Datarails Strengths, Domain Expertise, and Key Differentiators
DataRails is a financial planning and analysis platform, that automates financial reporting and planning while enabling finance teams to continue benefiting from the familiar spreadsheets and financial models of Excel. Automating these time-consuming manual processes paves the way for finance teams to spend more time analyzing data and less time gathering it. Empowers to answer strategic essential questions, like avenues for revenue augmentation and strategies for expense reduction within their respective organizations.
Datarails Recent Developments
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 Overview
350 W 34th St
New York, NY, 10119, United States
1 617-917-3387
https://www.datarails.com/
Ownership: - x
Number of Employees: 180
Functional Markets: EPM, ERP Financial,
Key Verticals: Banking and Financial Services, Construction, Real Estate, Consumer Packaged Goods, Distribution, State and Local Government, Public Safety, Healthcare, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Youth and Elderly Care, Professional Services, Retail, Transportation,
Datarails Key Enterprise and Cloud Applications
Datarails FinanceOS
Datarails Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Datarails Revenue Breakdown By Type, $M:
Datarails Enterprise Applications Revenues By Functional Markets, $M:
Datarails Enterprise Applications Revenues By Verticals, $M:
Datarails Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Datarails Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
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 has officially declared its strategic trajectory towards acquiring 1300 customers by the conclusion of the year 2022. The upcoming endeavors of the company will be closely observed as it navigates this growth trajectory under the leadership of its newly appointed executive team. Noteworthy among its current clientele are prominent organizations such as Echo Engineering, Association Headquarters, NovaTech, Entreposage Montreal Mini-Storage, Arc Home, Relayr, JL Clark, Freightwise, City of Somerville, Bedrock Quartz, and numerous other entities. The company's expansion and engagement with a diverse range of organizations highlight its growing influence and relevance in the market.
Datarails Market Opportunities, M&A and Geo Expansions
In March 2022, 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 current reliance on clients who predominantly utilize Excel for manual financial planning raises a strategic concern. The overreliance on such traditional methods may pose challenges in terms of efficiency, accuracy, and adaptability to modern business dynamics. Exploring opportunities to transition clients towards more advanced and automated financial planning solutions could enhance operational resilience and position the company for sustained growth in a rapidly changing environment.
Datarails Ecosystem, Partners, Resellers and SI
DataRails fosters strategic 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.
Datarails Cloud Infrastructure Insights
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- Datarails Public Cloud and Infrastructure (IaaS)
- Datarails Platform (PaaS)
- Datarails Application Delivery
- Datarails Private Cloud and Data Centers
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:
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