Business planning today
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.
Modeliks 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.
6 reasons why Modeliks vs traditional tools
Step-by-step guide for the business planning software
Modeliks 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.
Anyone can create a professional business plan with Modeliks, no business planning experience required.
Higher quality business plans, 10 times faster
A 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.
Modeliks 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.
Advanced, driver based financial plans
Advanced, 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.
Anyone 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.
Error free financial plans
Financial 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.
With Modeliks, you are certain that your financial plans are accurate.
Updating financial plans with ease
Creating 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.
With Modeliks, changing the structure of the financial model is just as easy as creating it in first place. No consultants needed.
Tracking actual results vs your plan
Tracking 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.
Your 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.
Final thoughts
Traditional 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 .
