Modelopic is a powerful and intuitive financial reporting and projections platform. It enables you to build a compelling forecast of your company's future, generate insightful financial reporting materials, and professionalize your strategic finance operations.
Modeloptic can be either completely self-service, or you can leverage our team to help you build and maintain your financials on your behalf.
If you'd like to try out Modeloptic on your own using your company's own data, we have a free 14-day self-service trial available.
Once you create the connection to your accounting system, Modeloptic will auto-generate your chart of accounts and a basic starting forecast for you.
If you'd like a live walk through from us or have any questions, please feel free to Contact Us any time.
If you'd instead like to try out Modeloptic using an instance pre-populated with example data, we also have a self-service demo available.
The first step to getting started in Modeloptic is to Contact Us to choose a plan and have us create an account for your company.
We will also create user accounts for you and your team, and make sure the correct permissions are set on each. See the following section for the available permissions.
Modeloptic allows for several levels of user permissions to be set on a given account:
By making use of these settings, you can ensure that only authorized users are able to make particular changes in your account and that access to sensitive information (like payroll data) is restricted.
New user account creation and changes to permissions must be done by Modeloptic staff, so please contact your account manager if you'd like to make changes.
Getting your Modeloptic account set up is typically a very quick process. It can be done in a matter of hours for companies with simple financials, or can take a bit longer for companies with more complex circumstances.
While Modeloptic can be set up completely on your own, most customers opt to have our team lead their implementation to ensure their configuration, forecast, and reporting materials are comprehensive and robust. Once finished, we then hand the reigns over to you.
Implementation includes the following steps:
All of these steps are covered in detail in this guide.
Once your account has been created, you can log in here, or by going to the "Login" link on Modeloptic's main page.
Once logged in, you will start on the Financial Detail page. Using the menu on the left, you will see the following options:
Hovering over the "Projections", "Performance", and "Historicals" options will show you all available navigation options, including the following:
Modeloptic will show a monthly view by default, but quarterly and annual views are available as well on several pages:
As you can see in the image above from the Financial Detail page, there is a "Condensed View" option available to provide a higher level, more condensed look at your financials.
In the monthly and quarterly views, you can use the plus/minus icons above the year totals to collapse the component periods of a given year.
The expanded view looks like this:
And the collapsed view looks like this:
Most of your company's configuration will be set on the Configuration page:
There, you will see options for setting:
Each of these are covered in more depth in the Company Configuration section of this guide.
The next step will be to load in your company's historical financials and operating metrics.
If you use QuickBooks, Xero, NetSuite, or Sage Intacct for your accounting system, you can create a direct connection to pull data from them into Modeloptic. Otherwise, data can also be loaded in via Excel upload. Setting up your accounting connection is done and the Configuration page, and you'll then refresh your data within Modeloptic on the Historical Data page thereafter.
All of this is covered in detail in the Historical Data section of this guide.
Once your company configuration has been set and historical data has been loaded in, navigate to the Projection Sets page. Create your first blank projection set using the "+ Add New Blank Projection Set" button in the bottom left, give it a name, and hit the "Save Projection Sets" button in the top right.
From there, most of your projection logic will live on the Financial Detail page. You'll also use the Personnel page for forecasting staff-related expenses. For some companies, forecasting revenue by individual customer (or customer cohort) will make sense, which can be done on the Customers page.
On the top right of each of these pages, you'll notice an error icon that looks like this:
This indicates that there is a validation error in your model. This isn't surprising if you have a newly created blank model, as the validator will be telling you that you need to set forecast options on all of your line items. Clicking on it will show you the errors:
As you go through each line and begin setting forecast options, these errors will go away. Detailed instructions on how to create projections on each of these pages can be found in the Forecasting, Personnel, and Customers sections of this guide.
If you ever want help with anything related to Modeloptic, or corporate finance in general for that matter, our team is always here to help.
Technical support, including walkthroughs of Modeloptic functionality, is always free for customers. If you'd like more intensive help, we offer consulting services, which you can learn more about on our pricing page.