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.
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Cube
Score 8.9 out of 10
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Cube is a financial planning & analysis (FP&A) platform that aims to enable finance teams to be more strategic and positively contribute to company growth activities by spending less time on manual, repetitive task, from Cube Planning headquartered in New York.
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Pricing
BlackLine
Cube
Editions & Modules
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Pricing Offerings
BlackLine
Cube
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
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More Pricing Information
Community Pulse
BlackLine
Cube
Features
BlackLine
Cube
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
BlackLine
8.8
Ratings
7% above category average
Cube
8.5
Ratings
7% above category average
Financial data consolidation
9.00 Ratings
8.90 Ratings
Journal entries and reports
8.70 Ratings
9.60 Ratings
Multi-currency management
8.70 Ratings
7.10 Ratings
Detailed Audit Trails
9.10 Ratings
8.20 Ratings
Customizable Workflows
8.60 Ratings
00 Ratings
Intercompany Eliminations
00 Ratings
8.50 Ratings
Minority Ownership
00 Ratings
7.00 Ratings
Local and consolidated reporting
00 Ratings
10.00 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
BlackLine
-
Ratings
Cube
7.5
Ratings
2% below category average
Pixel Perfect reports
00 Ratings
8.90 Ratings
Customizable dashboards
00 Ratings
6.40 Ratings
Report Formatting Templates
00 Ratings
7.30 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
BlackLine
-
Ratings
Cube
8.9
Ratings
9% above category average
Drill-down analysis
00 Ratings
9.60 Ratings
Formatting capabilities
00 Ratings
8.40 Ratings
Integration with R or other statistical packages
00 Ratings
8.00 Ratings
Report sharing and collaboration
00 Ratings
9.80 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
BlackLine
-
Ratings
Cube
8.4
Ratings
2% above category average
Publish to Web
00 Ratings
8.20 Ratings
Publish to PDF
00 Ratings
8.50 Ratings
Report Versioning
00 Ratings
8.50 Ratings
Report Delivery Scheduling
00 Ratings
8.40 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
BlackLine is well-suited for us when it comes to the bank reconciliations, as our systems feed right into BlackLine, and the various match sets reconcile the data effortlessly. BlackLine would work to its fullest extent if all departments utilized it, so you can take advantage of all the various products that are available.
1) The budget process. In QBO the budgeting capability is non-existant, unless you like manually typing in every scenario and not being able to budget by class. Cube houses my budget/forecast scenarios & lets me view and analyze by my company's preferred data points; department, GL account, vendor, & sales campaign. I'm able to run monthly budget variance reports and plan for the future with ease. 2) We've begun using Cube to help analyze profitablity by sales job. We've never had such easy access to this type of info in the past, so this is a benefit I can directly attribute to Cube. 3) We're beginning now to use an integration with our payroll software to work on headcount planning and payroll analysis.
On the home page I can see Team Assignments usually first time not My assignments.
JV posting is slow.
Many error emails about failed JV with the same context.
We receive emails about task certification. Can we receive the list of reconciliations monthly?
Posted/prepared JVs cannot be deleted from the to-do list (there is only one extraordinary case, where we had a BL issue and the JV was booked but without a Document ID).
Limited to 8 top line dimensions. Although you can bring in as many attributes of data as you want, but I would really like Cube to increase top line dimensions to 10.
The ability for cross level interaction within multiples cube would be a major plus once implemented.
Because this is a great tool with many possibilities and cool perks. Plus, as an admin - because I am both user and admin - I can say that this is easy to handle, you don't even have to be able to write a single piece of code to do so
There are some processes that we currently use that cannot be done in BlackLine. Our users don't want to change their processes or learn new processes even though it would make their jobs easier. We have very few users who have adopted BlackLine fully, and management has not made it a requirement to use the application.
We never experienced an outage with BlackLine. The only time the system was unavailable was during planned outages for updates and upgrades usually Friday evening after 6pm pst until Saturday morning at 6am pst.
In my experience, the support team is beyond exceptional. They are incredibly knowledgeable and dedicated to the customer. You can expect prompt, professional and succinct responses. I have been working with the support team for BlackLine for more than ten years where I have been a customer four times. If anyone does Support right, it is definitely BlackLine. Not only can you trust your financials, but you can trust the team to support you through all your objectives!
Trainings are available for all topics on the BlackLine U portal. These were incredibly helpful when first starting with BlackLine to get the hang of it. Trainings are useful for any module. I have personally used this to teach myself how to use the tasks and variance modules, which are now fully utilized by my organization. The support team is also very helpful in training our team on anything additional we have needed.
You will have to meet up with your final users, approver, internal auditor and accounting policy holder. Everyone has to agree. When you have a well written process, workflow, policy, approval requirement, and control, your implementation process will be much easier
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 is. We wanted a product that we could grow into, rather than a product we would outgrow over time as our organization grows. We have only touched the surface with BlackLine so far, and we've already reaped the benefits.
Cube was just a lot easier to use than Vena. We took some time to look at Vena as well and while their product was impressive, our organization was not yet there. We needed something we could implement quickly, and in today's day and age I think that is a very important quality to have. Start up and early stage companies do not have the luxury of implementation teams and massive IT resources so Cube was a huge help.
After implementing BlackLine our company acquired another large company with multiple operations. We were able to use the COVID shutdown to bring them on board with BlackLine with little effort in the setup and training of the users.
Ability to centralize certain functions across the team into one role, as opposed to having multiple team members perform the same function for their entities.
While not a negative impact, it's important to note that getting the best use of BlackLine is a time commitment. The time, resources, and energy you put into it will determine how successful you are at utilizing BlackLine to transform how your team gets the job done. This optimization journey is a continuous evolution and will not be an overnight transformation.