(Three Way in Excel)

In a rapidly changing economic environment, businesses that have thoroughly planned for the year ahead have a significant advantage over their competitors. A diligently prepared Financial Budget will assist immensely in obtaining or renewing finance facilities as well as enabling management to devise strategies to maximise opportunities and minimise risks.

Working with a reliable and accurate financial model is also crucial to the budgeting exercise. Spreadsheet errors can have significant and widespread consequences on businesses and the confidence that external users, such as Banks may have. Such errors are avoidable through the development of financial models that are created by experts and fit for purpose.

Pitcher Partners has developed a Three Way Financial Model which allows us to prepare financial budgets for clients in a short time frame with built in powerful financial outputs and commercial analysis. Example screen shots are featured below.

The output from the financial model includes detailed financial statements including profit and loss, balance sheet statement, cash flow and funds statement. In addition there is a built in dashboard which gives a one page snapshot of key financial information including summarised profit and loss, financial ratios, key performance indicators and graphical analysis.

A significant factor in a bank’s risk weighting of a business will come down to their assessment of management’s capabilities. Providing such analysis demonstrates that you know your business, understand what drives it and where the major risks lie.