Who Uses This Software?

FP&A teams of Small, Medium enterprises (200-2000 employees).

Average Ratings

12 reviews
  • Overall 5 / 5
  • Ease of Use 5 / 5
  • Customer Service 5 / 5
  • Features 4.5 / 5
  • Value for Money 5 / 5

Product Details

  • Free Version No
  • Free Trial No
  • Deployment Cloud, SaaS, Web
    Installed - Windows
  • Training In Person
    Webinars
    Documentation
  • Support Business Hours

Vendor Details

  • DataRails
  • https://www.datarails.com
  • Founded 2015

About DataRails

DataRails' finance solution is revolutionizing FP&A. With DataRails' patented technology, consolidate and store all Excel based data on a cloud-based centralized database. Optimize Excel-based processes including budgeting, forecasting and planning through automation, all without changing the way you work.
With all your spreadsheet based information gathered automatically and stored on a centralized database, access previously untapped data to gain a deeper understanding of your business.

DataRails Features

  • "What If" Scenarios
  • Asset Planning
  • Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • Forecasting
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Version Control
  • Ad Hoc Reports
  • Ad hoc Analysis
  • Budgeting & Forecasting
  • Consolidation / Roll-Up
  • Dashboard
  • Key Performance Indicators
  • Predictive Analytics
  • Qualitative Analysis
  • Quantitative Analysis
  • Scorecarding
  • Strategic Planning
  • "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
  • Customisable Dashboard
  • Data Source Connectors
  • Drag & Drop
  • Drill Down
  • Financial Reports
  • Forecasting
  • Marketing Reports
  • OLAP
  • Report Export
  • Sales Reports
  • Scheduled / Automated Reports
Vendor has not completed this information.
  • Budgeting & Forecasting
  • Dashboard
  • Goal Setting / Tracking
  • Idea Management
  • KPIs
  • Modeling & Simulation
  • Roadmapping
  • Scenario Planning
  • Scorecards

DataRails Most Helpful Reviews

Best investment for our finance team

Reviewed on 14/08/2019
Verified Reviewer
Manager
Construction, 1,001-5,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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

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

Cons: Would be happy if there were more frequent updates

Best financial tool out there, dependable and accurate

Reviewed on 10/08/2019
Verified Reviewer
Group CFO
Logistics & Supply Chain, 10,001+ Employees
Used the Software for: 1+ year
Reviewer Source 
Source: GetApp
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: DataRails has substantially improved the accuracy of our budgeting and forecasting. I love the ease of it, how accessible it makes our numbers, and how simple it is to follow real-time statuses. With DataRails we know our figures are accurate and up to date, which is precisely what we need from the numbers we base important decisions on.

Pros: -There are many ways to manipulate and look at your data -Drill downs are amazing. Can look at the smallest of variables. -Can work on both Excel and their Insights feature depending on what I want -Easy to use -Easy to connect with our ERP system

Cons: Sometimes it was buggy when logging out. Other than that I can't think of any other notable cons, it really is a great system.

Solves problems for us!

Reviewed on 18/03/2019
Verified Reviewer
Director , finance business systems
Computer Software, 1,001-5,000 Employees
Used the Software for: 1+ year
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: We use it a lot for data verification using the compare feature, do monitor data changes when we are changing our financial models. We use it to compare versions of our financial reporting decks and spreadsheets, and we use it for collaboration in collecting and prepareing (ETL) with data files for exporting from one system and into another.

Pros: The way the features are now integrated with Excel, the more "active" way it organizes files tags and compares versions.

Cons: I originally had a little trouble with the interface from excel (widget popups) but they replaced this with simple right-clicks and tighter integration with Excel and windows explorer that has not only eliminated the problems, but made it easier to use.

Great product, high ROI

Reviewed on 13/03/2019
Verified Reviewer
Senior VP Compliance and Risk Management
Insurance, 10,001+ Employees
Used the Software for: 6-12 months
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: The solution provided a high ROI for both compliance/SOX teams and the end users.
As for the end users this is a fully transparent solution, the on boarding was smooth and fast.

Pros: Before implementing DataRails, we had no idea what is going on with our spreadsheets across our organization. Today, we have a clear overview of our EUC operations across the organization including real time alerts on any suspicious activity.
Our finance users are happy with the benefits the application delivered to their day to day work.

Cons: As a SaaS solution, DataRails release a weekly versions which sometime require our teams to learn these changes on the go.

Helps track changes in Excel files

Reviewed on 07/03/2019
Yafit M.
SOX - project manager
Insurance, 1,001-5,000 Employees
Used the Software for: 6-12 months
Reviewer Source 
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: The software is still in the process of implementation and improvements

Pros: The software is very good. Changes between versions can be easily identified.
Displays the activity in the software.
Customer Support is excellent.

Cons: The tree view and viewchanges in conected files.

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