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<\/p>\nModano is a revolutionary plug-and-play technology that is wielding boundless power for mum-and-dad investors through to serious financiers and property developers. Co-creator James Longden outlines how investors can benefit.<\/p>\n
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Q. Modano is a world first. How does it work?<\/strong><\/p>\n Modano brings accurate feasibility modelling to the masses. It\u2019s a financial modelling add-in for Excel that we built for big companies like BHP, AMP, Caltex, Australia Post and so on. For developers and financiers, Modano is like having your own analyst in Excel \u2013 one that\u2019s incredibly quick, super accurate and there at your beck and call.<\/p>\n Essentially, the Modano platform contains modules to quickly build any and every financial scenario, and it\u2019s all automatically scalable. You can drop in a new debt structure module in a matter of seconds \u2013 and because it\u2019s Excel, you\u2019ve got the control to adapt it manually, too. Q. What kind of investor or developer can use Modano?<\/strong><\/p>\n Modano is incredibly flexible and comprehensive. It supports any funding, from a single debt structure to 25+ tiers of complex waterfall financing. Basically, it can cover the whole property world, from a little townhouse development to a complicated property fund development with all of its intricate tax and financing structures. But it\u2019s so simple, anyone can use it.<\/p>\n It\u2019s perfect for all developers, property financiers and accountants, as well as property world, from a little townhouse development to a complicated property fund development with all of its intricate tax and financing structures. But it\u2019s so simple, anyone can use it.<\/p>\n It\u2019s perfect for all developers, property financiers and accountants, as well as property funds management and property fund accountants, too.<\/p>\n That\u2019s one of biggest differences with Modano \u2013 we haven\u2019t designed it as property developers; we\u2019ve designed it using top-end finance and feasibility capability. This product serves some of the world\u2019s biggest companies, and it just Q. You have a long history in the field of modelling. How did your prior work result in creating the world\u2019s first plug-and-play feasibility and budget tracking system?<\/strong><\/p>\n Twenty years ago, I worked at Deloitte\u2019s business modelling group in London and helped to establish Deloitte\u2019s group in Australia. In 2006, our CEO, Michael Hutchens, realised that there was no consistency with modelling, so he built software that ultimately led to where Modano is now \u2013 super consistent spreadsheets and easy plug-and-play usability.<\/p>\n The idea for property was to solve the problem of outdated financing structures and keyman errors. For example, up until now the typical way to build a feasibility model for a development would be to use industry standard software for the operational piece, and then spend two weeks hacking together a \u2018Frankenstein\u2019 model from separate parts with horrendous financing bolt-ons.<\/p>\n Because Modano is modular, you can create 95% of your model instantly using a wide range of modules, and the other 5% involves just a few Excel calculation changes to reflect the real nuances of the deal \u2013 we\u2019re talking half an hour of work, compared to a couple of weeks.<\/p>\n
\nIt can link to financial statement information, and it rolls from forecast into historicals seamlessly as your construction progresses.<\/p>\n
\nas easily serves developers and property financiers, too.<\/p>\nKIT AND CABOODLE FOR EVERYONE<\/strong><\/div>\nSmall developers:<\/strong>\u00a0Offers fast, accurate feasibility with access to every type of financial structure available, with the ability to update modules instantly<\/div>\nFinanciers:\u00a0<\/strong>Multi-tiered, complex financial structures at the click of a button give financiers access to more accurate and scalable data<\/div>\nLarge-scale developers:\u00a0<\/strong>Create a model that\u00a0incorporates unlimited financial structures, as well as side-by-side, seamless historical and forecast rolling data<\/div>\nDevelopment funds:\u00a0<\/strong>Offers modules to handle the complicated nuances of tax and financial elements of even large-scale development fund management<\/div>\nService offering:<\/strong>\u00a0Advisors can use the Modano software and property content to deliver property advisory work<\/div>\nModule building:\u00a0<\/strong>Finance industry experts can build and share their own custom modules from scratch<\/div>\n\u201cIt\u2019s like having your own analyst in Excel \u2013 one that\u2019s incredibly quick, super accurate and there \u00a0at your beck and call\u201d<\/h2>\n
A BRIGHT IDEA THAT BEGAN YEARS AGO<\/strong><\/div>\n2003:<\/strong>\u00a0CEO Michael Hutchens writes the Best Practice Spreadsheet Modelling Standards, and his quest to eliminate inconsistencies and inefficiencies in modelling be::gins<\/div>\n2006:<\/strong>\u00a0BPM Toolbox software is released, mechanising many Excel modelling tasks; this platform is used by hundreds of major companies around the w: orld<\/div>\n2007:\u00a0<\/strong>BPM Global begins building bespoke feasibility models for large property funds and developers, and subsequently realises the industry\u2019s feasibility platforms lack modern financing options<\/div>\n2013:\u00a0<\/strong>Modano software is released, automating development of planning and \ufb01nance models. As the world\u2019s \ufb01rst Excel-based content management system, the product quickly becomes a global success<\/div>\n