DataRails is a spreadsheet management solution for financial organizations such as insurance companies, banks, private equity, credit unions and auditors that delivers full control, data integrity and compliance. With DataRails, users can ensure their spreadsheets comply with regulations including Sarbanes-Oxley, Basel III, Solvency II, Dodd-Frank, and more, in order to mitigate risk. Users can also get a clear picture of their team’s status, automate data consolidation, and obtain real-time insights from their spreadsheet data.
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 dependencies drill down 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.