Drivetrain Features

Financial Insight (3)

Budgeting: Uses collected data to assist organizations in understanding what they can afford now, and in years to come. This feature was mentioned in 46 Drivetrain reviews.
Forecasting: Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline. This feature was mentioned in 47 Drivetrain reviews.
Planning: As reported in 47 Drivetrain reviews. Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly.

Data Visualization: As reported in 49 Drivetrain reviews. Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.
Data Analysis: Scours data for actionable insights. This feature was mentioned in 47 Drivetrain reviews.
Custom Reporting: As reported in 46 Drivetrain reviews. Allows users to customize their own reports according to business needs.
Reporting Templates: Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions. 44 reviewers of Drivetrain have provided feedback on this feature.

Collaboration: As reported in 47 Drivetrain reviews. Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users.
Version Control: Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance. 46 reviewers of Drivetrain have provided feedback on this feature.
Real-Time Data Updates: Based on 46 Drivetrain reviews. Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information.
Scorecards: Displays and shares company performance data to increase transparency across the board. 44 reviewers of Drivetrain have provided feedback on this feature.

Data Import: Import trial balance, monthly P&L, balance sheets, and other types of financial data This feature was mentioned in 50 Drivetrain reviews.
Budget Hierarchies: Define budget structure elements and how they are linked hierarchically 49 reviewers of Drivetrain have provided feedback on this feature.
Versioning: Based on 50 Drivetrain reviews. Keeps track of all versions of a budget and allows users to compare versions
Formulas: As reported in 50 Drivetrain reviews. Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues
What-If: Test the potential financial impact of business decisions on revenues and expenses 51 reviewers of Drivetrain have provided feedback on this feature.
Budget Periods: Users can customize standard budget periods (3, 9, or 12 months) 48 reviewers of Drivetrain have provided feedback on this feature.

Historical Data: As reported in 49 Drivetrain reviews. Forecasting is based on past transactions and historical financial or operational data
Reforecast: As reported in 49 Drivetrain reviews. Ability to recreate forecasts to include new information that may impact budgets
Forecast Types: Based on 48 Drivetrain reviews. Support multiple types of forecasts such as balance sheet and cash flow forecasts
Rolling Forecasts: Used to review and update budgeting assumptions for a predefined period (usually one year) This feature was mentioned in 46 Drivetrain reviews.
AI: Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns This feature was mentioned in 39 Drivetrain reviews.

Variance Analysis: Based on 44 Drivetrain reviews. Project out as the year progresses to accommodate trends that affect key business drivers.
Forecasts Comparison: compare Income Statement, Balance Sheet, and Cash Flow for multiple periods 46 reviewers of Drivetrain have provided feedback on this feature.
Forward Looking: Based on 42 Drivetrain reviews. Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data

Data Import: Financial information can be imported from multiple sources such as spreadsheets, text files, or databases This feature was mentioned in 43 Drivetrain reviews.
Data Consolidation: Data from multiple systems can be centralized into a single repository This feature was mentioned in 44 Drivetrain reviews.
Data Validation: As reported in 44 Drivetrain reviews. Financial data can be validated to avoid duplicates and errors

Reporting Hierarchy: Based on 46 Drivetrain reviews. Administrators can define and manage the reporting structure and access rights to each report
Report Templates: Templates that can be used to create new reports without starting from scratch 45 reviewers of Drivetrain have provided feedback on this feature.
Report Types: Provide multiple types of reports such as point-in-time or snapshot reports, year over year, or time to date This feature was mentioned in 42 Drivetrain reviews.

Standard KPIs: Include most common financial KPIs such as gross and net profit margin, or working capital 46 reviewers of Drivetrain have provided feedback on this feature.
Standard Reports: Based on 46 Drivetrain reviews. Standard financial reports are provided out of the box
Financial Statements: Based on 44 Drivetrain reviews. Ability to analyze financial statements such as income statement and balance sheet
Drill Down: Users can drill down to the detail level of each transaction or financial entry 46 reviewers of Drivetrain have provided feedback on this feature.

Dashboards: Dashboards can be customized to display different types of data from various sources 49 reviewers of Drivetrain have provided feedback on this feature.
Custom KPIs: Users can modify standard financial KPIs and metrics This feature was mentioned in 48 Drivetrain reviews.
Custom Reports: Allow users to edit reports and to combine multiple reports This feature was mentioned in 47 Drivetrain reviews.
Self Service: Based on 48 Drivetrain reviews. A dedicated portal for external users with limited access to the system
Multiple Entities: Monitors the financial performance of multiple entities This feature was mentioned in 36 Drivetrain reviews.

Extended Planning: Analysis that creates business plans outside of finance, including sales, marketing, or HR. 35 reviewers of Drivetrain have provided feedback on this feature.
Reporting: Based on 39 Drivetrain reviews. Reports on departmental KPI metrics measured against targets.
Integration: As reported in 36 Drivetrain reviews. Consolidates planning processes across an organization into a single solution.