3:I[5613,[],""] 5:I[1778,[],""] 4:["slug","join-modeliks-at-accountex-london-2024","d"] 0:["XY0AhmpVESSCjvFYyBFxN",[[["",{"children":["resources",{"children":["news",{"children":[["slug","join-modeliks-at-accountex-london-2024","d"],{"children":["__PAGE__?{\"slug\":\"join-modeliks-at-accountex-london-2024\"}",{}]}]}]}]},"$undefined","$undefined",true],["",{"children":["resources",{"children":["news",{"children":[["slug","join-modeliks-at-accountex-london-2024","d"],{"children":["__PAGE__",{},["$L1","$L2",null]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","resources","children","news","children","$4","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/08739ca60af18997.css","precedence":"next","crossOrigin":""}]]}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","resources","children","news","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","resources","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},[null,["$","html",null,{"lang":"en","children":[["$","head",null,{"children":[["$","meta",null,{"name":"robots","content":"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"}],["$","link",null,{"rel":"icon","href":"/images/website-icon.svg"}]]}],["$","body",null,{"itemScope":true,"itemType":"https://schema.org/SoftwareApplication","className":"d1","children":[["$","meta",null,{"itemProp":"applicationCategory","content":"Business Planning Service"}],["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$L6","notFoundStyles":[],"styles":null}]]}]]}],null]],[[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/6acc6c38cef53446.css","precedence":"next","crossOrigin":""}]],"$L7"]]]] 6:E{"digest":"NEXT_REDIRECT;replace;/;307;"} 8:I[4699,["6081","static/chunks/6081-34deb2fa2ebb58a3.js?v1743419901459","3842","static/chunks/3842-961fa0681d87a853.js?v1743419901459","6142","static/chunks/6142-9d7428815dd01cbc.js?v1743419901459","2177","static/chunks/app/resources/news/%5Bslug%5D/page-0f2cd3f62a327c9a.js?v1743419901459"],""] 9:T4d6f,{"id":"cG9zdDoyMTY3","title":"Join Modeliks at Accountex London 2024","content":"\n

We are excited to announce that Modeliks’ leadership team, including our CEO, CPO, and COO, will be present at this year’s Accountex in London, UK from May 15th to 16th. Join us in embracing the future of accounting with innovative solutions that are not just enhancing but revolutionizing the industry.

\n\n\n\n

Modeliks introduces a powerful software platform that enables accountants to at least double their profits by offering value-added advisory services such as fractional CFO roles, financial planning, budgeting, and management reporting. Our advanced features streamline these services, reducing the time spent on management reporting by up to 90%, thereby allowing accountants to focus more on strategic advisory and less on time-consuming tasks.

\n\n\n\n

This year at booth 1404E, discover how integrating Modeliks into your practice can transform your service offerings and dramatically increase your revenue potential. Our demonstrations will provide insights into maximizing profitability through new, high-value advisory services that go beyond traditional accounting.

\n\n\n\n

Plan Your Visit

\n\n\n\n

Make the most of your experience at Accountex London 2024 by scheduling a personal meeting with our team. This is a perfect opportunity for a customized demonstration of how Modeliks can enhance your business and help you tap into new revenue streams effectively.

You’re invited to join us for a session titled “Financial Planning and Reporting Software” led by our Founder & CEO, Blagoja Hamamdjiev. It’s happening on Wednesday, May 15th, from 12:45 to 12:55 pm, at FinTech & Innovation Showcase Theatre (located between Seminar Theatres 6 and 7).

\n\n\n\n

Don’t let this chance slip by to revolutionize your accounting services and significantly increase your profit margins. Reach out to us today to arrange your appointment during the expo. We look forward to demonstrating the transformative capabilities of our software.

\n\n\n\n
\n\n
\n\n\n\n

Contact Us

\n\n\n\n

Are you ready to double your profit margins and reduce your workload? Contact us at contact@modeliks.com or visit our website to book your meeting slot. Let’s make your visit to Accountex London 2024 a pivotal moment for your business growth!

\n\n\n\n

We can’t wait to meet you and explore the profitable possibilities with Modeliks!

\n","slug":"join-modeliks-at-accountex-london-2024","date":"2024-04-22T11:45:26","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"}]},"mainCategory":{"mainCategory":["news"],"videoHeader":null},"tags":{"nodes":[]},"featuredImage":{"node":{"id":"cG9zdDoyMTcz","sourceUrl":"/images/cms/Join-Modeliks-at-Accountex-London-2024.jpg","altText":"Join Modeliks at Accountex London 2024 from May 15th to 16th"}},"seo":{"metaDesc":"Modeliks’ leadership team will be present at Accountex 2024 in London, UK. Join us in embracing the future of accounting. Learn more!"},"modified":"2024-04-23T11:08:41","related":[{"id":"cG9zdDoxOTAy","title":"Celebrational Discount for Startup of the Month Award","content":"\n

Modeliks has been awarded the Startup of the Month! To commemorate the Award, we offer a Celebrational discount for all subscription plans.

\n\n\n\n

This accolade is a testament to our unwavering commitment to excellence and innovation in the dynamic world of financial & business planning. For us, it recognizes the dedication to providing customers with financial tools and services that empower them to make informed financial decisions.

\n\n\n\n

As our way of expressing gratitude for your pivotal role in our journey and for making this recognition possible, during February 2024 we provide a celebrational discount with an amazing 50% OFF on ALL Subscription Plans!

\n\n\n\n

Whether you’ve been eyeing that must-have subscription or looking to explore our innovative range of plans, now is the perfect time to treat yourself or discover something new.

\n\n\n\n

The discount can be availed by subscribing to any plan through our website and entering the discount code: STARTUP2024 at checkout.

\n\n\n\n

Modeliks’s commitment to excellence and customer satisfaction remains unwavering as we continue to grow and evolve. We look forward to welcoming new subscribers to our platform and to furthering our mission of delivering exceptional business and financial planning solutions to SMEs and startups.

\n\n\n\n

Celebrate Success with 50% OFF on All Subscription Plans!

\n\n\n\n

This exclusive offer is valid during the month February only. Don’t miss out on the chance to be a part of our triumphant journey!

\n\n\n\n
\n\n\n\n

Subscribe Now

\n\n\n\n

Use discount code: STARTUP2024

\n\n\n\n
\n\n\n\n

Modeliks, Business Planning Software For Startups And SMEs.
Modeliks is a business planning software that helps startups & SMEs create pitch decks, business or financial plans & investor reports. Create your plan alone or in collaboration with your team and share it with investors and external stakeholders. Guided business planning software, where no prior experience is required.

\n\n\n\n

#modeliks #startupofthemonth #startup #startupmacedonia #financialplanning #entrepreneurship

\n","slug":"celebrational-discount-award-startup-ofthemonth","date":"2024-02-05T10:10:48","categories":{"nodes":[{"id":"dGVybTozNQ==","name":"News"}]},"mainCategory":{"mainCategory":["news"],"videoHeader":null},"tags":{"nodes":[]},"featuredImage":{"node":{"id":"cG9zdDoxOTAz","sourceUrl":"/images/cms/Facebook-Cover.jpg","altText":"celebrational Discount"}},"seo":{"metaDesc":"Being awarded Startup of the Month, we express gratitude for the recognition with a celebrational discount 50% OFF on all Subscription Plans.."},"modified":"2024-03-20T12:14:12","related":null},{"id":"cG9zdDoxODQy","title":"Media coverage: The Modeliks Story","content":"\n

Media from North America and Europe covered the Modeliks story during October 2023. Modeliks has emerged from a 16-month stealth development phase and has released its web tool Modeliks. The tool gives SMEs and startups access to a world-class no-code business and financial planning solution, to help customers in their planning and fundraising journeys.

\n\n\n\n

“The design philosophy for Modeliks was: Keep it as simple as possible, but not simpler. Our clients want to create a professional and fundable business plan. Not just a plan.”, says Modeliks’ CEO and Founder, Blagoja Hamamdjiev.

\n\n\n\n

100+ media from the USA and Canada have covered the story after the market launch of Modeliks. Selected coverage by the Digital Journal here: Modeliks Disrupts Business Planning for SMEs and Startups with revolutionary software.

\n\n\n\n

“Modeliks has secured a million-EUR funding from an array of sources, including investment professionals, Big-4 valuations and transaction partners and directors, successful former entrepreneurs, friends, and family. This funding enables Modeliks to expand its global presence by directly accessing business networks in the US, Europe, the Middle East, and Australasia, reaching out to customers in dire need of business plan software. Additionally, they will utilize the funding to further develop the SaaS solution.” 

\n\n\n\n

The Austrian-based online media Brutkasten: Startup news, innovation and digital economy wrote about Modeliks from the Founder’s perspective. Read the full article here

\n\n\n\n
\"media-brutkasten-modeliks\"
\n\n\n\n

“And this is only the beginning,” says Nik Huy, Munich-based Chief of Product. “Modeliks is the planning tool that I used to dream of, simple enough for every entrepreneur and startup founder to use.”

\n\n\n\n
\n\n\n\n

Modeliks is a business planning software for startups & SMEs. Helps create investor-ready pitch decks, bankable business plans, accurate financial plans & investor reports. You can create your plan alone or in collaboration with your team, and easily share it with investors and external stakeholders.

\n\n\n\n

Not sure which plan is right for you? Try it for free. Credit card not required for the 15-day free trial.

\n","slug":"modeliks-in-media","date":"2023-11-08T11:36:29","categories":{"nodes":[{"id":"dGVybTozNQ==","name":"News"}]},"mainCategory":{"mainCategory":["news"],"videoHeader":null},"tags":{"nodes":[]},"featuredImage":{"node":{"id":"cG9zdDoxOTI2","sourceUrl":"/images/cms/media-coverage-the-modeliks-story.jpg","altText":""}},"seo":{"metaDesc":"Media coverage after emerging from stealth mode. \"Modeliks Disrupts Business Planning for SMEs & Startups with revolutionary software\" ......"},"modified":"2024-03-20T12:23:31","related":null},{"id":"cG9zdDoxMDQxNQ==","title":"What is a Variance Report?","content":"\n

What is a Variance Report?

\n\n\n\n

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\n

Variances in a report can be classified into:

\n\n\n\n
    \n
  1. Favorable Variances: When actual performance exceeds expectations (e.g., higher revenue, lower costs).
  2. \n\n\n\n
  3. Unfavorable Variances: When actual performance falls short of expectations (e.g., higher costs, lower revenue).
  4. \n
\n\n\n\n

A variance report is a crucial tool for analyzing financial performance, improving budgeting accuracy, and making strategic decisions.

\n\n\n\n

Why is a Variance Report Important for Every Business?

\n\n\n\n

– Enhances Budget Control

\n\n\n\n

Variance reports allow businesses to track deviations from their budget, helping them stay on top of their financial plans and prevent overspending.

\n\n\n\n

– Supports Strategic Decision-Making

\n\n\n\n

By analyzing variances, businesses can make informed adjustments to their financial strategies, resource allocations, and operational processes.

\n\n\n\n

– Identifies Operational Inefficiencies

\n\n\n\n

Significant variances can signal inefficiencies in production, procurement, or sales, prompting businesses to investigate and optimize their operations.

\n\n\n\n

– Improves Financial Forecasting

\n\n\n\n

Historical variance reports help businesses refine their financial projections and make more accurate forecasts.

\n\n\n\n

– Strengthens Cost Management

\n\n\n\n

Businesses can identify cost overruns and take corrective action to control expenses and enhance profitability.

\n\n\n\n

– Boosts Performance Accountability

\n\n\n\n

By comparing actual results to expected outcomes, variance reports hold departments and individuals accountable for their financial and operational performance.

\n\n\n\n

– Aids in Risk Management

\n\n\n\n

Understanding financial and operational variances allows businesses to identify potential risks and implement preventive measures before they escalate.

\n\n\n\n

What Does a Variance Report Do for You?

\n\n\n\n

– Tracks Financial Performance

\n\n\n\n

A variance report provides a clear picture of a company’s financial health by comparing budgeted vs. actual results.

\n\n\n\n

– Helps in Cost Control

\n\n\n\n

It highlights unexpected expenses and cost overruns, allowing businesses to take corrective measures.

\n\n\n\n

– Identifies Revenue Trends

\n\n\n\n

By tracking sales variances, businesses can determine if revenue is growing as expected or if adjustments are needed.

\n\n\n\n

– Supports Business Planning

\n\n\n\n

Variance reports provide valuable data for future business planning and strategy adjustments.

\n\n\n\n

– Increases Accountability

\n\n\n\n

Departments and employees can be held accountable for meeting financial and operational targets.

\n\n\n\n

– Enhances Decision-Making

\n\n\n\n

Real-time variance analysis helps managers make quick, data-driven decisions to optimize performance.

\n\n\n\n

– Provides Insight into Market and Economic Conditions

\n\n\n\n

Unforeseen variances can indicate changes in market trends, economic conditions, or customer behavior, allowing businesses to adapt accordingly.

\n\n\n\n

How to do it in Modeliks?

\n\n\n\n

Plan

\n\n\n\n
    \n
  1. Build driver-based financial plans (the only right way to plan)
  2. \n\n\n\n
  3. Automated & error free financial statement (P&L, balance sheet, cashflow) plus KPIs
  4. \n\n\n\n
  5. By department, business unit, geography, stores, projects, etc.
  6. \n\n\n\n
  7. Run scenarios and evaluate new initiatives to mitigate risk
  8. \n\n\n\n
  9. Develop industry expertise with financial model templates by industry
  10. \n
\n\n\n\n

Manage your business

\n\n\n\n
    \n
  1. Set measurable targets (KPIs) across the organization
  2. \n\n\n\n
  3. Track actuals vs. plan & past periods on every important KPI
  4. \n\n\n\n
  5. Connect to your accounting software for effortless planning and reporting
  6. \n\n\n\n
  7. Drive alignment and accountability across the organization, by department, business unit, geography, stores, projects, etc.
  8. \n\n\n\n
  9. Monthly investor and management reports in minutes
  10. \n
\n\n\n\n

Fundraise

\n\n\n\n
    \n
  1. Write professional business plans. AI powered, SBA and investor ready format, done in an hour.
  2. \n\n\n\n
  3. Create pitch decks that build investor confidence
  4. \n
\n\n\n\n

Conclusion

\n\n\n\n

Variance 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\n

Make confident decisions with Modeliks. Plan, manage, fundraise and grow your business.

\n\n\n\n

Author:
Modeliks Team

\n","slug":"what-is-a-variance-report","date":"2025-03-12T14:44:54","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["reports-and-dashboards"],"videoHeader":null},"tags":{"nodes":[{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial reporting"},{"name":"market analysis"},{"name":"modeliks"},{"name":"small business"}]},"featuredImage":{"node":{"id":"cG9zdDoxMDQxNg==","sourceUrl":"/images/cms/getty-images-oZeh-EEj8mw-unsplash.jpg","altText":"Variance Report"}},"seo":{"metaDesc":"What is a Variance Report and why you need it? What should it include? How you can analize with Modeliks?"},"modified":"2025-03-12T14:44:58","related":null}]}2:["$","$L8",null,{"post":"$9"}] 7:[["$","meta","0",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","1",{"charSet":"utf-8"}],["$","title","2",{"children":"Modeliks | Join Modeliks at Accountex London 2024"}],["$","meta","3",{"name":"description","content":"Modeliks’ leadership team will be present at Accountex 2024 in London, UK. Join us in embracing the future of accounting. Learn more!"}],["$","link","4",{"rel":"canonical","href":"https://www.modeliks.com/resources/news/join-modeliks-at-accountex-london-2024"}],["$","meta","5",{"property":"og:title","content":"Modeliks | Join Modeliks at Accountex London 2024"}],["$","meta","6",{"property":"og:description","content":"Modeliks’ leadership team will be present at Accountex 2024 in London, UK. Join us in embracing the future of accounting. Learn more!"}],["$","meta","7",{"property":"og:url","content":"https://www.modeliks.com/resources/news/join-modeliks-at-accountex-london-2024"}],["$","meta","8",{"property":"og:site_name","content":"Modeliks"}],["$","meta","9",{"property":"og:locale","content":"en_US"}],["$","meta","10",{"property":"og:type","content":"article"}],["$","meta","11",{"name":"twitter:card","content":"summary"}],["$","meta","12",{"name":"twitter:title","content":"Modeliks | Join Modeliks at Accountex London 2024"}],["$","meta","13",{"name":"twitter:description","content":"Modeliks’ leadership team will be present at Accountex 2024 in London, UK. Join us in embracing the future of accounting. Learn more!"}],["$","link","14",{"rel":"icon","href":"/favicon.ico","type":"image/x-icon","sizes":"16x16"}]] 1:null