Quick Overview
- 1#1: BlackLine - Automates account reconciliation, transaction matching, and financial close processes for general ledger accuracy.
- 2#2: FloQast - Streamlines close management with built-in reconciliation workflows and task automation for GL accounts.
- 3#3: Adra by Trintech - Provides high-volume automated reconciliations, balance sheet substantiation, and intercompany matching for GL.
- 4#4: ReconArt - Cloud-based platform for automated bank, intercompany, and GL account reconciliations with AI matching.
- 5#5: AutoRek - Delivers end-to-end data automation and reconciliation solutions tailored for complex GL environments.
- 6#6: SkyStem ART - Automates routine reconciliations and journal entries to accelerate GL close cycles.
- 7#7: Workiva - Connects financial reporting with embedded reconciliation tools for accurate GL management and compliance.
- 8#8: OneStream - Unified CPM platform with advanced reconciliation capabilities integrated into GL consolidation.
- 9#9: Datarails - Excel-powered FP&A tool that automates GL reconciliations and financial modeling.
- 10#10: Planful - Cloud EPM solution offering continuous close and reconciliation features for GL accuracy.
We ranked these tools based on performance, user experience, feature depth (including automation and integration), and overall value, ensuring they deliver reliable, scalable solutions for modern finance teams.
Comparison Table
This comparison table examines top GL reconciliation software tools, including BlackLine, FloQast, Adra by Trintech, ReconArt, AutoRek, and more, to highlight their unique features and operational strengths. It equips readers with the insights needed to assess which solution aligns best with their reconciliation requirements.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | BlackLine Automates account reconciliation, transaction matching, and financial close processes for general ledger accuracy. | enterprise | 9.4/10 | 9.7/10 | 8.9/10 | 8.5/10 |
| 2 | FloQast Streamlines close management with built-in reconciliation workflows and task automation for GL accounts. | enterprise | 9.1/10 | 9.3/10 | 8.7/10 | 8.4/10 |
| 3 | Adra by Trintech Provides high-volume automated reconciliations, balance sheet substantiation, and intercompany matching for GL. | enterprise | 8.6/10 | 9.2/10 | 8.3/10 | 7.9/10 |
| 4 | ReconArt Cloud-based platform for automated bank, intercompany, and GL account reconciliations with AI matching. | specialized | 8.5/10 | 9.2/10 | 7.8/10 | 8.3/10 |
| 5 | AutoRek Delivers end-to-end data automation and reconciliation solutions tailored for complex GL environments. | enterprise | 8.4/10 | 9.1/10 | 7.6/10 | 8.0/10 |
| 6 | SkyStem ART Automates routine reconciliations and journal entries to accelerate GL close cycles. | specialized | 8.2/10 | 8.5/10 | 9.0/10 | 7.8/10 |
| 7 | Workiva Connects financial reporting with embedded reconciliation tools for accurate GL management and compliance. | enterprise | 7.6/10 | 8.1/10 | 7.2/10 | 6.9/10 |
| 8 | OneStream Unified CPM platform with advanced reconciliation capabilities integrated into GL consolidation. | enterprise | 8.3/10 | 9.1/10 | 7.4/10 | 7.8/10 |
| 9 | Datarails Excel-powered FP&A tool that automates GL reconciliations and financial modeling. | specialized | 7.8/10 | 8.0/10 | 8.5/10 | 7.2/10 |
| 10 | Planful Cloud EPM solution offering continuous close and reconciliation features for GL accuracy. | enterprise | 8.1/10 | 8.4/10 | 7.7/10 | 7.9/10 |
Automates account reconciliation, transaction matching, and financial close processes for general ledger accuracy.
Streamlines close management with built-in reconciliation workflows and task automation for GL accounts.
Provides high-volume automated reconciliations, balance sheet substantiation, and intercompany matching for GL.
Cloud-based platform for automated bank, intercompany, and GL account reconciliations with AI matching.
Delivers end-to-end data automation and reconciliation solutions tailored for complex GL environments.
Automates routine reconciliations and journal entries to accelerate GL close cycles.
Connects financial reporting with embedded reconciliation tools for accurate GL management and compliance.
Unified CPM platform with advanced reconciliation capabilities integrated into GL consolidation.
Excel-powered FP&A tool that automates GL reconciliations and financial modeling.
Cloud EPM solution offering continuous close and reconciliation features for GL accuracy.
BlackLine
enterpriseAutomates account reconciliation, transaction matching, and financial close processes for general ledger accuracy.
Patented Anomaly Detection and AI-powered matching engine that auto-learns patterns for unmatched transactions
BlackLine is a cloud-based financial close automation platform specializing in general ledger (GL) reconciliation, automating transaction matching, variance analysis, and balance sheet substantiation to streamline month-end closes. It offers AI-powered matching, collaborative workflows, and real-time dashboards for accurate and efficient reconciliations. Designed for enterprises, it integrates with ERPs like SAP and Oracle, ensuring compliance and audit readiness while reducing manual errors.
Pros
- Advanced AI-driven transaction matching with high accuracy rates exceeding 95%
- Seamless ERP integrations and robust compliance tools for SOX and audit trails
- Scalable platform supporting complex, high-volume reconciliations for global enterprises
Cons
- High implementation costs and time (often 3-6 months)
- Steep learning curve for advanced customizations
- Premium pricing may not suit small to mid-sized businesses
Best For
Large enterprises with high-volume, complex GL reconciliations needing automation and compliance assurance.
Pricing
Custom enterprise pricing, typically $50-$150 per user/month with annual contracts; minimums apply based on modules and users.
FloQast
enterpriseStreamlines close management with built-in reconciliation workflows and task automation for GL accounts.
AI-powered reconciliation engine with auto-matching, prepopulated templates, and high-risk transaction flagging
FloQast is a cloud-based financial close automation platform that excels in GL reconciliation by automating account matching, variance analysis, and workflow management. It integrates seamlessly with ERPs like NetSuite, QuickBooks, and SAP to pull trial balances and transaction data for efficient reconciliations. The tool also supports task assignment, PBC requests, and flux reporting to streamline the entire close process while ensuring compliance and audit readiness.
Pros
- Powerful automation for bank and balance sheet reconciliations with AI-driven matching
- Strong integrations with major accounting systems and collaborative workflows
- Comprehensive flux analysis and reporting for identifying reconciliation variances
Cons
- High cost may not suit small businesses
- Initial setup and mapping can be time-intensive
- Less flexibility for highly customized reconciliation rules compared to pure recon tools
Best For
Mid-market to enterprise finance teams seeking an all-in-one solution for month-end close and GL reconciliations.
Pricing
Quote-based pricing, typically starting at $1,000/month or $12,000/year for basic plans, scaling with users and modules.
Adra by Trintech
enterpriseProvides high-volume automated reconciliations, balance sheet substantiation, and intercompany matching for GL.
AI-driven intelligent matching engine that adapts to patterns, handles exceptions automatically, and supports flexible rules for complex reconciliations
Adra by Trintech is a cloud-based reconciliation management solution that automates general ledger account reconciliations, transaction matching, and variance analysis to streamline the financial close process. It supports high-volume, complex reconciliations including intercompany, bank, and sub-ledger matching with AI-driven automation and customizable rules. Designed for enterprises, Adra integrates with major ERPs like SAP and Oracle, providing real-time visibility, audit trails, and compliance controls to reduce close cycles significantly.
Pros
- Advanced AI-powered matching handles high-volume and unstructured data efficiently
- Seamless ERP integrations and scalable for global enterprises
- Robust compliance features with detailed audit trails and controls
Cons
- Enterprise-level pricing may be steep for smaller teams
- Initial configuration and rule setup requires expertise
- Limited flexibility for highly customized niche reconciliation types
Best For
Mid-to-large enterprises with complex, high-volume GL reconciliations needing automation to shorten financial close cycles.
Pricing
Custom subscription pricing based on users and transaction volume; typically starts at $50-$100/user/month for enterprises (contact for quote).
ReconArt
specializedCloud-based platform for automated bank, intercompany, and GL account reconciliations with AI matching.
SmartMatch AI-powered engine for intelligent, rules-based transaction matching across diverse data sources
ReconArt is a cloud-based reconciliation software specializing in automating general ledger (GL) reconciliations, bank statement matching, and intercompany transactions. It provides advanced rules-based and AI-assisted matching capabilities to handle high-volume, complex datasets efficiently. The platform supports seamless integrations with major ERPs like SAP, Oracle, and NetSuite, along with comprehensive reporting and audit trails for compliance.
Pros
- Highly customizable matching rules and SmartMatch AI for accurate automations
- Scalable for enterprise-level high-volume reconciliations
- Robust integrations with ERPs and strong compliance reporting
Cons
- Steep learning curve for advanced configurations
- Implementation can take several months
- Pricing lacks transparency and may be high for smaller teams
Best For
Mid-to-large enterprises with complex GL reconciliation needs and high transaction volumes requiring customizable automation.
Pricing
Quote-based subscription pricing, typically starting at $10,000-$50,000 annually depending on users and volume.
AutoRek
enterpriseDelivers end-to-end data automation and reconciliation solutions tailored for complex GL environments.
Adaptive AI matching engine that learns from user rules and transaction patterns for unmatched items
AutoRek is an enterprise-grade financial reconciliation platform specializing in automating general ledger (GL) reconciliations, account certification, and financial close processes. It leverages AI-driven matching algorithms to handle high-volume, complex transactions across bank statements, intercompany accounts, and ERP systems like SAP and Oracle. The software ensures accuracy, compliance, and audit readiness while reducing manual effort for finance teams.
Pros
- Advanced AI-powered matching for complex, high-volume reconciliations
- Seamless integrations with major ERPs and data sources
- Robust reporting and audit trail for compliance
Cons
- Steep learning curve and complex initial setup
- High cost unsuitable for small businesses
- Limited customization for niche reconciliation rules without consulting support
Best For
Large enterprises and financial institutions with high-volume, complex GL reconciliations requiring scalability and regulatory compliance.
Pricing
Custom enterprise pricing, typically starting at $50,000+ annually based on volume and modules.
SkyStem ART
specializedAutomates routine reconciliations and journal entries to accelerate GL close cycles.
One-Click Reconciliation templates for over 100 common account types, enabling rapid deployment and 90%+ auto-match rates
SkyStem ART is a cloud-based automation tool designed specifically for general ledger (GL) account reconciliations, enabling finance teams to match high volumes of transactions across bank statements, sub-ledgers, and GLs with minimal manual intervention. It supports one-click reconciliations, variance analysis, and workflow approvals, integrating seamlessly with ERPs like NetSuite, QuickBooks, and SAP. The software emphasizes speed and accuracy, helping mid-market companies close books faster while ensuring SOX compliance.
Pros
- Highly intuitive interface with no coding required for setup
- Handles high-volume transactions efficiently with rule-based matching
- Strong integration capabilities with popular ERPs and data sources
Cons
- Limited advanced AI-driven analytics compared to top competitors
- Customization options can feel rigid for complex enterprise needs
- Pricing scales up quickly for larger transaction volumes
Best For
Mid-sized finance teams seeking straightforward, scalable GL reconciliation automation without steep learning curves.
Pricing
Custom subscription pricing starting around $15,000 annually, based on user count, transaction volume, and modules.
Workiva
enterpriseConnects financial reporting with embedded reconciliation tools for accurate GL management and compliance.
Linked data model that automatically updates reconciliations across interconnected reports and filings
Workiva is a cloud-based platform primarily designed for financial reporting, compliance, and governance, with capabilities extending to GL reconciliation through automated matching, variance analysis, and integration with ERP systems like SAP and Oracle. It links structured and unstructured data in a single source of truth, enabling audit-ready reconciliations and reducing manual errors during the financial close process. While not a dedicated reconciliation tool, its reporting-centric approach makes it suitable for enterprises seeking end-to-end financial workflows.
Pros
- Seamless integration of reconciliation with reporting and compliance
- Robust audit trails and data linking for accuracy
- Scalable for large enterprises with complex ERP environments
Cons
- Expensive for smaller organizations focused solely on reconciliation
- Steep learning curve for non-reporting users
- Less specialized recon automation compared to dedicated tools
Best For
Large enterprises that require integrated GL reconciliation within broader financial reporting and regulatory compliance processes.
Pricing
Custom enterprise subscription pricing, typically starting at $50,000+ annually depending on modules and users.
OneStream
enterpriseUnified CPM platform with advanced reconciliation capabilities integrated into GL consolidation.
AI-powered intelligent matching engine that learns from historical data to automate up to 95% of reconciliations
OneStream is a comprehensive corporate performance management (CPM) platform that includes a dedicated Account Reconciliation solution for GL reconciliation, automating transaction matching, variance analysis, and period-end close processes. It leverages AI and machine learning for intelligent matching rules, supports high-volume reconciliations, and integrates deeply with ERPs like SAP and Oracle. The platform unifies reconciliation with consolidation, reporting, and planning, making it suitable for enterprise-scale financial operations.
Pros
- Powerful AI-driven automation for transaction matching and anomaly detection
- Seamless integration with major ERPs and unified CPM platform
- Robust workflow management and audit trails for compliance
Cons
- Steep learning curve and complex initial setup
- Enterprise pricing may be prohibitive for mid-market firms
- Overkill for simple GL reconciliation needs without broader CPM requirements
Best For
Large enterprises seeking an integrated platform for GL reconciliation alongside financial consolidation, close, and reporting.
Pricing
Custom enterprise subscription pricing, typically starting at $150,000+ annually based on modules and users.
Datarails
specializedExcel-powered FP&A tool that automates GL reconciliations and financial modeling.
Excel-native reconciliation engine that automates GL matching without forcing users to abandon spreadsheets
Datarails is an Excel-native FP&A platform that automates financial planning, consolidations, reporting, and general ledger reconciliations by integrating data from multiple ERPs and sources. It enables automated matching, variance analysis, and reconciliation workflows directly within Excel, reducing manual effort for finance teams. While versatile for broader FP&A needs, its GL reconciliation capabilities focus on streamlining account reconciliations and flux analysis.
Pros
- Seamless Excel integration for familiar workflows
- Strong multi-source data consolidation and automated matching
- AI-driven insights for variance detection
Cons
- Not as specialized for high-volume or complex recon as dedicated tools
- Pricing lacks transparency and can be costly for pure recon use
- Advanced features may require FP&A expertise
Best For
Excel-dependent FP&A teams in mid-sized companies needing integrated GL reconciliation within broader financial workflows.
Pricing
Custom quote-based pricing; typically starts at $10,000+ annually for mid-market users, scaling with users and modules.
Planful
enterpriseCloud EPM solution offering continuous close and reconciliation features for GL accuracy.
AI-powered transaction matching and auto-certification for rapid variance resolution
Planful is a cloud-based Financial Performance Management (FPM) platform that includes robust account reconciliation capabilities as part of its financial close suite. It automates GL account matching, variance analysis, and transaction reconciliation across multi-entity structures, integrating seamlessly with ERPs like NetSuite and SAP. While primarily focused on FP&A, its reconciliation tools help streamline month-end closes by reducing manual interventions and providing audit-ready documentation.
Pros
- Strong ERP integrations for automated data pulls and matching
- Scalable for multi-entity and high-volume reconciliations
- Built-in workflow approvals and real-time collaboration
Cons
- Reconciliation is a module within a broader FP&A suite, not a standalone tool
- Steep learning curve for users new to the platform
- Pricing can be premium for smaller teams focused only on reconciliation
Best For
Mid-to-large enterprises needing integrated FP&A and reconciliation for efficient financial close processes.
Pricing
Quote-based pricing; typically starts at $50,000+ annually depending on modules, users, and entities.
Conclusion
Among the reviewed tools, BlackLine emerges as the top pick, leading with its comprehensive automation of account reconciliation and financial close processes. FloQast follows closely with streamlined close management and intuitive workflows, while Adra by Trintech shines in handling high-volume GL environments. Each solution offers distinct advantages, but BlackLine sets the standard for accuracy and efficiency.
Take the next step in enhancing your GL operations—explore BlackLine to unlock its powerful reconciliation capabilities and transform your financial processes.
Tools Reviewed
All tools were independently evaluated for this comparison