Christopher Strachan
CEO
PowerModels
PowerModels is a financial modeling platform that operates natively within Microsoft Excel, utilizing a ledger-based data structure and a model server to ensure data coherence and streamline model management. It eliminates Excel errors, enhances collaboration, and automates data consolidation for small and medium businesses, enabling accurate forecasting and scenario modeling at a competitive price.
- Data & Analytics
- Enterprise Software
- Financial Technology
- Software Only
Updated 7 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
Small and medium-sized businesses often struggle with financial modeling in Microsoft Excel due to data silos, formula errors, and limited collaboration capabilities. Traditional financial planning and analysis (FP&A) platforms can be expensive and complex, creating a barrier to entry for many businesses seeking accurate forecasting and scenario planning.
Solution
PowerModels is a financial modeling platform designed to operate natively within Microsoft Excel, providing a streamlined solution for data consolidation, error prevention, and team collaboration. The platform utilizes a ledger-based data structure and a model server to ensure data coherence and integrity. By automating data gathering and validation, PowerModels helps businesses create accurate forecasts, perform scenario modeling, and generate reports with ease. The platform integrates with existing accounting software like QuickBooks and offers a user-friendly interface, minimizing the learning curve for Excel users.
Target Audience
PowerModels is designed for small and medium-sized businesses that rely on Microsoft Excel for financial modeling and analysis, as well as financial professionals seeking to streamline their forecasting and reporting processes.
Features
- Native Excel integration, allowing users to work within a familiar environment
- Ledger-based data structure to ensure data coherence and accuracy
- Automated data consolidation from various sources into a centralized hub
- Automatic identification and correction of #REF! errors
- Secure formula and cell protection with managed viewing and editing permissions for team collaboration
- Scenario modeling to assess the impact of financial shifts on business results
- Reporting automation with seamless integration to data visualization tools compatible with Excel
- EventChains DB™ to extract data from legacy systems and provide up-to-the-moment information
- Integration with QuickBooks, with planned integrations for Xero, Hubspot, and SalesForce