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Datarails Reviews & Product Details - Page 3

Datarails Overview

What is Datarails?

Datarails is the AI-powered Financial Planning and Analysis platform for Excel users. Datarails allows finance teams to continue to reap all the benefits you love from Excel, while bringing data consolidation, advanced visualization, reporting and AI capabilities to uncover strategic business insights.

Datarails Details
Product Website
Languages Supported
English
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Product Description

Data Integrity for Spreadsheets. Datarails is a spreadsheet management solution for financial organizations.


Seller Details
Seller
Datarails
Company Website
Year Founded
2015
HQ Location
New York
Twitter
@datarails
1,102 Twitter followers
LinkedIn® Page
www.linkedin.com
232 employees on LinkedIn®
Description

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 organization can do to increase revenue and reduce expenses.


Anouk A.
AA
Overview Provided by:

Recent Datarails Reviews

RK
Ryan K.Mid-Market (51-1000 emp.)
4.5 out of 5
"Reliable, Easy to use reporting platform"
Datarails is an affordable financial reporting option. Data from multiple sources can be consolidated in one system for insightful financial report...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
4.5 out of 5
"Datarails - the best FP&A tool"
1. Dashbords and storybords - super easy too use to reach high level drilldown 2. UX 3. New features and improvment are being added all time 4. ...
CHANDRASEKHAR M.
CM
CHANDRASEKHAR M.Enterprise (> 1000 emp.)
5.0 out of 5
"easy access across the Globe"
Datarails helps me in day to day work life made my work more easy andvery easy of intregration
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Datarails Media

Datarails Demo - Consolidation
Automate the collection of data from across your organization and bring it all to one place
Datarails Demo - Data Visualization
Embrace the notion that not everyone loves a spreadsheet as much as you do, and use graphs and charts to share the story of your data and collaborate with other teams
Datarails Demo - Forecasting
Plan ahead to make sure your company’s business decisions are founded on informed and up-to-date projections
Datarails Demo - Budgeting
Estimate costs and revenues for the entire business, while bringing order to your budget collection process and saying goodbye to back-and-forth emails
Datarails Demo - Financial Reporting & Monthly Close
Streamline your financial close by automating repetitive tasks like preparing your P&L, balance sheet and cash flow statement
Datarails Demo - Variance Analysis
Dive deeper into your financial or operational data to examine anything from key variance drivers to head count, sales performance, COGS and (virtually) everything in between
A quick glance into our AI-powered FP&A chat, FP&A Genius
Play Datarails Video
A quick glance into our AI-powered FP&A chat, FP&A Genius
Answer a few questions to help the Datarails community
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170 Datarails Reviews

4.6 out of 5
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170 Datarails Reviews
4.6 out of 5
170 Datarails Reviews
4.6 out of 5

Datarails Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for DatarailsQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
JH
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Datarails?

Because I can work directly in Excel, I can build templates, models, and reports exactly as I need them--without learning new software or new formula syntax. I can move fast and leverage all of Excel's features without being hampered by limitations of other software that tries to duplicate Excel but can never quite get there. DataRails is simple enough that I don't need to waste money on expensive professional services. File management, where every version of a file is saved and tagged automatically for the correct financial period, has turned out to be one of the most underrated features. My budget owners find the weirdest ways to mess up their file or lose data, but with DataRails, I never lose their template and prior work. We have been able to do more in five months on DataRails than five years on our last software. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

Exporting large volumes of data or directly integrating to BI tools like Tableau could be improved. Permission management is time consuming and highly detailed. I wish there was a better way to lock an entire version with one or two clicks. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

Allowing my budget owners to work in Excel, with standardized templates, helps them work intuitively without the need for me to train everyone on new budgeting software. Our reporting and modeling is now largely automated and the data is validated and accruate. We have saved many collective hours on our month close and monthly/quarterly board reports. Almost every week, one of my users sends me a note about how much they enjoy working in DataRails versus our prior software. Review collected by and hosted on G2.com.

HG
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Datarails?

Flexibility and ease of use of the tool. Being able to use a combination of datasources (integrations and uploads) means that it is possible to combine different types of data easily and without a lot of technical input.

Our CMS is extremely helpful and responds to all our requests timeously, irrespective of how silly they may be. The implementation was done without signficant technical input from our side, which was a big bonus as a company that runs a very light IT support team. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

For our intended use there were not many downsides. We selected Datarails ahead of other products as it fit our requirements better. It may not have all the predictive or AI based tools that some competitors have, but it delivers very well on the bulk of functionality. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

Improving the accuracy of reporting

Making reporting more timeous

Achieving consistency in reporting Review collected by and hosted on G2.com.

SZ
Manager Accounts
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about Datarails?

The responsiveness of customer success managers and the support teams is amazing. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

Some of the features for exceptionally big data take some time re-do. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

Quick consolidation.

Dashboards for various reports.

Extensive data management while preparing reports. Review collected by and hosted on G2.com.

Chandra Sekhar M.
CM
Manager
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Datarails?

Its very user friendly and customer support is very helpful to understand any difficulty faced during usuage and i use frequently datarails.Framework is very simple and understandable. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

Number of features to be improved, this is only suggestion. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

easy of using ,hanlding mutliple reports in single dashboard Review collected by and hosted on G2.com.

SD
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Datarails?

Datarails has definately sped up our internal processes. After you learn the new forumuals and how information is tied in, its relatively easy to create or adapt existing reports from excel. We also have very good customer support to help us walk through issues along with mentoring from the sales group. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

Sometimes when attempting to build new dashboards it's hard to tell which fields to drag in, and which fields to exclude. You can spend a long time dragging and dropping fields in and out of the field picker to figure out which ones work and which ones do not work. Our rep suggested that we have the data mapper open when we build dash boards, but it can be cumbersome jumping back and forth. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

Currently Datarails is giving us an added time benefit as reports are issued much faster. We've seen productivity gains. Review collected by and hosted on G2.com.

Response from Anouk Amar of Datarails

Thank you for sharing your feedback Samuel! Glad to hear you're saving a ton of time on your reporting :)

In case you need even more support, our Datarails University can help you make the fields even easier to understand.

RN
Sr. Financial Analyst
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Datarails?

I recently started using it for consolidating my reports and it has been a game changer. It help make my reports more efficient. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

From what i have seen and used so far i cannot really give a good example of what i do not like. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

Eliminating the Copy and Paste routine. that has been a huge plus. easily consolidate data and retrieve it from a table using a more simple excel functions like SUMIFS vs SUMPRODUCT which can really slowdown calculations. Review collected by and hosted on G2.com.

Verified User in Manufacturing
AM
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Datarails?

DataRails is very strong and powerful tool, user-friendly. We are a multi-sites entity and operate with different currency, in a complicate ERP system, the Datatails is very flexible for report mapping and report creation. With automate data sync, report can be generated immediatly which helps for decision making and time saving. we definitely beneift a lot from it. The intergration team is very knowledgeable and supportive, always responded quickly when help needed. we are very happy to DataRails, it make our team life much easier. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

admistrative tasks like sharing the report and data to other team members. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

time saving on report generation, customized report, flexibility, report accuracy Review collected by and hosted on G2.com.

Frederick F.
FF
Budget and Forecasting Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datarails?

The ability to consolidate financial data and produce reports automatically Review collected by and hosted on G2.com.

What do you dislike about Datarails?

My least favorite part is mapping new data and reports Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

We are currently using Datarails to prepare our monthly financial statements which saves a whole lot of time Review collected by and hosted on G2.com.

Aubrey  L.
AL
Business & Marketing Analyst
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about Datarails?

The interface makes it easy to develop reports in excel and through the dashboard. Integrates seamlessly to various areas that hold our data. Adaptable, we can splice or overlap our data in many different and useful ways. Users can drill down data in real time making it easier for all around decision making. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

I don't have anything bad to say about this product. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

Drilling down information and overlapping data to visualize how multiple areas affect results. Review collected by and hosted on G2.com.

YM
Sr. FP&A Analyst
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Datarails?

- DataRails connect is very intuitive and easy to use.

- The implementation process was quick and easy.

- The DataRails team is very responsive and helpful. Review collected by and hosted on G2.com.

What do you dislike about Datarails?

- The DataRails connect tool is missing the access restrictions option.

- Anyone can invite new users to DataRails Connect, which can create a lack of visibility in the number of users currently in use. Review collected by and hosted on G2.com.

What problems is Datarails solving and how is that benefiting you?

- DataRails provides access to the NS data to users who don't have access to NS.

- DataRails updates the data on a daily basis and keeps the data up to date.

- Using DataRails, we have created a BvA report that is used to monitor the company expenses. Review collected by and hosted on G2.com.