Best For

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

Product Details

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.

Contact Details

DataRails

https://www.datarails.com

Founded in 2015

Located in United States

Discover insights
Discover insights
Discover insights
Always stay in control
Keep tabs on all data
Budgeting made easy
Work right

Starting Price

  • Not provided by vendor

Free Demo

Platform

  • Installed - Mac
  • Cloud, SaaS, Web
  • Installed - Windows
  • Mobile - iOS Native
  • Mobile - Android Native

Training

  • In Person
  • Live Online
  • Webinars
  • Documentation

Support

  • Business Hours

DataRails Features

Customizable Dashboard
Data Source Connectors
Drag & Drop
Drill Down
Financial Reports
Forecasting
Marketing Reports
OLAP
Report Export
Sales Reports
Scheduled / Automated Reports
"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
Budgeting & Forecasting
Dashboard
Goal Setting / Tracking
Idea Management
KPIs
Modeling & Simulation
Roadmapping
Scenario Planning
Scorecards

DataRails Reviews

Overall
5/5
Ease of Use
5/5
Customer Service
5/5

Showing Most Helpful

Showing 16 of 16 reviews

Showing Most Helpful

Showing 16 of 16 reviews

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Rating
Company Size
Reviewer's Role
Length of Use
Frequency of Use
Verified Reviewer
Construction, 1001-5000 employees
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 14, 2019

“Best investment for our finance team”

OverallWith 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
ProsFinance is pleased with the ease of use and accessibility of data
ConsWould be happy if there were more frequent updates
Reviewer Source 
Source: Capterra
August 14, 2019
Verified Reviewer
Logistics and Supply Chain, 10,001+ employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: GetApp
August 10, 2019

“Best financial tool out there, dependable and accurate”

OverallDataRails 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
ConsSometimes it was buggy when logging out. Other than that I can't think of any other notable cons, it really is a great system.
Reviewer Source 
Source: GetApp
August 10, 2019
Jim A.
VP FP&A
Retail, 5001-10,000 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: GetApp
August 20, 2019

“CPM of choice”

OverallDataRails 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.
Pros1-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
Conswould be nice if it had the option of drag and drop for inputs
Reviewer Source 
Source: GetApp
August 20, 2019
Theresa S.
Director of FP&A
Consumer Electronics, 1001-5000 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: GetApp
August 18, 2019

“CPM tool of choice, excellent value”

OverallIn 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.
ProsSeamless integration with Excel User friendly interface Has streamlined our budgeting process
ConsOccasionally there are glitches in our templates
Reviewer Source 
Source: GetApp
August 18, 2019
Verified Reviewer
Computer Software, 1001-5000 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
March 18, 2019

“Solves problems for us!”

OverallWe 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.
ProsThe way the features are now integrated with Excel, the more "active" way it organizes files tags and compares versions.
ConsI 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.
Reviewer Source 
Source: Capterra
March 18, 2019
Izik A.
Customer success manager
Computer Software, 1001-5000 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
March 26, 2019

“Finally addressing spreadsheet EUC”

OverallIt'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.
ProsSpreadsheets are inherently unstructured, and DataRails structured all my organizational data to allow for complete governance and compliance.
ConsHave been a customer for a year and don't have any yet.
Reviewer Source 
Source: Capterra
March 26, 2019
Verified Reviewer
Insurance, 10,001+ employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
March 13, 2019

“Great product, high ROI”

OverallThe 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.
ProsBefore 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.
ConsAs a SaaS solution, DataRails release a weekly versions which sometime require our teams to learn these changes on the go.
Reviewer Source 
Source: Capterra
March 13, 2019
Yafit M.
SOX - project manager
Insurance, 1001-5000 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
4/5
Customer Service
5/5
Features
4/5
Value for Money
3/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
March 7, 2019

“Helps track changes in Excel files”

OverallThe software is still in the process of implementation and improvements
ProsThe software is very good. Changes between versions can be easily identified. Displays the activity in the software. Customer Support is excellent.
ConsThe tree view and viewchanges in conected files.
Reviewer Source 
Source: Capterra
March 7, 2019
Avatar Image
Eric N.
VP FP&A
Financial Services, 5001-10,000 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 13, 2019

“Love this useful, insightful product”

Overall DataRails 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.
Pros-Insights feature is really useful -No more wasting time on something that can be automated -work better
Cons-Can't think of anything atm it's a platform I love using and it does that job well
Reviewer Source 
Source: Capterra
August 13, 2019
Verified Reviewer
Pharmaceuticals, 10,001+ employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
4/5
Features
4/5
Value for Money
5/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: Capterra
March 6, 2019

“Capacity routing management in Teva”

Overallmanage 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.
ProsVersion 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
ConsSome time the badge does not appears correctly on my computer and I cannot save into Datarails.
Reviewer Source 
Source: Capterra
March 6, 2019
Avatar Image
Catherine D.
FP&A Solution Architect
Medical Practice, 10,001+ employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 7, 2019

“Awesome tool for a great price ”

OverallWe've integrated DataRails within our finance department and it's just been great. For departments that rely heavily on Excel, this product is a must. All our information is in one place, it's accurate and reliable, and it boosts our confidence in the conclusions we draw from them. Really great, dependable tool.
ProsDataRails improves the accuracy and accountability of so many processes such as reporting and budgeting. It saves my department hundreds of hours of previously unnecessarily wasted time. Amazing tool!
ConsThe platform doesn't integrate with Excel 2007 which is a bummer.
Reviewer Source 
Source: Capterra
August 7, 2019
Verified Reviewer
Financial Services, 51-200 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 25, 2019

“Solid cloud FPA solution”

OverallOur finance team is incredibly satisfied with the experience with this platform. DataRails has changed the way we plan. It has enabled integrated and connected planning, enhancing our business and financial planning processes greatly in little time. A great product, we were able to take existing excel-based planning models and make them better with this FPA solution.
ProsWell built, simple tool. Backed up data on centralized database, great support
ConsNo cons worth mentioning. Our finance team is very happy with this platform.
Reviewer Source 
Source: Capterra
August 25, 2019
Verified Reviewer
Education Management, 5001-10,000 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 8, 2019

“the best platform if you work in FP&A”

OverallIt 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.
ProsAutomates consolidation, great Insights feature, reliable databasing
ConsWas a bit disappointed that it doesn't integrate with HeliumV
Reviewer Source 
Source: Capterra
August 8, 2019
Verified Reviewer
Logistics and Supply Chain, 10,001+ employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 11, 2019

“FPA tool to beat them all”

OverallBefore DataRails, it would take too much time to get final numbers. Excels pass through so many hands that you never really know how you ended up getting the figures you wind up with. DataRails ensures this no longer applies, without requiring my team to change how we work or requiring lengthy or complicated implementation. I'm very happy with what it has added to my team
ProsCloud focused, connects all data,allows for easy planning across different teams. Insights feature is fantastic for customized slicing of data. Information and changes are available instantly.
ConsI have nothing but good things to say about this platform
Reviewer Source 
Source: Capterra
August 11, 2019
Ryan L.
Director of FP&A
Oil & Energy, 5001-10,000 employees
Used the software for: Less than 6 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: GetApp
August 18, 2019

“Comprehensive planning and reporting”

OverallEmployees were accustomed to working with spreadsheets, but spreadsheets are not always the most effective tool to use. That's why we turned to DataRails. Accuracy of reports allows for accurate analyses. All our data is in one place and doesn't require much effort for processing. With DataRails we can track budgets, labor contributions, and finances. Cumulatively this helps us make better decisions.
ProsVery useful tool, allows for accurate analyses and planning
ConsCustomer support is great but tutorial videos would be useful
Reviewer Source 
Source: GetApp
August 18, 2019
Shauli S.
C&B
Internet, 1001-5000 employees
Used the software for: 6-12 months
Overall Rating
4/5
Ease of Use
3/5
Customer Service
5/5
Features
3/5
Value for Money
4/5
Likelihood to Recommend
8/10
Reviewer Source 
Source: Capterra
March 14, 2019

“review”

Prostechnology that saves time, great customer support
Consdoesn't fully support all of the required technological demands. buggy
Reviewer Source 
Source: Capterra
March 14, 2019