I've built GrantTree's financial modelling (real time, to the penny) using a Ruby/Rails back end and FreeAgent for the transaction management.
No Excel in sight. The only thing we use Excel for is client calculations and holiday tracking.
No Excel in sight. The only thing we use Excel for is client calculations and holiday tracking.
But why would you need this? You can do financial model in 1 hour using Excel...
But what the article is about, in a growing startup or a changing company (say, completely new product line) the 'one master source of data' is not in a database but the assumptions in your head; and any clever model based on your historical data will be either impossible or far more wrong than a simple order-of-magnitude calculation done on a paper napkin. And, well, Excel is more convenient than the napkin.