Welcome to Whitebirch Software
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A broad spectrum of clients rely on Whitebirch for financial modeling as part of their strategic planning processes:
Are you in the right place? What do we mean by financial modeling?
The term financial modeling software is often used to describe a broad suite of use cases, from accounting software (capturing and organizing the results of historical transactions), to business intelligence software (slicing, dicing, and pivoting historical data to extract information), to budgeting software (rolling-up distributed current-year detailed estimates to create the essentially static document known as the budget), to forecasting software (projecting the detailed budget using relatively simple projection logic). All of these types of software focus on data and therefore are database-oriented.
However, when an institution needs to project financial results into the future, a data-oriented solution is often not apropos. To consider alternative views of the future, formulaic logic is required. Analysts need to be able to model alternative sets of assumptions, consider new operating initiatives, and/or fold capital projects into the projection. No simplistic extension of historical data can capture this level of complexity. No database-oriented software is sufficiently robust to analyze the myriad possibilities that often need to be considered when developing a prospective view of the future.
Most institutions use spreadsheets or forecasting modules (attendant to their database software) to create such prospective views. To be sure, sometimes these spreadsheets and forecasting tools can suffice. If the logic is relatively simple, and the projection logic is easily organized and managed, spreadsheets/bolt-on modules work fine. However, if the model becomes complex, and/or the logic becomes convoluted, and/or the number of assumptions and scenarios grows, spreadsheets/forecasting tools begin to collapse under their own weight or otherwise come up short. Data becomes more difficult to manage. Results become more difficult to present. Changes to scenarios/assumptions/formulas become unwieldy. The opportunity for mistakes grow. In short, the analysis becomes difficult, the chance for error increases, and decision-making therefore suffers.
Spreadsheets and forecasting modules are sometimes the right tools if one needs to develop a simple 50- or 500-line model. However, if your modeling needs are more complex, if the questions you need to answer require more than changes to a few variables, if the logic you employ might change over time, these other solutions come up short. We believe Whitebirch is the only financial modeling platform designed for the sophisticated modeler.
The most powerful financial modeling engine available
Corporate Applications: Operational projections, project finance, capital projects, mergers, acquisitions, divestitures, debt, operating metrics, credit management and ratings analysis.
Higher Education: : Student enrollment, financial aid discount, waivers, and remissions, auxiliary enterprises, gifts, sponsored research, appropriations, investments and endowments, employees, non-personnel expenses, deferred maintenance, debt, operating projects, capital projects, credit management and ratings analysis.
Municipalities:Operational projections, revenue enhancement, work force analysis, retirement/pension liabilities, capital funding evaluation, debt, credit management and ratings analysis.
Utilities: Rates and rate base analysis, capital planning, debt, consent decrees, affordability, internal policy-driven metrics, credit management and ratings analysis.
Transportation: Operational projections, capital planning, debt, internal policy-driven metrics, credit management and ratings analysis.
Independent Schools: Student enrollment, financial aid discount and remissions, gifts, investments and endowments, employees, non-personnel expenses, debt, operating projects, capital projects, credit management and ratings analysis.