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.
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Product Details
Datarails Categories and Features
Revenue Management Software
Financial Reporting Software
Financial Management Software
Budgeting Software
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Love this useful, insightful product
Date: Aug 10 2019SummaryDataRails 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 betterNegative-Can't think of anything atm it's a platform I love using and it does that job well
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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 2019SummaryIt 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.
PositiveAutomates consolidation, great Insights feature, reliable databasing
NegativeWas a bit disappointed that it doesn't integrate with HeliumV
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Excellent planning and analysis software
Date: Nov 06 2019SummaryThe 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.
PositiveTraceable 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.
NegativeFrom time to timethe badge does not appear so I can’t sign in.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Amazing consolidation tool
Date: Dec 19 2019SummaryUse 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.
PositiveReliable consolidation of financial statements from subsidiaries
NegativePeople who love Excel love this product, and vice versa.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Smartest FPA solution
Date: Aug 22 2019SummaryGreat 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.
PositiveAllows for the reduction of errors, improves reporting, more time for analysis
NegativeTakes a little bit of getting used to but what system doesn’t
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Great for reporting
Date: Dec 16 2019SummaryI 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.
PositiveReporting capabilities top pick for me. Easy visualizations and centralized dataset.
NegativeGlitchy from time to time. thats the only thing that comes ti mind right now
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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 2019SummaryDataRails 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.
PositiveDataRails 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.NegativeMore customizable branding would be good. Would be nice to see this made available in the future.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Product that delivers
Date: Aug 11 2019SummaryQuite satisfied with this tool. Very useful, really gave my department a boost.
PositiveBy far the greatest pro- ease of access to excel-based information. What was once hard to get your hands on is suddenly instantly accessible.
NegativeOut of the box worksheets would be nice to have, don't think this is currently available
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
A great choice for us
Date: Dec 02 2019SummaryWas 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.
PositiveWork is done faster and more accurately. We're able to introduce automation without influencing how people work on the ground.
NegativeUsage issue- sometimes the badge does not appear and I can’t sign in
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Consolidation did wonders for us
Date: Dec 31 2019Summarywith 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.
PositiveAutomatic consolidation means we don’t waste time bringing together numbers.
NegativeSo far none, but we just recently began using the system..
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Best investment for our finance team
Date: Aug 13 2019SummaryWith 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
PositiveFinance is pleased with the ease of use and accessibility of data
NegativeWould be happy if there were more frequent updates
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