Putting together a successful financial model is all about cutting out perfectly avoidable problems. In Part One of this blog series, we looked at the danger of using incorrect references or applying inconsistent labelling when attempting to create an effective financial model for your business. Here, we’re looking at more common pitfalls for you to […]
The key to effortless financial modelling is to minimise the risk of errors so that your business can operate based on the correct information. Having reviewed numerous models over the years, we see the same issues cropping up time after time. To help you avoid these pitfalls and create an effective financial model, we’ve compiled […]
It seemed like an ordinary day. I was driving into the historical and picturesque town of Winchester to visit customers when the radio news announced that the Bank of England base rate had been increased to 12%. Panic set in as this meant my salary would be eaten by my mortgage payments, and I would […]
Financial modelling is essential for providing you with the information you need to get the big decisions right. It can help you develop a resilient organisation ready for tomorrow’s challenges and, when done right, it can minimise the risk of error. So how do you start building an effective financial model? While no two models […]
The days where accounting and finance professionals have manual and time-consuming processes should be a thing of the past. The majority of finance professionals today will have Microsoft Excel in their personal toolbox, but are they using it to the best of its abilities? Circular references are one of those things most people have heard […]
In our previous blog our Managing Director, Denver McCann discussed WHY Vena + Excel is a platform for success. In his piece we explore the challenges facing the 1bn+ community of Excel users, why it’s wrong to replace Excel with new technologies as a solution to tackling the perceived inadequacies of Excel. He goes on […]
Transforming any aspect of your business operations is impossible without robust financial models that give you the insights needed to make more confident decisions. But when it comes to gauging the impact of your proposed changes, should you build a traditional spreadsheet model or invest in new tech in the hope it makes your life […]
Forecasting your company’s financial position has always been important. It helps you monitor business performance, budget for purchases, identify credit needs and see the potential impact of change. Cash flow forecasting is a key part of that, as it helps you make more informed business decisions. And because of two significant recent developments, it’s never […]
We understand how important it is to quickly get to grips with new models. That’s why we’ve pulled together the best modelling tools we’ve built over the years into our free nXt Excel toolkit.
We understand how hard modelling can be. Our team see a lot of models, and we know that it’s essential to get the measure of them quickly.