Overview
Product Information on Datarails
What is Datarails?
Datarails Pricing
Overall experience with Datarails
“Empowering Team with Automation,Transaparency and Actionable insights.”
About Company
Company Description
Datarails focuses on the automation of financial reporting and planning. Its solution wraps around Excel, leveraging established financial models and spreadsheets, removing the need for comprehensive system changes. The elimination of manual processes allows finance teams to dedicate more time to data analysis, in order to detect strategies for enhancing revenues and minimizing costs. The business problem that Datarails addresses revolves around enhancing productivity and strategic decision-making potential within finance teams.
Company Details
Do You Manage Peer Insights at Datarails?
Access Vendor Portal to update and manage your profile.
Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: Datarails
Performance of Datarails Across Market Features
Datarails Likes & Dislikes
1. Automated HR reporting : It reduces manual work by automating payroll and workforce workforce reports, improving accuracy and saving valuable time. 2.Workforce Planning and Budgeting: This platform makes it much easier to align hiring plans, headcount and organizational budget, ensuring better control over HR costs. 3. Actionable Insights: Real-time analytics on attrition, payroll and employee costs helps HR leaders make data-driven decisions and supports collaboration with finance teams.
Excel integration for automatically consolodating data across our ERP and accounting software into Excel. It also provides version control to audit changes across reports easily.
By using DataRails, I was able to see instant version comparisons of data and generate reports through a single interactive platform. With advanced user-permission settings, I was able to protect sensitive data and ensure that employees only get access to information they may need in their work
1. Initial Setup and Integration Complexity : Integrating with multiple systems like ERP, HRIS, and payroll can be time consuming and may require technical support. 2. Limited Customization for Complex Scenarios : Some advanced workflows or highly specific HR/finance processes may require additional configuration or workarounds. 3. Advanced Analytics learning curve: While powerful features like scenario modeling and predictive analytics may be complex for new users without proper training.
It was difficult initially while connecting to our accounting app.
Error messages are not specific enough for new users. It is powerful enough to simplify our workflows but should also be simple enough for anybody to learn and use
Top Datarails Alternatives
Peer Discussions
Datarails Reviews and Ratings
- TEAM LEAD - TALENT ACQUISTIONGov't/PS/EdEducationReview Source
Empowering Team with Automation,Transaparency and Actionable insights.
The platform supports HR by streamlining workforce planning, budgeting and payroll analysis.It integrates people and financial data, keeping track of headcount, compensation and attrition costs.It provides real-time insights and scenario modeling to improve decision making, while automated reporting saves time and facilitates collaboration between HR and finance for strategic workforce management. - Director of Partnerships<50M USDSoftwareReview Source
Finance Teams Benefit From Data Consolidation Though User Interface Requires Adjustment
Our overall experience has been positive. We use Datarails in our parent org, used by our finance team. Excel integration was really helpful. The team used scenario modeling to plan our cycles. Initial adoption can be challenging. Some users who haven't had experience above excel can find it difficult as per UX. - DATA CENTER INFRASTRUCTURE ENGINEER1B-10B USDManufacturingReview Source
Complete what-if modeling and consolidation/roll up
DataRails helps the company quickly analyze and understand the current state of the business, stop variances, seize emerging opportunities and avoid pitfalls by making data much easier to navigate and, more importantly, to learn in a timely manner. This saves time spent in analyzing financial data, reduces the potential for human error and produces faster times to market for reports - VP Finance<50M USDEnergy and Utilities
Best planning tool on the market in my opinion
Trying to manage P&L's for a handful of retail locations and departments, combined with nearly 2,000 employees is a challenge to say the least. Planning with DataRails has streamlined our planning and forecasting cycles and helped us to standardize metrics, reporting and analysis. It makes comparing plans, forecasts and actuals across the organization easy and requires no training or overhead. Who would’ve thought that would ever be possible.. - VP Finance<50M USDHealthcare and BiotechReview Source
Great product
We chose DataRails over its competitors and we’re very happy with our choice. We keep using our Excels but benefit from a system that is in the cloud, it's customizable, and offered for a great price. It has improved every aspect of the FP&A function within our company. Our budgeting cycles are shorter, our data is more reliable, and analysis and reporting are more real time.