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.

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.

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.

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.

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.

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.

The customer support and response is excellent

Easy to navigate and set-up the dashboards

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.

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

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

Would be happy if there were more frequent updates

DataRails 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.

-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

Sometimes it was buggy when logging out. Other than that I can't think of any other notable cons, it really is a great system.

We have had an excellent experience with the DataRails implementation Team. The person assigned to our account [SENSITIVE CONTENT] is very responsive to our questions and he has been able to trouble shoot all challenges that we have found during our configuration and implementation process. This Excellent Customer service is the primary reason why we stayed with DataRails.

We found the software very easy to implement as we were able to quickly interface our current Excel Spreadsheets with DataRails.

We are currently using DataRails primarily for Budgeting and we are using a significant number of spreadsheets/Budget Schedules to feed into the budget. The more sheets you add, the more DataRails slows down in order to update the budget when you revised one of these spreadsheets. If different people are updating various spreadsheets at the same time, it takes more time for DataRails to update all budget figures.

It’s an easy tool to use and train on. Very adaptable, can look at our data in many different and useful ways with the Insights feature. Integrates with our ERP flawlessly. Can make changes in real time so decision makers always know exactly what’s happening and base the organizational direction on fresh data. Model building is straightforward, visualizations are enlightening, integrations are easy.

Using DataRails I can visualize data that I previously didn't have access to, this is by far the biggest pro-you can tap into data you've always had but previously couldn't work with. Other than that it's really easy to use, implementation is not lengthy, great customer service.

Occasionally freezes but I figure that happens with any sort of system

Prior to DataRails our FP&A was run exclusively through maintaining numerous excel files which resulted in a much longer monthly close process. Through DataRails, we were able to automate the generation of our allocation based segment/product P&Ls, and monthly variance reporting to Budget/prior forecast. DataRails also reduced the probability of human error.

The overall flexibility of the platform. DataRails was able to create exactly what I wanted using our existing data structure and financial models. DataRails was able to replicate all of the benefits of other more well known Planning Solutions at a much lower investment cost - both financial and human capital.

Certain aspects of our monthly forecasting process require more manual intervention than other more mature planning applications.

DataRails 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.

1-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

would be nice if it had the option of drag and drop for inputs

In 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.

Seamless integration with Excel User friendly interface Has streamlined our budgeting process

Occasionally there are glitches in our templates

Great solution for planning across a distributed organization. Can handle multiple systems and locations with ease. It’s flexible, easy to use, and allows for planning at a granular level to improve budgeting and forecasting. Staff is always nice and easy to work with. Integrates well with other systems.

Allows for the reduction of errors, improves reporting, more time for analysis

Takes a little bit of getting used to but what system doesn’t

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.

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

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

Overall, DataRails has been great for our business. We are moving from using manual spreadsheets for financial reporting into automating this process in order to save time and look forward for trends, instead of always looking back in time at our data. It has been smooth and will be an easy transition for us. Above all else, [SENSITIVE CONTENT] has been super helpful. [SENSITIVE CONTENT] is simply the best. In addition, the Dashboard views are something that will be a great value add as we continue to introduce our portfolio companies to this software, as we are trying to sophisticate some of these businesses and force our business leaders to be continually on top of their financials, business, operations, and more.

My favorite part about this software is how easy it is to understand the logic that is going on behind the scenes. We are a holding company of 18 different operating companies using DataRails to automate our financial reporting process, as well as house all of our financial data in one system. Knowing how it works behind the scenes in critical and using the backend mapping is easy in order to make changes, fix errors, etc.... It makes it pretty easy to understand for the average user.

There is always room for improvement, like with anything. I think the biggest challenge for our company is not having all our accounting systems integrated into the system due to some industry specific accounting softwares not being able to integrate into DR. I think one thing that would be great would be more training videos or education in order to not rely on the customer success manager as much, just to improve efficiency and time.

Having a dedicated Customer Success Manager has been wonderful.

This product has allowed me to maintain my existing excel worksheets while speeding the closing process and allowing me to focus on variance analysis as opposed to simply on reporting

I would like to see waterfall charts as part of the graphic offered