Outsourced Financial Modeling: The CFO’s Secret Weapon
July 28, 2021 | by: David Phillips
Outsourced financial modeling delivers the plans and insights CFOs need to succeed while saving money and freeing up resources
CFOs are turning to outsourced financial modeling to improve planning accuracy and agility while freeing themselves and their staff to focus on strategic imperatives. It’s an effective tactic to fill the skills gap while containing headcount costs. Furthermore, a trusted outsourcing partner helps implement a “center of excellence” (COE) approach for serving the expertly designed models that business stakeholders need to drive growth.
CFOs gain the following benefits by outsourcing financial models to Model Metrix:
✅ Confidence in financial model integrity
Financial modeling is a specialized discipline that takes years of practice, study and real-world experience to cultivate. Our experts gain an understanding of your planning goals and challenges and translate those into high fidelity multi-dimensional models. Utilizing our proven 5 Layer Modeling Methodology, we design, test and deploy models that meet the highest quality standards. Accurate financial models and dynamic “what if” scenarios inspire confidence when making data-driven decisions.
✅ Eliminate spreadsheet risk
Spreadsheets weren’t designed to support complex, high value planning processes and decisions. That’s why we employ a true multi-dimensional financial modeling platform, Quantrix Modeler™, which has been tried and tested by more than 55,000 users. With Quantrix, we build “application-like” models that are easy-to-use and intuitive to end users. Users interact with models via web browser rather than emailing and accessing spreadsheet versions.
✅ A platform for scalable, integrated modeling
The Model Metrix cloud server sits on Amazon Web Services (AWS), one of the leading on-demand cloud computing platforms. AWS allows us to deploy a database to support each client’s models. This results in a scalable modeling platform for both standalone models and integrated business planning. Data transfers seamlessly between models, ERP, CRM, 3rd party data and more.
>> Click here to view a sample model<<
✅ Enhanced data security via roles and permissions
Our “application-like” models employ a highly granular set of role-based permissions for data security. Roles and permissions control what each user group or individual is able to see and do in the model. For traceability, every model interaction is recorded in an audit trail.
✅ Cost predictability and assured value
Using an agile process with frequent check-ins, CFOs are assured that models meet or exceed expectations. We provide model development, software licensing, and comprehensive training and support – all conveniently rolled into a predictable, cost-effective subscription.
✅ Gain a trusted, long-term partner dedicated to your success
We invest the time and effort to understand your business challenges and goals. CFOs view us an extension of their team. Through transparency, expertise and insight, we deliver exceptional value throughout our long-term relationships.
As a CFO, you know that financial modeling is critical to business planning and success. As you seek to improve performance while managing costs and quality, outsourcing with Model Metrix can be your secret weapon for success. Take the first step by contacting us today.