Reporting & analytics

Quickly interpret, analyze, and share financial insights

Name: Financial Reporting Software - Drivetrain
Brand: Drivetrain
Rating: 4.9 (65 reviews)

See the big picture by connecting and merging data across multiple sources. Customize financial reports with best-in-class visualizations.

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Fueling finance teams globally

4.9

Rating by G2 users

Outcomes

Single version of truth

Succeed with the right financial information to build, maintain and visualize reports.

Speed to decision

Get actionable insights quickly to make confident decisions.

Faster alignment

Achieve faster process buy-in across all teams with built-in collaboration functionality.

Connect reports directly to source data—without IT support

Get complete visibility into business performance with multi-data source consolidation—from ERP, CRM and billing systems to databases, Excel & CSV.

Create and view reports that are always in sync and consistent—numbers are automatically updated when they change in underlying data sources.

Customize your reports—be it pro forma statements such as P&L, or fundraising due diligence and board presentations.

Understand and validate the story your data is telling

Access data, build reports and dashboards with a familiar Excel-based interface.

Drill-down from summary to transaction data to quickly identify drivers that impact revenue goals and answer follow-up questions.

Automate calculation and consolidation of financial and SaaS metrics, cash flow & sales projections.

"Before working with Drivetrain, monthly close would take Quantum Metric’s GL accounting team of four people between 2-3 days, sometimes longer, now it takes 2 hours."

Andrew De Fanti

FP&A Manager, Quantum Metric

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Secure and accelerate your reporting process

Benefit from standardized processes and robust access controls.

Ensure consistency across all internal and external reporting—be it churn calculations, investor reporting or fundraising due diligence.

Mitigate the risk of manual data entry by dynamically linking your data sources to financial reports.

Uncover more insights using powerful analytics

Understand the drivers your revenue model is based on at a granular level—break it down by any dimension such as territories, segments, products, etc.

Create actionable dashboards to analyze metric trends such as MRR, churn, LTV, cash flow, and more with minimal effort.

Identify key drivers and anomalies with one-click root cause analysis to optimize revenue, cost and profit.

Spend time analyzing data rather than preparing it

Pro forma reporting

Create pro forma financial statements such as P&L, balance sheet, cash flow, and more.

Investor reporting

Automate creation and sharing of key metrics with investors in real-time.

Ad hoc business reports

Create custom metrics with plain-English formulas & transform them into charts or tables.

Variance analysis

Automated consolidation of data for real-time monitoring of plan vs. actuals.

SaaS metric reporting

Easily report on SaaS metrics and complex financial ratios at any dimensional-level.

Scenario analysis

Run What-If scenarios and perform root cause analyses in minutes to answer higher order questions.

Frequently asked questions

What is financial reporting software?

Financial reporting software is a specialized tool or system that enables businesses to automate financial processes, manage financial data, ensure data accuracy and integrity, and monitor their financial health.These tools help you create comprehensive financial statements and reports in real time, including three-statement model reports (P&L or income statement, balance sheet statement, and cash flow statement) along with other types of reports such as board and investor reports, annual reports, and financial and non-financial information needed for the business.

What are the biggest benefits of using financial reporting software?

Financial reporting tools offer many benefits for businesses. Here are the top three:

1. Faster, more accurate and efficient financial reporting: Automations built into most financial reporting software tools streamline the financial reporting process by eliminating manual entries and reducing the risk of errors. By collecting and processing data from your source systems automatically, you can get real-time insights at any time enabling more agile, data-driven decision-making.

2. Real-time visibility into your business: Financial reporting software provides finance leaders detailed insights into the company’s financial performance, including revenue, expenses, and profitability and streamlines on-demand reporting for the entire organization, ensuring finance teams and leadership have easy access to KPIs, metrics and trends, and reports through customizable dashboards.

3. More time for strategic planning: Financial reporting software automates all the time-consuming, tedious and error-prone manual tasks associated with financial reporting, giving you and your organization's finance team more time to work on strategic planning and high-value activities that drive business growth.

What are the capabilities to look for in a financial reporting tool?

There is a wide variety of financial management software and tools on the market today that offer one/more of the core capabilities you need for faster and more effective financial reporting.

Key features to look for include:

Automated reporting
Three-statement financial reporting
Real-time financial statement analysis
Custom reporting and/or flexible templates
Interactive dashboards with robust visualizations
Role-based access controls

Many of these capabilities come as part of a larger solution such as accounting software, enterprise resource planning (ERP) software, and corporate performance management (CPM) or business budgeting software.
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While you can combine several tools to get all the different features you need for your financial reporting, doing so isn’t ideal. The most obvious downside to this approach is the cost. There’s also the time required to onboard and integrate them all, and of course, not all technologies play well together.
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‍FP&A software offers one of the best and most comprehensive solutions for financial reporting because they not only support comprehensive – a single, fully comprehensive platform that supports all your reporting needs, while providing robust capabilities for all your other core FP&A activities, such as

How can Drivetrain help me with my financial reporting?

Drivetrain is a strategic finance software that combines all the power of a third-generation FP&A solution with robust financial reporting tools that help CFOs and finance teams quickly and easily create engaging and deeply informative financial reports for stakeholders at all levels. CFOs and finance teams quickly and easily create engaging and deeply informative financial reports for stakeholders at all levels. Drivetrain offers 800+ integrations to help you easily consolidate your financial and business data (without IT support). With Drivetrain, you get real-time metrics and KPI tracking on a single platform, eliminating the time and effort required to manually pull and reconcile data from different sources to create your reports. Here are some of the other ways Drivetrain optimizes financial reporting:

Intuitive self-service interface (ranked #1 on G2 for ease of use)
Easy-to-use contextual collaboration feature with Slack integration
Real-time budget vs. actuals analysis with drill-down to transactional level
Connected modeling, including automated three-statement model reports
Automated reporting with best-in-class interactive dashboards and visualizations
Custom report builder along with templates to help you get started quickly
Role-based access controls for secure sharing of reports and information

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