Why reinvent the wheel when the wheel has been created for you?
Spreadsheets are great, I’ve used them for 30+ years, but sometimes it makes sense to utilise software and other tools that are available that make yours and your client’s life that much better.
I fully agree with the review by Capterra: “MYGIDE is the most powerful and business friendly financial modelling, budgeting, rolling forecast and strategic planning software on the market today. It combines the versatility and do it yourself quality of spreadsheets, with a powerful and error free calculation engine of expensive tailor-made systems, supporting real time work-group collaboration. Designed by corporate financiers to make life easier for financial professionals and investment managers, business analysts, controllers, and budget and strategic planners.”
From monthly general ledger extracts, one is able to consolidate a group of companies and roll them up to provide future valuation estimates for investors, utilising what-if functionality and scenario planning. Preparing the next year’s budget can be easily streamlined and forecasts updated collaboratively with ease.
The customer service and support has been outstanding, and I can’t thank Jaro Malach enough for his patience and explanations. Check out their website for further details: https://mygide.com