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9:T6989,{"id":"cG9zdDoyMzc0","title":"TAM SAM SOM Meaning & Its Importance","content":"\n<p>Understanding the potential market for your product or service is crucial for any startup. Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) are three key metrics that help startups gauge market size and growth potential effectively. This article will break down each term and clarify their definitions, applications, and how to calculate them.</p>\n\n\n\n<h2 class=\"wp-block-heading\">TAM, SAM, and SOM Meaning</h2>\n\n\n\n<p>TAM, SAM, and SOM are vital metrics for evaluating a business&#8217;s potential market size. These metrics provide different insights into the market potential, helping businesses and investors understand the scope and feasibility of a venture.</p>\n\n\n\n<h2 class=\"wp-block-heading\">What is TAM?</h2>\n\n\n\n<p>TAM (Total Addressable Market) represents the total market demand for a product or service. It is the maximum revenue a business could generate if it achieves 100% market share. TAM is crucial for understanding a market&#8217;s full potential and helps set broad strategic goals.</p>\n\n\n\n<h2 class=\"wp-block-heading\">What is SAM?</h2>\n\n\n\n<p>SAM (Serviceable Available Market) is the portion of TAM that a company can target based on its business model, geographical reach, and product capabilities. It narrows down the TAM to a more realistic figure that the business can serve.</p>\n\n\n\n<h2 class=\"wp-block-heading\">What is SOM?</h2>\n\n\n\n<p>SOM (Serviceable Obtainable Market) is the share of the SAM that a company can realistically capture, considering its resources, competition, and market conditions. SOM provides a practical estimate of the achievable market share in the short to medium term.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Example to Illustrate TAM, SAM, and SOM</h2>\n\n\n\n<p>For a SaaS company launching a new project management tool:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>TAM</strong>: All businesses worldwide need project management software.</li>\n\n\n\n<li><strong>SAM</strong>: Businesses in the U.S. need project management tools that integrate with specific existing software.</li>\n\n\n\n<li><strong>SOM</strong>: Small to medium-sized businesses in major U.S. cities are likely to adopt new project management software within the next two years.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">When Do TAM, SAM, and SOM Apply and Why?</h2>\n\n\n\n<p>These metrics are used in various stages of business planning and investor presentations:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>TAM</strong>: Shows the ultimate growth potential of the market.</li>\n\n\n\n<li><strong>SAM</strong>: Helps set realistic targets for market penetration and resource allocation.</li>\n\n\n\n<li><strong>SOM</strong>: Provides a benchmark for short-term goals and performance measurement.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">How to Calculate Each Metric</h2>\n\n\n\n<p>TAM</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Top-Down Approach</strong>: Use industry reports to estimate the total market size.</li>\n\n\n\n<li><strong>Bottom-Up Approach</strong>: Aggregate potential sales across all customer segments within the market.</li>\n</ul>\n\n\n\n<p><strong>SAM</strong></p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identify the subset of TAM that fits your business model.</li>\n\n\n\n<li>Consider geographical, demographic, and economic constraints.</li>\n</ul>\n\n\n\n<p><strong>SOM</strong></p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Assess the competitive landscape and market conditions.</li>\n\n\n\n<li>Estimate the market share you can realistically capture in the short term.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">Applying TAM, SAM, and SOM in Business Strategy</h2>\n\n\n\n<p>These metrics allow startups to align product development, marketing strategies, and sales efforts with the most accessible and lucrative market segments. They are crucial for realistic goal setting and are often used to communicate business potential to investors and stakeholders.</p>\n\n\n\n<h2 class=\"wp-block-heading\">How These Metrics Guide Business Strategy</h2>\n\n\n\n<p>TAM, SAM, and SOM are strategic tools:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>TAM</strong>: Helps understand the overall market opportunity.</li>\n\n\n\n<li><strong>SAM</strong>: Focuses on the specific market segment your business can target.</li>\n\n\n\n<li><strong>SOM</strong>: Sets realistic sales goals and aids in resource planning.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">Importance of Accurate Market Sizing</h2>\n\n\n\n<p>Accurate market sizing ensures that startups avoid the pitfalls of underestimating or overestimating their market potential, which can lead to misallocated resources, skewed business strategies, and difficulty in attracting investment. It:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Provides a realistic view of the business opportunity.</li>\n\n\n\n<li>Helps set achievable goals.</li>\n\n\n\n<li>Enhances credibility with investors.</li>\n\n\n\n<li>Reduces the risk of overestimating market potential.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why Include Accurate Market Sizing in Business Plans</h2>\n\n\n\n<p>Including accurate TAM, SAM, and SOM figures in business plans:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Demonstrates thorough market research.</li>\n\n\n\n<li>Helps in convincing investors of the business&#8217;s potential.</li>\n\n\n\n<li>Provides a clear roadmap for growth and scalability.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">How to Use TAM, SAM, and SOM to Determine Market Size</h2>\n\n\n\n<p>Using these metrics helps businesses:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identify the full market opportunity.</li>\n\n\n\n<li>Focus on realistic targets.</li>\n\n\n\n<li>Allocate resources efficiently.</li>\n\n\n\n<li>Develop targeted marketing strategies.</li>\n\n\n\n<li>Attract and convince investors with credible data.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">Evaluating TAM, SAM, and SOM for Startup Success</h2>\n\n\n\n<p>For startups, these metrics are essential for assessing market potential and guiding strategic decisions. They help understand market dynamics and the feasibility of capturing a significant market share, thus playing a pivotal role in attracting investors.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Step-by-Step Guide to Calculating TAM, SAM, and SOM</h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 1: Define Your TAM</strong></h3>\n\n\n\n<p>Identify the broadest potential market for your product or service.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 2: Narrow Down to Your SAM</strong></h3>\n\n\n\n<p>Refine your focus on the market you can serve with your current business model and distribution channels.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 3: Calculate Your SOM</strong></h3>\n\n\n\n<p>To estimate this figure, assess your competition, market entry barriers, and your business’s unique value proposition.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Navigating Market Potential with Precision</h2>\n\n\n\n<p>Understanding and accurately calculating TAM, SAM, and SOM is crucial for startups to define their market opportunities, set realistic goals, and attract investors. By incorporating these metrics into your business strategy, you can ensure a focused and effective approach to market entry and growth.</p>\n\n\n\n<p>Ready to transform your business strategy? Try <a href=\"https://www.modeliks.com/features/\" target=\"_blank\" rel=\"noreferrer noopener\">Modeliks</a> today to streamline your business planning and achieve strategic success.<strong> </strong><a href=\"https://app.modeliks.com/register/ACBD5AB2-6994-40EE-A43A-B4370C09EDA1?_gl=1*i3un9e*_gcl_au*MTMyNjI3Mzg2OS4xNzE0NjM3MzQ4\">Start for Free<strong> </strong>and see the difference!</a></p>\n","slug":"tam-sam-som-meaning","date":"2024-06-17T13:16:16","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"}]},"mainCategory":{"mainCategory":["business-plans"],"videoHeader":null},"tags":{"nodes":[{"name":"competitor analysis"},{"name":"market analysis"}]},"featuredImage":{"node":{"id":"cG9zdDoyMzc2","sourceUrl":"/images/cms/TAM-SAM-SOM-Meaning-How-to-Calculate.jpg","altText":"Modeliks Guide: Understand TAM SAM SOM meaning to measure startup market potential accurately and effectively."}},"seo":{"metaDesc":"Understand TAM SAM SOM meaning and how these metrics can guide your strategy. Perfect for startups looking to size their market accurately."},"modified":"2024-06-17T13:16:16","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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