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Datarails Pricing, Features, Reviews and Alternatives

Datarails product overview

What is Datarails?

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.

Key benefits of using Datarails

• Datarails provides a full and comprehensive spreadsheet data integrity and version management solution to meet the highest standards that a zero-error environment demands.

• Address spreadsheet compliance management and mitigate risk with Datarails.

• Turn your historical spreadsheet versions into a clear trend-over-time chart by pulling selected KPI’s from numerous versions of your spreadsheets with a single click.

• Datarails gives you control of unstructured spreadsheet-based processes. Get a clear picture of your team’s status, automate data consolidation, and obtain real-time insights from your spreadsheet data.

• Easily understand the root cause of the bottom line result changes using Datarails’ enterprise level audit trail.

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

Phone Support
Email/Help Desk
Knowledge Base
Chat

Training options

In Person
Documentation
Webinars
Live Online
Videos

Datarails pricing information

Value for money

4.9

/5

38

Starting from

ic-pricetag

No pricing info

Pricing options

Free plan
Subscription
Free trial
Pricing range

Value for money contenders

Datarails features

Functionality

4.6

/5

38

Total features

62

6 categories

Most valued features by users

Collaboration Tools
Access Controls/Permissions
Alerts/Notifications
Third Party Integrations
Search/Filter
Activity Dashboard
Drag & Drop
Reporting & Statistics

Datarails users reviews

Overall Rating

4.8

/5

38

Positive reviews

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9.55/10
Rating distribution

5

4

3

2

1

29

9

0

0

0

Pros
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.
It has been smooth and will be an easy transition for us. Above all else, [SENSITIVE CONTENT] has been super helpful.
It's also nice having tables from different files accessible from their cloud to other files - very useful when working with financial models that are composed from several files.
Cons
We were trying to work with our internal controls, but it was proving to be too manually intensive and costly with upkeep and designated staff.
The platform doesn't integrate with Excel 2007 which is a bummer.
Some features were missing but already developed recently.
Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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DataRails Review by Craig Morrow

Reviewed 7 months ago

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.

Pros

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.

Cons

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Product that exceeds expectations

Reviewed 8 months ago

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.

Pros

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.

Cons

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Easy to Implement and Superb Customer Service

Reviewed 11 days ago

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.

Pros

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

Cons

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend6/10

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VIN Product Assessment

Reviewed 8 months ago

The customer support and response is excellent

Pros

Easy to navigate and set-up the dashboards

Cons

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Great forecasting/budgeting software

Reviewed 4 months ago

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.

Pros

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

Cons

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

Datarails FAQs and common questions

Q. What type of pricing plans does Datarails offer?

Datarails has the following pricing plans:
Pricing model: Subscription


Q. Who are the typical users of Datarails?

Datarails has the following typical customers:
Large Enterprises, Mid Size Business, Non Profit, Public Administrations, Small Business


Q. What languages does Datarails support?

Datarails supports the following languages:
English


Q. Does Datarails offer an API?

No, Datarails does not have an API available.


Q. What other apps does Datarails integrate with?

Datarails integrates with the following applications:
Microsoft SharePoint, Microsoft SQL Server, HubSpot Marketing Hub, Salesforce Essentials, Google Analytics 360, Amazon Redshift, Bullhorn ATS & CRM, Fourth Suite, Microsoft Azure, Twinfield, Sage Intacct, QuickBooks Desktop Pro, Priority Software, HubSpot CMS Hub, OneDrive, PostgreSQL, FinancialForce Accounting, Square Payments, NetSuite, MySQL, QuickBooks Desktop Enterprise, BambooHR, FinancialForce PSA, Tableau, Dynamics 365 Business Central, Quickbooks Online, Homebase, Microsoft Power BI, Xero, HubSpot CRM, Workamajig, HubSpot Service Hub, Snowflake, Shopify, Microsoft Excel


Q. What level of support does Datarails offer?

Datarails offers the following support options:
Phone Support, Email/Help Desk, Knowledge Base, Chat

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