Datarails

Datarails is a financial planning and analysis (FP&A) software tool that's designed to make it easier for finance professionals to manage financial data and create forecasts in Excel. The service automates data consolidation, financial reporting and budgeting so finance teams can spend less time on busywork and more time on strategy and business development.

Datarails connects to accounting software, ERPs and CRMs so customers can gather all their financial data in one place. Customers can keep their own Excel financial models and spreadsheets, but Datarails automates consolidation and reporting. That means they can spend more time on strategic thinking and business development.

Among Datarails' features are:

• Data Consolidation: Pulls data from across the organization, consolidating it into one place.
• Financial Reporting & Monthly Close: Automates financial reporting tasks like preparing P&L, balance sheet and cash flow statements.
• Budgeting & Forecasting: Estimates costs and revenues so customers can more easily collect budgets and forecast.
• Scenario Modeling: Prepares for different possible futures by analyzing how different financial changes affect business outcomes.
• Data Visualization: Includes a built-in visualization tool for quick and easy presentations of financial data.
• AI-Powered Insights: Offers conversational AI for quick answers to finance questions based on the consolidated data.

Finance teams at construction, tech, logistics, manufacturing, health care and retail companies use Datarails. Customers have reported a big time savings, with some customers saving two to five working days per month, and a big improvement in budgeting and forecasting.

Pricing varies depending on factors like the number of users, integrations and specific use cases. Interested customers can fill out a form to get a custom pricing quote. There are no extra charges for reports, dashboards or PowerPoint presentations, which are included in the standard package.

Datarails is a good option for finance pros looking to streamline their financial planning, budgeting and forecasting while still using Excel.

Published on June 21, 2024