Mining models are the ultimate financial challenge.
In this episode of the Financial Modeler's Corner, host Paul Barnhurst interviews Paul Medici, exploring the complex world of financial models—where even the best models can turn into "Frankenstein" versions after years of modifications and quick fixes.
Over time, many financial models become tangled with different formulas, broken logic, and extra worksheets that were never designed for longevity.
This often leads to confusion and distrust, with management no longer sure which parts of the model are still relevant.
After a decade or more of these add-ons, it’s often simpler to start fresh rather than trying to patch up the old version. 🛠
Whether it's a corporate financial model or a cash forecasting tool, it’s essential to simplify and start with a clean slate.
🎧 Tune in to the full episode @thefpandaguy
#FinancialModeling #Excel #CorporateFinance #Efficiency #FrankensteinModels #FinancialPlanning #ModelingTools #Automation #FinancePodcast #FinancialModelersCorner
Видео Mining models are the ultimate financial challenge. канала The FP&A Guy
Over time, many financial models become tangled with different formulas, broken logic, and extra worksheets that were never designed for longevity.
This often leads to confusion and distrust, with management no longer sure which parts of the model are still relevant.
After a decade or more of these add-ons, it’s often simpler to start fresh rather than trying to patch up the old version. 🛠
Whether it's a corporate financial model or a cash forecasting tool, it’s essential to simplify and start with a clean slate.
🎧 Tune in to the full episode @thefpandaguy
#FinancialModeling #Excel #CorporateFinance #Efficiency #FrankensteinModels #FinancialPlanning #ModelingTools #Automation #FinancePodcast #FinancialModelersCorner
Видео Mining models are the ultimate financial challenge. канала The FP&A Guy
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19 сентября 2024 г. 19:00:01
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