Datarails Reviews & Product Details

We are currently in training mode in our data rails journey. The ease of use and implementation are big stand outs for me. Along with the seamless integration into and with Excel. With a working understanding of Access, Pivot Tables and other more advanced Excel data calculations, the potential of Data Rails to assist us in delivering accurate and end user focused solutions. Review collected by and hosted on G2.com.

There is an element of coding (and understanding the coding logic & infrastructure) with which I need to familiarize me with. This is to be expected and it's not really a "dislike" per se but it is - initially - a challenge. I also would prefer to NOT be the person controlling the mouse during training as I find myself clicking to keep the sessions going rather than taking notes, minor but noteworthy. Review collected by and hosted on G2.com.

One of the standout features of Datarails is its ability to consolidate multiple reports from a variety of sources. Whether you are working with dashboards or financial statements—customized or standard—everything can be updated quickly and efficiently, as long as the data mapping is set up correctly and the data flows automatically. My favorite feature is the Workflows function, which lets me assign tasks to several stakeholders. They can make their updates, submit their work, and then I can review everything before finalizing the report. This process is especially helpful for conducting monthly forecasts, particularly when a SIOP process is integrated. Review collected by and hosted on G2.com.

If the data sources structure change, the mapping needs to be redone. Review collected by and hosted on G2.com.

The data mapping functionality is a really great way to get your data into a structured table setup that you can access anywhere in Datarails or Excel. We were able to update our GL posting processes to include more detailed descriptions and map those descriptions split by delimiter to the fields we wanted in datarails. We now can instantaneously report on all of our expenses by vendor when that could not easily be done before because of the data being segregated and in different formats. Review collected by and hosted on G2.com.

There should be a simpler way to ensure that signage remains consistent across different data sources. Datarails ought to provide a clear standard for signage conventions when importing data, and it should notify users if the inputs do not follow this standard during the setup of a new data source. Additionally, Datarails should make it straightforward to adjust signage in outputs, such as reports and dashboards, as needed. For example, we wanted all our reports to display Revenues as positive numbers and Expenses as negative. Although we standardized our data mappings, we still encountered issues because working with multiple data sources with inconsistent signage required extra effort to correct and align the signs. Furthermore, when building dashboards, there was no simple way to toggle graphs so that expenses would increase from left to right above the axis. The current workaround is to create an additional amount field that converts expenses to positive values, but this approach is not ideal. Review collected by and hosted on G2.com.

The ability to consolidate and report on the nine separate instances in QB's online that I have. This platform was a way for me to keep the accounting systems in place without having to do a very costly implementation to a more robust platform. Review collected by and hosted on G2.com.

I'm only getting done with the implementation as I write this and don't have negatives to speak of but I can say that on report editing and dynamic ranges, etc. it appears to require far more education on formula creation, etc for even a day to day excel user. Review collected by and hosted on G2.com.

What I like best about Datarails is its drillable capability, which makes analyzing data much easier and more efficient. I also appreciate how simple it is to create widgets once the data is datamapped. Lastly, the support chat is excellent—whenever I encounter an issue, the team is always helpful in providing solutions. Review collected by and hosted on G2.com.

Creating dashboards or widgets using data outside of QBO can be challenging. The platform isn’t flexible enough to build tables with multiple columns pulling from different data sources. In addition, when comparing actuals and budgets (e.g., monthly from Jan to Sep), there’s no option to show separate grand totals. Currently, the grand total column combines both actuals and budgets, but it would make more sense to have one total for actuals and another total for budgets. Review collected by and hosted on G2.com.

One of Datarails' most significant strengths is its capacity to translate complex information into a clear and concise format. The dynamic dashboard and storyboard capabilities are game-changing, providing a new level of financial understanding across the team. Our data accuracy and reporting efficiency are greatly enhanced by the platform's ability to integrate directly with our online accounting software for real-time data use. Review collected by and hosted on G2.com.

Since I'm a new user, I haven't encountered any significant dislikes yet, though the initial learning curve has been noticeable as I get familiar with the platform Review collected by and hosted on G2.com.

A few of the most helpful things about Datarails is the budget viewing, but also the forecasting. My role as a project engineer for my company tasks me with developing budgets for the project, but also tracking that spend as we progress through. The ease of seeing how much we have spent so far and how much we will be spending in the months moving forward, allows me to communicate with our finance team to ensure funding is where it needs to be when. The ease of integrating a traditional excel spreadsheet with a web based platform is super neat. For me this will just be 1-4 projects, but for our finance team managing scores of projects around the globe, this will be paramount. Review collected by and hosted on G2.com.

The setup process is not super straightforward. If I didn't have an expereinced person guiding me on the first few, I would struggle a bit. Review collected by and hosted on G2.com.

I really like Datarails' integration with QuickBooks Online (QBO), which allows me to customize reports and drill down into more detailed analyses. I also enjoy the month-over-month variance analysis capabilities and the ability to integrate with Gusto, our labor platform, to develop comprehensive labor hours graphs, including direct, PTO, and overtime hours. Furthermore, the initial setup of Datarails was very easy, thanks to the excellent support provided by Ayelet, who was instrumental in getting me up to speed quickly and efficiently. Review collected by and hosted on G2.com.

I am frustrated that many features aren't available in our current plan, which limits our ability to fully utilize Datarails. Additionally, we are restricted to only having 5 licenses, which can be a limitation for our team. Review collected by and hosted on G2.com.

The ease of use is the number one thing I like about Datarails. The platform is simple to navigate, and the setup was so smooth that our team was able to start using it very quickly. It truly is the best product we have found for financial planning. It connects our data easily, and the way it handles financial reports is extremely fast and effective. My overall experience with Datarails has been the best. The software is truly a game-changer for our finance team. We especially appreciate how easy it is to create new reports and dashboards. Furthermore, the person who helped us with the implementation was excellent—highly skilled and supportive. The platform is powerful, very intuitive to use, and has delivered outstanding value for money. We have been completely satisfied during our first five months of use Review collected by and hosted on G2.com.

There have been no significant issues during our five months of implementation and use. The product meets all of our current needs, and we have no complaints so far. Review collected by and hosted on G2.com.

The most important things that I found within the Data Rails software is the seamless integration of mapped data into the various spreadsheets used for: budgeting, forecasting, and analytics on the P&L as well as the Balance Sheet. This software is able to reduce a lot of the manual labor and time spent in recreating spreadsheets monthly or yearly. Another feature that I really enjoy about Data Rails is the uploading system. It is very easy to connect a file to a file box or submit the document back to Data Rails. Review collected by and hosted on G2.com.

One of the largest issues that was faced during the implementation for our organization was the disruption caused from the Mac download of Data Rails. Because of this, many of the equations that were created on the Windows version were now named "busy" and some employees lost all their work for the day. Review collected by and hosted on G2.com.