Datarails Features
What are the features of Datarails?
Budget Creation
- Data Import
- Formulas
Data Management
- Data Import
- Data Consolidation
- Data Validation
Reporting Structure
- Reporting Hierarchy
- Report Templates
- Report Types
Standard Analytics
- Standard KPIs
- Standard Reports
- Financial Statements
- Drill Down
Custom Analytics
- Dashboards
- Custom Reports
- Self Service
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Datarails Categories on G2
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Financial Insight
Budgeting | Based on 40 Datarails reviews and verified by the G2 Product R&D team. Uses collected data to assist organizations in understanding what they can afford now, and in years to come. | 86% (Based on 40 reviews) | |
Forecasting | Based on 41 Datarails reviews and verified by the G2 Product R&D team. Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline. | 84% (Based on 41 reviews) | |
Planning | Based on 40 Datarails reviews and verified by the G2 Product R&D team. Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly. | 83% (Based on 40 reviews) |
Data
Data Visualization | Based on 43 Datarails reviews and verified by the G2 Product R&D team. Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts. | 91% (Based on 43 reviews) | |
Data Analysis | Based on 46 Datarails reviews and verified by the G2 Product R&D team. Scours data for actionable insights. | 88% (Based on 46 reviews) | |
Custom Reporting | Based on 45 Datarails reviews and verified by the G2 Product R&D team. Allows users to customize their own reports according to business needs. | 93% (Based on 45 reviews) | |
Reporting Templates | Based on 43 Datarails reviews and verified by the G2 Product R&D team. Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions. | 86% (Based on 43 reviews) |
Status Communication
Collaboration | Based on 41 Datarails reviews and verified by the G2 Product R&D team. Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users. | 89% (Based on 41 reviews) | |
Version Control | Based on 42 Datarails reviews and verified by the G2 Product R&D team. Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance. | 92% (Based on 42 reviews) | |
Real-Time Data Updates | Based on 45 Datarails reviews and verified by the G2 Product R&D team. Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information. | 93% (Based on 45 reviews) |
Budget Creation
Data Import | Based on 92 Datarails reviews. Import trial balance, monthly P&L, balance sheets, and other types of financial data | 90% (Based on 92 reviews) | |
Budget Hierarchies | Define budget structure elements and how they are linked hierarchically This feature was mentioned in 79 Datarails reviews. | 84% (Based on 79 reviews) | |
Versioning | Based on 78 Datarails reviews. Keeps track of all versions of a budget and allows users to compare versions | 88% (Based on 78 reviews) | |
Formulas | Based on 89 Datarails reviews. Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues | 85% (Based on 89 reviews) | |
What-If | Test the potential financial impact of business decisions on revenues and expenses This feature was mentioned in 58 Datarails reviews. | 78% (Based on 58 reviews) | |
Budget Periods | Users can customize standard budget periods (3, 9, or 12 months) This feature was mentioned in 84 Datarails reviews. | 87% (Based on 84 reviews) |
Budget Management
Consolidation | Consolidate multiple budgets from different departments or business entities This feature was mentioned in 85 Datarails reviews. | 88% (Based on 85 reviews) | |
Adjustments | Users with administrative access rights can modify budgets 72 reviewers of Datarails have provided feedback on this feature. | 84% (Based on 72 reviews) | |
Workflows | As reported in 68 Datarails reviews. Workflows are used to define the steps required to alter budgets and who needs to approve changes | 78% (Based on 68 reviews) |
Forecasting
Historical Data | As reported in 82 Datarails reviews. Forecasting is based on past transactions and historical financial or operational data | 88% (Based on 82 reviews) | |
Reforecast | Based on 73 Datarails reviews. Ability to recreate forecasts to include new information that may impact budgets | 82% (Based on 73 reviews) | |
Forecast Types | Based on 71 Datarails reviews. Support multiple types of forecasts such as balance sheet and cash flow forecasts | 82% (Based on 71 reviews) | |
Rolling Forecasts | Used to review and update budgeting assumptions for a predefined period (usually one year) 71 reviewers of Datarails have provided feedback on this feature. | 80% (Based on 71 reviews) | |
AI | Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns 35 reviewers of Datarails have provided feedback on this feature. | 60% (Based on 35 reviews) |
Analytics
Variance Analysis | Project out as the year progresses to accommodate trends that affect key business drivers. This feature was mentioned in 82 Datarails reviews. | 83% (Based on 82 reviews) | |
Forecasts Comparison | As reported in 74 Datarails reviews. compare Income Statement, Balance Sheet, and Cash Flow for multiple periods | 83% (Based on 74 reviews) | |
Forward Looking | Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data 66 reviewers of Datarails have provided feedback on this feature. | 83% (Based on 66 reviews) |
Data Management
Data Import | Financial information can be imported from multiple sources such as spreadsheets, text files, or databases This feature was mentioned in 110 Datarails reviews. | 91% (Based on 110 reviews) | |
Data Consolidation | Data from multiple systems can be centralized into a single repository This feature was mentioned in 109 Datarails reviews. | 90% (Based on 109 reviews) | |
Data Validation | Based on 107 Datarails reviews. Financial data can be validated to avoid duplicates and errors | 85% (Based on 107 reviews) |
Reporting Structure
Reporting Hierarchy | Based on 91 Datarails reviews. Administrators can define and manage the reporting structure and access rights to each report | 84% (Based on 91 reviews) | |
Report Templates | As reported in 97 Datarails reviews. Templates that can be used to create new reports without starting from scratch | 79% (Based on 97 reviews) | |
Report Types | Based on 100 Datarails reviews. Provide multiple types of reports such as point-in-time or snapshot reports, year over year, or time to date | 83% (Based on 100 reviews) |
Standard Analytics
Standard KPIs | Based on 88 Datarails reviews. Include most common financial KPIs such as gross and net profit margin, or working capital | 83% (Based on 88 reviews) | |
Standard Reports | Standard financial reports are provided out of the box This feature was mentioned in 97 Datarails reviews. | 82% (Based on 97 reviews) | |
Financial Statements | See feature definition | Based on 101 Datarails reviews. Ability to analyze financial statements such as income statement and balance sheet | 86% (Based on 101 reviews) |
Drill Down | Based on 106 Datarails reviews. Users can drill down to the detail level of each transaction or financial entry | 89% (Based on 106 reviews) |
Custom Analytics
Dashboards | Based on 103 Datarails reviews. Dashboards can be customized to display different types of data from various sources | 84% (Based on 103 reviews) | |
Custom KPIs | Based on 87 Datarails reviews. Users can modify standard financial KPIs and metrics | 85% (Based on 87 reviews) | |
Custom Reports | Allow users to edit reports and to combine multiple reports This feature was mentioned in 102 Datarails reviews. | 88% (Based on 102 reviews) | |
Self Service | Based on 100 Datarails reviews. A dedicated portal for external users with limited access to the system | 81% (Based on 100 reviews) | |
Multiple Entities | Based on 50 Datarails reviews. Monitors the financial performance of multiple entities | 84% (Based on 50 reviews) |
Reconciliation
Consolidation | Based on 57 Datarails reviews and verified by the G2 Product R&D team. Data from multiple systems can be centralized into a single repository | 89% (Based on 57 reviews) | |
Management | Based on 54 Datarails reviews and verified by the G2 Product R&D team. Financial information can be imported from multiple sources such as spreadsheets, text files, or databases | 87% (Based on 54 reviews) |
Reporting
Report Types | Based on 59 Datarails reviews and verified by the G2 Product R&D team. Provide multiple types of reports such as point-in-time snapshot reports, or year over year | 84% (Based on 59 reviews) | |
Standard | Based on 60 Datarails reviews and verified by the G2 Product R&D team. Offers standard financial reports out of the box | 79% (Based on 60 reviews) | |
Custom | Based on 58 Datarails reviews and verified by the G2 Product R&D team. Allows users to edit reports and to combine multiple reports | 84% (Based on 58 reviews) |
Closing Process
Audit | Based on 45 Datarails reviews and verified by the G2 Product R&D team. Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals. | 76% (Based on 45 reviews) | |
Journal Entries | Based on 44 Datarails reviews and verified by the G2 Product R&D team. Adjusts journal entries in order to have an accurate balance sheet and income statement | 71% (Based on 44 reviews) | |
Distribution | Based on 46 Datarails reviews and verified by the G2 Product R&D team. Financial statements and statistical reports (such as KPI) can be assembled into financial packages | 78% (Based on 46 reviews) |
Financial Planning
Extended Planning | Based on 33 Datarails reviews and verified by the G2 Product R&D team. Analysis that creates business plans outside of finance, including sales, marketing, or HR. | 80% (Based on 33 reviews) | |
Reporting | Based on 41 Datarails reviews and verified by the G2 Product R&D team. Reports on departmental KPI metrics measured against targets. | 91% (Based on 41 reviews) | |
Integration | Based on 39 Datarails reviews and verified by the G2 Product R&D team. Consolidates planning processes across an organization into a single solution. | 90% (Based on 39 reviews) |
