Compare MultiCHAX and DataRails - Mar 2022

Shlomi Lavi

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Bottom Line: Which is Better - MultiCHAX or DataRails?

MultiCHAX is more expensive to implement (TCO) than DataRails, and MultiCHAX is rated higher (92/100) than DataRails (82/100). DataRails offers users more features (15) than MultiCHAX (3).

Looking for the right Accounting & Finance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Chax, Inc. Vs. DataRails

Chax, Inc.: CHAX®: The most cost-effective check by phone, check by fax, and check by internet system available. Checks by phone, fax, or e-mail software allows you to enter your customer's check information, print the information on a blank check form, and deposit the check to any U.S. bank for deposit the same day. Now, collecting payments by check has ne...

DataRails: Collect, report, and analyze data with ease using the FP&A solution built for finance professionals.

Who is more expensive? MultiCHAX or DataRails FP&A ?

The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for MultiCHAX and DataRails FP&A .

MultiCHAX price starts at $99 per license , On a scale between 1 to 10 MultiCHAX is rated 6, which is similar to the average cost of Accounting & Finance software. DataRails FP&A accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 MultiCHAX is rated 6, which is similar to the average cost of Accounting & Finance software.

Bottom line: MultiCHAX is more expensive than DataRails FP&A .

Which software includes more/better features?

We've compared MultiCHAX Vs. DataRails based on some of the most important and required Accounting & Finance features.

MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support.

DataRails FP&A : Version Control, Audit Trail, Budgeting & Forecasting, Financial reporting, Ad-Hoc Analysis.

Target customer size

Customers of the software mainly include small and medium businesses with backgrounds in various major industries. and DataRails FP&A 's target customer size include: Small, medium and large size businesses.