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DataRails Review
What is DataRails?
DataRails is an augmented intelligence platform built for finance professionals to work on data independently. It automates various processes including reporting, forecasting, financial close management, workforce management, and revenue performance management. Users can uncover actionable insights and eliminate data silos as you can manage cross-organizational data on your own.
This spreadsheet management tool is designed to make Excel spreadsheet data-related tasks more streamlined and efficient. Excel spreadsheets have been vital to the success and growth of many businesses, but many are missing opportunities because spreadsheet data can be so overwhelming and finding rich and highly actionable insights in mountains of information is a huge enterprise. DataRails changes all that.
Leveraging powerful machine-learning and algorithmic technology, DataRails enables users to track, gather, and consolidate spreadsheets from multiple departments and individuals, analyze complex and unstructured data, squeeze out useful information, and then deliver all this data in visualizations, charts, and graphs that are easy to understand and digest.
This results in insights that business organizations can use to help them make intelligent decisions, effectively align their strategies to their goals, and ensure the success and growth of their enterprise.
Show MoreOverview of DataRails Benefits
Centralize Your Records
Data from your ERP, CRM, GL and other business systems are consolidated in one place. This way, the integrity of the company’s transactional and operational data is secure, updated and in sync with each other.
Fast and Automated Data Preparation
Utilizing its own proprietary machine-learning algorithm, DataRails is able to consolidate and analyze data from hundreds of Excel spreadsheets and turn them into something you can easily understand and make sense out of. Aside from consolidation, transformation includes doing FX conversion, elimination, hierarchies, and financial modifications. The whole process is completed quickly, which saves you time and resources from extracting insights from spreadsheets.
Create Clear Visualizations
Using the Insights feature, you can visualize reports in a neat and easy-to-grasp manner. The features help you present clearly your KPIs or other business insights to executives or other stakeholders. DataRails can also utilize Excel’s visualization tools to generate reports.
With Insights, you can do advanced investigations with tools for slice-and-dice, drag-and-drop, drill-down and ad-hoc capabilities. You can investigate key business metrics like variance and vertical/horizontal analyses.
Eliminate Errors
One of the biggest drawbacks of working with spreadsheets is that they are prone to errors such as miscalculations and wrong entries. Placing a piece of information in the wrong field can instantly affect your work in the most adverse way. With DataRails, you never have to deal with errors, thanks to its full comprehensive spreadsheet data integrity and version management capabilities.
Full Compliance
DataRails strictly adheres to numerous regulatory policies and mandates including SOX, Basel III, Solvency II, Dodd-Frank Stress Tests (DFAST) and Comprehensive Analysis and Review (CCAR). You don’t have to worry about being compliant when you perform comprehensive audit trails. Also, such functionality greatly mitigates risks, ensuring every step you make is within policy.
Show MoreOverview of DataRails Features
- Auto backup & version management
- Logical version comparison
- Cell dependencies drill down
- Spreadsheet error prevention
- Proactive spreadsheets management
- Full spreadsheet audit trail
- Spreadsheet data loss prevention
- Template management
- Real-time alerts
- Web-based, real-time dashboards
- Data over time (time series)
- File and data consolidation
- Automated data distribution & collection
- Scenario analysis (“what if” analysis)
What Problems Will DataRails Solve?
Problem #1: FP&A departments often spend too much time consolidating information in order to create reports for management. With DataRails, this consolidation process is automated, thereby saving time and eliminating tedious work.
Problem #2: Since FP&A involves consolidating information from different teams and departments and information can get lost in the process or inadvertently manipulated. DataRails provides a cell-level audit trail and immediate data integrity, meaning that professionals can trust the numbers they are working with.
Problem #3: FP&A teams often spend too much time bringing all the numbers together. With DataRails, teams can focus on analysis and bringing value-added information to decision-makers. DataRails includes Insights features that lets users create visualizations that illuminate what were once inaccessible insights.
Awards & Quality Certificates
DataRails Position In Our Categories
Since businesses have their own business demands, it is wise that they abstain from purchasing an all-in-one, ”best” solution. Be that as it may, it would be difficult to try to find such application even among recognizable software systems. The better step to do can be to set down the varied essential aspects which need scrutiny such as essential features, price terms, skill ability of the users, business size, etc. The second step is, you should perform your research to a full extent. Read some of these DataRails analyses and scrutinize each of the software options in your list in detail. Such well-rounded product research guarantee you stay away from unfit apps and pay for the system which delivers all the aspects your company requires for optimal results.
Position of DataRails in our main categories:
TOP
50
DataRails is one of the top 50 Accounting Software products
TOP
50
DataRails is one of the 50 Business Intelligence Software products
TOP
20
DataRails is one of the top 20 Business Process Management Software products
There are popular and widely used solutions in each software group. But are they automatically the best fit for your enterprise’s special wants? A market-leading software solution may have thousands of customers, but does it present what you require? For this reason, do not blindly shell out for popular systems. Read at least a few DataRails Budgeting Software reviews and consider the factors that you wish to have in the software such as the cost, main functionality, available integrations etc. Then, choose a few solutions that fit your needs. Check out the free trials of these products, read online opinions, get explanations from the seller, and do your homework thoroughly. This profound homework is certain to aid you find the most excellent software application for your firm’s special needs.
How Much Does DataRails Cost?
DataRails Pricing Plans:
Free Trial
Quote-based Plan
Contact Vendor
What are DataRails pricing details?
DataRails Pricing Plans:
Free Trial
Quote-based Plan
Contact Vendor
Contact DataRails for information on their basic and enterprise pricing information. You can also submit a demo request to see if the software fits for your business.
User Satisfaction
Positive Social Media Mentions
53
Negative Social Media Mentions
0
We know that when you decide to purchase a Budgeting Software it’s crucial not only to see how professionals rank it in their reviews, but also to check if the actual people and companies that purchased this software are actually satisfied with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and DataRails reviews across a broad array of social media sites. The information is then featured in a simple to understand form indicating how many customers had positive and negative experience with DataRails. With that information at your disposal you should be prepared to make an informed purchasing choice that you won’t regret.
Technical details
Devices Supported
- Windows
Deployment
- Cloud Hosted
- On Premise
- Open API
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for DataRails?
DataRails integrates with the following business systems and applications:
- Netsuite
- Infor
- Microsoft Dynamics
- Intuit Quickbooks
- Epicor
- Xero
- Sage
- Oracle
- SAP
DataRails User Reviews
DataRails average rating:
5/5
Overall impression
5/5
Customer Support
5/5
Value for Money
4/5
Ease of Use
Write your own review of this product
ADD A REVIEWThe most favorable review
PROS: This program created a centralized system for all our finance-related tasks and data. Having a centralized system improves our reporting, communication within the team, and access to data of team members.
CONS: It crashed a few times when there are so many tasks running.
The least favorable review
PROS: This app automated our finance processes and consolidated all our financial data. It reduces the time we're spending on such tasks. The customer service is amazing, too!
CONS: We love this product so much. There's nothing to dislike!
More reviews from 14 actual users:
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Latest
- Latest
- Most useful
- Most positive
- Most negative
Every Finance Team needs this!
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 07.11.2021
Company Size: More than 100 Employees
Industry: Financial Services
PROS: I love the insights feature of this app! This is especially useful for finance teams!
CONS: There might be better systems.
My new favorite resource consolidating tool!
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 01.11.2021
Company Size: More than 100 Employees
Industry: Marketing and Advertising
PROS: We mainly use this tool for consolidating financial statements of our different global offices. It is accurate and reliable. I love how easy it is to use!
CONS: I have nothing bad to say about this product. I love it.
Much needed tool for planning!
Read full review >
4/5
Overall impression
3/5
Customer Support
3/5
Value for Money
4/5
Ease of Use
Published on: 04.09.2021
Company Size: More than 100 Employees
Industry: Information Technology and Services
PROS: This app automated our finance processes and consolidated all our financial data. It reduces the time we're spending on such tasks. The customer service is amazing, too!
CONS: We love this product so much. There's nothing to dislike!
DataRails is an amazing tool! Great find!
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 04.09.2021
Company Size: More than 100 Employees
Industry: Chemicals
PROS: This is an essential tool for our team because it saves us loads of time, streamlines our tasks, and reduces the possibility of human error!
CONS: It did crash a few times since we started using it. But no data is lost.
A must-have for your business!
Read full review >
5/5
Overall impression
5/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 24.08.2021
Company Size: More than 100 Employees
Industry: Information Technology and Services
PROS: DataRails allows me to visualize data which is important when planning for our business. It's user-friendly and really simple. Plus they really have great customer support!
CONS: The app sometimes lags, but it's not that serious.
Use this for finance reporting!
Read full review >
5/5
Overall impression
5/5
Customer Support
5/5
Value for Money
5/5
Ease of Use
Published on: 25.05.2021
Company Size: More than 100 Employees
Industry: Public Relations and Communications
PROS: This app organizes our data into one centralized system which makes it easier for us to search and extract needed information.
CONS: The app lagged a few times before.
I enjoy using this software!
Read full review >
5/5
Overall impression
5/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 31.03.2021
Company Size: More than 100 Employees
Industry: Oil & Energy
PROS: This app automatically consolidates data and numbers which makes it easier and faster for us to accomplish our tasks in the Finance Department.
CONS: Perfect app!
Top Finance tool in the market for me!
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 16.03.2021
Company Size: More than 100 Employees
Industry: Package/Freight Delivery
PROS: I love this app so much because it's cloud-based which allows collaboration and transparency between different teams in our company. It's always updated and any changes in data are reflected in real-time. My favorite part of this app is the Insights feature!
CONS: Great, great platform! I have nothing bad to say.
Total upgrade for our team!
Read full review >
5/5
Overall impression
5/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 24.02.2021
Company Size: More than 100 Employees
Industry: N/A
PROS: This app has helped our Finance team on so many levels! It significantly improved our planning process. We're also creating more detailed and comprehensive reports. We're also able to get a visualized forecasting of data trends.
CONS: Users need to know how to use Excel to efficiently use this app.
Our team loves it!
Read full review >
5/5
Overall impression
4/5
Customer Support
5/5
Value for Money
4/5
Ease of Use
Published on: 30.01.2021
Company Size: More than 100 Employees
Industry: Financial Services
PROS: My favorite feature of this program is the Insights because it visualizes the data that we have. I love its integration with Excel!
CONS: I hope they would allow integrations with old software. That would be really, really nice.
Excellent tool for your financial system
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 16.03.2020
Company Size: 1-10 Employees
Industry: Marketing and Advertising
PROS: It promotes transparency among teams! I love that its beginner-friendly! It doesn't need a professional to understand it.
CONS: I had quite a few experiences where the program crashed while I was using it.
Dynamic Finance tool!
Read full review >
5/5
Overall impression
5/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 13.03.2020
Company Size: More than 100 Employees
Industry: Insurance
PROS: This app centralizes all our data sets which makes our reporting so much quicker and faster. The visualization of data is the cherry on top of this functional program!
CONS: We did experience some lags, but it rarely happens.
Great for planning!
Read full review >
5/5
Overall impression
4/5
Customer Support
5/5
Value for Money
4/5
Ease of Use
Published on: 12.03.2020
Company Size: More than 100 Employees
Industry: Non-Profit Organization Management
PROS: The best part of this program is that it allows users to monitor changes in the datasets easily. It tracks numbers and changes are reflected real-time.
CONS: I experienced a couple of glitches where it prevented me from signing in.
Accurate finance reporting!
Read full review >
5/5
Overall impression
5/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 09.03.2020
Company Size: More than 100 Employees
Industry: Financial Services
PROS: This program created a centralized system for all our finance-related tasks and data. Having a centralized system improves our reporting, communication within the team, and access to data of team members.
CONS: It crashed a few times when there are so many tasks running.
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DataRails user reviews
Every Finance Team needs this!
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 07.11.2021
Company Size: More than 100 Employees
Industry: Financial Services
My new favorite resource consolidating tool!
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 01.11.2021
Company Size: More than 100 Employees
Industry: Marketing and Advertising
Much needed tool for planning!
Read full review >
4/5
Overall impression
3/5
Customer Support
3/5
Value for Money
4/5
Ease of Use
Published on: 04.09.2021
Company Size: More than 100 Employees
Industry: Information Technology and Services
DataRails is an amazing tool! Great find!
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 04.09.2021
Company Size: More than 100 Employees
Industry: Chemicals
A must-have for your business!
Read full review >
5/5
Overall impression
5/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 24.08.2021
Company Size: More than 100 Employees
Industry: Information Technology and Services
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