New Ambient Intelligence capabilities
proactively support finance leaders through all key
workflows
SAN
FRANCISCO, July 9, 2024 /PRNewswire/
-- Today, Runway announced the general availability
of its financial planning and collaboration platform. Runway is a
modern, user-friendly interface for financial modeling, headcount
planning, departmental budgeting, and more.
Breaking beyond the traditional chat and copilot paradigms that
define AI products today, Runway is also introducing Ambient
Intelligence — a new suite of intelligence capabilities that are
deeply embedded in the product, and connected to the entire
business. Ambient Intelligence proactively shares insights and
automates workflows, without waiting to be prompted.
"The world is changing faster than ever. There's pressure
on CFOs to create more value than ever before, and be more
strategic and collaborative," said Siqi
Chen, CEO, Runway. "Finance leaders are not only expected to
understand the whole business; they're also bogged down by the
administrative work of backward-looking reporting and controls.
With Ambient Intelligence, they can save time and focus completely
on driving strategic impact."
Chen continued, "But the big-picture problem isn't just about
saving time. Saving time isn't enough for real strategic impact.
What teams need is a clear, intuitive understanding of how all the
functions of a business work together, from sales and marketing to
product and engineering. Clear context creates alignment, enables
true collaboration, and accelerates execution. We built Ambient
Intelligence into Runway to make finance easier to understand,
enabling everyone in the organization to move forward together with
clarity and speed."
Seamlessly connecting with over 650 business tools, including
the most common accounting, HRIS, CRM, and data warehouses,
Runway automatically keeps your forecasts up to date with new
actuals. Runway simplifies complex financial processes and ensures
data security with features like drag-and-drop scenario planning
and robust access management.
By building Ambient Intelligence on top of the financial
platform's workflows, Runway helps users understand the context
better and analyze auto-generated insights—proactively, and without
being intrusive. For example, Runway's Ambient Intelligence
explains financial terms, and alerts users when actuals
deviate from the forecast.
Runway's Ambient Intelligence features include:
- Driver Explanations: Runway generates clear, concise
explanations for all your financial drivers. Hover over terms like
"Gross Margin" or "Burn" to see easy-to-understand descriptions
based on your model, so everyone in your company can quickly
understand your business model and all your data.
- BvA Variance: Runway automatically analyzes your Budgets
vs. Actuals and highlights variances without the need for manual
intervention. Maintain a clear and accurate financial overview
while saving valuable time and reducing the risk of human
error.
- Scenario Comparisons: Runway summarizes differences
between different scenarios, to show the impact of future plans on
your metrics and help you make more confident choices.
The announcement comes on the heels of significant momentum for
Runway. In the last 12 months, the company has experienced 20x
revenue growth. New customers include Superhuman, AngelList, 818
Tequila, and ConvertKit (soon to be Kit).
Superhuman is an example of a high-growth company that is using
Runway to drive complete alignment through their organization.
"With Runway, we saw our efficiency skyrocket with a 50X to 100X
improvement, turning hours-long tasks into seconds," said
Andrew Maher, Head of Finance,
Superhuman. "Complex financial models were distilled into clear,
actionable insights, making it easier to respond quickly to key
executives. Runway was like adding a touch of magic to our
financial strategy, turning data into actionable
intelligence—imagine having a co-pilot in finance that brings
critical insights alongside number crunching."
About Runway
Runway is a next-generation financial
planning platform, offering organizations modern tools for
financial modeling and budgeting. Infused with Ambient Intelligence
capabilities, Runway proactively offers insights and autonomous
workflows to finance leaders with rich context understanding.
High-growth companies, including Superhuman, AngelList, and 818
Tequila trust Runway to manage their financial operations and drive
strategic decision-making with confidence. For more information,
please visit https://runway.com/
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SOURCE Runway