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Why Use Modernsoft, Inc.’s Financial Genome?
Picture the following everyday business situations:
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A CPA/Financial Advisor is working with a small or mid-size client company to develop a planning model. The objectives agreed on are ease of use and better overall understanding, so client managers can be more comfortable with the cash flow implications of their decisions. The CPA uses
Financial Genome Pro to quickly create and customize a planning model for
the company and convert it to Excel, using his expertise and the editing
capabilities of the software. The client is given the Excel workbook
to operate the model and to change inputs and assumptions, gaining a solid understanding of the implications of various scenarios for investments, operations and financing.
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The CFO of a small company is about to meet with her banker. She needs an integrated set of pro-forma statements for the next two years to review her funding needs, but has only the actual results for the past three years. Quickly inserting the company's historical data from an Excel spreadsheet, she uses Financial Genome's intuitive forecasting capability to create a full set of pro formas in minutes, to determine funding needs for any period, and test any number of assumptions. She knows that the results are internally consistent and correct.
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A security analyst wishes to develop performance scenarios for a large company which he is following. With Financial Genome's data base link to his Compustat service he can quickly access historical data for any number of periods and instantly develop the full range of
performance ratios and valuation criteria. In the forecasting mode he can project and assess potential performance in summarized form, based on his own key assumptions for a variety of scenarios.
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A venture capitalist is reviewing a business plan with a set of key financial data and projections. She prefers using a more standard format for assessing the company's performance and prospects. Using Financial Genome's data base template she quickly maps the information to its internal dictionary and can now create financial statements, economic and valuation views, and develop fully integrated financial projections under different assumptions.
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A financial analyst in a major corporation has been tasked with quickly developing a high-level overview plan for one of the company's businesses, as well as with creating several ad hoc analyses of its key financial relationships. Instead of starting to create a conventional spreadsheet, he quickly accesses the division's historical database through GenomeLink and proceeds to build an internally consistent financial plan and the required ad hoc relationships in minutes. Financial Genome's financial dictionary had been customized earlier to reflect his corporation's special financial terminology and analytical ratios, avoiding any need to adjust his analysis. He then shares his work with the division controller as well as with another colleague, certain that all aspects of his work are free of the spreadsheet errors that so often had proven costly for the company.
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A bank lending officer regularly receives financial statement inputs from a number of his mid-size and smaller customers in variety of formats, detail, and terminology. He finds that by encouraging these customers to use Financial Genome for their broad planning needs that the format and quality of the data submitted to him improves materially. This represents a productivity saving on the bank's part when processing these data for input to the bank's loan analysis program, as well as a solid improvement in the way his customers approach, understand, and justify their own financial needs. The client relationship has become more productive and mutually beneficial.
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A student of business is practicing financial analysis with Financial Genome, on the basis of a sample database provided by the instructor. As she is creating financial statements, ratios, and doing "what if" analyses, she is clicking on the instant definition of terms and displays of relationships to help her understand the various financial principles involved. She quickly gains a better perspective as she explores the meaning of terms and formulas with the integrated help system. She has also utilized the Interactive Template available with the software to help her visualize the impact of decisions on a company's financial system as described in the first chapter of Techniques of Financial Analysis-A Guide to Value Creation, 11th
edition.
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