Who Uses This Software?

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

Average Ratings

15 reviews
  • Overall 4.9 / 5
  • Ease of Use 4.8 / 5
  • Customer Service 4.9 / 5
  • Features 4.7 / 5
  • Value for Money 4.8 / 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.

CPM of choice

Reviewed on 20/08/2019
Jim A.
VP FP&A
Retail, 5,001-10,000 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 is used on a daily basis by my finance team as we perform analyses and drive insights. We chose to implement this cloud financial and analysis platform since we desperately needed a consolidation planning tool where we could continue using disparate spreadsheets and at the same time control our processes easier and better. DataRails gives us exactly this in addition to flexibility in reporting financial results.

Pros: 1-We started using their Insights feature instead of our BI. Really useful.
2-Made data collection easy and organized
3-Constant access to up-to-date numbers

Cons: would be nice if it had the option of drag and drop for inputs

CPM tool of choice, excellent value

Reviewed on 18/08/2019
Theresa S.
Director of FP&A
Consumer Electronics, 1,001-5,000 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: In my organization we use DataRails’ cloud financial and analysis platform for budgeting and forecasting all of our financial metrics. Each department continues to rely on Excel as usual for budgets, and then using DataRails Finance sees real-time updates and compares budgets with actuals. Useful for a variety of processes including workforce management, income statement analysis, forecasting, reporting, etc.

Pros: Seamless integration with Excel
User friendly interface
Has streamlined our budgeting process

Cons: Occasionally there are glitches in our templates

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.

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