Financial models enable an organisation to test the viability of a new business strategy, a new department or a merger by assessing different economic scenarios.
Why complete a financial model?
Good financial planning is essential for management teams to clearly understand the viability of a proposal and the things that need to be put in place for it to succeed commercially. As charities, NGOs and housing associations seek more enterprising approaches to offering their services, better financial planning will breed success.
Who could benefit?
Financial models are particularly beneficial for the senior management and boards of:
- Established organisations that have matured and are seeking how to achieve sustainability.
- Established organisations that are developing new social enterprises or businesses, and require investment.
- Community finance institutions and other social investment vehicles.