A financial modellers role is essential in problem solving.
We offer customized training solutions for teams using adapted case studies to ensure that participants gets maximum learning from our trainings. With two trainers in each session, you are assured that no team member gets left behind.
The trainings typically start with an introduction of InVhestia and the trainers. The trainer then asks the participants what their expectations for the training are and to rate their modelling ability – this allows for the trainer to know what aspects of the content to focus on and how to pace of the training.
To create an understanding of what a FAST Standard financial model entails, the trainer expounds on the four aspects of the methodology, that is, Flexible, Appropriate, Structured and Transparent, with real life examples in order to imprint the importance of these aspects.
The beauty about our open course is that professionals from various institutions get to share their experiences in financial modelling, what approach they use and the challenges and merits of the same.
Before any training, we deem it important to explain to participants that financial modelling is not an end in itself.
What does this mean?
The purpose of a financial model is to give an optimized level of decision making by bringing in new/ different perspectives. Many err when they view financial modellers as people who merely build spreadsheet models instead of understanding that their role is essential in problem solving.
To the same degree, a financial model is a tool that helps in decision making. As in any problem solving method, it is important to understand the problem. When InVhestia engages with a client, we always ask the answer what three to five answers they are hoping to get out of a model. This is because clients often have in mind a picture of what they would like but may not know what questions a model can help answer. Our role therefore, through financial modelling, is to introduce various aspects that many do not usually take into consideration when checking the viability of an investment, project, valuation etc.
To do this, one needs to create a conceptual model and a checklist of the client’s needs. That way, when you finally get round to building your model, the model itself responds to what is happening on the ground and not abstract assumptions. And that is why you’ll hear the phrase, ‘Excel money is real money!’
Our advice to any person who wants to create a model, do not open the spreadsheet until you understand the business problem. Spreadsheets are just part of the process, not the entire process.