Datarails: The AI-Powered FP&A Solution for Excel Users

What is Datarails?

Datarails is a financial planning and analysis (FP&A) platform designed for finance professionals who rely on Excel. It empowers finance teams to automate data consolidation, reporting, and planning processes while maintaining the familiarity and flexibility of Excel. The platform integrates with popular accounting software, ERPs, and CRMs to consolidate all your data in one place.

How does Datarails Work?

Datarails combines the power of AI with the flexibility of Excel. It works by:

Automating Data Consolidation: Datarails automates the collection of data from across your organization, bringing it all into a single, unified platform.
Enabling Financial Reporting: The platform allows you to generate financial reports and close your books faster, freeing up time for more strategic analysis.
Facilitating Budgeting & Forecasting: Datarails streamlines the budgeting and forecasting process, enabling you to create more accurate and reliable financial plans.
Supporting Scenario Modeling: With Datarails, you can easily create and analyze different scenarios to understand the potential impact of various business decisions.
AI-Powered Insights: Datarails’ FP&A Genius provides conversational AI on your real data to give you quick answers to burning questions.

Key Features and Benefits

Excel Integration: Keep your existing Excel financial models and spreadsheets and use AI to automate repetitive processes.
Data Consolidation: Integrate with popular accounting software, ERPs, and CRMs to access all your data in one place.
Financial Reporting: Automate consolidation and reporting to save time and focus on strategic insights.
Data Visualization: Show stakeholders business-critical KPIs at a glance with easy-to-learn built-in visualization tools.
AI-Powered Insights: Get quick answers to questions based on complete and consolidated finance data using AI-powered FP&A Genius.
Fast Finance Requests: Execute last-minute finance requests in seconds using AI.

Use Cases

Datarails is used by finance teams across various industries, including:

Construction
Technology
Logistics & Transportation
Manufacturing
Health Care
Retail

Why is Datarails Important?

Datarails is important because it allows finance teams to:

Save Time: Automate repetitive tasks and spend more time analyzing data.
Improve Accuracy: Reduce errors by automating data consolidation and reporting.
Gain Insights: Get quick answers to burning questions with AI-powered insights.
Make Better Decisions: Create more accurate forecasts and analyze different scenarios to make better business decisions.

How to Get Started with Datarails?

To get started with Datarails, you can request a demo on their website. They also offer free Excel templates and other resources to help you improve your FP&A processes.

Datarails Pricing

The website doesn't provide specific pricing details; you need to contact them for a personalized quote.

What Users Say About Datarails

Users praise Datarails for its ability to save time and improve the accuracy of financial reporting. One CFO reported saving "anywhere between two to five full working days per month" using Datarails.

Final Thoughts

Datarails bridges the gap between the familiar environment of Excel and the power of AI-driven FP&A. By automating tedious tasks and providing insightful data visualizations, Datarails empowers finance teams to become more strategic and data-driven. If you're an Excel user looking to modernize your FP&A processes, Datarails is definitely worth considering. It helps you access all your data in one place and provides a conversational AI on your real data to give you the answers you need. This enables finance teams to continue using their own Excel spreadsheets and financial models.