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What is Datarails?

Datarails serves as a financial analysis and planning tool that streamlines the process of financial reporting. In addition, it enables finance teams to utilize the well-known Excel spreadsheets and financial models they are accustomed to.

By automating repetitive manual tasks, finance teams can devote more time to data analysis rather than data collection. This efficiency empowers them to tackle essential strategic inquiries, such as identifying methods to boost revenue or cut costs, ultimately enhancing their overall financial decision-making.

Pricing

Free Trial Offered?:
Yes

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Company Facts

Company Name:
Datarails
Date Founded:
2015
Company Location:
United States
Company Website:
www.datarails.com
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Product Details

Deployment
SaaS
Windows
Mac
Training Options
Documentation Hub
Online Training
Webinars
On-Site Training
Support
Standard Support
24 Hour Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Datarails Categories and Features

Revenue Management Software

Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management

Financial Reporting Software

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Financial Management Software

Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

Budgeting Software

"What If" Scenarios
Asset Planning
Balance Sheet
Capital Asset Planning
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement
Project Budgeting
Run Rate Tracking
Version Control

More Datarails Categories

  • Reviewer Name: Eric N.
    Position: VP FP&A
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 5,000 - 9,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Love this useful, insightful product

    Date: Aug 10 2019
    Summary

    DataRails is really great for automating unnecessary work. Using the system has improved my work significantly since now I don't have to waste time on copying and pasting info in order to make sense of it. This used to take up so much time, and now it takes up no time at all.

    Positive

    -Insights feature is really useful
    -No more wasting time on something that can be automated
    -work better

    Negative

    -Can't think of anything atm it's a platform I love using and it does that job well

    Read More...
  • Reviewer Name: Dennis L.
    Position: VP FP&A at Ohio University
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 1,000 - 4,999
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    the best platform if you work in FP&A

    Date: Aug 08 2019
    Summary

    It makes FP&A work so much better. Consolidation is a huge part of the job, but with DataRails automating this process we don't have to spend time on work that is virtually of no value. With DataRails we're up to speed on all the current numbers and use their Insights feature to look at it in different ways. All in all it's a really great tool.

    Positive

    Automates consolidation, great Insights feature, reliable databasing

    Negative

    Was a bit disappointed that it doesn't integrate with HeliumV

    Read More...
  • Reviewer Name: Todd W.
    Position: VP of Finance
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 5,000 - 9,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Excellent planning and analysis software

    Date: Nov 06 2019
    Summary

    The implementation of this product went smoothly and we feel that we’re getting high ROI. First of all it takes data accuracy to a whole new level-the fact that we have every version of every spreadsheet within reach is of immense value. Second, the manipulations that we can conduct now are priceless. Spreadsheet data is often messy, disorganized, hard to find or hard to understand, and it means that oftentimes information that can contribute to organizational processes is not leveraged, which is a shame because its there. We’re really happy with DataRails since now we can take advantage of all of it, and we don’t have to ask employees to do anything differently.

    Positive

    Traceable numbers- if you want to see how a number was reached, what the underlying formula is etc its all there. Excel numbers are easily accessed.

    Negative

    From time to timethe badge does not appear so I can’t sign in.

    Read More...
  • Reviewer Name: Chris G.
    Position: Director of FP&A
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 1,000 - 4,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Amazing consolidation tool

    Date: Dec 19 2019
    Summary

    Use this solution for budgeting and forecasting all financial metrics. Also use it as a BI tool. Well suited for working with data without requiring expertise of data transformation. We rely heavily on the solution for analyses, and its great for consolidating information. All information from different ERPs is imported into DataRails, and having that centralization is a huge plus. Grants you flexibility in reporting and the dashboard capabilities are excellent.

    Positive

    Reliable consolidation of financial statements from subsidiaries

    Negative

    People who love Excel love this product, and vice versa.

    Read More...
  • Reviewer Name: Mark A.
    Position: VP Finance & Controller
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 1,000 - 4,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Smartest FPA solution

    Date: Aug 22 2019
    Summary

    Great solution for planning across a distributed organization. Can handle multiple systems and locations with ease. It’s flexible, easy to use, and allows for planning at a granular level to improve budgeting and forecasting. Staff is always nice and easy to work with. Integrates well with other systems.

    Positive

    Allows for the reduction of errors, improves reporting, more time for analysis

    Negative

    Takes a little bit of getting used to but what system doesn’t

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: VP
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 10,000 - 19,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Great for reporting

    Date: Dec 16 2019
    Summary

    I highly recommend using DataRails. The platform gives you all the benefits of connected planning with additional BI-like features which are an added bonus. For me I love the ability to report with true-to-life, exact, numbers that are drawn in real time from our database. If things change last minute or if something seems off or if the numbers had been edited, all of my visualizations can be updated to reflect these changes, and its so easy to do. DataRails is a really dynamic tool.

    Positive

    Reporting capabilities top pick for me. Easy visualizations and centralized dataset.

    Negative

    Glitchy from time to time. thats the only thing that comes ti mind right now

    Read More...
  • Reviewer Name: Tracy W.
    Position: VP ofFinance
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 5,000 - 9,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    If Excel is your go-to, DataRails is the best CPM for you.

    Date: Sep 18 2019
    Summary

    DataRails is amazing because it is well suited for all our needs- forecasting, budgeting, planning management, ad-hoc analysis, and data visualization. Whats more, as we are extremely reliant/dependent on Excel, DataRails is just the best since we can keep using it as our interface and at the same time have access to consolidated numbers. I love digging into cell-level breakdowns to show our CEO exactly how we reached our conclusions. This is the BEST planning tool you need if you work in finance. We didn’t want to give up conducting manipulations within Excel, and with DataRails we didn’t have to.

    Positive

    DataRails lets us work with a familiar user interface (Excel) or use their Insights platform which is easy to learn. Automatic consolidation is useful.
    The company frequently updates the platform to fit current needs.

    Negative

    More customizable branding would be good. Would be nice to see this made available in the future.

    Read More...
  • Reviewer Name: Jacob K.
    Position: Group CFO
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 20,000 or More
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Product that delivers

    Date: Aug 11 2019
    Summary

    Quite satisfied with this tool. Very useful, really gave my department a boost.

    Positive

    By far the greatest pro- ease of access to excel-based information. What was once hard to get your hands on is suddenly instantly accessible.

    Negative

    Out of the box worksheets would be nice to have, don't think this is currently available

    Read More...
  • Reviewer Name: Teri L.
    Position: VP of Financial Planning and Analysis
    Has used product for: Less than 6 months
    Uses the product: Monthly
    Org Size (# of Employees): 10,000 - 19,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    A great choice for us

    Date: Dec 02 2019
    Summary

    Was looking for software that could give our finance team a boost since I read all about the advantages of automation platforms and so decided to integrate one in our department. Did some research and decided to choose DataRails due to its innovative offerings- we’ve been able to implement automation without really changing too much in how people work on the ground. It’s been really great for us, digital transformation as they say really can change how we work for the better.

    Positive

    Work is done faster and more accurately. We're able to introduce automation without influencing how people work on the ground.

    Negative

    Usage issue- sometimes the badge does not appear and I can’t sign in

    Read More...
  • Reviewer Name: Sonya P.
    Position: Controller
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 5,000 - 9,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Consolidation did wonders for us

    Date: Dec 31 2019
    Summary

    with DataRails centralizing our numbers, we no longer have to worry about people working on inaccurate figures. We’re able to connect information from different ERPs from different subsidiaries automatically, which is fantastic since prior to DataRails we would manually combine them in order to produce corporate reports. Enjoy working with this software.

    Positive

    Automatic consolidation means we don’t waste time bringing together numbers.

    Negative

    So far none, but we just recently began using the system..

    Read More...
  • Reviewer Name: Klara M.
    Position: Finance
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Best investment for our finance team

    Date: Aug 13 2019
    Summary

    With this platform finance brings in data from many sources in little time. This responsivity and accessibility has been essential to the identification of key drivers that used to be produced in 5 times the amount of time. Information is available on a global scale instantly so we can standardize analyses. A great investment if you’re looking to improve processes

    Positive

    Finance is pleased with the ease of use and accessibility of data

    Negative

    Would be happy if there were more frequent updates

    Read More...