ValQ wins Financial Modelling Innovation Awards 2020
The Financial Modelling Summit, organized with the theme “Financial Modelling in Uncertain Times”, saw the largest virtual gathering of financial modelling experts and practitioners from around the world. The event witnessed exciting innovations in the field of financial modelling, out of which ValQ for Modern Visual Planning as adjudged the overall winner for the year 2020.
Watch the announcement highlights video here. It explains why the Overall Winner award of the Financial Modelling Innovation Awards 2020
Download the 2020 Financial Modelling Innovation report. The report includes detailed information on all the shortlisted nominations.
Excerpts from the Innovation Report on ValQ:
ValQ for Modern Visual Planning solves financial modelling challenges through a user-centric approach
PROBLEM Ease of Use: Mobile phones, data visualization software, web applications – all have witnessed a significant leap in user experience & visualization. But Financial Modeling, Planning & Forecasting have stayed behind in the (tabular) past. The models are neither visual nor intuitive. Complexity: Capabilities such as scenario creation & comparison, impact/attribution analysis, sensitivity analysis, variance analysis, etc. are timeconsuming. Collaboration: Communication, collaboration & interpretation (by others) is a challenge. Productivity & Speed: Executives just can’t use models built by others to run simulations & evaluate scenarios on their own; As a result, decision-making requires time & several iterations
SOLUTION Visual & Intuitive: ValQ brings your models to life through a visual & highly interactive, standardized interface. Build models intuitively without writing any code; Explore, navigate & simulate models through click-and-expand, pinch-and-zoom, and click-and-drag gestures. Instant & Agile: Simulate changes & visualize the impact instantly; Create and compare multiple scenarios in seconds; Leverage out-ofthe-box capabilities for variance analysis, sensitivity analysis, and attribution analysis. ValQ simultaneously supports bottom-up forecasting & top-down allocations (through an intelligent planning grid). Collaboration: Utilize commenting, collaboration and audit features; Speed of Decision-Making: Executives can finally consume models built by others with minimal assistance.
ValQ has identified a gap in the financial modelling industry where it’s clear a large investment by those involved has resulted in a very professionally presented product which has great potential for the financial modelling industry.
The judges saw the product as reaching a wideranging audience, and being an excellent use case for PowerBI without a need for complicated data expressions. Being focused on both analytics and financial modelling as an innovation, ValQ ticked many of their boxes in how it approaches, simplifies and communicates financial modelling, but from a PowerBI perspective.
Being a PowerApp means it takes the best of PowerBI and allows users to neatly create financial models. It is going to really beef up the financial modelling capabilities of data models. The judges loved the hybrid mind-map and formulaic relationship between branches of ValQ. The demonstration of calculation drivers appealed with an impressive combination of clear visual presentation and powerful analysis, a result of the significant development quality in the product which is apparent.
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