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. And it empowers them to answer essential strategic questions like what their organization can do to increase revenue and reduce expenses.
Datarails Recent Developments
In April 2021 DataRails, developer of an FP&A (financial planning and analysis) solution, incorporated 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 brings the total funding of the company to $28.5M. The company grew its ARR 5 fold in 2020 after the launch of its new product, which helps CFOs at small to medium-sized businesses enjoy an enterprise-level FP&A solution. DataRails provides an advanced financial solution that is ready for use within a few weeks and at a fraction of the cost of existing legacy solutions that take months to implement. As a result, DataRails has acquired hundreds of customers in a short time and is seeing retention levels that are among the highest in the industry. Organizational finance departments are swamped with mission-critical tasks such as creating financial reports, budgets, forecasts, and management reports, most of which are prepared manually on Excel spreadsheets. Cloud alternatives to these manual processes are available in the market, but they are expensive, difficult to implement, and do not address the unique requirements of each organization. Therefore, most finance departments prefer manual, Excel-based options. But this solution leads to superfluous mistakes and wasted time and resources.
DataRails' FP&A solution provides a cloud solution that overcomes these barriers. DataRails allows teams to continue to use the familiar Excel and their existing models while concurrently transforming the Excel spreadsheet into a smart and powerful system that is connected to the organizational data infrastructure. DataRails' solution collects data from existing Excel files that are scattered throughout the organization and from organizational cloud platforms and adds them to a database that is updated in real-time. The system encourages finance teams to utilize the data dashboard to easily create real-time graphs and presentations. Organizations continue working in their familiar environment that they know and love but still benefit from full process automation, organizational-level data overviews, and the ability to conduct advanced data analysis to extract insights.
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 customers.
Ownership: - x
Number of Employees: 250
Key Verticals: Automotive, Banking and Financial Services, Construction, Real Estate, Consumer Packaged Goods, Distribution, State and Local Government, Public Safety, Healthcare, Life Sciences, Manufacturing, Youth and Elderly Care, Professional Services, Retail,
Datarails Key Enterprise and Cloud Applications
Datarails Revenues, $M:
|Type/Year||2020||2021||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:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Datarails Enterprise Applications Revenues By Functional Markets, $M:
Datarails Enterprise Applications Revenues By Verticals, $M:
Datarails Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Datarails Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Datarails Customers - Breakdown by Geo, Size, Vertical and Product
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 announced that the company is on course to have 1300 customers by the end of 2022, and it will be interesting to see how they can build from here with their new executive team. Among its momentary customers are, Echo Engineering, Association Headquarters, NovaTech, Entreposage Montreal Mini-Storage, Arc Home, Relayr, JL Clark, Freightwise, City of Somerville, Bedrock Quartz, and many others.
Datarails Market Opportunities, M&A and Geo Expansions
In 2022 The New York/Israeli firm has raised a Series B of $50 million, which it plans to use to continue adding more functionality to its existing product, including more predictive modeling capabilities; and to start to build new functionality for other spreadsheet-using teams beyond the finance department such as marketing, sales, and human resources. DataRails will continue to focus squarely on SMBs. Qumra Capital is leading the round, with new backers La Maison Partners and Claltech, and previous backers Zeev Ventures, Vertex Ventures Israel, Innovation Endeavors, Vintage Investment Partners, ORYZN, and Icon Venture, all participating. Gurfinkel, who co-founded the company with Eyal Cohen (the CPO), said DataRails would not be disclosing valuation, only noting that the number went up three-fold since its last round of $43.5 million, which closed in June 2021, and that it the bigger goal was to become a billion-dollar company.
Datarails Risks and Challenges
Relying too much on customers who are using Excel and running financial planning manually.
Datarails Ecosystem, Partners, Resellers and SI
Mostly direct sales.
Datarails Cloud Infrastructure Insights
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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).
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