Datarails

RATING:

4.76

(38)

What is Datarails?

DataRails is a financial planning and analysis platform that automates financial reporting and planning, while enabling finance teams to continue benefiting from the familiar spreadsheets and financial models of Excel. Automating these time-consuming manual processes paves the way for finance teams to spend more time analyzing data and less time gathering it. And it empowers them to answer essential strategic questions like what their organizat...

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How much doesDatarails Cost?

This vendor has not provided pricing information.

What Features doesDatarails offer?

Top Datarails features and user ratings for each are:

Strategic Planning

4.0

(5)

Self-Service Reporting

4.3

(3)

General Ledger

4.5

(4)

Data Import/Export

4.7

(11)

Profit/Loss Statement

4.7

(7)

Dashboard

5.0

(4)

Multi-Company

4.3

(3)

Key Performance Indicators

4.3

(3)

Budgeting/Forecasting

4.5

(6)

Income & Balance Sheet

4.8

(8)

Consolidation/Roll-Up

4.8

(4)

Multi-Currency

4.3

(3)

Chart of accounts

5.0

(4)

Audit Trail

4.7

(3)

What Deployment Options doesDatarails offer?

Datarails offers the following deployment options:

Cloud, SaaS, Web-Based
Windows (Desktop)

Datarails does not offer:

Chromebook (Desktop)
iPhone (Mobile)
Mac (Desktop)
Linux (Desktop)
Android (Mobile)
iPad (Mobile)
Windows (On-Premise)
Linux (On-Premise)

Datarails Reviews

Overall Rating

4.76

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

5

Value for money

5

Functionality

4.5

Most Helpful Reviews for Datarails

1 - 5 of 38 Reviews

Craig

Verified reviewer

501-1,000 employees

Computer Software

Less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

Reviewed February 2022

DataRails Review by Craig Morrow

OVERALL RATING

5.0

EASE OF USE

5.0

VALUE FOR MONEY

5.0

CUSTOMER SUPPORT

5.0

FUNCTIONALITY

4.0

My experience with DataRails has been first class. I have assisted with a seamless integration for Budgeting purposes and have now rolled out the solution for month end reporting. In both scenario's I have been able to reduce the time required for completion by around 40%. I particularly like the approach of having the Customer Success Manager driving the implementation and having the single point of contact through the customer journey.

PROS

The ease in which the product was to learn and become and expert in. The functionality within the solution is exactly what any FP&A professional should be looking for in a solution. The implementation was extremely efficient as you start to build out real life business processes from the outset which mean you get a return on investment from day 1.

CONS

When deciding to partner with DataRails I was fully aware that they are at the beginning of solution development journey. However, DataRails are always keen to receive feedback on possible suggestions for improvement and are continuously developing and releasing improved functionality.

Reason for choosing Datarails

Implementation timescales, project milestones, cultural/company size growth alignment. Ease of use and value for money.

LeeAnn

1,001-5,000 employees

Sporting Goods

More than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

Reviewed January 2022

Product that exceeds expectations

OVERALL RATING

5.0

EASE OF USE

5.0

VALUE FOR MONEY

5.0

CUSTOMER SUPPORT

5.0

FUNCTIONALITY

5.0

In one word - "unbelievable" - I expected the software would be good, but once the software was up and running it exceeded expectations. The product drove down the manual time consuming data collection from 4 business days to a couple of hours. This was essential during the pandemic as more frequent turns of the forecast was required and without this software we would not have managed. The company used the product for other use cases we did not envision when we made the initial purchase.

PROS

Value for money, ease of use and accuracy. Because the program is excel based it did not take long for the team to master. Created an efficient process and removed the manual work from the department by automating the vast amounts of data in a matter of minutes. As the work load grew the product became more valuable to the company.

CONS

One difficulty was when a Microsoft patch was released it caused some issues with a formula, but the support desk was able to help correct when we brought it to their attention.

Reason for choosing Datarails

Cost and functionality where the drivers for the decision. Ease of use and how Datarails set up and built the software for us and helped us with a desktop procedure manual. The auditing function was key to help the company know where/if changes were made Excel backend - less intimidating for users

Elvamae

201-500 employees

Veterinary

Less than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

Reviewed January 2022

VIN Product Assessment

OVERALL RATING

4.0

EASE OF USE

4.0

CUSTOMER SUPPORT

4.0

FUNCTIONALITY

4.0

The customer support and response is excellent

PROS

Easy to navigate and set-up the dashboards

CONS

It doesn't work well with Quickbook Desktop. It requires a lot of manual processes. It does not automatically integrate with the QB desktop version. It's too cumbersome.

Reason for choosing Datarails

It was recommended by some of the accounting professionals at the AICPA conference

Christine

51-200 employees

Automotive

Less than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

Reviewed June 2022

Great forecasting/budgeting software

OVERALL RATING

4.0

EASE OF USE

5.0

VALUE FOR MONEY

5.0

CUSTOMER SUPPORT

5.0

FUNCTIONALITY

4.0

Great customer service, very quick to respond and very helpful walking me thru different ways to show my data that would be easiest to maintain. Easy to use product that adapts to your company, rather than having to adapt to the product.

PROS

This software was very easy to implement as we transitioned from a different software. what sold us on DataRails was the ability to continue to use our current reports. Dashboard views are also great, it gave us the ability to report on operations metrics , versus some software's that only focus on financial reporting. We also really liked the idea of having a dedicated customer rep , this has been extremely helpful thru the implementation, but also in creation of all our reports

CONS

Would like to see more development in consolidation/conversion, as well as adding to dashboard reporting.

Reason for choosing Datarails

Easy of use, ability to set up based on our company needs without having to re-set our whole process, Cost

Reasons for switching to Datarails

Current software was very limited, we were looking for a solution to incorporate metrics into dashboards that would be easy to manage.

Anonymous

1,001-5,000 employees

More than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

Reviewed August 2019

Best investment for our finance team

OVERALL RATING

5.0

EASE OF USE

5.0

VALUE FOR MONEY

5.0

CUSTOMER SUPPORT

5.0

FUNCTIONALITY

5.0

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

PROS

Finance is pleased with the ease of use and accessibility of data

CONS

Would be happy if there were more frequent updates

Reason for choosing Datarails

We wanted to keep working on Excel. DataRails lets us do that, whereas other platforms asked us to migrate our information to their system.

Vendor Response

Well said! Providing a reporting solution that works on excel is what separates us from our competitors. Please get in touch with your account manager to hear about our most recent updates, they are pretty exciting!

Replied December 2021