Dryrun gives you the ability to quickly model out a change, right from the Scenario you are currently working on. Perhaps you want to see how a one time large purchase affects your bottom line, or maybe you wish to see compound growth in your sales pipeline by a percentage.
For example, by using the compound growth feature you can create a Scenario with a baseline revenue goal, and then model out how your business would grow with hiring a new sales person who would deliver a 10% monthly increase in your sales.
Quick Model adjustments can be added to the main sections of 'Recurring,' 'Payables,' 'Receivables' and 'Total' when you are viewing your forecast in Monthly view.
When you hover over a section title, a '+/-' icon will appear. Click on the icon to access Quick Model for that section.
The modal window that appears will let you assign a value and select either % or currency amount.
Now, you can enter the amount you want to add or take away from the section.
The percentage option can help you evaluate things like growth figures. ie. 'What if we could grow our sales in May by 5% over what we currently have in receivables?
In this example, 5% has been added to the Receivables from May. That additional amount is reflected in the Month End tally as well.
The second option is to use Quick model to see what happens when there is a large inflow or outflow of money.
For instance, 'what if purchase a $15,000 piece of equipment in June?' We model that out by adding a $15,000 item to Payables. The handy thing with Quick Model is that you don't need to add a specific item into your forecast, but can see this Quick Model figure outside of your 'real' data and remove it once you've tested your assumption.
One other really cool feature is the 'Compound Monthly' toggle switch. The big difference here is that when you add a figure you can compound the value rather than simply repeating it.
1. Basic Repeating item of $1,000
In this case the item repeats monthly at $1,000 each month so at the end of August we have a total of $5,000. 5 months x $1,000.
2. Compounding an additional $1,000 each month
An additional the $1,000 has been added via Quick Model with the compound feature turned on. Now the item that repeats monthly at $1,000 has an additional $1,000 added each month, so Payables at the end of August, Payables have grown to -$6,000 rather than a repeating $1,000.
3. Compound growth of 5% added to Receivables
Our receivables start at $1,000 per month. When a 10% compounding figure is added to the amount, we can explore how it would look if we could grow our sales month over month by 10%. So, by the end of August our receivables is up to $1,540.
Quick Model can be a handy feature to evaluate an assumption in just a couple of clicks through to exploring compound growth in your business.
This is a simple breakdown of how Quick Modelling can help your business if you would like more information on how to utilize this feature, contact us at firstname.lastname@example.org!