How Lambda can improve consistency & reduce errors for your models
What is Lambda? Lambda is a newer excel function which was available for general release in 2022, which allows users to create a custom formula and store it for future use. Thereby instead of rewriting a long formula every time (and possibly introducing errors), you can simply call the custom function in your financial models. […]
Leveraging a Rolling Forecast Model
by Angus Young Any business owner will tell you; the world moves fast. Market dynamics shift, costs fluctuate, and customer behaviour evolves in real time. Yet financial models are often built as static tools, frozen at a moment in time with the best available data and assumptions. In a few short weeks, these fixed models […]
Wholesaler Strategic Option Assessment
Chessboard Group has experience supporting businesses to make strategic decisions, supported by robust financial analysis & forecasting. Our financial models are designed to provide operational insights, assist with business planning and strategy. Scenario Client was an importer & wholesaler of solar panels and related equipment. The business was experiencing significant growth and needed to refinance […]
Acquisition Company Model
Chessboard Group has experience supporting businesses to make strategic decisions, supported by robust financial analysis & forecasting. Our financial models are designed to provide operational insights, assist with business planning and strategy. Scenario The client was a listed animal health company, undertaking growth via increasing product sales through its existing geographic footprint & acquisition of […]
Time Kills Deals
by Angus Young Mergers and acquisitions are often an intricate dance but rarely are both parties moving to the same rhythm. While differing tempos are widely observed and can be compatible, a significant mismatch often leads to doubt settling in a buyer’s mind, vendors losing interest, market conditions and company performance changing, deal costs mounting […]
Your Plan Manager – Corporate Adviser
Chessboard is proud to have supported Your Plan Manager (YPM) on its sale to Kismet. Chessboard acted as Corporate Adviser to YPM. YPM is a leading plan manager offering personalised NDIS plan management solutions and dedicated human support, informed by lived experience of disability, helping participates navigate their unique path towards enhanced capacity and independence. […]
All models are wrong, some are useful
I’ve heard this quote a lot over the years, and it’s one they really resonates with me. Modelling & forecasting is a process of educated guesswork based on both historical information & professional experience. Reality rarely aligns perfectly with forecasts due to factors beyond our control. Consider these real-life examples: Weather Impacts: for businesses selling […]
Cash is King: forecasting the P&L is only part of the story
Preparing a profit & loss forecast is a good 1st step in assessing the future operations & financial health of a business. Net Profit ≠ Cash Cashflow – the lifeblood of any business – is influenced by more than just profit. Depending on the industry, there can be significant differences between Net Profit and Cashflow. […]
Partnership with 2Xe
Competition is the law of the jungle, but cooperation is the law of civilisation – Peter Kropotkin Chessboard has launched a great partnership allowing us to support our clients on their carbon reduction & reporting journey.
Issues with using the FME Valuation Method
A common method of valuing a business in Australia is the Future Maintainable Earnings (FME) method. FME is often referred to as a “back of the envelope” valuation technique and involves determining a sustainable level of earnings of a business and capitalising it with an appropriate market multiple reflecting the risk of those cashflows. The […]