3/21/2013 Indianapolis, IN – ProjectionHub is excited to announce the newest version of our financial projection web application, which allows startups and existing businesses to create up to 3 years of financial projections. Now entrepreneurs can avoid complex and time consuming Excel templates and instead quickly create a set of properly formatted financial projections through our web app and then download them as an Excel file to share with potential investors or lenders.
Version 3 of the tool includes a new design of the product, the addition of a sources and uses of funding section for startups, and a new lower level pricing option for startups. Over the last 6 months nearly 1,000 business owners have utilized ProjectionHub to create a financial forecast for their business.
The long term vision for the tool is to utilize the data that can be made available through tools like Quickbooks Online and TurboTax. Based on aggregate data from thousands of businesses we hope to be able to help business owners create more accurate financial projections. For example, you might be working on financial projections for a new restaurant and you project that your cost of goods sold will only be 7%. If the tool accessed data from thousands of other restaurant financials and knew that the average COGS for a restaurant was actually 18%, it could warn the user, in real time, that their projections may be a bit unrealistic. This is just one way that we hope to continue to innovate in the financial projection space for small businesses.
So check out the newest version of the tool today and get started with your financials.