4 ms·

I'm the founding CTO of a small startup, and I've been trying to find the business equivalent of your side project. Have you come across any modern tools for fi

I'm the founding CTO of a small startup, and I've been trying to find the business equivalent of your side project. Have you come across any modern tools for financial forecasting?

scubakid 4y ago
I've been shown a couple tools geared for startups that some of my users had been playing around with, but those didn't look modern or nuanced enough to me. I haven't done a formal search though, so perhaps there are good things out there I'm not aware of. Eventually, I'd like to add better support for business use cases to ProjectionLab; in some ways, it's already close, but I'll need to carefully think through a few things like more granular event timing/scheduling and short/near-term views.
tnorthcutt 4y ago
https://usesummit.com/ https://usesummit.com/
- scubakid 4y ago
  Visual editor seems pretty cool. Can summit do probabilistic things like monte carlo simulation as well, or is it scoped to deterministic projection?
  - wensing 4y ago
    Creator here. You can use fuzzy numbers to get varied output, and if you want to do MC you can use the API into your model to call it with whatever distributions you want and aggregate the output. But no, our UI doesn’t natively support doing a MC sim because the demand is frankly less than you’d expect. :)
michaelsalim 4y ago
What kind of forecasting are you looking for? I'm searching for something similar to calculate profits & planning expenses over time. If I can't find something that works, this might be something I'm considering to build myself.
mnembrini 4y ago
This seems exactly what you are looking for https://www.causal.app/ https://www.causal.app/
- danielvaughn 4y ago
  After looking through their landing page, I totally agree, this looks perfect. Thank you!
telesilla 4y ago
Causal, Pry, Finmark etc are good tools. Costs can vary, you'll need to be clear about your specific goals to stay price effective.
conductr 4y ago
I’ve used a lot of financial forecasting software from Oracle/SAP to SaaS to all the startups. I do implementations and day to day CFO empowerment. The new kid on the block I like is cubesoftware.com . It’s priced rather affordably for a small business but maybe not a solo sized one

I'm the founding CTO of a small startup, and I've been trying to find the business equivalent of your side project. Have you come across any modern tools for financial forecasting?

scubakid 4y ago

I've been shown a couple tools geared for startups that some of my users had been playing around with, but those didn't look modern or nuanced enough to me. I haven't done a formal search though, so perhaps there are good things out there I'm not aware of. Eventually, I'd like to add better support for business use cases to ProjectionLab; in some ways, it's already close, but I'll need to carefully think through a few things like more granular event timing/scheduling and short/near-term views.

tnorthcutt 4y ago

https://usesummit.com/ https://usesummit.com/

scubakid 4y ago
Visual editor seems pretty cool. Can summit do probabilistic things like monte carlo simulation as well, or is it scoped to deterministic projection?
- wensing 4y ago
  Creator here. You can use fuzzy numbers to get varied output, and if you want to do MC you can use the API into your model to call it with whatever distributions you want and aggregate the output. But no, our UI doesn’t natively support doing a MC sim because the demand is frankly less than you’d expect. :)

michaelsalim 4y ago

What kind of forecasting are you looking for? I'm searching for something similar to calculate profits & planning expenses over time. If I can't find something that works, this might be something I'm considering to build myself.

mnembrini 4y ago

This seems exactly what you are looking for https://www.causal.app/ https://www.causal.app/

danielvaughn 4y ago
After looking through their landing page, I totally agree, this looks perfect. Thank you!

telesilla 4y ago

Causal, Pry, Finmark etc are good tools. Costs can vary, you'll need to be clear about your specific goals to stay price effective.

conductr 4y ago

I’ve used a lot of financial forecasting software from Oracle/SAP to SaaS to all the startups. I do implementations and day to day CFO empowerment. The new kid on the block I like is cubesoftware.com . It’s priced rather affordably for a small business but maybe not a solo sized one