Drivetrain Features
What are the features of Drivetrain?
Budget Creation
- Data Import
- Budget Hierarchies
- Versioning
- Formulas
- What-If
- Budget Periods
Budget Management
- Consolidation
Forecasting
- Historical Data
- Reforecast
- Forecast Types
Analytics
- Forecasts Comparison
Custom Analytics
- Dashboards
- Custom KPIs
- Custom Reports
- Self Service
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Financial Insight
Budgeting | Uses collected data to assist organizations in understanding what they can afford now, and in years to come. 36 reviewers of Drivetrain have provided feedback on this feature. | 91% (Based on 36 reviews) | |
Forecasting | Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline. This feature was mentioned in 37 Drivetrain reviews. | 93% (Based on 37 reviews) | |
Planning | Based on 37 Drivetrain reviews. Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly. | 94% (Based on 37 reviews) |
Data
Data Visualization | Based on 39 Drivetrain reviews. Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts. | 90% (Based on 39 reviews) | |
Data Analysis | Based on 37 Drivetrain reviews. Scours data for actionable insights. | 93% (Based on 37 reviews) | |
Custom Reporting | Allows users to customize their own reports according to business needs. This feature was mentioned in 36 Drivetrain reviews. | 93% (Based on 36 reviews) | |
Reporting Templates | Based on 35 Drivetrain reviews. Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions. | 89% (Based on 35 reviews) |
Status Communication
Collaboration | Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users. 38 reviewers of Drivetrain have provided feedback on this feature. | 92% (Based on 38 reviews) | |
Version Control | Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance. 37 reviewers of Drivetrain have provided feedback on this feature. | 88% (Based on 37 reviews) | |
Real-Time Data Updates | Based on 37 Drivetrain reviews. Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information. | 90% (Based on 37 reviews) | |
Scorecards | As reported in 36 Drivetrain reviews. Displays and shares company performance data to increase transparency across the board. | 93% (Based on 36 reviews) |
Budget Creation
Data Import | Import trial balance, monthly P&L, balance sheets, and other types of financial data This feature was mentioned in 42 Drivetrain reviews. | 94% (Based on 42 reviews) | |
Budget Hierarchies | Define budget structure elements and how they are linked hierarchically 42 reviewers of Drivetrain have provided feedback on this feature. | 92% (Based on 42 reviews) | |
Versioning | Based on 43 Drivetrain reviews. Keeps track of all versions of a budget and allows users to compare versions | 92% (Based on 43 reviews) | |
Formulas | Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues This feature was mentioned in 43 Drivetrain reviews. | 92% (Based on 43 reviews) | |
What-If | As reported in 43 Drivetrain reviews. Test the potential financial impact of business decisions on revenues and expenses | 88% (Based on 43 reviews) | |
Budget Periods | As reported in 41 Drivetrain reviews. Users can customize standard budget periods (3, 9, or 12 months) | 93% (Based on 41 reviews) |
Budget Management
Consolidation | Consolidate multiple budgets from different departments or business entities This feature was mentioned in 41 Drivetrain reviews. | 93% (Based on 41 reviews) | |
Adjustments | Based on 40 Drivetrain reviews. Users with administrative access rights can modify budgets | 93% (Based on 40 reviews) | |
Workflows | As reported in 16 Drivetrain reviews. Workflows are used to define the steps required to alter budgets and who needs to approve changes | 89% (Based on 16 reviews) |
Forecasting
Historical Data | Forecasting is based on past transactions and historical financial or operational data 42 reviewers of Drivetrain have provided feedback on this feature. | 95% (Based on 42 reviews) | |
Reforecast | As reported in 41 Drivetrain reviews. Ability to recreate forecasts to include new information that may impact budgets | 93% (Based on 41 reviews) | |
Forecast Types | As reported in 41 Drivetrain reviews. Support multiple types of forecasts such as balance sheet and cash flow forecasts | 92% (Based on 41 reviews) | |
Rolling Forecasts | Used to review and update budgeting assumptions for a predefined period (usually one year) 39 reviewers of Drivetrain have provided feedback on this feature. | 94% (Based on 39 reviews) | |
AI | Based on 31 Drivetrain reviews. Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns | 83% (Based on 31 reviews) |
Analytics
Variance Analysis | Project out as the year progresses to accommodate trends that affect key business drivers. This feature was mentioned in 38 Drivetrain reviews. | 93% (Based on 38 reviews) | |
Forecasts Comparison | Based on 40 Drivetrain reviews. compare Income Statement, Balance Sheet, and Cash Flow for multiple periods | 95% (Based on 40 reviews) | |
Forward Looking | Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data This feature was mentioned in 36 Drivetrain reviews. | 93% (Based on 36 reviews) |
Data Management
Data Import | Financial information can be imported from multiple sources such as spreadsheets, text files, or databases 37 reviewers of Drivetrain have provided feedback on this feature. | 93% (Based on 37 reviews) | |
Data Consolidation | Data from multiple systems can be centralized into a single repository 37 reviewers of Drivetrain have provided feedback on this feature. | 96% (Based on 37 reviews) | |
Data Validation | As reported in 37 Drivetrain reviews. Financial data can be validated to avoid duplicates and errors | 92% (Based on 37 reviews) |
Reporting Structure
Reporting Hierarchy | As reported in 40 Drivetrain reviews. Administrators can define and manage the reporting structure and access rights to each report | 94% (Based on 40 reviews) | |
Report Templates | Templates that can be used to create new reports without starting from scratch This feature was mentioned in 39 Drivetrain reviews. | 92% (Based on 39 reviews) | |
Report Types | Provide multiple types of reports such as point-in-time or snapshot reports, year over year, or time to date This feature was mentioned in 36 Drivetrain reviews. | 93% (Based on 36 reviews) |
Standard Analytics
Standard KPIs | As reported in 40 Drivetrain reviews. Include most common financial KPIs such as gross and net profit margin, or working capital | 93% (Based on 40 reviews) | |
Standard Reports | As reported in 39 Drivetrain reviews. Standard financial reports are provided out of the box | 93% (Based on 39 reviews) | |
Financial Statements | See feature definition | Ability to analyze financial statements such as income statement and balance sheet 38 reviewers of Drivetrain have provided feedback on this feature. | 90% (Based on 38 reviews) |
Drill Down | Users can drill down to the detail level of each transaction or financial entry 40 reviewers of Drivetrain have provided feedback on this feature. | 94% (Based on 40 reviews) |
Custom Analytics
Dashboards | Dashboards can be customized to display different types of data from various sources 43 reviewers of Drivetrain have provided feedback on this feature. | 94% (Based on 43 reviews) | |
Custom KPIs | Users can modify standard financial KPIs and metrics This feature was mentioned in 42 Drivetrain reviews. | 94% (Based on 42 reviews) | |
Custom Reports | Allow users to edit reports and to combine multiple reports 41 reviewers of Drivetrain have provided feedback on this feature. | 96% (Based on 41 reviews) | |
Self Service | As reported in 42 Drivetrain reviews. A dedicated portal for external users with limited access to the system | 87% (Based on 42 reviews) | |
Multiple Entities | Monitors the financial performance of multiple entities 30 reviewers of Drivetrain have provided feedback on this feature. | 95% (Based on 30 reviews) |
Financial Planning
Extended Planning | Based on 28 Drivetrain reviews. Analysis that creates business plans outside of finance, including sales, marketing, or HR. | 95% (Based on 28 reviews) | |
Reporting | Reports on departmental KPI metrics measured against targets. 32 reviewers of Drivetrain have provided feedback on this feature. | 95% (Based on 32 reviews) | |
Integration | Consolidates planning processes across an organization into a single solution. This feature was mentioned in 29 Drivetrain reviews. | 93% (Based on 29 reviews) |
