Financial Modelling Australia is a division of Mayfair Finance Australia Pty Ltd
Post GFC obtaining funding for your business has become more and more challenging, which you have probably experienced.
The banks are focussing more on the future outlook for your business rather than the more traditional model of simply looking at your previous years performance.
This is where financial modelling becomes vital for your business.
The banks are often looking for 3 Way Financial Modelling, this encompasses:
- Budgeted Profit & Loss
- Budgeted Cash Flow and
- Budgeted Balance Sheet
- with detailed assumptions
and these reports/spreadsheets should be integrated, whereby a change in one of these budgets could have an impact on another budget report.
What are the benefits of embracing Financial Modelling?
- Number 1 - Having a better understanding of your financials and tracking these with actuals year to date will no doubt enable you to build a more sustainable & robust business and enable you to increase your bottom line.
- It will be easier to obtain bank funding.
- It will be cheaper to obtain bank funding, reason being, the banks essentially grade all of their clients based on financial performance and based on financial controls & systems within the business, as well as based on business management & industry experience etc. So if you can demonstrate that you have a really good handle on your business and how it is tracking you will reap the rewards.
We have partnered with Hayes Knight Accountants & Business Advisers to ensure we deliver a timely & bespoke service in relation to your financial modelling needs.
