Blogs

Is having excellent Excel skills means you are great at financial modelling? There is certainly a strong correlation but FM is way more than just Excel formulas.

When you hear Monte Carlo simulation what do you think? A racing game, casino game or a financial decision. The answer is hopefully the last 2.

So what’s all the excitement about driver based planning. It’s simply a financial model with assumptions to drive decisions..no?

There is certainly a big difference between a spreadsheeter and a financial modeler. However, the problem is who draws that line and determines who is placed on either side of it.

Spreadsheet errors are also a problem on global proportions, but because there is no simple answers to the problem it is often ignored or broadly accepted as the norm.

There’s a saying when it comes to forecasting and budgeting, it is only as good as your financial model. A well-built financial model is as much of an art as it is a science.

If you want to learn more in 2019 and also understand how you can upskill in Financial Modeling, be sure to reach out to us or stay tuned.

Already many traditional businesses are failing for lack of progressing technology in this domain. If you want your business to survive for the next decade you should care.

If you think that your role isn’t going to be impacted, read the 13 future trends that will shape business and society, then perhaps you need to stay closer to reality.