Redefining Financial Planning and Reporting for Small Businesses and Startups with Blagoja Hamamdjiev Artwork

The Modern CPA Success Show

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The Modern CPA Success Show

Redefining Financial Planning and Reporting for Small Businesses and Startups with Blagoja Hamamdjiev

August 19, 2024 • info@summitcpa.net (Summit Virtual CFO by Anders) • Episode 126

“The reason I started Modeliks is because it took me three weeks to create a proper financial model in Excel for every new client. With our predefined financial model template, you have that handed to you on a plate.” – Blagoja Hamamdjiev

The finer details of this episode:

Discussion about business planning and financial reporting software for startups and small businesses
Main features of Modeliks software, including financial planning, budgeting, and advisory services
Importance of driver-based financial planning and its impact on business results
Cost-effectiveness and pre-defined financial model templates by industry within the software
Integration of financial tables and charts with pitch decks and business plans
Efficiency and time-saving benefits of using the software for financial modeling and planning
Dashboard functionality, including tracking financial progress and accessing various charts
User experience and flexibility of the software, including multi-user collaboration and planned AI integration
Levels of support provided by Modeliks, including customer support and live sessions with screen sharing

Episode resources:

Summit Virtual CFO by Anders website: https://www.summitcpa.net/
If you have questions or would like to be a guest on the show, email us at mcpasuccessshow@anderscpa.com
Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
Check out Modeliks, here: www.modeliks.com

Timestamps:

The introduction (00:00:00)

The hosts introduce the podcast and its mission, setting the stage for the upcoming episode.

Guest Introduction and Background (00:01:48)

The hosts introduce Blagoja Hamamdjiev, CEO and founder of Modeliks, and discuss his personal and professional background.

Global Nature of Modeliks (00:04:22)

Blagoja discusses the global footprint of Modeliks, including the location of their team and their incorporation in Ireland.

Using Modeliks for Financial Planning and Advisory Services (00:07:51)

Blagoja explains how Modeliks can be used for creating financial plans, pitch decks, and business plans, including its applications for advisory services.

Driver-Based Financial Planning (00:11:32)

Blagoja delves into the concept of driver-based financial planning and its importance in managing and improving businesses.

Integration of Financials with Pitch Deck and Business Plan (00:16:29)

Discussion on how Modeliks integrates financials with pitch decks and business plans, providing a unique and efficient solution for businesses.

Cost and Industry-Specific Financial Model Templates (00:19:31)

Blagoja highlights the cost-effectiveness of Modeliks compared to other software and the availability of industry-specific financial model templates within the software.

Creating Financial Models (00:20:26)

Blagoja explains the time-consuming process of creating financial models in Excel and the efficiency of using Modeliks templates.

Flexibility and Data Integration (00:22:31)

Discussion on the flexibility and data integration capabilities of Modeliks, including the current and planned data input methods and integrations.

Dashboard and Reporting Functionality (00:28:12)

Blagoja details the dashboard and reporting functionalities of Modeliks, including variance analysis, charts, ratios, and custom KPIs.

Future AI Integration (00:32:01)

The planned integration of AI features in Modeliks,