Datarails Reviews

Summary: 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.

Positive: We started using their Insights feature instead of our BI. Really useful.
Made data collection easy and organized
Constant access to up-to-date numbers

Negative: Would be nice if it had the option of drag and drop for inputs

Summary: 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.

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

Negative: Occasionally there are glitches in our templates..

Summary: Employees were accustomed to working with spreadsheets, but spreadsheets are not always the most effective tool to use. That’s why we turned to DataRails. Accuracy of reports allows for accurate analyses. All our data is in one place and doesn’t require much effort for processing. With DataRails we can track budgets, labor contributions, and finances. Cumulatively this helps us make better decisions.

Positive: Very useful tool, allows for accurate analyses and comprehensive planning

Negative: Customer support is great but tutorial videos would be useful

Summary: This is how planning should be done. With crisp up-to-date numbers so you can prepare to the best extent as possible. With DataRails my department really feels that we are planning effectively since we are basing conclusions off of all our sources of data. Integrations are phenomenal and let us compare budgets with actuals so we can constantly reassess and make adjustments if need be.

Positive: No need to migrate outside excel, lovely customer support, immediate access to numbers from different departments and branches allows us to stay informed

Negative: Waiting for additional updates. They tend toadd useful functions.

Summary: With DataRails, Excel remains as our user interface and there is no change in our daily flow, but the way we work is enhanced significantly. No migrating our data, no moving to a new system or lengthy implementation. It is such an advantage to be able to build reports within Excel as we want to.

Positive: -no need to migrate data to a new browser
-visualizations are great and incredibly useful
-customer support is excellent

Negative: A tad buggy but we can deal with it, not a severe issue given the usefulness of this platform

Summary: 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

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

Negative: Would be happy if there were more frequent updates

Summary: 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.

Positive: 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.

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

Summary: Quite satisfied with this tool. Very useful, really gave my department a boost.

Positive: By far the greatest pro- ease of access to excel-based information. What was once hard to get your hands on is suddenly instantly accessible.

Negative: Out of the box worksheets would be nice to have, don't think this is currently available

Summary: DataRails is really great for automating unnecessary work. Using the system has improved my work significantly since now I don't have to waste time on copying and pasting info in order to make sense of it. This used to take up so much time, and now it takes up no time at all.

Positive: -Insights feature is really useful
-No more wasting time on something that can be automated
-work better

Negative: -Can't think of anything atm it's a platform I love using and it does that job well

Summary: It makes FP&A work so much better. Consolidation is a huge part of the job, but with DataRails automating this process we don't have to spend time on work that is virtually of no value. With DataRails we're up to speed on all the current numbers and use their Insights feature to look at it in different ways. All in all it's a really great tool.

Positive: Automates consolidation, great Insights feature, reliable databasing

Negative: Was a bit disappointed that it doesn't integrate with HeliumV

Summary: Trying to manage many different P&Ls can be challenging, but with DataRails the challenge is significantly reduced. DataRails helps us standardize reporting and analysis. It lets us compare plans and forecast reliably. Since we plan at a granular level, with DataRails we can do so accurately, consistently, reliably, etc. If you work in finance this tool will change your life.

Positive: 1. The dashboards are great. Informative and help us visualize the data
2. Saves hours of work every month
3. Timeliness and accuracy is improved tenfold

Negative: I'd be happy for there to be more software updates

Summary: 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 the figures are accurate and up to date, which is precisely what we need from the numbers we base important decisions on.

Positive: -Many ways to look at your data
-Incredible drill downs
-Can work on both Excel and their Insights feature depending on what I want
-Easy to use

Negative: Quite frankly there aren't too many cons. We used to occasionally have some issues with logging out but that's all I can really think of.

Summary: We've integrated DataRails within our finance department and it's just been great. For departments that rely heavily on Excel, this product is a must. All our information is in one place, it's accurate and reliable, and it boosts our confidence in the conclusions we draw from them. Really great, dependable tool.

Positive: DataRails improves the accuracy and accountability of so many processes such as reporting and budgeting. It saves my department hundreds of hours of previously unnecessarily wasted time. Amazing tool!

Negative: The platform doesn't integrate with Excel 2007 which is a bummer.

Summary: Was looking for software that could give our finance team a boost since I read all about the advantages of automation platforms and so decided to integrate one in our department. Did some research and decided to choose DataRails due to its innovative offerings- we’ve been able to implement automation without really changing too much in how people work on the ground. It’s been really great for us, digital transformation as they say really can change how we work for the better.

Positive: Work is done faster and more accurately. We're able to introduce automation without influencing how people work on the ground.

Negative: Usage issue- sometimes the badge does not appear and I can’t sign in

Summary: The implementation of this product went smoothly and we feel that we’re getting high ROI. First of all it takes data accuracy to a whole new level-the fact that we have every version of every spreadsheet within reach is of immense value. Second, the manipulations that we can conduct now are priceless. Spreadsheet data is often messy, disorganized, hard to find or hard to understand, and it means that oftentimes information that can contribute to organizational processes is not leveraged, which is a shame because its there. We’re really happy with DataRails since now we can take advantage of all of it, and we don’t have to ask employees to do anything differently.

Positive: Traceable numbers- if you want to see how a number was reached, what the underlying formula is etc its all there. Excel numbers are easily accessed.

Negative: From time to timethe badge does not appear so I can’t sign in.