DataRails Pricing, Features, Reviews & Comparison of Alternatives

DataRails

A spreadsheet management solution that is redefining FP&A.

5.0/5 (16 reviews)

DataRails overview

What is DataRails?

DataRails’ finance solution revolutionizes the way FP&A work is done. With DataRails' patented technology, consolidate and store all Excel based data on a cloud-based centralized database. Optimize Excel-based processes including budgeting, forecasting, planning, and revenue performance management through automation, all without changing the way you work.

-Automate tedious consolidation processes, save time, and accelerate work cycles.
-Get the full story behind your figures: inspect a cell-level audit trail, compare any two spreadsheets from any point in time, and enjoy full version control.
-Perform variance, horizontal, and vertical analyses. Utilize drill-downs and slice and dice data to the lowest level line-item to extract previously inaccessible insights.

With DataRails' effortless, automated, and accurate solution, spend less time putting numbers together and more time thinking about what they mean.

DataRails includes full and comprehensive spreadsheet data integrity and version management features to help organizations meet the highest standards and a zero-error environment. Tools include logical version comparison with unique algorithms, cell drill-downs for a detailed, interactive diagram of all cells’ dependencies, and spreadsheet error prevention. DataRails also automatically stores every saved spreadsheet version in a centralized database, allowing prior versions to be accessed anytime.

Organizations can address spreadsheet compliance management and mitigate risk through features including spreadsheet transformation, a full spreadsheet audit trail, spreadsheet data loss prevention, and real-time alerts. Users can gain control of unstructured spreadsheet-based processes through real-time dashboards that can be shared with colleagues, as well as features such as automated data distribution and collection, scenario analysis, and more.
www.datarails.com

Pricing

Pricing options
Subscription
Value for money
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Devices

Business size

S
M
L

Markets

United States, Middle-East and Africa

Supported languages

English
DataRails screenshot: Discover newfound insightsDataRails screenshot: Keep tabs on all your dataDataRails screenshot: Ensure you're always working with the right numbersDataRails screenshot: Budgeting made easyDataRails screenshot: Always stay in control

DataRails reviews

Excellent
16

Very good
0
Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.9
  4.9
  4.9
  4.9
Jim Alper

CPM of choice

Used daily for 1-2 years
Reviewed 2019-08-20
Review Source: GetApp

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.

Pros
1-We started using their Insights feature instead of our BI. Really useful. 2-Made data collection easy and organized 3-Constant access to up-to-date numbers

Cons
would be nice if it had the option of drag and drop for inputs

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Anonymous

Best investment for our finance team

Used daily for 2+ years
Reviewed 2019-08-14
Review Source: Capterra

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

Pros
Finance is pleased with the ease of use and accessibility of data

Cons
Would be happy if there were more frequent updates

Rating breakdown

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Ease of use
Features
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Likelihood to recommend: 10/10

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Anonymous

Best financial tool out there, dependable and accurate

Used weekly for 1-2 years
Reviewed 2019-08-10
Review Source: GetApp

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

Pros
-There are many ways to manipulate and look at your data -Drill downs are amazing. Can look at the smallest of variables. -Can work on both Excel and their Insights feature depending on what I want -Easy to use -Easy to connect with our ERP system

Cons
Sometimes it was buggy when logging out. Other than that I can't think of any other notable cons, it really is a great system.

Rating breakdown

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Ease of use
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Likelihood to recommend: 10/10

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Anonymous

Product is best in the business

Used daily for 2+ years
Reviewed 2019-08-28
Review Source: GetApp

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.

Pros
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.

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

Rating breakdown

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Ease of use
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Likelihood to recommend: 10/10

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Theresa Schmidt, CPA

CPM tool of choice, excellent value

Used daily for 1-2 years
Reviewed 2019-08-18
Review Source: GetApp

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.

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

Cons
Occasionally there are glitches in our templates

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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DataRails pricing

Pricing options
Subscription
View Pricing Plans

Contact DataRails for detailed pricing information.

DataRails features

Activity Dashboard
Collaboration Tools
Reporting & Statistics

API (316 other apps)
Access Control (224 other apps)
Activity Tracking (137 other apps)
Automatic Notifications (186 other apps)
Chat (159 other apps)
Collaborative Workspace (221 other apps)
Commenting (197 other apps)
Customizable Branding (168 other apps)
Document Management (196 other apps)
Document Storage (219 other apps)
Drag & Drop Interface (175 other apps)
File Management (139 other apps)
Permission Management (193 other apps)
Projections (144 other apps)
Search Functionality (260 other apps)
Third Party Integration (220 other apps)
Workflow Management (145 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Additional information for DataRails

Key features of DataRails

  • Advanced Naming and Tagging Capabilities
  • Auto Backup
  • Automated Data Distribution and Collection
  • Cell Dependencies Drill Down
  • Collaboration
  • Compliance Reporting
  • Data Integrity
  • Data Over Time (Time Series)
  • Database Creation
  • File and Data Consolidation
  • Full Spreadsheet Audit Trail
  • Governance, Risk and Compliance
  • Logical Version Comparison
  • Real Time Alerts
  • Real-Time Dashboards
  • Risk Management
  • Scenario Analysis (“What if” Analysis)
  • Single Version of Truth
  • Spreadsheet Data Loss Prevention
  • Spreadsheet Error Prevention
  • Spreadsheet Transformation
  • Status Tracking
  • Version Management
View All Features

Benefits

• 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.