Modano financial modeling software

What is Modano?

Modano, headquartered in Australia, is a software company that provides content management solutions for financial modelingWhat is Financial ModelingFinancial modeling is performed in Excel to forecast a company's financial performance. Overview of what is financial modeling, how & why to build a model. A 3 statement model links income statement, balance sheet, and cash flow statement. More advanced types of financial models are built for valuation, plannnig, and.  Modano has produced a platform that can be used to build financial models in a modular way, which can significantly enhance your Excel modeling capabilities.

What does the software allow you to do?

The Modano financial modeling software allows users to primarily do three things:

1. Standardization – by taking sections that have been pre-built and inserting them into the model
2. Review – by using tools to ensure formulas are working properly and the model is error-free
3. Automation – facilitates the re-use of parts of models and automates certain tasks

Modano product offering

Modano offers three main product lines for its customers.  These product lines include:

• Enterprise – their premium product for large corporations
• Community – a free product
• Implementation – a consulting-like service to help set up custom models

More on financial modeling

Financial modeling in Excel is really a means, not an end.  It’s a means to intimately understand how a business works, which the true “end”.

While Modano is designed to decrease the time and risks associated with building financial models, the software still requires that you have a sound understanding of key financial modeling concepts. So don’t think you won’t still need to learn how to build financial models from scratch! Still, programs such as the financial modeling software from Modano can make the task of creating financial models much easier. They can also help you create more informative models that present data more clearly.

Additional resources

The mission at CFI is to help you advance your career.  With the objective firmly in place, we have designed a vast library of free resources, guides, templates, and more to help you along the journey.

We highly recommend these additional free resources to help you advance your career as quickly as possible:

• Interactive career mapMapInteractive Career Map - discover your career path in corporate finance. Learn which job is right for you: salary, personality, skills, certifications etc.
• Finance interview questions and answersFinance Interview QuestionsFinance interview questions and answers. This list includes the most common and frequent interview questions and answers for finance jobs and careers. There are two main categories are behavioral and technical
• Types of financial modelsTypes of Financial ModelsThe most common types of financial models include: 3 statement model, DCF model, M&A model, LBO model, budget model. Discover the top 10 types of Excel models in this detailed guide, including images and examples of each. Financial modeling is performed for many reasons including to value a business, raise money
• Financial modeling best practicesFree Financial Modeling GuideThis financial modeling guide covers Excel tips and best practices on assumptions, drivers, forecasting, linking the three statements, DCF analysis, Excel modeling and much more. Designed to be the best free modeling guide for analysts by using examples and step by step instructions. Investment banking, FP&A, research