TrustRadius Insights
Users have seamlessly integrated DataRails for budgeting purposes, reducing completion time by around 40%. The software has exceeded …
Overview
What is DataRails?
DataRails is an FP&A solution that automatically consolidates data from all existing organizational systems (ERP, GL, CRM, and HR data). It is designed so users can keep working on Excel while benefiting from automated data transformations.The vendor states users…
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What is DataRails?
DataRails is an FP&A solution that automatically consolidates data from all existing organizational systems (ERP, GL, CRM, and HR data). It is designed so users can keep working on Excel while benefiting from automated data transformations. The vendor states users will enjoy a 360-degree…
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- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Demos
FP&A Product Demo (Full-length Datarails Product Tour)
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Why fractional CFOs need Datarails
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Datarails Tel Aviv Demo Day Pitch
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Product Details
- About
- Integrations
- Competitors
- Tech Details
What is DataRails?
DataRails is an FP&A solution that automatically consolidates data from all existing organizational systems (ERP, GL, CRM, and HR data). It is designed so users can keep working on Excel while benefiting from automated data transformations.
The vendor states users will enjoy a 360-degree view of consolidated data for easy reporting, simple visuals, and in-depth analytics. With DataRails, users can perform advanced investigations into data to extract actionable, attainable insights.
DataRails Features
Budgeting, Planning, and Forecasting Features
- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Intercompany Eliminations
- Supported: Minority Ownership
- Supported: Local and consolidated reporting
- Supported: Detailed Audit Trails
Financial Reporting and Compliance Features
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Excel-based Reporting
- Supported: Automated board and financial reporting
- Supported: XBRL support for regulatory filing
Analytics and Reporting Features
- Supported: Personalized dashboards
- Supported: Color-coded scorecards
- Supported: KPIs
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
- Supported: Benchmarking with external data
Integration Features
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
BI Standard Reporting Features
- Supported: Pixel Perfect reports
- Supported: Customizable dashboards
- Supported: Report Formatting Templates
Ad-hoc Reporting Features
- Supported: Drill-down analysis
- Supported: Formatting capabilities
- Supported: Predictive modeling
- Supported: Integration with R or other statistical packages
- Supported: Report sharing and collaboration
Report Output and Scheduling Features
- Supported: Publish to Web
- Supported: Publish to PDF
- Supported: Report Versioning
Access Control and Security Features
- Supported: Multi-User Support (named login)
- Supported: Role-Based Security Model
- Supported: Multiple Access Permission Levels (Create, Read, Delete)
- Supported: Report-Level Access Control
- Supported: Single Sign-On (SSO)
Mobile Capabilities Features
- Supported: Responsive Design for Web Access
- Supported: Dashboard / Report / Visualization Interactivity on Mobile
DataRails Screenshots
DataRails Video
Product Introduction
DataRails Integrations
- NetSuite ERP
- Xero
- Infor
- Intuit Quickbooks
- Microsoft Dynamics
- Sage
- Oracle
- SAP
- Epicor
DataRails Competitors
DataRails Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Mac |
| Mobile Application | Mobile Web |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
Users have seamlessly integrated DataRails for budgeting purposes, reducing completion time by around 40%. The software has exceeded expectations by driving down manual data collection time from 4 business days to a couple of hours. It has been great for automating financial reporting processes, saving time and allowing users to focus on forward-looking trends. Additionally, the platform has provided excellent customer support throughout the implementation and use of the software. DataRails has brought about improvements in key processes such as weekly and monthly close, annual budgeting, rolling forecast, cashflow reporting, and KPI dashboards. The cloud-based solution has allowed for continued Excel use and easy access to tables from different files, enhancing financial modeling capabilities. Overall, users find DataRails easy to use and train on, with adaptable features, real-time changes, straightforward model building, and easy integrations with other systems. The platform is flexible and allows for planning at a granular level, improving budgeting and forecasting in distributed organizations. Furthermore, DataRails has provided a consolidation planning tool that allows for the continued use of Excel while providing better control and flexibility in reporting financial results. Users rely on DataRails for data verification, comparing versions of financial reporting decks and spreadsheets, and collaborating in data collection and preparation. It has also been highly valuable for compliance and SOX teams, offering transparency and fast onboarding.
Self-service platform: Users appreciate the self-service nature of DataRails, allowing them to efficiently manage their financial planning without requiring a ton of resources. Several users have mentioned this as a key benefit.
User-friendly interface: The user interface of DataRails is praised for being user-friendly and intuitive, making it easy for users to navigate and perform tasks. Many reviewers have specifically highlighted the ease of use and simplicity of the interface.
Locking function: The locking function in DataRails is highly appreciated by users as it ensures the integrity of financial planning templates and eliminates concerns about who did what and when. Several users have mentioned this feature as valuable in maintaining data accuracy and security.
Difficulties with Refreshing and Reloading Data: Some users have experienced difficulties when refreshing and reloading data, which has caused inconvenience. They have mentioned that the process can be slow, leading to delays in accessing updated information.
Need for Regular Synchronization of Information: Users have mentioned the need to regularly synchronize information in order to ensure it is updated. This additional step adds complexity to their workflow and requires extra effort on their part.
Challenges with Support Features Navigation: Initially, some users found the support features difficult to navigate but mentioned that with routine use, it became easier. However, this learning curve at the beginning can cause frustration and hinder their ability to quickly access the necessary support resources.
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