What is DataRails and how does it function? DataRails is a tool that offers smart analysis and financial planning capabilities for Excel users seeking to benefit from financial automation. It simplifies the process of collecting, reporting, and analyzing data, as well as forecasting future financials and planning operations accordingly. DataRails allows for the automation of data gathering from various sources, including Sales, GL, Forecast, Budget, and any other data generated by a business system or stored in a spreadsheet. It enables users to extract specific data directly from their existing Excel spreadsheets. Instead of keeping multiple copies of worksheets, DataRails allows for the storage of all data in a database, allowing for the examination of different data aspects. Real-time data slicing and dicing for analysis and reporting is available to users. Through a web-based real-time dashboard, findings can be shared with team members and management. DataRails also facilitates the automation of depreciation and amortization calculations and the tracking of capital expenditures. Furthermore, it provides real-time analysis of OPEX to effectively plan and manage future expenditures.
