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Financial Statement Software for Finance Teams | Excel-Native AI | Datarails

Financial Statement Software 

Close faster. Report live. Never leave Excel.

Most financial statement software wants you to rebuild your reports in a new tool. Datarails connects your ERP and accounting data, consolidates every entity automatically, and produces live P&L, balance sheet, and cash flow statements — inside the Excel models your team already uses. All the accuracy of enterprise-grade financial reporting. None of the rebuild.

 

Trusted by 1,000+ finance teams.

 

Datarails FP&A software customer ratings — G2 Leader and Capterra reviews

 

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Trusted by finance teams 1,000+ finance teams already use Datarails for their FP&A workflows
AI-powered FP&A software dashboard from Datarails

AI-Powered Financial Statement Software

Traditional financial statement software forces your team to choose: keep the Excel models you've spent years building, or rebuild your P&L and balance sheet from scratch in a new system. Datarails removes that trade-off. It layers AI-powered automation, live data connectivity, and intelligent reporting directly on top of Excel — so your statements always reflect current actuals, not last week's export.

 

The result: automated variance commentary, P&L summaries that write themselves, and board-ready financials without a PowerPoint rebuild. This is financial statement automation the way finance teams actually want it.

See AI-powered financial statements in action
Automated FP&A consolidation workflow in Datarails

Automated consolidation across every system, entity, and spreadsheet

Finance teams at growing companies spend 40–60% of their time collecting and reconciling data before they can produce a single financial statement. Datarails eliminates that problem. It connects directly to your ERP, accounting system, CRM, HRIS, and bank feeds pulling live data into a single consolidated model automatically, on a schedule you control. No manual exports. No version chasing. No reconciliation spreadsheets.

 

Your financial statement software should give you accurate, auditable numbers from day one. Datarails delivers them inside the Excel environment your team already trusts.



See automated consolidation
Live FP&A reporting and financial planning dashboard in Datarails

Live financial statements and scenario analysis

When the CFO or board asks for updated financials, your financial statement software should help you answer in hours - not after a three-day data pull and rebuild. Datarails connects your statement templates to live ERP and actuals data, so every P&L, balance sheet, and cash flow statement reflects what's true right now. Reforecast without rebuilding. Add a scenario without duplicating the model.

 

Share board-ready financial statements without a PowerPoint export. This is what modern financial statement software looks like - and it runs entirely inside Excel.



 

See live reporting and planning

Everything your FP&A team needs in one financial planning platform

Financial Consolidation & Close

Consolidate actuals from every entity, system, and spreadsheet into a single model automatically. Datarails FP&A software runs built-in validation and audit trails so your close is faster, cleaner, and fully reconciled - every month, not just at year-end.

Financial Reporting & Dashboards

Build interactive P&L, cash flow, and balance sheet reports that update the moment your ERP refreshes. Share live financial dashboards with stakeholders directly from Excel — no PowerPoint rebuild, no stale data, no manual refresh.

Financial Planning & Budgeting

Build your annual budget and connect it to live actuals — all inside Excel. Datarails FP&A software automates budget collection from department heads, consolidates submissions into your master model, and keeps your plan current throughout the year.

Forecasting & Scenario Analysis

Run base case, upside, and downside scenarios inside a single model without rebuilding from scratch. Datarails FP&A tools let you update assumptions, refresh actuals, and publish a reforecast in the time it used to take just to gather the data.

AI-Powered Variance Commentary

Datarails FP&A software automatically identifies the key drivers behind every variance and generates plain-English explanations for your reports. The analysis your team used to write manually - delivered instantly, every reporting cycle, with no additional effort.

Excel-Native FP&A Workflow

Unlike other FP&A platforms that require you to rebuild your models in a new tool, Datarails runs directly inside Excel. Your team keeps working in the environment they know — now with live data, automated consolidation, and AI insights built in. No migration. No retraining. No disruption.

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Complete your finance stack with Datarails

Datarails FP&A

Datarails FP&A

Plan, budget, forecast, and report with real-time insights

Learn More
Datarails Month-End Close

Datarails Month-End Close

Plan, track, and execute every close activity from start to end

Learn More
Datarails Cash Management

Datarails Cash

Real-time visibility into cash positions with forecasting and scenario analysis

Learn More
Datarails Spend Control

Datarails Spend Control

Control spend with approvals and real-time visibility

Learn More
Datarails Connect

Datarails Connect

Centralized data from all sources for fast, flexible reporting and analytic

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Why finance teams choose Datarails FP&A software

“ ”

“I think choosing Datarails was the greatest decision ever for our company.”

Grace Li
Grace Li Origin Investments
Origin Investments
“ ”

“Thank goodness we went with Datarails, because there’s no way we’d be where we are as a team.”

Charlotte Kelly Head of FP&A, Butternut Box
Butternut Box
“ ”

“Datarails gives us a single source of truth. That kind of visibility changes everything.”

John Smith
John Smith CFO, CDG
CDG

Finance teams running Datarails FP&A software consistently report:

75%

less manual spreadsheet work

50

hours of labor saved a month

4x

increase in efficiency

Ready to see what modern financial statement software looks like?

G2BestSoftware2026-Badge-Persona-AccountingFinance-4 Datarails FP&A software award Datarails FP&A software award Datarails FP&A software award capterra shortlist 2026 Datarails FP&A software award Datarails FP&A software award

FAQ

FP&A software (Financial Planning & Analysis software) is a category of finance tools designed to help teams automate the three core workflows of a modern finance function: financial planning and budgeting, forecasting and scenario analysis, and management reporting. Good FP&A software connects your  accounting and ERP data, automates consolidation, and gives your team a single model to plan, forecast, and report from - replacing the manual, error-prone spreadsheet workflows that slow most finance teams down.

Excel is a powerful modelling tool, but it has three well-known limitations for FP&A teams: it can't pull live data from your ERP automatically, it has no built-in version control or audit trail, and it breaks down when multiple people need to work in the same model. Datarails FP&A software solves all three without asking your team to leave Excel. It adds live data connectivity, automated consolidation, version control, workflow approvals, and AI-powered analysis  directly on top of the Excel models your team already uses.

Most financial planning and analysis software tools require you to migrate your models into a new proprietary environment - a process that typically takes 6-18 months and requires rebuilding your financial logic from scratch. Datarails takes the opposite approach: it enhances Excel rather than replacing it. Finance teams get enterprise-grade FP&A capabilities (automated consolidation, live actuals, scenario planning, AI commentary) in a fraction of the implementation.

Datarails integrates with 600+ systems, including the most common ERPs (NetSuite, QuickBooks, Xero, Sage, Microsoft Dynamics, Oracle, SAP), CRMs (Salesforce, HubSpot), HRIS platforms (BambooHR, Workday), and bank feeds. Once connected, your data flows automatically into your Excel models - no manual exports, no VLOOKUP maintenance, no reconciliation spreadsheets.

AI-powered FP&A software uses machine learning to automate the analytical

work that currently takes finance teams hours or days. In Datarails, the AI layer identifies variance drivers automatically (instead of a manual analysis), generates written commentary for board reports, surfaces anomalies in your financial data, and suggests forecast adjustments based on historical patterns. The result: your team spends more time on strategy and less time writing the same variance analysis every reporting cycle.