Datarails — Best Legal & Finance AI Tool (April 2026)

About Datarails

Datarails — Datarails is an FP&A software solution providing finance experts with an easy way to conduct FP&A, budgeting, and forecasting. It automates data consolidation, reporting, and planning, while enabling finance teams to continue using their own Excel spreadsheets and financial models.

Top use cases

Automate the collection of data from across your organization and bring it all to one place.
Streamline your financial close by automating repetitive tasks like preparing your P&L, balance sheet and cash flow statement.
Estimate costs and revenues for the entire business, while bringing order to your budget collection process.
Plan ahead to make sure your company’s business decisions are founded on informed and up-to-date projections.
Prepare for multiple possible futures by evaluating how various changes in your financials can be expected to affect business outcomes.
Dive deeper into your financial or operational data to examine anything from key variance drivers to head count, sales performance, COGS and (virtually) everything in between.
Use graphs and charts to share the story of your data and collaborate with other teams.

Built for

Finance teamsFP&A analystsCFOsFinancial controllersBusiness analysts

Key features

Data consolidation
Financial reporting & monthly close
Budgeting & Forecasting
Scenario modeling
Analysis
Data visualization
AI-powered FP&A Genius
Excel integration

Pros & cons

Pros

Automates repetitive FP&A processes
Integrates with existing Excel models
Provides AI-powered insights
Consolidates data from multiple sources
Enhances collaboration among team members
Offers management self-service capabilities

Cons

Requires a paid subscription
Learning curve for new users
Reliance on Excel knowledge
Need internet access

Frequently asked questions

How much does Datarails cost?

We tailor each package to custom-fit your needs, based on factors including the financial reporting, planning or analysis goals you want to achieve (which we call “use cases”), and the number of users and integrations. Fill out the form on this page to get pricing for the solution that meets your needs best.

Do reports, dashboards or PowerPoints cost extra?

No, there is no limit to the number of outputs you can have with Datarails. Create as many reports, dashboards or PowerPoints as you need for your finance or operations team, management or board reporting, or any stakeholders within or outside your organization. They’re fully customizable, and because they’re based on the data consolidated by Datarails, they can also be updated in real time and you can even drill down to answer questions on the spot.

Why should I pay for Datarails when I already have Excel?

Do you live in Excel? So do we! Excel is an irreplaceable tool for finance professionals – that’s why we don’t think you should replace it, we think you should supercharge it. With a Datarails license, you get both Datarails Flex, the Excel add-in for FP&A, and a web app that stores your data securely in the cloud. So you can stay in Excel – and keep your financial models and all the flexibility you normally have – without worrying about heavy spreadsheets that freeze on you and take forever to open, or having to figure out if you’re in the latest version. You’ll be able to collaborate with team members and access your financials no matter which spreadsheet or data system the numbers came from, how the data’s structured, or where in the world you’re located (as long as you have Internet access!).

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