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About

Datarails is an AI-powered financial planning and analysis (FP&A) platform designed for Excel users who want to keep their existing models while automating tedious tasks. With FinanceOS, finance teams can consolidate data from multiple sources, generate automated reports, and streamline month-end close without leaving the familiar Excel environment. The platform integrates with leading accounting software, ERPs, and CRMs to centralize all financial data in one place. Built-in visualization tools make it easy to present KPIs, drill into real-time data, and answer stakeholder questions instantly. Datarails’ FP&A Genius uses conversational AI to deliver quick, accurate insights from fully consolidated data. By reducing manual work, the platform frees finance teams to focus on strategic analysis and business growth.

About

Quick Consols is a financial reporting tool for companies and groups that need monthly or annual consolidated accounts. Handles consolidation complexities for groups with multiple year ends, multiple currencies, different charts of accounts and ERP systems with a slice and dice approach to reporting. The app supports partial consolidations. Use our business unit function to create different views of your group, right down to cost centre or profit centre level. Our Analytics module creates visually rich graphs and charts with a slice and dice approach to seeing your consolidated numbers the way you want with a wide range of custom options. Use the financial statements module to prepare your statutory accounts, whether they're annual, half yearly or quarterly using our custom built templates no matter the underlying Accounting Standards you use. Quick Consols is high tech and high touch which means consultants available to assist with your implementation and support.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Finance teams, CFOs, and FP&A professionals who want to automate data consolidation, reporting, and analysis while continuing to work in Excel

Audience

Companies looking to automate their consolidation and financial statement function

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

$500/month
Pricing is based on the size of your group and includes unlimited users and unlimited technical support.
Free Version
Free Trial

Reviews/Ratings

Overall 4.9 / 5
ease 4.9 / 5
features 4.9 / 5
design 4.8 / 5
support 5.0 / 5

Reviews/Ratings

Overall 4.9 / 5
ease 4.9 / 5
features 4.8 / 5
design 4.7 / 5
support 4.7 / 5

Pros & Cons from Real Users

Pros

  • Centralizes our data, structured database is easy to access and draw information from.
  • Insights platform, office integration. Best features by far
  • Automatic consolidation means we don’t waste time bringing together numbers.
  • Reliable consolidation of financial statements from subsidiaries
  • simplifies reporting, can update reports whenever we want, centralized control for execs

Cons

  • Can be laggy, which can be frustrating. Esp when you're in the middle of an important calculation.
  • No cons, we've been using the platform for about 6 months now and so far smooth sailing
  • So far none, but we just recently began using the system..
  • People who love Excel love this product, and vice versa.
  • can crash if you try to overwork it, happened to me about twice

Pros & Cons from Real Users

Pros

  • Effective Financial Consolidation: Quick Consols excels in consolidating financial data into coherent income statements and balance sheet reports, making it vital for financial management. Multi-Currency Proficiency: The app efficiently handles transactions in multiple currencies, a crucial feature for businesses operating internationally. It ensures accuracy in financial reporting despite currency variations. Compatibility with Various ERP Systems: Quick Consols integrates seamlessly with different ERP systems, unifying scattered financial data into cohesive reports and reducing the likelihood of manual errors. Intuitive User Interface: The app boasts a user-friendly interface, simplifying navigation and report generation, thereby enhancing user experience. Time and Effort Efficiency: Automation of month-end processes by Quick Consols significantly reduces the time and effort required in financial reporting, freeing up the finance team to focus on strategic tasks. Reliability and Robustness: Quick Consols is described as a robust and reliable tool, essential for any finance team dealing with complex, multi-system financial data.
  • Quick Consols is a brilliant and exceptional tool that helps us stay on top of our cash flow and it helps us manage vendor payments, client payments and optimize cash flow by easily scheduling payments. It has made financial management more easier, smooth and simple. It is more advanced and efficient.
  • With its user-friendly design, automated data consolidation, and real-time updates, Quick Consols completely changed the way I approach financial reporting, saving me time and improving decision-making.
  • By tracking accounts receivable and accounts payable, Quick Consols software helps us stay on top of our cash flow. We can monitor loan outstanding client payments, manage vendor payments, and optimize cash flow by scheduling payments strategically.
  • I'm very impressed that I can easily generate accurate financial reports on the right time with Quick Consols. It's more advanced, easy-to-use and efficient. Quick Consols monthly subscription fee is affordable thus it's cost saving.

Cons

  • Learning Curve: For new users, especially those not familiar with financial consolidation tools, there might be an initial learning curve in understanding how to best utilize all the features of Quick Consols. Dependence on Data Quality: The effectiveness of Quick Consols, like any data consolidation tool, is heavily dependent on the quality of the input data. If the data from various ERP systems is not standardized or clean, it may affect the accuracy of the consolidated reports.
  • Quick Consols does not support mobile application and it lacks a free trial version. Nothing much to mention as a dislike about it.
  • While initial setup needed additional work, once adapted, it was a blessing. Although there weren't many modification choices, eventually offline work was possible.
  • It was difficult to deploy it with our existing system.
  • Quick Consols lacks a free trial version. Again, Quick Consols lacks a mobile app and I do suggest to see more improvements about this.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Datarails
Founded: 2015
United States
www.datarails.com

Company Information

Quick Consols
Founded: 2017
South Africa
www.quickconsols.com

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FinAlyzer

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Categories

Categories

Financial Management Features

Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

Financial Reporting Features

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Budgeting Features

"What If" Scenarios
Asset Planning
Balance Sheet
Capital Asset Planning
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement
Project Budgeting
Run Rate Tracking
Version Control

Revenue Management Features

Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management

Financial Management Features

Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

Financial Reporting Features

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Business Performance Management Features

Ad hoc Analysis
Ad Hoc Reports
Budgeting & Forecasting
Consolidation / Roll-Up
Dashboard
Key Performance Indicators
Predictive Analytics
Qualitative Analysis
Quantitative Analysis
Scorecarding
Strategic Planning

Integrations

QuickBooks Online
Xero
Microsoft Dynamics 365
Microsoft Excel
NetSuite
SAP CRM
Sage 100
Velt

Integrations

QuickBooks Online
Xero
Microsoft Dynamics 365
Microsoft Excel
NetSuite
SAP CRM
Sage 100
Velt
Claim Datarails and update features and information
Claim Datarails and update features and information
Claim Quick Consols and update features and information
Claim Quick Consols and update features and information