While Excel or other spreadsheet software might be easy to use, you'd need to understand what numbers to put in. With Canaree we have ready to go templates, analyse your numbers and give advice on how to improve your projections. Also, no more broken excel formulas!
What is a financial model?
Financial modelling is the task of building an abstract representation of a real world financial situation.
You could also call it an advanced budget and forecast for what you expect your business will look like in the future. It's more an art than a science, but certain things are important to know.
The financial model will help support whether the strategy and goals you set for the business are achievable.We've made all that much easier and faster.
Why do I need a subscription? I thought a model is a one-off thing
A model should be a live tool that is updated constantly as you change assumptions.
We also see many customers use this for updating before presentations and for that you’d want to make sure you have the latest changes reflected in your model.
Some will also want to use a model to show historic data and thus need to update every week or month depending on their reporting.
Do you help in building a financial model for a startup?
We do help with a quick onboarding call of the product - you should have received an email with a link to book that when you sign up.
We also offer a call with a financial advisor to sanity check your model or any other finance related questions - this is a premium feature and can be booked in-product.We are looking into a new tier where we offer more assistance, it's not live yet, but we can discuss if this might suit you.