ModelUpdater - Frequently Asked Questions
What is ModelUpdater?
ModelUpdater is a powerful Excel plugin designed to instantly and accurately update actuals in financial models.
How do I install ModelUpdater?
Open Microsoft Excel and go to the 'Insert' tab in the ribbon menu.
Click on 'Get Add-ins' and search for 'ModelUpdater'.
Click 'Add' to install the plugin and confirm the installation by clicking 'Continue'.
Verify that ModelUpdater is visible in the Excel ribbon menu.
How does ModelUpdater work?
Open your financial model.
Choose the reporting period (e.g., financial year or quarter) you want to update.
Choose the source company report (e.g., annual report) to use.
Click 'Finish' and your data will automatically update.
Which file types can I upload to ModelUpdater?
You can upload various file types, including Excel files, PowerPoint slides, and other supported formats that contain financial data.
What kind of financial models does ModelUpdater support?
ModelUpdater is designed to work with all financial models.
How does ModelUpdater ensure accuracy in updating data?
ModelUpdater uses a deterministic algorithm to map your data accurately within the model, ensuring accuracy.
Does ModelUpdater use AI?
No, we do not use AI to update your models as it can often be wrong and won’t ensure accuracy.
What are the benefits of using ModelUpdater?
Saves time by automating manual data entry in financial models.
Reduces errors that can occur during manual updates.
Supports a wide range of datasets and file formats.
Easily integrates with existing financial models.
How can I get support?
If you run into any issues or have questions, you can contact our support team at contact@modelupdater.com and we’ll assist you promptly.
Can I use ModelUpdater to update financial models that haven't been used for an extended period of time?
Absolutely, if a model suddenly becomes relevant again, ModelUpdater can revive your financial model and save you the hours of having to update that model with new data.
Is there a trial version of ModelUpdater available?
Yes, we offer a free trial version of ModelUpdater so you can explore its features.
What is the pricing model for ModelUpdater?
Please contact us at contact@modelupdater.com regarding pricing.
