A spreadsheet management solution that is redefining FP&A.
4.9/5 (16 reviews)DataRails’ finance solution revolutionizes the way FP&A work is done. With DataRails' patented technology, consolidate and store all Excel based data on a cloud-based centralized database. Optimize Excel-based processes including budgeting, forecasting, planning, and revenue performance management through automation, all without changing the way you work.
-Automate tedious consolidation processes, save time, and accelerate work cycles.
-Get the full story behind your figures: inspect a cell-level audit trail, compare any two spreadsheets from any point in time, and enjoy full version control.
-Perform variance, horizontal, and vertical analyses. Utilize drill-downs and slice and dice data to the lowest level line-item to extract previously inaccessible insights.
With DataRails' effortless, automated, and accurate solution, spend less time putting numbers together and more time thinking about what they mean.
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 drill-downs 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.
Pros
Finance is pleased with the ease of use and accessibility of data
Cons
Would be happy if there were more frequent updates
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.
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
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
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.
Contact DataRails for detailed pricing information.
• 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.
Below are some frequently asked questions for DataRails.
DataRails offers the following pricing plans:
Pricing model: Subscription
Free Trial: Not Available
Contact DataRails for detailed pricing information.
DataRails offers the following features:
DataRails has the following typical customers:
Large Enterprises, Mid Size Business, Small Business
DataRails supports the following languages:
English
DataRails has the following pricing plans:
Subscription
We do not have any information about what devices DataRails supports
DataRails integrates with the following applications:
Microsoft Excel
DataRails offers the following support options:
Online Support, Phone Support
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