. I also appreciate that you can add a hyperlink as supporting documentation which is convenient. However, there are size limits to the files we attach which is quite inconvenient. 

Finance Associate

It has made our month end recon process much more efficient than our previous methods.

Financial Systems Analyst

Our experience with the Blackline product has been a time saver for our users.  Allowing visibility and flexibility with updating tasks. 

We use Blackline specifically for financial close tasks such as bank and account reconciliation. The task management also allows us to manage other parts of the close process. Once implemented this has allowed us to reduce the amount of lead time to close. The built in segregation of duties is also helpful for governance. 

SVP, Accounting Operations

I have been a BL user for 4 years now and the product and service have been exceptional. 

DIRECTOR OF FINANCE

Great tool and technology to be implemented effectively for full optimisation of benefits

Active

Find the top Financial Close and Consolidation Solutions with Gartner. Compare and filter by verified product reviews and choose the software that’s right for your organization.

50M-1B USD

1B-10B USD

10B+ USD

Gov't/PS/Ed

GL Analysis Manager

Blackline is a massive upgrade from our old reconciliation software - it allows us to better automate reconciliations and gain efficiencies, effectively freeing up more time for our employees. 
While there is a bit of a learning curve to Blackline in how to best use the various rec templates offered, we have had numerous meetings with the customer experience team who have been able to walk us through our specific questions and teach us the best use cases for different templates. 

VP, Finance

Blackline has been an absolute game changer for our institution. Blackline’s solutions have honestly been what most companies and institutions dream of from a financial reconciliation perspective. 

Overall, I have enjoyed working with Blackline. I am the Senior Project Accountant and worked closely with their senior implementation consultant to configure Blackline. I felt supported by Blackline throughout the whole configuration process. 

Sr Director General Accounting

Blackline software has helped us make our month end close much more efficient and greatly improved compliance. 

Sr Manager, Business Operations

Blackline is an exceptional SaaS solution.  You can configure as needed.  The reporting is so easy and our users love how simple it is to create their own reporting. Account Recons was the initial implementation.  We have since added Task, Journals, Matching and Flux/Variance.  

Senior Treasury Accountant II

The overall experience with the Journals implementation with Herman as our main specialist and assistance from Oliver was amazing. They hit the ball out of the park with their knowledge, patience, and willingness to be available during and post the implementation. 

Manager

BLACKLINE is a good option to finance company, like a Banks. We use BL for matching plus 5Millon of transacction per month, and we work with +3000 recs in Blackline. We use Blackline in 6 countries in Central America.

VP, Technology Business Partner

Blackline and the implementation team have provided us with a product that has streamlined and tracked our accounting close process.  Overall, the organization relies on the current instance and is looking forward to the product roadmap.  

Overall experience with BL and its products has helped streamline our processes and efficiencies.

Senior Analyst, Finance Transformation

Their support is phenomenal - their documentation is clear, they have a great ticketing system and their ticket folks are always helpful.

PRODUCT OWNER

Customer support and strategic vendor relationships are outstanding along with a best in class product. They get to know where you are at on your journey and help with roadmap milestones and suggestions. 

The support by the account team and the customer service support are key to complement the after-sales support

FINANCE ASSOCIATE

The platform dramatically improves efficiency with advanced automation for account reconciliations and financial close processes, helping us save time and reduce manual effort too.

BlackLine is a publicly-traded company known for addressing traditional accounting challenges. It leverages a cloud-based financial operations management platform to enhance the efficiencies of financial departments. The primary objective of BlackLine is to modernize accounting procedures by consolidating the data and processes along with automating mundane activities. This also ensures accountability through comprehensive visibility. BlackLine provides comprehensive solutions for managing and automating various activities like financial close, accounts receivable, and intercompany accounts. They cater to both large and midsize corporations across various industries to help optimize accounting procedures. BlackLine operates globally with its main operations sprawled across several business hubs such as Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore, and Sydney.

Companies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine‚Äôs cloud-based financial operations management platform and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility.  BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control.
Thousands of customers trust BlackLine to help them close faster with complete and accurate results.  The company is the pioneer of the cloud financial close market and recognized as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius.  BlackLine is a global company with operations in major business centers around the world including Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore and Sydney.

BlackLine (Nasdaq: BL) addresses the inadequacies of traditional manual accounting processes with its cloud-based financial operations management platform. BlackLine's platform excels in modernizing accounting by integrating data and processes, automating repetitive tasks, and enhancing accountability through transparency. The effective solutions it offers cater to the management and automation of financial closing, account receivables, and intercompany accounting processes. BlackLine is trusted by thousands of customers who depend on its products for faster and more accurate financial closures. As the pioneer in the cloud financial closure market, it enjoys high ratings from customers on Gartner Peer Insights, G2, and TrustRadius. The firm is established on a global scale with presence in major economic hubs such as Los Angeles, New York, San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore, and Sydney, assisting enterprises and midsize companies across diverse industries.