# Page 6 | Datarails Reviews 2026. Verified Reviews, Pros & Cons | Capterra > Page 6 - Is Datarails the right Financial Reporting solution for you? Explore 187 verified user reviews from people in industries like yours to make a confident choice. Source: https://www.capterra.com/p/177451/DataRails/reviews --- Datarails 4.7 (187) [View alternatives](https://www.capterra.com/p/177451/DataRails/alternatives/) Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/) * * * Last updated April 2nd, 2026 # Page 6 - Reviews of Datarails ## Showing most helpful reviews Showing 126-150 of 187 Reviews Sort by: Most Helpful Rating Company Size Reviewer's Role Length of Use Frequency of Use JS John S. CEO Information Technology and Services Used the software for: 1-2 years ### "CEO-friendly FP&A tool" July 9, 2023 5.0 The company's support and new feature rollout cadence is fantastic. They are very much innovating and doing all the right things. Very bullish on them! Pros The dashboard and visualizations are the best part of Datarails. Our finance team can readily create the visualizations on our data that I can benefit the most from. Deltas and variances jump out at you, trendlines are clear, and the data reporting capabilities really are in a class by themselves. Cons Like any FP&A tool, it starts out slow. Your team has to learn how to leverage the tool and work with data that is originating outside of financial systems. It's taken us well over a year to get to the point where we're getting results and answers faster through Datarails than by manually creating a one-off report in Excel. The work has been worth it though, and it's just one of those inevitable aspects of leveling up your reporting and forecasting capabilities: it's not going to happen overnight or without a lot of training and validation work. Alternatives considered [BOARD](https://www.capterra.com/p/73473/BOARD/)[Workday Adaptive Planning](https://www.capterra.com/p/130072/Adaptive-Insights/)[Planful](https://www.capterra.com/p/72818/Host-Analytics-EPM-Platform/)[Vena](https://www.capterra.com/p/131246/Vena/) Reason for choosing Datarails Datarails had month-to-month commitment options, while all the competitors wanted a 3-year contract lock-in. While the contract lock-in is understandable since it takes so much time and effort to launch any FP&A solution, what really sealed the deal was Datarails handled all their integrations in-house and the other vendors all outsourced their integration work to 3rd party vendors. This meant we had to get additional contracts and had extra costs associated with the other vendors that well exceeded our budget for FP&A. Review Source MM Massimo M. CFO Financial Services Used the software for: 1-2 years ### "DataRails used as an FP&A solution" May 9, 2022 5.0 Prior to DataRails our FP&A was run exclusively through maintaining numerous excel files which resulted in a much longer monthly close process. Through DataRails, we were able to automate the generation of our allocation based segment/product P&Ls, and monthly variance reporting to Budget/prior forecast. DataRails also reduced the probability of human error. Pros The overall flexibility of the platform. DataRails was able to create exactly what I wanted using our existing data structure and financial models. DataRails was able to replicate all of the benefits of other more well known Planning Solutions at a much lower investment cost - both financial and human capital. Cons Certain aspects of our monthly forecasting process require more manual intervention than other more mature planning applications. Reason for choosing Datarails Having previously directed the implementation of larger/more well established planning solutions ( i.e. SAP PBC and Oracle PBCS), I felt that DataRails was able to give us all of the pros associated with these larger applications without having to incur the large investment and maintenance costs. Review Source LP LeeAnn P. Assistant Treasurer Sporting Goods Used the software for: 2+ years ### "Product that exceeds expectations" January 25, 2022 5.0 In one word - "unbelievable" - I expected the software would be good, but once the software was up and running it exceeded expectations. The product drove down the manual time consuming data collection from 4 business days to a couple of hours. This was essential during the pandemic as more frequent turns of the forecast was required and without this software we would not have managed. The company used the product for other use cases we did not envision when we made the initial purchase. Pros Value for money, ease of use and accuracy. Because the program is excel based it did not take long for the team to master. Created an efficient process and removed the manual work from the department by automating the vast amounts of data in a matter of minutes. As the work load grew the product became more valuable to the company. Cons One difficulty was when a Microsoft patch was released it caused some issues with a formula, but the support desk was able to help correct when we brought it to their attention. Alternatives considered [Coupa](https://www.capterra.com/p/115928/Coupa/) Reason for choosing Datarails Cost and functionality where the drivers for the decision. Ease of use and how Datarails set up and built the software for us and helped us with a desktop procedure manual. The auditing function was key to help the company know where/if changes were made Excel backend - less intimidating for users Review Source QS Quentin S. Director of Finance Mechanical or Industrial Engineering Used the software for: 6-12 months ### "Experience with Datarail" April 24, 2024 5.0 Pros I like the flexibility and how intuitive the platform is Datarail. I only had great experience working with their support team and they answered in a timely manner every time I had questions. Cons I would love a datarail team who could recreate our financial package from our excel version into Datarail because that part can be very time consuming. Review Source TM Tiffany M. Senior Accountant Industrial Automation Used the software for: 6-12 months ### "mce tm" December 27, 2021 5.0 Wonderful, they have been there for us from the beginning, and are still there when we need assistance. \[SENSITIVE CONTENT\] has been amazing to work with. Pros The customization. I can take a blank excel sheet and convert it into a report that I want to see, with the data that I need. Cons There are times that you have to have patience. The refresh can take a little bit of time, especially when there are a lot of tabs in a file. But, the support that we receive for the DataRails is astounding. Reason for choosing Datarails After seeing the different demos, Datarails looked more user-friendly, and easier to work with Review Source Response from Datarails January 3, 2022 Thanks a lot, Tiffany. Datarails is truly a great tool but we are sure that it would not have been the same without the guidance, hard work & dedication of you & Paul - being able to create new and insightful reports on your own. ZL Zachary L. Sr. Financial Analyst Environmental Services Used the software for: 6-12 months ### "Great product, highly recommend!" February 2, 2024 5.0 Overall it's been a really good experience for me and I find the product really beneficial to the work that I do. Pros What I like most about Datarails is the ease of creating daily, weekly and monthly reports. Cons The implementation and learning curve was difficult having never seen a system like this before. Review Source RB Rus B. Business & Projects Analyst Industrial Automation Used the software for: 2+ years ### "Amazing system with amazing support" June 29, 2023 5.0 DataRails has allowed us to monitor the performance of our business in ways we simply could not before. We have also been able to simplify a number of our reporting processes. These two things have allowed us to share information with a wider pool of stakeholders within our company and monitor the performance of our business much more closely. Pros DataRails provides us with version control, data transformation, and visualization tools that we did not have before. We have streamlined many of our reporting processes, and we also use DataRails to feed a number of Excel and PowerPoint-based reports. DataRails support is very responsive. Cons Some features don't work as expected, and it can be hard to tell if it because of a bug or user error. Review Source Bobby H. Chief Financial Officer Hospital & Health Care Used the software for: 1-2 years ### "Datarails is a great time saver" December 11, 2023 5.0 I love datarails. The implementation team was fantastic and I haven't found anything lacking. We even asked for some functionality to be added to our implementation team, and a few months later they rolled it out as a feature for all users to enjoy. Pros Datarails integrates into our accounting system and we upload our operational data via Excel so we can see our whole workspace in 1 place - the best part is the ad-hoc reporting ability in native Excel. Cons The dynamic ranges we use are massive and can bog down Excel so we had to upgrade our computers......pretty sure this is an Excel issue vs a Data Rails issue though. Review Source VR Verified Reviewer Manager FPA Wholesale Used the software for: 6-12 months ### "Datarails Rocks!" January 31, 2024 5.0 I've had an awesome experience with Datarails and I'm very happy with the selection of this tool. Pros The flexibility of reporting and acceptance that Excel is a great tool that Datarails can just make even better. Cons It cannot easily pivot dimensions in your hierarchy in reporting like Hyperion. Reason for choosing Datarails Flexibility of reporting utilization with Excel combined with overall lower cost than providers like OneStream. Review Source MS Michael S. Manger of Financial Planning and Analysis Environmental Services Used the software for: 1-2 years ### "Experience with DataRails" January 26, 2024 4.0 The overall experience with DataRails has been positive, but the company seems more interested with automating as much as possible rather than in teaching and empowering customers to become super users of the software. Pros Once set up, DataRails is an effective tool to manage our regular as well as ad hoc financial reporting. It has saved time in constructing standard reports, thus freeing up time for deeper analysis. Cons The process of setting up the environment can be tedious and confusing. Troubleshooting errors can be time consuming, particularly if your inputs are larger files (Any change to the Data Mapper needs to process to all files within a File Box) or if you have multiple inputs with different mappers (When input files are not uniform in structure, attempting to construct uniform mappers across inputs can be maddening). There is no readily available resource that can thoroughly or effectively explain the flow of data or how to construct a Data Mapper to specific needs. Switched from [Alteryx Designer](https://www.capterra.com/p/145696/Alteryx-Designer/) The switch preceded my time at Keter so I cannot say why the switch was made. Review Source JC Joseph C. Business Analyst Real Estate Used the software for: 6-12 months ### "Holding Company in the Real Estate Industry" December 22, 2021 4.0 Overall, DataRails has been great for our business. We are moving from using manual spreadsheets for financial reporting into automating this process in order to save time and look forward for trends, instead of always looking back in time at our data. It has been smooth and will be an easy transition for us. Above all else, \[SENSITIVE CONTENT\] has been super helpful. \[SENSITIVE CONTENT\] is simply the best. In addition, the Dashboard views are something that will be a great value add as we continue to introduce our portfolio companies to this software, as we are trying to sophisticate some of these businesses and force our business leaders to be continually on top of their financials, business, operations, and more. Pros My favorite part about this software is how easy it is to understand the logic that is going on behind the scenes. We are a holding company of 18 different operating companies using DataRails to automate our financial reporting process, as well as house all of our financial data in one system. Knowing how it works behind the scenes in critical and using the backend mapping is easy in order to make changes, fix errors, etc.... It makes it pretty easy to understand for the average user. Cons There is always room for improvement, like with anything. I think the biggest challenge for our company is not having all our accounting systems integrated into the system due to some industry specific accounting softwares not being able to integrate into DR. I think one thing that would be great would be more training videos or education in order to not rely on the customer success manager as much, just to improve efficiency and time. Review Source Response from Datarails January 2, 2022 Thanks Joseph for the amazing review. We couldn't be happier to work with you and the team. We look forward to improving the global scorecard, the various performance reports and dashboarding capabilities. CF Christine F. Controller Automotive Used the software for: 1-2 years ### "Great forecasting/budgeting software" June 8, 2022 4.0 Great customer service, very quick to respond and very helpful walking me thru different ways to show my data that would be easiest to maintain. Easy to use product that adapts to your company, rather than having to adapt to the product. Pros This software was very easy to implement as we transitioned from a different software. what sold us on DataRails was the ability to continue to use our current reports. Dashboard views are also great, it gave us the ability to report on operations metrics , versus some software's that only focus on financial reporting. We also really liked the idea of having a dedicated customer rep , this has been extremely helpful thru the implementation, but also in creation of all our reports Cons Would like to see more development in consolidation/conversion, as well as adding to dashboard reporting. Alternatives considered [Insight](https://www.capterra.com/p/10010537/Insight-Salon-Software/)[Workday Adaptive Planning](https://www.capterra.com/p/130072/Adaptive-Insights/) Reason for choosing Datarails Easy of use, ability to set up based on our company needs without having to re-set our whole process, Cost Review Source MR MATTHEW R. FPA Manager Security and Investigations Used the software for: Less than 6 months ### "Great product" April 25, 2024 5.0 Really good, would recommend............ Pros Ease of implementation, cost effective, great support, new features added Cons getting used to DR formulae as a typical Excel user. Would be great if i could copy paste excel formulae into DR and it could translate to DR formulae. Review Source Dustin V. Assistant Controller Hospital & Health Care Used the software for: Less than 6 months ### "Good, but training could be better" April 18, 2024 4.0 Pros The Excel implementation is great, but the ability to get efficient is labored. Cons The inability to know what type of user you are and what access you have. You may be trying to accomplish a task and looking for an option that you may not even have access to. Also, the confusion of File Boxes and Data Mapping and integrations and configurations is all jumbled. More concise direction would be appreciated. Review Source MB Madison B. Business Analyst Hospital & Health Care Used the software for: 1-2 years ### "Datarails Review " March 4, 2024 4.0 Pros I like the ability to create and store multiple different reports in one platform that is easily accessible. With the number of reports our team produces it is beneficial to report out of one place. Cons There are limitations to the types of dashboards we need to create in the system. Some files we are unable to aggregate because of the data type which is crucial to a number of our reports. The file mapping can sometimes get confusing when there are additional columns that have been added and we need to reconfigure the mapping, but our historical data does not have the exact same data, it has caused issues in the past. Review Source VR Verified Reviewer VP Finance and Treasurer Environmental Services Used the software for: 6-12 months ### "A cost effective low change management tool for planning/forecasting/reporting" March 11, 2024 5.0 Pros Low change mgmt if you need to stay in your Excel environment. Leverage their technology to keep your spreadsheets, formulas and financial models. Implementation was very intuitive Cons Double edge sword......The tool is very customizable which is awesome but this means you need a fair bit of technical savvy to really get the most use outside of the standard use cases. Review Source VR Verified Reviewer Manager Construction Used the software for: 2+ years ### "Best investment for our finance team" August 14, 2019 5.0 With this platform finance brings in data from many sources in little time. This responsivity and accessibility has been essential to the identification of key drivers that used to be produced in 5 times the amount of time. Information is available on a global scale instantly so we can standardize analyses. A great investment if you’re looking to improve processes Pros Finance is pleased with the ease of use and accessibility of data Cons Would be happy if there were more frequent updates Alternatives considered [Prophix One](https://www.capterra.com/p/139909/Budgeting-Solution/) Reason for choosing Datarails We wanted to keep working on Excel. DataRails lets us do that, whereas other platforms asked us to migrate our information to their system. Review Source Response from Datarails December 2, 2021 Well said! Providing a reporting solution that works on excel is what separates us from our competitors. Please get in touch with your account manager to hear about our most recent updates, they are pretty exciting! AR Assaf R. Corporate Controller Financial Services Used the software for: 2+ years ### "Great Product and Very quick implementation" January 18, 2024 5.0 Great product, Helped us combined several source of data into one dashboard. Very easy to use and present all the data in one place. Save us time in closing the BVA and creating the Board presentation. Pros Easy and quick implementation Able to connect to all file sources - Netsuite, Bizdoc etc User Friendly to all users Cons The price is a little bit high. I approved it before signing and enjoy the product but its still high :-) Reason for choosing Datarails The quick implementation - you can go live in a week and all others where minimum 3 months. Review Source JH Jesse H. Director of FPA and Derivatives Oil & Energy Used the software for: 6-12 months ### "DR Review " January 2, 2024 5.0 Pros Being able to pull disaggregated data together has been a big plus. But what I am really finding value in is the dashboarding and storyboard capabilities. Cons There are a few hiccups w/ the capabilities of the charts within the dashboards but we are working w/ the product team to fix those. Alternatives considered [CUBE](https://www.capterra.com/p/157889/CUBE/) Reason for choosing Datarails The main reasons I chose Datarails was for the visualizations, drill down capability and their reports looked very similar to what I was already creating manually in excel. Review Source DF Daniel F. Consultant Program Development Used the software for: Less than 6 months ### "Datarails is THE easiest Data reporting software" January 9, 2024 5.0 From implementation, to connecting with our existing ERP, it's been a piece of cake to use. Learning more of the complex formulas and data comparison's now and really if you have a tiny bit of formula usage background, like even just excel formula's, then it isn't hard to use at all. And that's for the complex, multi-table data combining type of reporting. Pros We've utilized other softwares for our clients, NSAW, Quickbooks, Custom Spreadsheets - nothing has been easier to implement and use AND then share with colleagues than Datarails Cons Honestly, it's been about 4 months and I haven't had a bad experience with Datarails yet. Switched from [NetSuite](https://www.capterra.com/p/135757/NetSuite/) NSAW was very complex to set up, create live reports, and teach others how to use Review Source Grant T. Controller Hospital & Health Care Used the software for: 1-2 years ### "Datarails Review" February 28, 2024 5.0 Pros Great customer support and on-boarding. Easy to refresh integrations. Easy to use, excel-based formulas. Cons Unable to manage extremely large amounts of data and perform complex calculations. Review Source JA Jason A. Finance Manager Pharmaceuticals Used the software for: 1-2 years ### "DataRails - an efficient and simple tool with potential for improvement" January 30, 2024 4.0 Pros I like the following items about datarails 1) its simplicity in terms of report creation and implementation 2) it is a great collaborative tool Cons Areas of improvement include: 1) The dashbaord functionality is very limited compared to tools such as Tableau. I would like to see more features in terms of the types of graphs and customizability 2) API connections should be alot easier to implement. We have been struggling to get a live connection to DataRails from our ERP for some time now Review Source TS Trevor S. Deputy CFO Education Management Used the software for: 6-12 months ### "Good Product - Takes Time" August 19, 2023 5.0 It has been a phenomenal value add for our organization. Our team finds it incredibly helpful to use in thinking through multiple scenarios. Pros The flexibility of Datarails is fantastic. We’ve been able to draw in multiple data sources to present a clear picture of our financial situation with the additional context. Cons The onboarding process can take a few months. You are told upfront that it takes about 3 months. In our case, it took us about 6 months of working daily with their team to be ready to go. They were very supportive, but it does take time. Review Source LB Lew B. Finance Director Non-Profit Organization Management Used the software for: 1-2 years ### "A lifesaver" December 22, 2021 4.0 Having a dedicated Customer Success Manager has been wonderful. Pros This product has allowed me to maintain my existing excel worksheets while speeding the closing process and allowing me to focus on variance analysis as opposed to simply on reporting Cons I would like to see waterfall charts as part of the graphic offered Reason for choosing Datarails Once I tested Datarails I knew it was the right solution for us. Review Source Response from Datarails December 30, 2021 Thank you Lew. We look forward to more weekly sessions focused on productivity and finding new ways to improve the financial analysis workflows in your organization to Excel to the power of DataRails. JD Jorge D. CFO Non-Profit Organization Management Used the software for: 6-12 months ### "Easy to Implement and Superb Customer Service" September 14, 2022 4.0 We have had an excellent experience with the DataRails implementation Team. The person assigned to our account \[SENSITIVE CONTENT\] is very responsive to our questions and he has been able to trouble shoot all challenges that we have found during our configuration and implementation process. This Excellent Customer service is the primary reason why we stayed with DataRails. Pros We found the software very easy to implement as we were able to quickly interface our current Excel Spreadsheets with DataRails. Cons We are currently using DataRails primarily for Budgeting and we are using a significant number of spreadsheets/Budget Schedules to feed into the budget. The more sheets you add, the more DataRails slows down in order to update the budget when you revised one of these spreadsheets. If different people are updating various spreadsheets at the same time, it takes more time for DataRails to update all budget figures. Alternatives considered [NetSuite](https://www.capterra.com/p/135757/NetSuite/)[Planful](https://www.capterra.com/p/72818/Host-Analytics-EPM-Platform/)[Microsoft Power BI](https://www.capterra.com/p/176586/Power-BI/) Reason for choosing Datarails As a non-profit organization, we have very limited financial resources, so we were looking for a budgeting/reporting solution that meets our needs while being affordable. At the same time we did not want to get rid of all of our spreadsheets that we had already developed to draft our budget. DataRails offers the ability to integrate our current spreadsheets, which made the leaning curve very easy for our staff. Review Source Similar Products Featured