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Most companies still use traditional slide, word and spreadsheet tools like Microsoft Office or Google tools to create a business plan, pitch deck, financial plan and report to their investors, board of directors, management and other stakeholders. These tools are very flexible, mainly free and people are familiar with them, so it is not a surprise they are the first choice when it comes to business planning. Furthermore, there were no real SaaS business planning software alternatives that allow the user to create a high quality business and financial plan. There are several business planning software SaaS tools available in the market, but their functionality is too basic and the users quickly go back to the familiar tools.
\n\n\n\nModeliks is the first business planning software that allows anyone to create a high quality business and financial plan. It guides the user through the business planning process, with pitch, business plan and financial plan templates, while giving the flexibility of traditional tools to create a truly high quality business plan.
\n\n\n\nModeliks guides the user, step by step, through the business planning process. To create a high quality plan in word, and financial plan in a spreadsheet, you will need to be an expert in business and financial planning. You also need an expert in spreadsheets in order to build a high quality, driver-based, financial plan.
\n\n\n\nAnyone can create a professional business plan with Modeliks, no business planning experience required.
\n\n\n\nA professional business plan in word and financial plan in a spreadsheet takes anywhere between two weeks and 3 months to create, depending on quality and your expertise. You will need to design your business plan structure, design the content, build your financial plan structure, write hundreds of formulas, check that the formulas are correct, define the outputs of the financial model (i.e. financial statements and dashboards), and only then, you can start with inputting data about your specific business.
\n\n\n\nModeliks provides you with professionally designed pitch deck, business plan and financial model templates. You can start entering data about your business right away. So you cut out weeks of unnecessary preparation while you create higher quality plans.
\n\n\n\nAdvanced, driver-based financial plans are particularly complex to create in a spreadsheet, unless you are a financial planning expert and a spreadsheet guru. Even financial modelling experts would take weeks to create the a driver based financial model in a spreadsheet.
\n\n\n\nAnyone can be a financial modelling expert with Modeliks and create advanced, driver based financial model in hours. Modeliks gives you the financial modeling flexibility and capability of a spreadsheet to create a dynamic, logically linked and driver based financial model, but removes the possibility of error, makes it easy and 10 times faster.
\n\n\n\nFinancial plans in a spreadsheet require you to create hundreds of formulas. Chance are, you will make a mistake in a few formulas. Depending on the mistake, it could be irrelevant and no one will ever notice, or it could throw out completely incorrect results and ruin your business.
\n\n\n\nWith Modeliks, you are certain that your financial plans are accurate.
\n\n\n\nCreating a financial plan in a spreadsheet requires a financial planning expert, so many companies get financial consultants to build the plan for them. Financial consultants will do a good job, and build a complex financial model. So, if you want to tweak the model few months later, you need to call the consultant again. If you had to hire them to build it, chances are, you don’t have the time and capability to understand the model under the hood and change it yourself.
\n\n\n\nWith Modeliks, changing the structure of the financial model is just as easy as creating it in first place. No consultants needed.
\n\n\n\nTracking actual results vs your plan becomes an extremely manual, time consuming and error prone process if your plan is in a spreadsheet. Your actual results of your business are usually in an accounting software and you have to bring them into the spreadsheet and then do the analysis of your performance.
\n\n\n\nYour plan and your actual results can live in Modeliks. Understanding your actual performance vs your plan or vs previous periods becomes a one-click task. With over 100 automatically calculated charts and reports, you can spend your time on improving your business performance instead of manipulating spreadsheets and trying to understand how you did.
\n\n\n\nTraditional word, slide and spreadsheet tools for business planning are still the go to solution for most companies. They are flexible and familiar tools to most of us. However, there are better, specialized business planning solutions like Modeliks. Give it a try. Start a Modeliks free trial today, and create a better quality business plan, 10 times faster.
\n\n\n\nToday we released a massive new update of Modeliks. A multidimensional Modeliks 2.0. I am both happy and sad to see Modeliks grow up. I liked baby Modeliks. He was cute and a little clumsy. Now, we created a beast.
\n\n\n\nWe listened to your feedback and made Modeliks by far the best financial planning and reporting tool for SMEs. Alright, I might be a bit subjective, but here is what’s new:
\n\n\n\nAnd there is a lot more to come in the next few months. Stay tuned for new features, and in the mean-time, plan, manage and grow your business with Modeliks 2.0.
\n\n\n\nLet’s recap. Now you can:
\n\n\n\nEnjoy Modeliks 2.0! We know we are!
\n\n\n\nAuthor:
Modeliks Team
A variance report is a financial document that compares actual performance against planned or budgeted figures. It highlights differences (variances) between expected and actual results, helping businesses identify areas where they are overperforming or underperforming. These reports are commonly used in financial management, project management, and operational planning.
\n\n\n\nVariances in a report can be classified into:
\n\n\n\nA variance report is a crucial tool for analyzing financial performance, improving budgeting accuracy, and making strategic decisions.
\n\n\n\nVariance reports allow businesses to track deviations from their budget, helping them stay on top of their financial plans and prevent overspending.
\n\n\n\nBy analyzing variances, businesses can make informed adjustments to their financial strategies, resource allocations, and operational processes.
\n\n\n\nSignificant variances can signal inefficiencies in production, procurement, or sales, prompting businesses to investigate and optimize their operations.
\n\n\n\nHistorical variance reports help businesses refine their financial projections and make more accurate forecasts.
\n\n\n\nBusinesses can identify cost overruns and take corrective action to control expenses and enhance profitability.
\n\n\n\nBy comparing actual results to expected outcomes, variance reports hold departments and individuals accountable for their financial and operational performance.
\n\n\n\nUnderstanding financial and operational variances allows businesses to identify potential risks and implement preventive measures before they escalate.
\n\n\n\nA variance report provides a clear picture of a company’s financial health by comparing budgeted vs. actual results.
\n\n\n\nIt highlights unexpected expenses and cost overruns, allowing businesses to take corrective measures.
\n\n\n\nBy tracking sales variances, businesses can determine if revenue is growing as expected or if adjustments are needed.
\n\n\n\nVariance reports provide valuable data for future business planning and strategy adjustments.
\n\n\n\nDepartments and employees can be held accountable for meeting financial and operational targets.
\n\n\n\nReal-time variance analysis helps managers make quick, data-driven decisions to optimize performance.
\n\n\n\nUnforeseen variances can indicate changes in market trends, economic conditions, or customer behavior, allowing businesses to adapt accordingly.
\n\n\n\nVariance reports are essential tools for financial analysis, cost control, and strategic decision-making. By regularly monitoring variances, businesses can improve their financial accuracy, enhance operational efficiency, and ensure sustainable growth. Whether used for budgeting, forecasting, or performance evaluation, variance reports help businesses stay competitive and financially stable.
\n\n\n\nMake confident decisions with Modeliks. Plan, manage, fundraise and grow your business.
\n\n\n\nAuthor:
Modeliks Team
A Certified Management Accountant (CMA) is a professional designation awarded to individuals who have demonstrated expertise in financial management, strategic decision-making, and performance management. The CMA certification is issued by the Institute of Management Accountants (IMA) and is recognized globally as a mark of excellence in management accounting.
\n\n\n\nCMAs possess in-depth knowledge of financial planning, analysis, risk management, internal controls, and corporate finance. Unlike Certified Public Accountants (CPAs), who focus primarily on financial reporting and compliance, CMAs specialize in using financial data to guide business strategy and improve overall organizational performance.
\n\n\n\nTo earn the CMA designation, candidates must meet specific educational and experience requirements, pass a rigorous two-part exam covering financial planning and analysis, and adhere to ethical standards set by the IMA. CMAs play a crucial role in helping businesses optimize financial operations and achieve long-term success.
\n\n\n\nCMAs provide valuable financial insights that help businesses make informed strategic decisions, ensuring sustainable growth and profitability.
\n\n\n\nWith expertise in cost control and budgeting, CMAs help organizations optimize resource allocation, minimize waste, and improve operational efficiency.
\n\n\n\nCMAs play a critical role in identifying financial risks, implementing internal controls, and ensuring compliance with financial regulations, reducing the likelihood of fraud or financial mismanagement.
\n\n\n\nBy analyzing financial data and key performance indicators (KPIs), CMAs assist businesses in setting realistic goals, measuring progress, and improving overall performance.
\n\n\n\nBusinesses considering mergers, acquisitions, or major investments rely on CMAs to conduct financial analysis, assess risks, and ensure informed decision-making.
\n\n\n\nCMAs develop and maintain financial forecasts, ensuring businesses have a clear roadmap for future growth and financial stability.
\n\n\n\nCMAs ensure that businesses adhere to financial regulations, ethical standards, and corporate governance best practices, fostering transparency and accountability.
\n\n\n\nCMAs prepare financial forecasts, conduct variance analysis, and provide insights into business trends, helping organizations plan effectively for the future.
\n\n\n\nThey assess production costs, overhead expenses, and pricing strategies to maximize profitability while maintaining cost efficiency.
\n\n\n\nCMAs assist executives and business owners in making data-driven decisions, evaluating investment opportunities, and formulating growth strategies.
\n\n\n\nBy implementing robust risk management practices and internal controls, CMAs help businesses safeguard assets and prevent financial fraud.
\n\n\n\nThey develop budgets, financial models, and projections to ensure businesses have a clear financial direction and avoid unexpected cash flow issues.
\n\n\n\nCMAs track financial performance through KPIs and suggest improvements to enhance efficiency, productivity, and profitability.
\n\n\n\nThey ensure that businesses comply with accounting standards, tax laws, and ethical guidelines, reducing the risk of legal and financial penalties.
\n\n\n\nWith the increasing reliance on digital tools and analytics, CMAs leverage financial software and data analytics to enhance decision-making and streamline financial operations.
\n\n\n\nA Certified Management Accountant (CMA) is an essential asset for any business seeking financial stability, strategic growth, and operational efficiency. With expertise in financial planning, cost management, risk assessment, and strategic decision-making, CMAs help organizations optimize financial performance and achieve long-term success. Whether you’re a small business owner or part of a large corporation, having a CMA on your team can provide the financial leadership needed to navigate today’s dynamic business landscape.
\n\n\n\nMake confident decisions with Modeliks. Plan, manage, fundraise and grow your business.
\n\n\n\nAuthor:
Modeliks Team