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Corpfin.Net, Inc. announces the availability of its web site, http://www.corpfin.net, which provides start-up, small and middle-market businesses with web-based, interactive, easy-to-use business financial forecasting, valuation and analysis software. The only assets needed to run Corpfin.Net software are an Internet connection and a web browser.
The Corpfin.Net software, which resides on a secure server, eliminates most of the accounting and programming drudgery associated with business financial planning. Accordingly, the site is appropriate for use by business people who may or may not have training in accounting and finance theory, and spreadsheet applications.
The various forecasting models are designed so that all processes are accomplished by recording reasonable, pretty much non-technical assumptions about the future. For example, after a user (e.g., company owner or manager; potential acquirer of the business; bank lender; etc.) enters a company's historical income statement and balance sheet data, the software automatically generates a first draft of a comprehensive five-year forecast for the company. The user may then make forecast revisions, instantaneously, by changing the first draft assumptions (e.g., percent change in year-to-year sales, gross margin percent, etc.) and saving the revised assumption set. The completed multi-year financial forecast, plus two additional assumptions, are all that is necessary to create a first draft of a comprehensive Leverage Buy Out (LBO) valuation of the company.
Corpfin.Net software allows users to exchange versions of forecasts with each other on the secure server. Exchanges include interactive and read-only (PDF) versions. The ease of exchange and the use of an identical forecast platform allow discussions and negotiations between users (e.g., a business and its bank) to be focused immediately on important business issues rather than on a time-consuming reconciliation of their incompatible (expertise and content) forecast models.
Corpfin.Net forecast software is usable by both existing businesses and new business startups. Current models for existing businesses include:
Five-year financial forecasts and analyses by year.
LBO valuation of the users' businesses or acquisition candidates.
Public company analysis model. Corpfin.Net provides the historical financial data of the public companies.
Corpfin.Net's model for new business startups allows users (by selecting the four digit Standard Industrial Classification (SIC) code of the startup business) to create five-year financial forecasts for their startup businesses using extracts of Robert Morris Associates (RMA) industry statistics.