Runway provides a financial modeling platform that automates the integration of actuals from various business tools, enabling real-time updates to forecasts. The platform simplifies scenario planning and reporting with human-readable formulas, allowing teams to quickly analyze different outcomes and make informed decisions without the complexity of traditional spreadsheets.
Funding
$32.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Traditional financial modeling relies heavily on spreadsheets, which are prone to errors, difficult to scale, and require significant manual data entry from disparate business systems. This makes real-time forecasting and scenario planning challenging, hindering informed decision-making.
Solution
Runway offers a financial modeling platform that automates the integration of actuals from accounting, HRIS, and other business tools, providing real-time updates to forecasts. The platform uses human-readable formulas to simplify scenario planning and reporting, enabling teams to quickly analyze different outcomes and make informed decisions. By automating data integration and simplifying formula creation, Runway streamlines financial planning, reduces errors, and enhances collaboration across teams.
Target Audience
Runway is designed for finance teams, executives, and other stakeholders who need to model, plan, and align their business for growth.
Features
- Automated actuals: Integrates with accounting, HRIS, and data warehouse tools to automatically update forecasts.
- Human-readable formulas: Simplifies model creation and makes it easier to trace values.
- Scenario planning: Allows users to compare plans and outcomes to identify optimal strategies.
- Interactive reports: Creates live, up-to-date dashboards with charts, tables, and text.
- Ambient intelligence: Proactively provides explanations for drivers, highlights budget variances, and summarizes scenario differences.
- Integrations: Connects with a wide range of business tools to automate data input.