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DataTracks description
DataTracks provides cloud-based software that automates the creation of financial reports required by regulators in the US, UK, EU, and other regions. Their software takes data directly from your existing systems to produce reports in various formats, including XBRL, iXBRL, and HTML. DataTracks also offers support services to help with tagging, report preparation, and regulatory compliance. With a long history and thousands of clients served, DataTracks focuses on making complex financial reporting easier and more accurate for businesses of all sizes.
Who is DataTracks best for
DataTracks simplifies regulatory reporting with cloud-based software that automates the creation of financial reports in XBRL, iXBRL, and HTML formats. It integrates with existing systems and offers support services for tagging and compliance. Users praise its ease of use, accurate reporting, and excellent customer support. However, some find its data analytics capabilities limited and navigation could be improved. Best for small to mid-sized companies needing a cost-effective compliance solution.
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Best fit for small to mid-sized businesses needing streamlined regulatory reporting.
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Ideal for finance, but suitable for any industry with complex compliance needs.
DataTracks features
| Supported DataTracks automates the creation of reports in HTML, XBRL/iXBRL. |
| Supported DataTracks automatically extracts data from existing systems. |
| Supported DataTracks allows collaborative writing within reports. |
| Supported DataTracks is a cloud-based solution. |
| Supported DataTracks complies with SEC EDGAR, iXBRL, and other global standards. |
| Supported DataTracks offers workflow management for regulatory reporting. |
| Supported DataTracks integrates with existing financial systems. |
We evaluate the sentiment that users express about non-functional aspects of the software
Ease of Use
Reliability and Performance
DataTracks reviews
We've summarised 21 DataTracks reviews (DataTracks G2 reviews) and summarised the main points below.
- Simplifies compliance reporting.
- Easy integration with existing systems.
- Excellent customer support; responsive and helpful.
- Efficient and accurate XBRL reporting.
- Cost-effective solution for regulatory reporting.
- Limited data analytics capabilities.
- Large report conversion to XBRL can be challenging.
- Navigation could be more intuitive.
- Limited custom features.
DataTracks alternatives
IRIS CARBON®Better user experience and customer support. Higher ratings. Broader industry applicability. Integrates with Microsoft Word and Excel.Read more
WorkivaBetter for collaboration and broader industry fit. Has significantly more momentum. Higher ratings on Glassdoor.Read more
SemansysFocuses more on ESG and sustainability reporting. Has significantly more momentum in terms of web traffic and employee growth. Higher rated by users.Read more
SAP CrystalBetter for data analysis and visualization. Suited for smaller organizations. Offers a free trial and paid options. More difficult to learn, less intuitive.Read more
Essential ERMBetter for risk management. Easier setup and use. Higher rated by users. More affordable for smaller businesses. A DataTracks alternative and competitor.Read more
DataTracks FAQ
What is DataTracks and what does DataTracks do?
DataTracks offers cloud-based software automating financial report creation for regulatory compliance in various regions. It integrates with existing systems, producing XBRL, iXBRL, and HTML reports. DataTracks simplifies complex reporting with support services for tagging and compliance, benefiting businesses of all sizes.
How does DataTracks integrate with other tools?
DataTracks integrates seamlessly with existing financial systems to automate data transfer for report generation. It supports various report formats, including XBRL, iXBRL, and HTML, simplifying regulatory compliance. They also offer support services to assist with tagging and report preparation.
What the main competitors of DataTracks?
Top alternatives to DataTracks include Workiva, Semansys, and IRIS CARBON®. These competitors offer similar functionalities for regulatory reporting, especially XBRL creation and compliance. While DataTracks excels in ease of use and accuracy, exploring these alternatives can provide a broader view of available solutions.
Is DataTracks legit?
DataTracks is a legitimate software provider specializing in automated financial reporting. User reviews praise its ease of use, system integration, and customer support for accurate XBRL reporting. It effectively simplifies compliance, though some users note limitations in data analytics and custom features.
How much does DataTracks cost?
I could not find pricing information for DataTracks. Contact DataTracks directly to determine product pricing and if DataTracks is worth the investment for your business.
Is DataTracks customer service good?
Customers praise DataTracks' responsive and helpful customer support team. They appreciate the fast response times and friendly approach, finding the service easy to use and efficient for various reporting needs. Some users mention limitations with data handling and navigation.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.