Technology Based Start-up
Our client is a provider of personal safety and localisation services for international students and travellers utilising a proprietary technology portal combined with a support centre and network of liaison officers.
The client required a financial model for their new business to enable efficient and informative management decision making. Management required the ability to;
Working closely with the founders and management team all key elements of the business were included in the model. As the business evolved and key revenue and expense drivers changed or became clearer these modifications were incorporated in the model, accurately and dynamically reflecting the emerging business. The structured nature of the forecasting methodology and adherence to best practice modelling standards allowed multiple Forecast team members to seamlessly work on the model. This enabled a rapid turn-around process and ultimately saved the client time and money.
Completion of the model provided the client with clarity over forecast revenue, expenses and cash at bank. This allowed effective decision making in terms of managing cash flow and allocation of resources, critical for a new enterprise. The model layout and dashboards allowed management oversight of business performance without requiring dedicated internal resources to analyse and interpret financial metrics.
As the business developed Forecast continued to update the model to incorporate changes such as: