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    Lviv, Ukraine
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We do financial models, dashboards and pitch-decks

5.0
4 reviews

Finmodelslab.com is a global financial advisory firm, launched to help clients around the world to analyze/plan/grow/finance/present their businesses or startup idea through financial models, dashboards, and pitch-decks.

 

We are passionate about financial modeling and business planning. You will get a best practice Excel-based financial model solution in record time.

 

We aim to improve decision making via robust, reliable and easy-to-use solutions.

 

Our services include:

1. Financial Modeling

2. Business Valuation

3. Dynamic Dashboards

4. Financial Model Audit

5. Financial Forecasting and Budgeting

6. Eye catchy Pitch-Decks

READ MORE...
 
$1,000+
 
$25 - $49 / hr
 
2 - 9
 Founded
2016
Show all +
Lviv, Ukraine
headquarters

Portfolio

HOSPITAL STARTUP FINANCIAL MODEL

CHALLENGE

 

How much should I invest in this business?

How much should I charge for each procedure?

Is this business idea profitable?

When can I reach a break-even level?

The customer wanted to have a comprehensive financial model to answer that kind of questions.

 

SOLUTION

 

We did not hard-code any assumptions. All the variables could be edited directly from the dashboard or at the expense/wages tabs. Thanks to it, we could test different alternatives and make any edits literally on the fly.

Finally, we delivered a fully customized financial model shall contain the following:

  • Dashboard with core inputs and core outputs
  • Patient base forecast
  • Revenue model based on visits
  • Flexible Pricing model by years
  • Variable and Fixed expenses model
  • Wages and staff strength model
  • CAPEX additions and depreciation model
  • ...

Cash Flow Statement Forecast with Actual vs Budget Variance Tracker

CHALLENGE

 

How to forecast cash flow statements?

How to manage cash flow on a monthly basis?

How to do Year to Date cash flow analysis?

 

SOLUTION

We made this best practice cash flow statements forecast in Excel with help of our 10 years’ experience in financial modeling and here are the core benefits:

  • Works on MAC or PC
  • Ready to print
  • No hard-coded assumptions
  • Graphs and tables are dynamic
  • Analyze any period easily
  • Navigation like in google chrome

First and foremost, we did not hard-code any assumptions. It is very helpful both for the client and financial modeler, as all the variables could be edited directly on the tabs. 

Finally, we delivered a fully customized cash flow statements forecast shall contain the following:

  • 12 month Cash Flow Statement Forecast
  • 12 month Cash Flow Statement Actuals
  • Flexible...

ECOM BUSINESS FINANCIAL MODEL

CHALLENGE

 

  • How much should I invest before starting an eCommerce business?
  • How to forecast cash flow for eCommerce business?
  • How to do the Break-Even Analysis before starting eCommerce Business?

 

That were the core but not last questions our client wanted to solve before visit investors with the idea of Salon startup.


SOLUTION


We made this best practice financial model in Excel with help of our 10 years’ experience in financial modeling and here are the core benefits:

Finally, we delivered a fully customized financial model shall contain the following:

  • Dashboard with core inputs and core outputs
  • Up to 5 Markets or products & Sales seasonality
  • Inventory supply forecast
  • Working capital assumptions
  • Flexible COGS, Variable, Fixed costs and Wages
  • Summary Financial statements
  • Financial and operational...

SAAS STARTUP FINANCIAL MODEL

CHALLENGE

  • What will be the MRR in 1 year after launch? And after 2?
  • How much should I charge per month and year?
  • What is my CAC, LTV, Churn rate and Burn Rate?
  • How many investments do I need?

That were the core but not last questions our client wanted to solve before visit investors with the idea of SaaS startup.

 

SOLUTION

 

We made this best practice financial model in Excel with help of our 10 years’ experience in financial modeling and here are the core benefits:

Finally, we delivered a fully customized financial model shall contain the following:

  • Dashboard with core inputs and core outputs
  • Freemium or Free-Trial revenue model + up to 3 Offerings
  • Monthly and Annual billing with the discount
  • Seats and Modules upsales
  • Churn Rate & Customer migration
  • Variable, Fixed costs and Wages and staff strength model
  • SAAS...

DAYCARE BUSINESS PLAN STARTUP FINANCIAL MODEL

CHALLENGE

 

●      What are the overall costs of launching a startup?

●      What is the estimated revenue?

●      How long is the investment payback period expected to be?

That were the core but not last questions our client wanted to solve before visit investors with the idea of DayCare business plan.

 

SOLUTION

So, we made this best practice financial model in Excel with help of our 10 years’ experience in financial modeling and here are the core benefits:

  • Works on MAC or PC
  • No hard-coded assumptions
  • Graphs and tables are dynamic
  • Navigation like in google chrome

Finally, we delivered a fully customized financial model shall contain the following:

  • Dashboard with core assumptions, financials, and outputs
  • Flexible revenue & expenses setup
  • Summary Financial metrics on graphs
  • Top Revenue & Top Expenses reports...

HAIR SALON CHAIN FINANCIAL MODEL

CHALLENGE

 

  • How to open the Salon chain with no money?
  • How to do the Break-Even Analysis before starting your Business?
  • How to make your Business Profitable?

He wanted to have a comprehensive financial model to impress investors and get financed.

 

SOLUTION

So, we made this best practice financial model in Excel with help of our 10 years’ experience in financial modeling and here are the core benefits:

  • Works on MAC or PC
  • No hard-coded assumptions
  • Graphs and tables are dynamic
  • Navigation like in google chrome

Finally, we delivered a fully customized financial model shall contain the following:

  • Dashboard with core inputs and core outputs
  • Up to 10 Salons in chain & 4 Extra products
  • Flexible Salon revenue & direct expenses setup
  • Variable, Fixed costs and Wages and staff strength model
  • Summary...

AI MOBILE APPLICATION DEVELOPMENT TOOL FINANCIAL MODEL

CHALLENGE

 

How much will my business worth at the exit?

What is the forecasted MRR MoM growth rate, LTV, CAC and ARPU?

When my business idea will reach a break-even and be profitable?

The customer wanted to have a comprehensive SAAS financial model with 3 scenarios to answer that kind of questions.

 

SOLUTION

 

We did not hard-code any assumptions. All the variables could be edited directly from the dashboard or at the inputs/expense/wages tabs. Moreover, each assumption has 3 scenarios. Thanks to it, we could test different alternatives and make any edits literally on the fly.

Finally, we delivered a fully customized financial model which contain the following:

  • Dashboard with core inputs and core outputs
  • Financial Summary
  • SAAS Revenue model
  • SAAS Pricing model
  • SAAS Attrition model
  • Variable and Fixed expenses model
  • Wages and staff...

PHYSIOCARE STARTUP FINANCIAL MODEL

CHALLENGE

 

How much money do I need to start?

How many physiotherapists fulfill demand?

What is the break-even level?

That were the core but not last questions our client wanted to solve before visit investors with the idea of physiocare startup.

He wanted to have a comprehensive financial model to impress investors and get financed.

 

SOLUTION

 

First and foremost, we did not hard-code any assumptions. It is very helpful both for the client and financial modeler, as all the variables could be edited directly on the dashboard or at the expense/wages tabs. Thanks to it, we could test different alternatives and make any edits literally on the fly.

Finally, we delivered a fully customized financial model shall contain the following:

  • Dashboard with core inputs and core outputs
  • Financial Summary
  • Revenue model
  • Variable and Fixed expenses model
  • ...

SALES & FINANCIAL KPIs DASHBOARD

CHALLENGE

 

The customer wanted to have the Interactive Dashboard ready to track core financials as well as sales performance in comparison to the prior year data.

 

SOLUTION

 

We made the Excel dashboard with core benefits

  • MAC or PC
  • Ready to print reports
  • Easily add new data
  • Dynamic graphs and tables 
  • Analyze any period

 

At the Dashboard tab user can see

  • Revenue
  • Ebitda
  • Net Income

Have any questions? – Just message us with anything you would like to know. 

https://finmodelslab.com/

Reviews

5.0
4 reviews
Sort by

Financial Dashboard for Building Materials Provider

“Finmodelslab was time-oriented, communicative, and available whenever we reached out.”

See More

5.0

Quality: 
5.0
Schedule: 
5.0
Cost: 
4.5
Willing to refer: 
5.0
The Project
 
Less than $10,000
 
June - Sept. 2017
Project summary: 

Following a thorough discussion of the vision for the dashboard, Finmodelslab developed a solution that displayed monthly financial standings in a simple and clear interface.

The Reviewer
 
11-50 Employees
 
Beltsville, Maryland
CEO, Building Materials Provider
 
Verified
The Review
Feedback summary: 

The dashboard met all requirements and expectations with its design and functionality. With their collaborative approach to the partnership, Finmodelslab delivered an innovative solution that reflects their technical capabilities and creativity.

BACKGROUND

Please describe your company and your position there.

I’m the founder and CEO of a granite and quartz countertop provider.

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Finmodelslab?

I needed to develop a financial dashboard for my business.

What were your goals for this project?

Ultimately, I wanted to see a monthly financial picture through this dashboard.

SOLUTION

How did you select this vendor?

Following multiple online searches, I found three companies with experience in working with a company’s financials. After interviewing each, we chose Finmodelslab for the quality of their services. They seemed like the best fit for our project.

Describe the project in detail.

We started the engagement with a clear conversation where we detailed our goal for the project. Using this information, Finmodelslab built our dashboard with a simple and effective design. Their team continues to provide support if we run into an issue.

What was the team composition?

I was in contact with one representative form Finmodelslab.

RESULTS & FEEDBACK

Can you share any outcomes from the project that demonstrate progress or success?

The system provides a snapshot of my company’s key financial elements, which is exactly what I wanted.

How effective was the workflow between your team and theirs?

Finmodelslab was time-oriented, communicative, and available whenever we reached out.

What did you find most impressive about this company?

I appreciated the level of dedication, knowledge, and innovation their team brought to the engagement. They were very skilled both in terms of technical capabilities and creativity.

Are there any areas for improvement?

I’m satisfied with the experience.

5.0
Overall Score
  • 5.0 Scheduling
    ON TIME / DEADLINES
  • 4.5 Cost
    Value / within estimates
  • 5.0 Quality
    Service & deliverables
  • 5.0 NPS
    Willing to refer

Financial Model for SaaS Startup

"Finmodelslab was committed to the highest quality of deliverables and adhered to all deadlines." 

See More

5.0

Quality: 
5.0
Schedule: 
5.0
Cost: 
5.0
Willing to refer: 
5.0
The Project
 
Less than $10,000
 
Jan. - Feb. 2018
Project summary: 

Finmodelslab designed and implemented a robust, detailed financial model that included long-term projections, capitalization and SaaS analysis metrics, and consolidated tracking.

The Reviewer
 
1-10 Employees
 
Dubai, United Arab Emirates
CEO, Healthcare Startup
 
Verified
The Review
Feedback summary: 

Providing seamless communication, in-depth technical competency, and transparent reporting catered to a narrow timeline, Finmodelslabs delivered a model that reflected an ample understanding of project needs, goals, and challenges, and exceeded all expectations. 

BACKGROUND

Please describe your company and your position there.

I am the founder and CEO of a software as a service (SaaS) healthcare startup. 

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Finmodelslab?

We have a small in-house team but were looking for assistance in building a financial model to prepare for our seed round. 

What were your goals for this project?

We wanted a comprehensive financial model developed to the smallest details of our business with five years of projections, analytics for SaaS metrics, a capitalization table, and a streamlined, consolidated dashboard for easy tracking.

SOLUTION

How did you select this vendor?

Finding the right resource with whom we could feel comfortable communicating and would be flexible with ongoing changes and modifications was paramount. We selected Finmodelslab after an extensive online search and interview process on various platforms, including Upwork. 

Describe the project in detail.

They immediately initiated a discovery phase in order to better understand our business model, objectives, and challenges, then we agreed on milestone deliveries and timelines. Finmodelslab was committed to the highest quality of deliverables and adhered to all deadlines. 

What was the team composition?

I worked primarily with Henry (Business Modeler, Finmodelslab).

RESULTS & FEEDBACK

Can you share any outcomes from the project that demonstrate progress or success?

The deliverables exceeded my expectations.

How effective was the workflow between your team and theirs?

Henry provided easy and flexible communication, whether via Google docs, online meetings, or messaging, that did not interrupt my personal workflow or schedule and was always available for short-notice calls. He understood my time constraints and acted accordingly to make the reporting simple, accessible, and self-explanatory, such as submitting a video with every milestone to clarify his work.

What did you find most impressive about this company?

Finmodelslab has impressive technical knowledge of SaaS finances and economics.

Are there any areas for improvement?

None that I can think of. I enjoyed working with Finmodelslab.

5.0
Overall Score
  • 5.0 Scheduling
    ON TIME / DEADLINES
  • 5.0 Cost
    Value / within estimates
  • 5.0 Quality
    Service & deliverables
  • 5.0 NPS
    Willing to refer

Comprehensive Financial Model for Homecare Company

“Their work allowed us to better understand our business and identify steps to reach our financial goals.”

See More

5.0

Quality: 
5.0
Schedule: 
5.0
Cost: 
5.0
Willing to refer: 
5.0
The Project
 
Less than $10,000
 
Mar. - Apr. 2018
Project summary: 

Finmodelslab created an in-depth financial model that included detailed assessments of the costs, profits, potentials, and risks. They designed the model to be presentable to prospective investors.

The Reviewer
 
1-10 Employees
 
Kuwait
Ali Alnamani
CEO, Kleos Healthcare Corporation
 
Verified
The Review
Feedback summary: 

Finmodelslab’s model provided key insights into the business’s finances and enabled internal stakeholders to appeal to investors. The team outpaced the established timeline, going above and beyond to explain their work in an accessible way.

BACKGROUND

Please describe your company and your position there.

I’m the co-founder and CEO of a homecare company called Kleos Healthcare Corporation. We provide world-class physiotherapy to patients and customers at their homes.

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Finmodelslab?

We needed resources to develop a comprehensive financial model that included a sensitivity analysis. Because we needed to present the plan to potential investors, the model’s presentation was critical.

What were your goals for this engagement?

With the financial models, we wanted to understand our numbers in terms of costs, revenue, and profit. The model would be essential in comprehending our business potential and the risks involved.

SOLUTION

How did you select this vendor?

We researched multiple qualified agencies online before finding Henry’s (Owner, Finmodelslab) profile on Upwork. His high ratings and portfolio made him a perfect match, so we sent an RFP along with our budget.

Describe the engagement in detail.

Henry easily comprehended the project requirements and produced a neat financial model. Upon receiving the model, we requested some modifications, which he promptly fixed. Henry also provided several explanatory videos to walk us through his calculations step by step.

Describe their billing or cost structure.

We deposited the agreed amount through Upwork. Finmodelslab received the payment after completing the project.

What was the team composition?

We worked primarily with Henry, who had extensive knowledge about developing financial models.

RESULTS & FEEDBACK

Can you share any outcomes from the engagement that demonstrate progress or success?

The model helped us better understand our business, and the quality and timing of the work far exceeded our expectations. Henry completed the first draft within three days, explained his logic and process, and delivered the final model in under a week. It took us some time to understand the model since it required complex calculations. However, we appreciated the level of detail provided.

How effective was the workflow between your team and theirs?

The workflow was robust, and Henry always responded promptly. His explanatory videos were particularly helpful, keeping us on the same page while reducing the delivery time. Even after the project ended, Henry was still happy to answer any questions.

What did you find most impressive about this company?

Henry and his team are experts in their field. Their work allowed us to understand our business and identify steps to reach our financial goals. Furthermore, the quality of the model helped us present our business to potential investors.

5.0
Overall Score If you’re looking for a comprehensive, detailed, and presentable financial model, they’re the top choice.
  • 5.0 Scheduling
    ON TIME / DEADLINES
    We expected a two-week timeline, but Finmodelslab delivered the project in five days.
  • 5.0 Cost
    Value / within estimates
    The team was flexible and accommodated us when we requested some revisions and explanations.
  • 5.0 Quality
    Service & deliverables
    They provided a high-quality financial model with complex calculations.
  • 5.0 NPS
    Willing to refer
    We highly recommend them and will continue to collaborate with them as we update our model.

Five-Year Financial Model For Tech Startup

"It was a simple and time-efficient engagement."

See More

5.0

Quality: 
5.0
Schedule: 
5.0
Cost: 
5.0
Willing to refer: 
5.0
The Project
 
Less than $10,000
 
May - June 2018
Project summary: 

Finmodelslab developed a five-year plan for a startup in the tech space. They delivered an extensive Excel file that included charts and summaries of key growth and financial metrics.

The Reviewer
 
1-10 Employees
 
Atlanta, Georgia
CEO, Stealth Mode Startup
 
Verified
The Review
Feedback summary: 

Finmodelslab processed rich organizational figures and translated them into an easily understood catch-all report that can be confidently presented to investors and partners. They feature a simple yet effective process of information gathering, resulting in a reliable and scalable model.

BACKGROUND

Please describe your company and your position there.

I am the CEO of a startup in the technology space.

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Finmodelslab?

We hired Finmodelslab to create a fully developed five-year plan, which included all aspects of our revenue and expense model, including investor forecasts, capitalization table, and debt adjustments.

What were your goals for this engagement?

We needed to develop a plan that we can easily communicate with team members and potential investors and partners.

SOLUTION

How did you select this vendor?

We posted an RFP on Upwork and hired four companies to work on this project with similar costs. Finmodelslab had the best delivery by far compared to the other vendors, and we selected them to expand the model.

Describe the engagement in detail.

They took a high-level plan we created and translated it into a fully adjustable model in Excel. The model can be used to easily project different business plans and present them to partners and investors.

Describe their billing or cost structure.

Their billing was milestone-based.

What was the team composition?

We worked directly with a project manager.

RESULTS & FEEDBACK

Can you share any outcomes from the engagement that demonstrate progress or success?

The model they delivered was a beautiful Excel file that contained dashboards and summaries for simple cost of goods sold line items and cap table evolution, among others. We have used the model to ideate and brainstorm directions and present outcomes to investors and partners. Everyone was very impressed by the work.

How effective was the workflow between your team and theirs?

It couldn't have been any easier. I’d estimate that 80% of the job was completed in less than a week, and we continued to make small changes for the next two to three weeks. They were mindful of clarifying certain points of our proposal, and they delivered the plan in stages. It was a simple and time-efficient engagement.

What did you find most impressive about this company?

I was blown away by how well they translated the basic scope into complex and aesthetically pleasing graphics.

Are there any areas for improvement?

No. They capably completed everything we asked of them.

5.0
Overall Score
  • 5.0 Scheduling
    ON TIME / DEADLINES
  • 5.0 Cost
    Value / within estimates
  • 5.0 Quality
    Service & deliverables
  • 5.0 NPS
    Willing to refer