DataRails

DataRails

Enterprise spreadsheets management for financial services

4.8/5 (6 reviews)

DataRails Overview

DataRails is a spreadsheet management solution for financial organizations such as insurance companies, banks, private equity, credit unions and auditors that delivers full control, data integrity and compliance. With DataRails, users can ensure their spreadsheets comply with regulations including Sarbanes-Oxley, Basel III, Solvency II, Dodd-Frank, and more, in order to mitigate risk. Users can also get a clear picture of their team’s status, automate data consolidation, and obtain real-time insights from their spreadsheet data.

DataRails includes full and comprehensive spreadsheet data integrity and version management features to help organizations meet the highest standards and a zero-error environment. Tools include logical version comparison with unique algorithms, cell dependencies drill down for a detailed, interactive diagram of all cells’ dependencies, and spreadsheet error prevention. DataRails also automatically stores every saved spreadsheet version in a centralized database, allowing prior versions to be accessed anytime.

Organizations can address spreadsheet compliance management and mitigate risk through features including spreadsheet transformation, a full spreadsheet audit trail, spreadsheet data loss prevention, and real-time alerts. Users can gain control of unstructured spreadsheet-based processes through real-time dashboards that can be shared with colleagues, as well as features such as automated data distribution and collection, scenario analysis, and more.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Middle-East and Africa, United States

Supported Languages

English

DataRails Reviews

Overall rating
4.8/5
100% positive reviews
5
Excellent
1
Very good
0
Average
0
Poor
0
Terrible

Solves problems for us!

Used Weekly for 1+ year
Reviewed on 2019/03/18
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

Great product, high ROI

Used Weekly for 6-12 months
Reviewed on 2019/03/13
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Yafit M.

Helps track changes in Excel files

Used Daily for 6-12 months
Reviewed on 2019/03/07
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Izik A.

Finally addressing spreadsheet EUC

Used Weekly for 1+ year
Reviewed on 2019/03/26
Review Source: Capterra

It's a solution that all financial services need but don't have. We were trying to work with our internal controls, but it was proving to be too manually intensive and costly with upkeep and designated staff. Understanding what is happening/happened to all our spreadsheet data at any given time is so useful.

Pros

Spreadsheets are inherently unstructured, and DataRails structured all my organizational data to allow for complete governance and compliance.

Cons

Have been a customer for a year and don't have any yet.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

Capacity routing management in Teva

Used Weekly for 1+ year
Reviewed on 2019/03/06
Review Source: Capterra

manage complicated excel templates with 16 sites in one database, by giving managerial dashboards to reflect the utilizations and UnOB per each product. production line or site levels.

Pros

Version management from several locations on the globe, when end user works in same excel template. dashboards and visually interface for users.
privileges management is easy to manage

Cons

Some time the badge does not appears correctly on my computer and I cannot save into Datarails.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
User Recommendation
9.5/10
Based on 6 reviews
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DataRails Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Contact DataRails for detailed pricing information.

Value for Money
4.5/5
Based on 6 reviews
Compare value for money rating with alternatives

DataRails Features

  • Activity Dashboard
  • Collaboration Tools

  • API
  • Access Control
  • Activity Tracking
  • Automatic Notifications
  • Chat
  • Collaborative Workspace
  • Commenting
  • Communication Management
  • Customizable Branding
  • Document Management
  • Document Storage
  • Drag & Drop Interface
  • File Management
  • Permission Management
  • Projections
  • SSL Security
  • Search Functionality
  • Third Party Integration
Features
4.3/5
Based on 6 reviews
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Additional information for DataRails

Key features of DataRails

  • Archiving & Retention
  • Audit Trail
  • Sarbanes-Oxley Compliance
  • Version Control

Benefits

• DataRails provides a full and comprehensive spreadsheet data integrity and version management solution to meet the highest standards that a zero-error environment demands.

• Address spreadsheet compliance management and mitigate risk with DataRails.

• Turn your historical spreadsheet versions into a clear trend-over-time chart by pulling selected KPI’s from numerous versions of your spreadsheets with a single click.

• DataRails gives you control of unstructured spreadsheet-based processes. Get a clear picture of your team’s status, automate data consolidation, and obtain real-time insights from your spreadsheet data.

• Easily understand the root cause of the bottom line result changes using DataRails’ enterprise level audit trail.

DataRails FAQs

Below are some frequently asked questions for DataRails.

Q. What type of pricing plans does DataRails offer?

DataRails offers the following pricing plans:

Pricing model: Subscription

Free Trial: Not Available

Contact DataRails for detailed pricing information.

Q. What are the main features of DataRails?

DataRails offers the following features:

  • Archiving & Retention
  • Audit Trail
  • Sarbanes-Oxley Compliance
  • Version Control

Q. Who are the typical users of DataRails?

DataRails has the following typical customers:

Large Enterprises, Mid Size Business, Small Business

Q. What languages does DataRails support?

DataRails supports the following languages:

English

Q. What type of pricing plans does DataRails offer?

DataRails has the following pricing plans:

Subscription

Q. Does DataRails support mobile devices?

We do not have any information about what devices DataRails supports

Q. What other apps does DataRails integrate with?

DataRails integrates with the following applications:

Microsoft Excel

Q. What level of support does DataRails offer?

DataRails offers the following support options:

Online Support, Phone Support