Today 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.
We 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:
- Multi dimensional planning and reporting . This means that you can plan and track performance by organizational unit, whether that is business units, departments, geography, stores, projects. However your company is structured, you can have clear targets and track performance across your whole organization.
- Consolidation : if you plan on a business unit level, Modeliks will consolidate your financial plans upwords.
- Allocations : allocate costs from the head office down to the operating units. Why? Some costs are incurred in the head office, or regional offices, but should be allocated down to the operating units, in order to get a correct picture of profitability across the organization.
- Quickbooks integration . Connect Modeliks to your Quickbooks and have your planning and monthly reporting automated, error free and done in minutes.
- Account grouping . Group several accounts into one group account. For example, you can create a Utilities group account and make your Energy, heating, phone, internet, water accounts part of the utilities group. Why? Because when you plan, you don’t want to plan on every single small account that you have in your accounting system. It is too tedious and messy. So, group them logically, plan on groups, and make planning and reporting easy and useful.
- Initiative planning and evaluation . You have a new initiative in mind for your business? Create a business case and see how it will impact your business. If the numbers say it’s good, keep it. If not, drop it.
- Monthly forecasting . Now you can forecast up to 3 years on monthly basis.
- Lastly. Speed . Modeliks is now 10 times faster than before.
And 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.
Let’s recap. Now you can:
- Build driver based financial models for any business
- Do it by department, business unit, geography, stores, projects
- Run scenarios and evaluate new initiatives
- Track actual performance vs budget, on every level in your organization. Especially easy with the Quickbooks integration
- Automate monthly investor and management reporting
- And write professional and detailed business plans with the help of our AI assistant.
Enjoy Modeliks 2.0! We know we are!
Author:
Modeliks Team
