Datarails Launches Next generation AI for FP&A Able to Reveal Hidden Business Insights 

Datarails has launched the next generation of AI able to proactively surface previously hidden business opportunities.

“Insights” by Datarails’s AI suite for the CFO’s Office, represents the next generation of proactive FP&A analysis.

In a “one and done” configuration, businesses are easily able to input multiple KPIs driving their business. 

From this configuration, the AI engine automatically provides instant analysis such as trend identification, variance analysis, predictions, budget vs actual (BvA), and forecast vs actual (FvA). The AI is instantly able to surface the “what”, “why”, and “what next” creating proactive recommendations unlocking business growth and identifying risks before they become a problem.

In this way, DataRails AI now offers the opportunity for businesses of all sizes to instantly get a “Virtual FP&A Team” available 24/7, equipping every CFO and executive with world-class financial analysis. The reports are generated instantly and are available in any favored format, including PDFs. 

These reports, which can be in any form including monthly, quarterly, or ad hoc reporting, instantly surfaces AI-generated graphs and insights –such as variances, and the reasons they occurred.

Removing days of analysis, this next generation AI feature means finance teams and their business partner executives can peer around corners with a high degree of accuracy. The use of AI to deliver immediate impactful business decisions maximizes the time spent delivering insights moving the needle in a business’s performance delivering cost savings, revenue increase, and discovering previously unknown opportunities for growth.  

Up until now, traditional AI functionality, including by Datararails, has been largely reactive –requiring executives to know the right questions to ask to get the right answers from a company’s data.

Today’s update uses the power of predictive analysis to proactively surface issues–for instance  in a company’s divisions, departments and operating countries–before they become a problem.

Underpinning the accuracy of the detailed instant AI-generated reports is Datarails’ FinanceOS technology consolidating previously disparate data sources across a company including ERPs, CRMs, HRMS, bank information, market indices, and Excel files. FinanceOS standardizes all data from a company’s financial, operational, and payroll systems, ensuring every AI-generated report uses the most accurate up to date data based on a single source of truth.

The new proactive AI insights empowers the CFO’s Office, and wider executives to make informed decisions about where to allocate resources and benefits and unlock growth, for instance:

• Analyzing and cutting metrics in any format for instance daily tracking of sales, expenses, delivered in any report type that executives want, including by division, department and geographies the company operates in
• Identifying and averting risks in real-time 
• Reducing employee and customer churn through upfront analysis
• Improving forecasting frequency providing up-to-date predictions

Didi Gurfinkel CEO and Co-Founder, Datarails says: “The ability to proactively discover insights that can move the needle in a business in real-time is no longer the preserve of the biggest companies. The transformational power of AI now makes this a reality even for smaller companies, including those who do not even yet have an FP&A department. Now, any business can get world class unparalleled analysis ahead of time, unlocking millions of dollars of new revenue opportunities.”