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DataRails Review

DataRails
Our score: 8.9 User satisfaction: 100%

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.

Overview 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.

Overview 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

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

DataRails Position In Our Categories

Because businesses have specific business needs, it is reasonable they avoid purchasing an all-in-one, ideal business application. At any rate, it is futile to try to discover such application even among sought-after software products. The practical thing to do should be to jot down the numerous main functions which demand research such as major features, budget, technical skill competence of staff, organizational size, etc. Then, you should perform the research exhaustively. Go over these DataRails evaluations and look over the other software systems in your shortlist in detail. Such well-rounded product research ascertain you circumvent poorly fit apps and subscribe to the one that meets all the benefits you require company requires in sustaining growth.

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

DataRails is also listed in the following subcategories:

Every enterprise has its own characteristics, and may require a special Budgeting Software solution that will be adjusted to their business size, type of clients and employees and even individual industry they support. We advise you don't count on locating a perfect solution that is going to work for each business no matter what their background is. It may be a good idea to read a few DataRails Budgeting Software reviews first and even then you should remember what the solution is supposed to do for your business and your workers. Do you need an easy and straightforward solution with only basic features? Will you actually use the complex tools required by experts and large enterprises? Are there any specific tools that are especially useful for the industry you work in? If you ask yourself these questions it will be much easier to get a solid software that will match your budget.

How Much Does DataRails Cost?

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 realize that when you make a decision to buy Budgeting Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and DataRails reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with DataRails. With that information at hand you should be equipped to make an informed buying decision 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?

  • email
  • phone
  • live support
  • training
  • tickets

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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.

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
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Reviewed By Nestor Gilbert
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