Say hello to your financial planning partner
Datarails is the virtual planning partner that makes it easy to collaborate with your colleagues. Because budgeting and forecasting shouldn’t be a solo job.
Stop the ping-pong
Work together smoothly with other teams by keeping all communication about the budgets and forecasts in one place. Track file versions, feedback and status for each department and stakeholder.
“We’re growing, so I’ve got to have the flexibility that the company needs to do that financial planning. I really could not do that very frequently before using Datarails, and now I can.”
Plan for what’s next
Data-driven projections are crucial to preparing for the future. So is the flexibility to choose which metrics you’d like to forecast – and how often. Revenue? Costs? Cash flow? Headcount? We’ve got you covered, through next week, next month, next quarter or next year.
Enterprise Financial Planning and Analysis (FP&A) is a strategic process that involves budgeting, forecasting, and financial modeling to help organizations align resources, evaluate performance, and make data-driven business decisions.
The first step in financial planning is setting clear financial goals, which guide all budgeting, forecasting, and investment decisions. This involves identifying short-term and long-term objectives based on the organization’s strategy and priorities.
Financial planning is important because it helps organizations allocate resources efficiently, anticipate future challenges, and make informed decisions to achieve strategic goals. It also provides a framework and benchmark for measuring performance and managing financial risk.
Financial planning outlines a long-term strategy for achieving set financial goals, while financial forecasting projects future financial outcomes based on current data and trends to support short-term decision-making.
The business budgeting process typically involves setting financial goals, gathering data, forecasting revenue and expenses, creating and reviewing budget drafts, getting approvals, and continuously monitoring performance against the budget.
