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Runway Financial

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38 reviews
  • 1 profiles
  • 6 categories
Average star rating
4.8
Serving customers since
2020
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Runway Financial

38 reviews

Runway Financial is a next-generation financial planning platform designed to simplify and enhance financial modeling, budgeting, and reporting for businesses. By integrating with over 650 business tools—including accounting, HRIS, CRM, and data warehouses—Runway ensures that financial data remains current and accurate. Its user-friendly interface, combined with Ambient Intelligence capabilities, provides proactive insights and automates workflows, enabling finance teams to focus on strategic decision-making. Trusted by high-growth companies like Superhuman, AngelList, and 818 Tequila, Runway empowers organizations to manage their financial operations with confidence and clarity. Key Features and Functionality: - Ambient Intelligence: Offers AI-driven insights, explains financial terms in plain language, and highlights variances, facilitating a deeper understanding of financial data. - Extensive Integrations: Seamlessly connects with over 650 business tools, ensuring real-time data synchronization and accuracy. - Scenario Comparisons: Allows users to model and compare various financial strategies, aiding in informed decision-making. - User-Friendly Interface: Features intuitive, human-readable formulas and customizable dashboards, making financial modeling accessible to all team members. - Automated Actuals: Automatically updates forecasts with new actuals by connecting with accounting, HRIS, and data warehouse tools. Primary Value and Solutions Provided: Runway Financial addresses the complexities and inefficiencies often associated with traditional financial planning tools. By automating routine tasks and providing real-time insights, it reduces manual errors and saves valuable time. The platform's intuitive design and AI-driven features make financial data more accessible and understandable, fostering collaboration across departments. Ultimately, Runway empowers businesses to make confident, data-driven decisions that drive growth and operational efficiency.

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Runway Financial Reviews

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Verified User in Computer Software
AC
Verified User in Computer Software
08/09/2024
Validated Reviewer
Review source: Organic

an accessible and transparent financial planning tool

After evaluating others in the space, I chose to partner with Runway for their vision of an accessible and transparent financial planning tool. They have lived up to the promise: we were able to connect our stack and start modeling quickly. Once connected, the data is always fresh. It allows us to focus on modeling quality and creating scenarios rather than updating numbers. To top it off, their team is responsive and cares deeply. What else could one ask for?
Traci H.
TH
Traci H.
07/22/2024
Validated Reviewer
Verified Current User
Review source: Organic

Makes my life so much easier

I've had a great experience using Runway - the live integrations have made my life so much easier and the account team has been incredibly helpful and quick to respond. Implementation was easy and we had our operating model set up in Runway in a few weeks. I've actually been able to build and run multiple financial scenarios using Runway without a dedicated FP&A team, and have even been able to hold off on hiring a contractor with this tool. Updating a finanical model after month end close doesn't suck anymore.
Verified User in Computer Software
UC
Verified User in Computer Software
06/03/2024
Validated Reviewer
Verified Current User
Review source: Organic

Runway got rid of 12 GTM spreadsheets

Unlimited flexibility means we use it for all our GTM modelling, including the bottom-up demand gen model, sales capacity planning, budgeting, and forecasting. Before Runway, this was managed across four spreadsheets (each duplicated three times for the base, aggressive, and live scenarios). Now, it's all in one version-controlled system. At monthly close, we get up-to-date marketing, sales, and finance data in one place to review and use for decision-making. We can quickly compare plan vs. actual and share this information with the rest of the business to help them make good decisions. The new system has not only significantly reduced the time we spend on board pack prep, but it has also enhanced our ability to make better operational decisions. It provides us with a comprehensive understanding of the impact of our actions. For instance, we were able to assess the impact of 4 key decisions we made over the last few months by creating scenarios for each and comparing the results with our base scenario. This allowed us to prioritize the most impactful changes and anticipate potential future risks and benefits to our plan.

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HQ Location:
San Francisco, CA

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@runwayco

What is Runway Financial?

Runway Financial is a financial management platform designed to help businesses, particularly startups, manage their runway, cash flow, and financial forecasting. The platform offers tools for tracking income, expenses, and funding, enabling companies to make data-driven decisions about their financial health. Runway Financial helps businesses plan for the future by providing insights into burn rates, cash runway, and key financial metrics, ensuring they stay on top of their finances and can plan for sustainable growth.

Details

Year Founded
2020
Website
runway.com