SurvivalWare 2014 Officially Released

SurvivalWare 2014 Released

The customer notifications just started going out last week, and finally we can announce the new version is available to everyone!

There are two versions:

  • SurvivalWare Simple  at $495 is for those who need to analyze a single company, using either a simple or sophisticated financial model.  We think this version will appeal to business owners, entrepreneurs, and their financial helpers such as bookkeepers, accountants, and consultants.
  • SurvivalWare Pro at $895 is for those who need to analyze multiple locations or companies, or developers of custom financial models and reporting systems.  SurvivalWare Pro is great for franchisors with hundreds of franchisees to analyze in a common format, larger enterprises looking for cost-effective reporting solutions, and entrepreneur-developers who want to provide services to these enterprises, or run their own Profit Improvement Groups.

What’s New – SurvivalWare Simple

Two Models Included – Simple and Fort Knox

SurvivalWare at its core is a financial modeling tool.   The Fort Knox model is a sophisticated corporate planning model developed over many years.  It allows for 10 product lines, 50 or 60 operating expense lines, and flexible projection methods for working capital so that you can hardwire assumptions, or use a Days of Sales as a forecasting technique.  It also has the ability to fund cash  shortfalls with a credit line.

The Simple model strives for simplicity above all else.  There is just one revenue category, and 15 operating expense lines.  Mapping and loading data goes a lot faster.  There are fewer tabs to choose from in the DataViewer, and the number of reports available is about a third of what comes with the Fort Knox model.   The Simple model still does a complete Income Statement, Balance Sheet, and Cash Flow projection – it just uses fewer lines to do it in.  A side benefit to the simplicity is that the complete set of formulas for the Simple model can be exported to a spreadsheet, not just the data.

Cash Flow Focus Report

Cash Flow Focus

Philip Campbell came up with the idea about a year ago, and we collaborated on implementing the feature in SurvivalWare.  The concept is to calculatet the Top 3 Cash Flow items each month, and present them in order of importance (i.e ranked by magnitude) along with an “All Other” category.  The idea is to focus your attention on the top 3,  so that you can explain what happened to the cash last month (or last quarter, last year) in a two minute conversation with a spouse or business partner.

Cash Flow Focus Report

 

 

 

 

 

 

The Cash Flow Focus Report is available as a formal report, or as a special view (with graphing, drilldown capabilities) in the DataViewer and Projection Modules.

 

Formula Bar

We added a formula bar to show you how each row in the model is calculated in plain English.  

Formula Bar - History

 

 

 

 

 

 

 

Even better,  if a variable is calculated differently for Projected months vs. Historical months,  you see a different formula based on the focus cell.

Formula Bar - Projection

 

 

 

 

 

 

 

And if you have used the Forecast Tool to forecast a key assumption, the Forecast Technique is displayed in the Formula Bar.

Formula Bar - Forecast Technique

 

 

 

 

 

 

 

Notes

You can enter text and associate it with a specific row and time period.  The notes appear in a Notes box at the bottom of the screen as you click on any cell.

 

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Entering a Note:

 

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They also appear on printed reports in two different formats:  the Actual vs. Budget Reports show the notes on the same line as each item on the report.

 

 

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You also have the option to display the text as footnotes at the end of each page, just by clicking on the “Display Notes” check box on the report screen.

 

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Notes are also displayed on the Trend Graphs if any of the time periods covered by the graph have notes associated with them.

 

 

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Disposable Spreadsheets with formulas

This cool new feature is available for the Simple Model only.  The template for the Fort Knox Model is under construction.

 

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It warns you it’s going to take a long time.

 

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It seems to take Forever!

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This is what the spreadsheet looks like in Excel:

 

 

 

 

 

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Row Mapping Improvements (and dozens of minor improvements)

Real Quick, some of the more notable ones:

  • Row Mapping Tool
    •  “omitted only” view helps your troubleshoot mapping errors.
    • ability to set flex names for the model rows during the mapping process.  Just “right-mouseclick” on the mapped-to row and type in a new nam
    • ability to deal with duplicate account numbers (but different descriptions) when mapping financial statements originating from accounting systems other than QuickBooks.  SurvivalWare really shines at importing data from weird formats produced by niche accounting software.
  • ZIP Files – the Simple Model and Fort Knox Model now create a single zip file with all relevant company files in one place – including row maps and imported financial statements.  This makes it easy to send SurvivalWare data from one person to another.  The zip files are typically 3 or 4 MB or less in size, and can be sent easily as email attachments.  Note: the AlphaGraphics Model has been doing this for years.

 

What’s New in SurvivalWare Pro

Coming soon… in Part 2 of “SurvivalWare 2014 Officially Released”

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The Power Menu

 

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