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9:T6d54,{"id":"cG9zdDo0MDky","title":"What is the Cash Conversion Cycle (CCC)?","content":"\n<p>The Cash Conversion Cycle (CCC) is an important financial metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales. By evaluating the efficiency of inventory management, sales, and payment collection processes, the CCC provides insights into how well a business is managing its working capital. A shorter CCC means that a company is quicker at turning inventory into cash, which is critical for maintaining liquidity and operational stability.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Understanding the Cash Conversion Cycle (CCC)</strong></h2>\n\n\n\n<p>The Cash Conversion Cycle (CCC) is used to evaluate how efficiently a business is managing its cash flow. It encompasses three key components: Days Inventory Outstanding (DIO), Days Sales Outstanding (DSO), and Days Payables Outstanding (DPO). These metrics track the flow of cash from the purchase of inventory to the collection of revenue and payment to suppliers.</p>\n\n\n\n<p>The general formula for calculating the Cash Conversion Cycle is as follows:</p>\n\n\n\n<p><strong>CCC = DIO + DSO – DPO</strong></p>\n\n\n\n<p>Where:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>DIO (Days Inventory Outstanding)</strong> measures the average time it takes for inventory to be sold.</li>\n\n\n\n<li><strong>DSO (Days Sales Outstanding)</strong> measures the average number of days it takes to collect payment after a sale is made.</li>\n\n\n\n<li><strong>DPO (Days Payables Outstanding)</strong> measures the average time it takes for a business to pay its suppliers.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Breaking Down the CCC Formula</strong></h2>\n\n\n\n<p>To understand how the CCC works, it’s important to know how each component is calculated. Let’s break down the formulas:</p>\n\n\n\n<p><strong>Days Inventory Outstanding (DIO)</strong>: DIO represents how long a business holds onto its inventory before selling it. It’s calculated as:</p>\n\n\n\n<p><strong>DIO = (Average Inventory / Cost of Goods Sold) × 365</strong></p>\n\n\n\n<p>A lower DIO value indicates that a company is able to sell its inventory quickly, which helps reduce storage costs and improve cash flow.</p>\n\n\n\n<p><strong>Days Sales Outstanding (DSO)</strong>: DSO measures the time it takes for a company to collect payment from its customers. It’s calculated using the formula:</p>\n\n\n\n<p><strong>DSO = (Average Accounts Receivable / Total Credit Sales) × 365</strong></p>\n\n\n\n<p>A lower DSO value signifies efficient management of receivables, which means that the company is collecting payments faster.</p>\n\n\n\n<p><strong>Days Payables Outstanding (DPO)</strong>: DPO indicates how long a company takes to pay its suppliers. A higher DPO means that the company holds onto cash longer, which can be beneficial for liquidity. The formula is:</p>\n\n\n\n<p><strong>DPO = (Average Accounts Payable / Cost of Goods Sold) × 365</strong></p>\n\n\n\n<p>An optimal DPO value depends on maintaining good relationships with suppliers while leveraging cash effectively.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Why is the Cash Conversion Cycle Important?</strong></h2>\n\n\n\n<p>The cash conversion cycle is essential for assessing a company’s liquidity and operational efficiency. A shorter CCC implies a quicker conversion of inventory into cash, allowing the company to reinvest in operations or reduce reliance on external financing. Businesses that manage to shorten their CCC can reduce their need for working capital and improve overall cash flow management.</p>\n\n\n\n<p>In contrast, a longer CCC indicates inefficiencies in inventory management, delayed collections from customers, or unfavorable payment terms with suppliers. It’s crucial to monitor CCC over time to identify trends and make improvements where necessary.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to Calculate the Cash Conversion Cycle</strong></h2>\n\n\n\n<p>Let’s look at an example to better understand how to calculate the cash conversion cycle. Suppose a company has the following metrics:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Average Inventory: $100,000</li>\n\n\n\n<li>Cost of Goods Sold: $600,000</li>\n\n\n\n<li>Average Accounts Receivable: $80,000</li>\n\n\n\n<li>Total Credit Sales: $900,000</li>\n\n\n\n<li>Average Accounts Payable: $50,000</li>\n</ul>\n\n\n\n<p>We can calculate the CCC as follows:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Calculate Days Inventory Outstanding (DIO):</strong></li>\n</ul>\n\n\n\n<p>DIO = (Average Inventory / Cost of Goods Sold) × 365</p>\n\n\n\n<p>DIO = ($100,000 / $600,000) × 365 = 60.83 days</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Calculate Days Sales Outstanding (DSO):</strong></li>\n</ul>\n\n\n\n<p>DSO = (Average Accounts Receivable / Total Credit Sales) × 365</p>\n\n\n\n<p>DSO = ($80,000 / $900,000) × 365 = 32.44 days</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Calculate Days Payables Outstanding (DPO):</strong></li>\n</ul>\n\n\n\n<p>DPO = (Average Accounts Payable / Cost of Goods Sold) × 365</p>\n\n\n\n<p>DPO = ($50,000 / $600,000) × 365 = 30.42 days</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Calculate the Cash Conversion Cycle (CCC):</strong></li>\n</ul>\n\n\n\n<p>CCC = DIO + DSO – DPO</p>\n\n\n\n<p>CCC = 60.83 + 32.44 – 30.42 = 62.85 days</p>\n\n\n\n<p>In this example, it takes the company approximately 62.85 days to convert its investments in inventory and receivables into cash flow from sales. This CCC value helps assess the efficiency of the company’s cash flow operations.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strategies to Improve the Cash Conversion Cycle</strong></h2>\n\n\n\n<p>Reducing the cash conversion cycle can significantly enhance a company’s liquidity and operational efficiency. Here are some practical strategies to shorten your CCC:</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Optimize Inventory Management</strong>: Implementing inventory management strategies such as just-in-time (JIT) systems, improving demand forecasting, and minimizing obsolete stock can help reduce DIO. This means less capital is tied up in unsold goods, freeing up cash for other operational needs.</li>\n\n\n\n<li><strong>Improve Receivables Management</strong>: To lower DSO, consider tightening credit policies, implementing early payment incentives, and improving the efficiency of your collections process. Automating invoicing and using clear credit terms can also expedite the collection process.</li>\n\n\n\n<li><strong>Extend Payables Without Hurting Supplier Relations</strong>: Negotiating longer payment terms with suppliers can increase DPO and keep cash in the business for a longer period. However, be mindful of maintaining good relationships with key suppliers to avoid disruptions in your supply chain.</li>\n\n\n\n<li><strong>Leverage Financial Management Software</strong>: Using a financial management software or business planning tool to monitor and analyze the CCC can offer valuable insights. Automated tracking and analysis help identify inefficiencies and streamline processes.</li>\n</ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Negative Cash Conversion Cycle</strong></h2>\n\n\n\n<p>A negative cash conversion cycle occurs when a company’s DPO is greater than the sum of DIO and DSO. This means the company is receiving payments from customers before it has to pay its suppliers, creating a situation where the business essentially uses its suppliers’ funds to finance its operations. This can be highly advantageous as it allows the company to hold onto cash longer, but it is more common in industries like e-commerce where products can be sold and shipped rapidly without incurring high inventory costs.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Monitor and Optimize Your Cash Conversion Cycle</strong></h2>\n\n\n\n<p>The cash conversion cycle is a key performance indicator that provides insights into how well a business manages its cash flow, inventory, and receivables. By understanding and optimizing each component of the CCC, companies can improve their liquidity, reduce the need for external financing, and strengthen overall financial performance.</p>\n\n\n\n<p>Ready to optimize your cash conversion cycle? <a href=\"https://www.modeliks.com/features/\">Modeliks</a> can help you analyze your CCC and develop strategies to shorten it, leading to a healthier cash flow. Discover how <a href=\"https://www.modeliks.com/features/\">Modeliks</a> financial management solutions can enhance your company’s cash flow efficiency. <a href=\"https://app.modeliks.com/register/ACBD5AB2-6994-40EE-A43A-B4370C09EDA1?_gl=1*1txeq29*_gcl_au*MTQwMzQ3MzIxNS4xNzI0MDUyNDY1*_ga*ODIxMzA3NDc2LjE3MDY3ODQwNTg.*_ga_PW8DRDZG7M*MTcyNzY4MDU3Ny4xNi4xLjE3Mjc2ODA4MDIuMC4wLjA.\">Start your free trial!</a></p>\n","slug":"cash-conversion-cycle","date":"2024-09-30T13:30:51","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"}]},"mainCategory":{"mainCategory":["business-plans"],"videoHeader":null},"tags":{"nodes":[]},"featuredImage":{"node":{"id":"cG9zdDo0MTEw","sourceUrl":"/images/cms/ccc.jpg","altText":"A guide to understanding the Cash Conversion Cycle (CCC) and how it affects financial management, cash flow, and operational efficiency in businesses."}},"seo":{"metaDesc":"Learn what the Cash Conversion Cycle (CCC) is and how it impacts your business's liquidity. Discover strategies to optimize CCC for better cash flow."},"modified":"2024-09-30T13:30:53","related":[{"id":"cG9zdDoxMTU0MQ==","title":"How Accountants Can Offer High-Margin Advisory Services","content":"\n<h2 class=\"wp-block-heading\">Why Advisory Services Matter for Accounting Firms</h2>\n\n\n\n<p>The accounting profession is shifting. Compliance and bookkeeping remain essential, but today’s clients expect more. They want guidance on <strong>how to run their business smarter, manage cash flow, and plan for the future</strong>.</p>\n\n\n\n<p>According to a <strong>CPA.com survey</strong>:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Clients pay <strong>~50% more</strong> for advisory services compared to traditional compliance.</li>\n\n\n\n<li><strong>65% of clients</strong> need advisory support.</li>\n\n\n\n<li><strong>45% expect their accounting firm</strong> to provide it.</li>\n</ul>\n\n\n\n<p>This means the demand is already there. The opportunity for accounting firms is clear: <strong>move beyond bookkeeping into high-margin advisory services</strong>.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Challenge: Scaling Advisory Without Burning Out</h2>\n\n\n\n<p>For most small and mid-sized firms, the hesitation is simple:<br>❌ Limited staff time<br>❌ No standardized tools for forecasting &amp; reporting<br>❌ Concern about overcomplicating workflows</p>\n\n\n\n<p>The good news? Advisory can be delivered at scale, without adding headcount or creating inefficiencies — if you have the right system.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Solution: Modeliks for Advisory Services</h2>\n\n\n\n<p><strong>Modeliks</strong> helps accountants transform their existing relationships into advisory partnerships by automating the heavy lifting.</p>\n\n\n\n<p>Here’s how it works in practice:</p>\n\n\n\n<p>1️⃣ <strong>Connect QuickBooks in Minutes</strong><br>Sync client actuals directly — no messy spreadsheets or manual imports.</p>\n\n\n\n<p>2️⃣ <strong>Build Budgets &amp; Automated Financials</strong><br>Instantly generate a forward-looking <strong>P&amp;L, Balance Sheet, and Cash Flow statement</strong>, tailored to each client.</p>\n\n\n\n<p>3️⃣ <strong>Deliver Dashboards &amp; Variance Analysis</strong><br>Clients see Actual vs. Plan vs. Previous Periods. You provide insight into <em>why</em> numbers moved — without building reports from scratch each month.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Impact for Accounting Firms</h2>\n\n\n\n<p>Firms using Modeliks see:<br>✅ <strong>New revenue streams</strong> by offering planning &amp; reporting as premium packages<br>✅ <strong>Higher client retention</strong> thanks to consistent value beyond compliance<br>✅ <strong>No extra headcount required</strong>, since processes are automated<br>✅ <strong>Improved positioning</strong> as trusted advisors, not just bookkeepers</p>\n\n\n\n<p>As one accountant put it:</p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>“Our clients can now make confident decisions. For us it’s a game-changer — we finally sell insight, not just compliance.”</em></p>\n</blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Why Now Is the Time</h2>\n\n\n\n<p>Client expectations are rising. Competitors are moving into advisory. Technology makes it easier than ever to scale.</p>\n\n\n\n<p>If you’re an accountant or firm owner, now is the time to position your practice for the next decade. Advisory services are not just an add-on — they’re the future of accounting.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Next Steps</h2>\n\n\n\n<p>📽️ Watch the full video playbook here: <a href=\"https://www.youtube.com/watch?v=UlQEwnWOdKQ\">https://www.youtube.com/watch?v=UlQEwnWOdKQ</a>.<br>🌐 Explore how Modeliks can help you launch advisory services in under an hour -> <strong><a href=\"https://www.modeliks.com/solutions/accountants\">HERE</a></strong>.</p>\n\n\n\n<p>📩 Or <a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">reach out to</a><a href=\"https://www.modeliks.com/\"> </a><a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">us directly</a> to explore how Modeliks can be tailored for your firm.</p>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a>! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"high-margin-advisory-services-accountants","date":"2025-09-02T08:30:06","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=UlQEwnWOdKQ"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTU0Mg==","sourceUrl":"/images/cms/Screenshot-2025-09-02-at-10.27.59.png","altText":"How to offer Advisory Services at High Margin?"}},"seo":{"metaDesc":"Learn how accounting firms can add high-margin advisory services without extra headcount. Discover how Modeliks helps accountants deliver financial planning, reporting, and dashboards that clients will pay more for."},"modified":"2025-09-02T08:30:10","related":null},{"id":"cG9zdDoxMTQ4Mw==","title":"How to Manage & Grow Your Professional Services Business: A Strategic Playbook","content":"\n<p>Running a professional services business is demanding. Whether you’re a <strong>founder, consultant, accountant, or finance leader</strong>, the challenges are similar:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Managing multiple clients</li>\n\n\n\n<li>Tracking projects and timesheets</li>\n\n\n\n<li>Ensuring profitability while scaling</li>\n\n\n\n<li>Moving beyond basic bookkeeping into strategic financial insights</li>\n</ul>\n\n\n\n<p>The truth? Many services firms outgrow spreadsheets faster than they realize. A project-based business requires a planning and reporting framework that adapts as you grow &#8211; not one that breaks every time a new client, project, or team member comes onboard.</p>\n\n\n\n<p>That’s where having a structured <strong>financial planning and reporting system</strong> becomes a game-changer.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Who is This Playbook For?</h2>\n\n\n\n<p>This strategic framework is designed for:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Founders &amp; Owners of Service Firms</strong> — who need clarity on profitability and growth drivers.</li>\n\n\n\n<li><strong>Consultants</strong> — who want to optimize billable hours and scale without burning out.</li>\n\n\n\n<li><strong>Accountants &amp; Accounting Firm Owners</strong> — who want to expand beyond bookkeeping and offer high-value advisory services like forecasting, management reporting, and fractional CFO solutions.</li>\n\n\n\n<li><strong>Finance Leaders (CFOs, Finance Managers, Controllers)</strong> — who require accurate reporting, scenario planning, and board-ready insights without wasting hours in spreadsheets.</li>\n</ul>\n\n\n\n<p>If you run a <strong>project-based business, use timesheets, or manage multiple clients</strong>, this playbook is for you.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">How to Grow Profitability in Professional Services</h2>\n\n\n\n<p>Professional services firms often face profitability challenges because margins are tied to <strong>capacity, efficiency, and client mix</strong>. Here’s where the right planning approach makes a difference:</p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Plan by Project (Not Just Company-Level)</h3>\n\n\n\n<p>Each project has its own revenue, costs, and resources. Without project-level visibility, it’s impossible to know which work is actually profitable.</p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Track Actuals vs. Plan</h3>\n\n\n\n<p>It’s not enough to create a yearly budget. Monthly actuals vs. plan reporting helps you quickly see where projects are off track and adjust before problems snowball.</p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Build Scenarios</h3>\n\n\n\n<p>What happens if a big client leaves? Or if you add two more consultants next quarter? Scenario planning gives you the confidence to make tough decisions with numbers to back them up.</p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Monitor Utilization &amp; Capacity</h3>\n\n\n\n<p>Employee utilization is the heartbeat of a services firm. By linking financial forecasts to <strong>billable hours, staffing, and client demand</strong>, you can identify bottlenecks and prevent costly underutilization.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">How Modeliks Helps</h2>\n\n\n\n<p>At Modeliks, we’ve built a platform that turns these best practices into a structured, repeatable process.</p>\n\n\n\n<p>With <strong>Modeliks</strong>, you can:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Plan by Project, Department, or Client</strong><br>Build forecasts by any dimension of your business — project, geography, store, or team.</li>\n\n\n\n<li><strong>Automate Actual vs. Plan Reporting</strong><br>Sync with QuickBooks or upload trial balances from Excel. No more rebuilding reports every month.</li>\n\n\n\n<li><strong>Get Dashboards &amp; KPIs That Matter</strong><br>Variance analysis, profitability by client/project, utilization, and other insights are ready in minutes.</li>\n\n\n\n<li><strong>Run What-If Scenarios</strong><br>Test different client acquisition strategies, pricing models, or staffing plans.</li>\n\n\n\n<li><strong>Scale Without Adding Headcount</strong><br>Accountants and consultants can serve more clients in less time, while founders and finance leaders gain clarity without extra hires.</li>\n</ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Why This Matters Now</h2>\n\n\n\n<p>Most firms wait until they have 100+ employees to rethink planning. But the truth is, <strong>dimensional planning and reporting matters at 20 employees, as much as at 200.</strong></p>\n\n\n\n<p>The earlier you set up a scalable framework, the faster you can:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increase profitability per client</li>\n\n\n\n<li>Retain clients longer by delivering insight, not just compliance</li>\n\n\n\n<li>Attract investors, lenders, or partners with investor-ready plans</li>\n\n\n\n<li>Free up time to focus on strategic growth instead of fixing spreadsheets</li>\n</ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Key Takeaway</h2>\n\n\n\n<p>Growing a professional services business isn’t just about winning more clients — it’s about <strong>building a system that lets you manage projects, measure performance, and grow profitably.</strong></p>\n\n\n\n<p>That’s what this playbook is about — and why we built <strong>Modeliks</strong>.</p>\n\n\n\n<p>👉 If you want to see how Modeliks can help you manage and grow your services firm, <a href=\"https://www.youtube.com/watch?v=E87pBDPZzPc&amp;utm_source=chatgpt.com\">watch the full video walkthrough here</a>.</p>\n\n\n\n<p>📩 Or <a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">reach out to us directly</a> to explore how Modeliks can be tailored for your firm.</p>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a>! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"financial-planning-for-professional-services","date":"2025-09-01T11:47:08","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=E87pBDPZzPc"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTQ4NA==","sourceUrl":"/images/cms/Screenshot-2025-09-01-at-13.39.02.png","altText":"Financial planning for professional services"}},"seo":{"metaDesc":"Discover how to manage and grow your professional services firm with project-based financial planning, reporting, and forecasting strategies."},"modified":"2025-09-01T11:47:11","related":null},{"id":"cG9zdDoxMDQyMA==","title":"Modeliks 2.0 is Live!","content":"\n<p>Today we released a massive new update of Modeliks.  A multidimensional Modeliks 2.0. I am both happy and sad to see Modeliks grow up. I liked baby Modeliks. He was cute and a little clumsy. Now, we created a beast.  </p>\n\n\n\n<p>We listened to your feedback and made Modeliks by far the best financial planning and reporting tool for SMEs. Alright, I might be a bit subjective, but here is what’s new:</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Multi dimensional planning and reporting</strong>. This means that you can plan and track performance by organizational unit, whether that is business units, departments, geography, stores, projects. However your company is structured, you can have clear targets and track performance across your whole organization.</li>\n\n\n\n<li><strong>Consolidation</strong>: if you plan on a business unit level, Modeliks will consolidate your financial plans upwords.</li>\n\n\n\n<li><strong>Allocations</strong>: allocate costs from the head office down to the operating units. Why? Some costs are incurred in the head office, or regional offices, but should be allocated down to the operating units, in order to get a correct picture of profitability across the organization.</li>\n\n\n\n<li><strong>Quickbooks integration</strong>. Connect Modeliks to your Quickbooks and have your planning and monthly reporting automated, error free and done in minutes.</li>\n\n\n\n<li><strong>Account grouping</strong>. Group several accounts into one group account. For example, you can create a Utilities group account and make your Energy, heating, phone, internet, water accounts part of the utilities group. Why? Because when you plan, you don’t want to plan on every single small account that you have in your accounting system. It is too tedious and messy. So, group them logically, plan on groups, and make planning and reporting easy and useful.</li>\n\n\n\n<li><strong>Initiative planning and evaluation</strong>. You have a new initiative in mind for your business? Create a business case and see how it will impact your business. If the numbers say it’s good, keep it. If not, drop it.  </li>\n\n\n\n<li><strong>Monthly forecasting</strong>. Now you can forecast up to 3 years on monthly basis.</li>\n\n\n\n<li>Lastly. <strong>Speed</strong>. Modeliks is now 10 times faster than before.   </li>\n</ol>\n\n\n\n<p>And there is a lot more to come in the next few months. Stay tuned for new features, and in the mean-time, plan, manage and grow your business with Modeliks 2.0.</p>\n\n\n\n<p>Let’s recap. Now you can:</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Build driver based financial models for any business</li>\n\n\n\n<li>Do it by department, business unit, geography, stores, projects</li>\n\n\n\n<li>Run scenarios and evaluate new initiatives</li>\n\n\n\n<li>Track actual performance vs budget, on every level in your organization. Especially easy with the Quickbooks integration</li>\n\n\n\n<li>Automate monthly investor and management reporting</li>\n\n\n\n<li>And write professional and detailed business plans with the help of our AI assistant.</li>\n</ol>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a> 2.0! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"modeliks-2-0-a-live","date":"2025-04-01T08:59:31","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=-61deO4BkFg"},"tags":{"nodes":[{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial reporting"},{"name":"market analysis"},{"name":"modeliks"},{"name":"quickbooks"}]},"featuredImage":{"node":{"id":"cG9zdDoxMDQyMg==","sourceUrl":"/images/cms/Modeliks-2.0-Post-image.png","altText":"Modeliks 2.0."}},"seo":{"metaDesc":"A massive new update of Modeliks is here. A multidimensional, Quickbooks integrated, faster than ever Modeliks 2.0. GROW your business, NOW!"},"modified":"2025-04-01T09:20:31","related":null}]}2:["$","$L8",null,{"post":"$9"}]
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