“The reason I started Modeliks is because it took me three weeks to create a proper financial model in Excel for every new client. With our predefined financial model template, you have that handed to you on a plate.” – Blagoja Hamamdjiev
The finer details of this episode:
- Discussion about business planning and financial reporting software for startups and small businesses
- Main features of Modeliks software, including financial planning, budgeting, and advisory services
- Importance of driver-based financial planning and its impact on business results
- Cost-effectiveness and pre-defined financial model templates by industry within the software
- Integration of financial tables and charts with pitch decks and business plans
- Efficiency and time-saving benefits of using the software for financial modeling and planning
- Dashboard functionality, including tracking financial progress and accessing various charts
- User experience and flexibility of the software, including multi-user collaboration and planned AI integration
- Levels of support provided by Modeliks, including customer support and live sessions with screen sharing
Episode resources:
Timestamps:
The introduction (00:00:00)
The hosts introduce the podcast and its mission, setting the stage for the upcoming episode.
Guest Introduction and Background (00:01:48)
The hosts introduce Blagoja Hamamdjiev, CEO and founder of Modeliks, and discuss his personal and professional background.
Global Nature of Modeliks (00:04:22)
Blagoja discusses the global footprint of Modeliks, including the location of their team and their incorporation in Ireland.
Using Modeliks for Financial Planning and Advisory Services (00:07:51)
Blagoja explains how Modeliks can be used for creating financial plans, pitch decks, and business plans, including its applications for advisory services.
Driver-Based Financial Planning (00:11:32)
Blagoja delves into the concept of driver-based financial planning and its importance in managing and improving businesses.
Integration of Financials with Pitch Deck and Business Plan (00:16:29)
Discussion on how Modeliks integrates financials with pitch decks and business plans, providing a unique and efficient solution for businesses.
Cost and Industry-Specific Financial Model Templates (00:19:31)
Blagoja highlights the cost-effectiveness of Modeliks compared to other software and the availability of industry-specific financial model templates within the software.
Creating Financial Models (00:20:26)
Blagoja explains the time-consuming process of creating financial models in Excel and the efficiency of using Modeliks templates.
Flexibility and Data Integration (00:22:31)
Discussion on the flexibility and data integration capabilities of Modeliks, including the current and planned data input methods and integrations.
Dashboard and Reporting Functionality (00:28:12)
Blagoja details the dashboard and reporting functionalities of Modeliks, including variance analysis, charts, ratios, and custom KPIs.
Future AI Integration (00:32:01)
The planned integration of AI features in Modeliks,
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