What problems is Runway Financial solving and how is that benefiting you?
We're a small non-profit school with a custom-built billing system, and a high level of automation with our CRM and HR. For years, one of our big hardships was financial modeling and projections.
We run our business with tight financial margins, so it's extremely important to be able to predict future cash flow, so we can make appropriate staffing and purchasing decisions.
Initially, this was a manual process for us, taking up dozens of administrative hours every month. We eventually built our own in-house projection and modelling system, but it was comparatively primitive, still required a lot of upkeep, and didn't let us examine different scenarios or easily change variables to compare future outcomes.
Runway was poweful enough to accomodate all of our separate data sources, and migrating our in-house system to Runway was a painless process.
After migrating, we were blown away by how easy Runway was to use, while still being incredibly versitale and powerful. It's allowed us to build a projection system that, month after month, has predicted our monthly burn with an extreme degree of accuracy. Often the projection is off by less than 1%.
Runway has let us accurately model our future finances, and confidently make important business decisions backed by reliable data. This has been invaluable for our business. Review collected by and hosted on G2.com.