Financial Data
Analytics

Drill-down into your numbers to uncover what they’re truly telling you.

Moving from reporting
what happened to making things happen

Thanks to the ability to automate reporting and easily track variances, switch your focus from reporting to problem-solving by identifying key drivers and spotting red flags in your business.

Gain a deeper understanding
of your business

With all your data centralized in one place, get meaningful insights for each segment of your business. Drill-down from the P&L into your Price/Volume/Mix or Direct Material pricing changes vs prior year.
Use the one-stop-shop to explore the high-level picture, while drilling down for full-scale granularity.

Provide management with accurate analyses

Review all areas of the business to provide management with in-depth analyses that truly paint an accurate picture of the organization’s strengths and weaknesses. 
Help stakeholders understand performance in all areas including Revenue, COGS, OPEX, CAPEX, AP, and AR among others.

Use operational and financial data in tandem to get meaningful insights, as well as understand drivers for revenue & expense swings. These insights will help drive improved behaviors going forward.

Conduct diverse comparisons to understand drivers

Compare any part of your business by conducting variance analyses by any relevant driver.
Compare Actuals Vs Budget, Actuals Vs the latest forecast or Y-o-Y to track seasonality.

With DataRails, we save anywhere between two to five full working days per month. Amazing!

Jens Stottmann,
CFO, Comfy

Conduct ad-hoc analyses
on-the-fly

Look at your numbers from a new and fresh perspective by conducting on-the-fly analyses, instantly creating newly calculated metrics, and creating insightful KPIs.

Frequently Asked Questions

What is financial data analytics?

Financial data analytics is a subset of BI and EPM. This form of analytics refers to looking into financial numbers in order to extract insights pertaining to the business. Financial data analytics can help businesses decide on strategic measures and make improved business decisions.

What do financial data analysts do?

Financial data analysts are responsible for preparing financial and analytical reports, identifying valuable insights, and helping guide managerial decisions. Oftentimes financial data analysts prepare forecasts as well. They typically collect information from various divisions within the company in order to produce reports. Generally speaking, financial data analysts make sure that all relevant decision makers have the information they need to make optimal business decisions.

What does financial analytics software provide?

Financial analytics software provides an overview of financial, and oftentimes also operational, data from different organizational systems. Combined with drill-down capabilities, they provide real-time information that help in tracking figures such as revenue, expenses, and profitability, as well as producing forecasts, budgets, reports, and planning. All in all, this aids in improving business efficiency and creating tailored reports that can help address particular topics.

What tools are used in financial analysis?

There are numerous tools and techniques that can be leveraged to evaluate an organization’s financial status. These include a time-series analysis, which compares a company’s financial data over time, a cross-sectional analysis, which compares performance with performance of other companies, as well as financial ratios, common-size financial statements, currency translations, and chart analysis.

Discover DataRails for your organization