Datarails Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Datarails Strengths, Domain Expertise, and Key Differentiators

DataRails is an FP&A platform that streamlines financial reporting and planning by automating manual processes while preserving the flexibility of Excel. This approach enables finance teams to shift focus from data collection to strategic analysis, empowering them to uncover revenue growth opportunities and implement cost optimization strategies more effectively.

Datarails Recent Developments

In 2024, Datarails launched “Insights” by Genius, a next-gen AI tool that proactively delivers real-time financial analysis, surfacing trends, risks, and growth opportunities. Powered by its FinanceOS platform, it consolidates data from multiple sources to generate instant, accurate reports—effectively acting as a 24/7 virtual FP&A team for businesses of all sizes.

In July 2023, Datarails introduced a new tool for Financial Planning and Analysis (FP&A Genius), with a focus on expediting insight delivery for finance teams to facilitate swift business decision-making. This tool leverages technology akin to the one driving Microsoft-backed Open AI’s ChatGPT solution.

Datarails Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Datarails applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Datarails and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Datarails FinanceOS customers.

Datarails Key Enterprise and Cloud Applications

Datarails FinanceOS

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Datarails Direct vs Indirect sales

Datarails Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Datarails Customers

No. of Datarails Customers: 1300

No. of Datarails Enterprise Applications Customers: x

No. of Datarails Cloud Customers: x

No. of Datarails Cloud Subscribers: x

DataRails serves 1,300 customers, including organizations such as Echo Engineering, Association Headquarters, NovaTech, and Arc Home. The customer base spans various industries, with a significant presence in the Americas.

Datarails Market Opportunities, M&A and Geo Expansions

DataRails successfully secured a Series B funding round amounting to $50 million, with Qumra Capital leading the initiative. The allocated funds will be strategically utilized to enhance the current product offering by incorporating additional predictive modeling capabilities. Furthermore, the company aims to develop new functionalities tailored for teams utilizing spreadsheets in various departments, extending beyond finance to include areas such as marketing, sales, and human resources. Notably, DataRails remains committed to its focus on Small and Medium-sized Businesses (SMBs).

In April 2021, DataRails completed an $18.5 million funding round, led by the Zeev Ventures Fund, with participation from existing investors, including Vertex Ventures Israel, Innovation Endeavors, and additional private investors. This latest funding round brings the total capital raised by the company to $28.5 million. Demonstrating remarkable growth, DataRails achieved a fivefold increase in Annual Recurring Revenue (ARR) in 2020, following the launch of its innovative product. This product specifically caters to Chief Financial Officers (CFOs) in small to medium-sized businesses, providing them with an enterprise-level Financial Planning and Analysis (FP&A) solution. DataRails distinguishes itself by offering an advanced financial solution that can be implemented within a few weeks, at a fraction of the cost compared to existing legacy solutions that typically require months for implementation.

Datarails Risks and Challenges

The company’s reliance on clients who primarily use Excel for manual financial planning presents a strategic risk. This dependence on traditional methods may hinder efficiency, accuracy, and adaptability in today’s dynamic business landscape. Transitioning clients to more advanced, automated financial planning solutions could improve operational resilience and drive long-term growth.

Datarails Ecosystem, Partners, Resellers and SI

DataRails fosters alliances with system integrators and resellers. This approach not only extends the reach of DataRails within the market but also ensures that users receive tailored and comprehensive solutions.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: