6 Reasons to Ditch Excel
Spreadsheets, while useful for rudimentary calculations, are incapable of providing the complex, multidimensional analysis that financial modeling software was designed for.
Modeling the Second Wave of COVID-19With the recent increase in COVID-19 cases and deaths in the United States, every financial modeler should be reevaluating their financial models with new COVID-19 scenarios. In this article, Synario reviews what to expect in various industries including healthcare and higher education. Read the full article to glean valuable insight on how to adapt your financial models with relevant scenarios, including the historical impacts of the second wave of previous pandemics.
Future Proofing Your Organization through Agile PlanningCreating an agile financial plan and planning team is critical to keep pace with 2020's changing economic and public health conditions. In this NACUBO webcast, Synario discusses what it means to be "agile" and how college and university finance leaders can implement scenario-based planning to adapt to an uncertain environment. Joined by Scenario Planning author Woody Wade, this webcast is full of take-aways on how to identify and execute your best financial trajectory.
Analyzing PPP Loans through Financial ModelingAs federal, state and local governments attempt to help both individuals and businesses through the COVID-19 recession, the Small Business Association (SBA) has released information on how to apply for the Payroll Protection Program (PPP) loan. The loan is a unique opportunity for businesses to receive a large cash influx and be forgiven for the entire loan amount if it is used towards qualifying expenses. However, businesses should be utilizing financial modeling prior to applying for the loan to determine if the loan amount will be forgiven or if they could incur unexpected repayments in the future.