Financial Modeling Tools

Financial modelingis an integral part of the investment process. Therefore, understanding the tools available is crucial for a modeler's success.

Finance professionals rely heavily on their robust knowledge of businesses and accounting. However, they tend to use only a few tools to get the job done. These include Excel, different programming languages, and various other applications that assist them in analyzing and processing data to value companies.

得知金融专业人士在working with financial modeling，特别是考虑到它们需要分析的数据的数量和复杂性。但是，事实是 - 关于财务原则的知识和理解如何解释企业数字比拥有大量工具可以使用更重要。

That being said, it is essential to understand the available tools thoroughly, as the few that are used are used very extensively.

Below we outline the tools that are used and what they are used for.

Excel

Even though there are four types of tools listed in this article, the vast majority of modeling is done on Excel.

Excel is a powerful tool, especially in the world of finance. It allows you to build a model from scratch or use templates from earlier, which saves time. This means that finance professionals can apply whatever format, structure, organization, or customization they prefer for their model. The best part is that they can then use the same settings, which is especially helpful when most transactions fall into certain buckets that require the same structure. The flexibility that Excel provides, along with its simplicity, is what makes it the most used tool among financial modelers.

Building a model from scratch also has other advantages. Many prefer building a model from scratch rather than using pre-programmed tools because the latter tend to be very rigid and unsuitable except across a very narrow use case.

Filling out all the company information in Excel can be a tedious process. However, it forces professionals to scrutinize the numbers and better understand the business (less autopilot work).

Accounting primarily involves the organization of information, something that Excel excels at.

Excel还为用户带来了许多预编程的快捷方式和公式的好处。Excel提供的这些公式和快捷方式在金融中是无价的。它们对于财务建模是无价的，在许多情况下，建模更快。此外，如果正确实施，他们将需要更少的精力来产生所需的结果。

Its price and universal usage are other reasons it is so commonly used. Excel is not prohibitively expensive and is accessible to most people. This makes it an ideal tool for many businesses and individuals. Its universal usage also cements its standing in the finance industry as everyone knows (or should know) how to use it.

改变到另一个程序可能会公关ohibitively expensive for companies. In addition, they would likely need to train employees to use it, which is unlikely to happen in the fast world of finance.

另一个原因是，由于大多数公司已经使用了Excel，因此很难在跨公司（尤其是客户）进行协作，这使得整个过程变得更加困难。

它的通用使用和低成本的访问费用意味着许多免费和付费资源可以在线学习用于Learning Excel。manbetx3.0手机客户端这以模板的形式出现Excel shortcuts, tips, and more.

编程语言

尽管Excel可能是财务建模工具的国王，但经常使用编程语言，这是雇主​​在财务中寻找的技能，尤其是在角色中需要深入的定量分析.

The most commonly used languages for financial modeling includeSQLandPython.

SQLis a language that is particularly suited for storing and retrieving data using organized databases. In addition, it is used for data retrieval and some data analysis. It is beneficial when working with large amounts of raw data as Excel is significantly slower with large amounts of data.

Python是金融内外的普遍编程语言。这是因为它是最容易学习的语言之一，并且是为全面功能而设计的。它也是一种非常简洁的语言，使其成为一种非常有效的语言，并且完成所需功能所需的几乎不需要的代码。

Other Financial Modeling Software

除了Excel和编程语言外，还为财务建模开发了许多工具。不幸的是，这些软件在market share of Excel以及其他编码平台，尽管它们仍然相当罕见。下面我们概述了两家流行的财务建模软件公司。

Quantrix

Quantrix Modeler是Quantrix的流行财务建模软件，为金融建模者提供了几种有用的工具。它被数千家公司使用，与Excel相比，公式减少了95％，报告的电子表格错误零。

这是类似于Excel的电子表格产品Excel skillsto a program that is easier to use. This product attempts to give users the same flexibility and broad usage that Excel currently offers, but with fewer formulas and a better user interface. Its key advantage, compared to Excel, is that it is built for financial modelers and hence is faster and better at financial modeling.

Maplesoft

Maplesoftis a company that provides programs for financial modeling, statistical modeling, and time series analysis. They also offer tools foroptionpricing, which includes Brownian motion graphing for the Black-Scholes method and lattice methods.

他们还具有创建和运行蒙特卡洛模拟的工具。最后，他们还提供了图形的工具yield curvesunder several different assumptions.

In addition, it has tools for pricingbonds多种多样优惠券比例types. Overall, they provide tools that can be used for many different purposes, some of which can be used to make financial modeling considerably easier.

More about financial modeling

To continue learning and advancing your career, check out these additional helpful WSO resources:

• 什么是财务建模？
• Financial Modeling Best Practices
• What Makes a Good Financial Model?
• Top Financial Modeling Courses
• Excel中的估值建模