Datarails vs. Jedox
Datarails and Jedox are two of the best FP&A software solutions. With a growing customer base, improved functions, and large number of integrations, it is no surprise that both solutions compared a lot before management makes a decision. In order to better understand the differentiators and which software is best for your organization, The Finance Weekly team has put together a comprehensive report with comparison charts, customer feedback, and a breakdown of category winners.
Side by Side Comparison
Feature | Datarails | Jedox |
|---|---|---|
Excel Compatibility | Complete native Excel functionality as if you never left Excel. Internal financial models can be imported as well. | No native Excel but has an Excel environment with additional function options. Ranks good in comparison to other competitors such as Anaplan and Vena. |
Maintaining Use / Customer Success | Personal Customer Success professional throughout the onboarding process | Above average customer success and support along with a great E-learning platform |
Third Party BI Integrations | Integrates with all of the big software applications (Salesforce, Hubspot, Sage, etc.) in addition to a wide variety of options with over 30 available integrations | Prebuilt ecosystem connectors to streamline data integration from many third party systems including Salesforce, Qlik, and Tableau. |
Integrating Systems | CRM, ERP, HRIS and more | CRM, ERP, HCM and more |
Dashboards | Dashboards have easy to use drill down functions with live charts and real time visualizations | Jedox canvas and P&L, HR, and Sales dashboards are all in-depth and easy to use |
Customer Geographic Segmentation | Mostly US, UK, and Canada | Large variety all over the world |
Audience | SMBs | Small, Medium, and Large Businesses |
Onboarding Engagement | One of the fastest times on the market thanks to native Excel | Very good engagement time thanks to minimal learning time and good support |
Contract Flexibility | Flexible monthly contracts | Flexible monthly contracts- billed yearly |
Pricing | One of the lowest prices on the market- starting at $2k per month ($24k per year) | 4 different subscription plans with a wide variety of pricing for each. |
Datarails Customer Review:
“This software was very easy to implement as we transitioned from a different software. What sold us on Datarails was the ability to continue to use our current reports. Dashboard views are also great, it gave us the ability to report on operations metrics, versus some software's that only focus on financial reporting.”
Christine F.
Controller for Canadian automotive company
Jedox Customer Review:
“Jedox enables our analysts to automate mundane tasks and spend most of their time on strategic activities. The combination of powerful tools makes it easy to connect to multiple data sources and ingest standardized data.”
Christian B.
Reporting Associate for US Investment Management company
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Features and Functionality
Both solutions have great features and functions, and some of the best and most personalized customer support on the market to back it up. Datarails and Jedox both have a host of features that allow finance experts to drill down and crunch the data from all the company’s departments. Finance, Sales, Marketing, Supply Chain and HR all combine into one source of truth allowing the finance team to make quicker and more accurate decisions.
In addition to the basic budgeting and reporting that every FP&A tool has, Jedox offers above average Ad hoc and predictive analytics along with KPI-based reporting and budgeting. To top it all off, the company has a useful E-learning platform that makes it easy to learn and master all that the solution has to offer. But despite Jedox’s above average functions, Datarails provides a slightly easier to use and familiar interface with a short implementation time that is able to provide companies a better ROI on all things FP&A.
Winner: Datarails
Integrations
Datarails and Jedox both have excellent integrations- both in terms of system integrations and third party integrations. For system integrations, they both integrate with CRM, ERP, HRIS, or just about any other system out there. In regards to third party integrations, both companies provide plenty of great options as well. Datarails imports data integrations from important platforms such as Salesforce, NetSuite, Hubspot, Oracle, and over 30 others. Whether it be data from Marketing, Sales, Supply Chain, or scenario planning for any possibility, Datarails will integrate with it all. However, Jedox slightly beats them out due to one reason: pre-built JDBC. If the data base of any integration is enlisted, then it is possible to bring any kind of data into the system.
Winner: Jedox
Built-In Solutions
This is another category which both companies thrive in. With short implementation times and easy to use dashboards and reports, some of the greatest feedback that customers give about both tools are the built in solutions. However there are slight differences here as well. Jedox Canvas is a responsive, free-scrolling, interactive pinboard, with a great P&L, sales, and HR dashboard, while Datarails has an easy-to-use dashboard with live charts and real-time visualization. Although both have above average built in dashboards and solutions, the fact that Datarails has built-in Excel means that the familiarity and ease of use allows more people to benefit from the data and learn the platform quicker.
Winner: Datarails
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Conclusion
Jedox
Jedox consistently ranks as a top 10 FP&A software solution for companies of all sizes. With great dashboard reporting and a high level of third party integrations, Jedox users are consistently able to improve their financial analytics and improve their forecasting. For larger companies looking to upgrade their finance team significantly, Jedox is a great choice.
Final score: ⭐⭐⭐⭐
Datarails
Datarails is the perfect solution for small and medium sized companies. The native Excel functionality means that no matter how small or large the FP&A team is, the time it takes to learn and start benefiting from the system is extremely minimal. In addition, the large number of software integrations allows users to produce in-depth forecasting results and scenario planning by connecting data from all departments- something that every company is looking for during yet another market and supply chain shakeup.
Final score: ⭐⭐⭐⭐⭐
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