Financial ModellingBest Practice
A well built financial model is easy to identify, however a poorly planned model is also easy to spot. Some common symptoms of a poor model are:
- Is not trusted by users or management
- Sort of works, but is mystery as to why or how
- No longer reflects the business reality
- Relies on tightly held detailed knowledge to 'turn the handle'
- Is undocumented and lacks instructions
- Does not have clear sections for inputs, calculations and results
We can build you a new
financial model
that:
- Is trusted by all the users, both internally and externally
- Is fit for purpose
- Is built using the latest best practice from the beginning
- has clear audit trails from inputs through calculations to results
- has a defined and understandable structure
- Is fully documented
- Is usable, yet sophisticated
- Is flexible and dynamic
Best Practice:
City Financial Models is a supporter of the recently published ICAEW (Institute of Chartered Accountants in England and Wales) financial modelling code. It is closely aligned to the 20 principles for good spreadsheet practice and both provide an excellent guide to best practice financial modelling and Excel use.
Data Security
- Data security is our top priority.
- Signed NDA prior to contract.
- Our data is secured using AES 256-bit, (which is one of the strongest encryption protocols available) and two-factor authentication.
- Alternatively, we can be setup as a user on your system allowing you control of our access.
- All data is permanently deleted once the project is complete.
