Modeloptic Product Update: June 22, 2023

Luke Harris
Co-Founder, Modeloptic

We're excited to tell you about several significant new product updates that we've just rolled out:

1) More Powerful Key Metrics

In addition to being able to load in key operating metric detail via Excel, you can now calculate the values of your historical metrics using formulas, or type in hardcoded values directly into the interface.

Using formulas to calculate relevant metrics is a great convenience so you can calculate any historical metric you'd like directly within Modeloptic.

We've added a new dedicated Key Metrics page where this can all be done. This is also where you can add new metrics or make changes to existing ones.

2) Streamlined Monthly Roll-Forward Process

Updating your historical financials within Modeloptic is now much simpler, which can now all be done on the new Historical Data page.

With this change, refreshing your projections and reporting materials with the latest actuals each month is now even more efficient. This process can take hours or days if you're doing it by hand in Excel, but only takes minutes in Modeloptic.

3) Robust Error Checking

It's very easy to inadvertently make mistakes when building and updating an Excel model and reporting materials manually, even for highly experienced finance pros. Modeloptic will now perform even more extensive error checking for you to make sure you haven't made any obvious mistakes (like forgetting to set a projection option somewhere).

These expanded notifications will be visible throughout your account:

By doing these expanded checks for you automatically, you can have greater confidence that your financials are free of mistakes.

We hope you enjoy the added functionality! As always, if you ever have questions, please don't hesitate to contact us.

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