Create a model
Use a Model for your company’s long range financial planning, fundraise, or department-level budgeting. A Model aggregates expenses / income and displays the data as tables and charts alongside key program and project milestones.
Use the Create button from the top menu bar to create a new Model
Add Sources via the “Sources” tab on the left sidebar
Use the … menu in the top-right to update the permissions of the Model as necessary
Add model sources
A Model aggregates its financial data and timelines from Sources. A source can be a budget, program, or project.
For example, for an upcoming fundraise, you might add the following sources to a model to understand how much money you need to raise to extend your runway until IND.
Source | Description |
Investments (Budget) | Prior funding rounds, grants, or other sources of cash |
Personnel (Budget) | Salaries for FTEs and consultants |
G&A (Budget) | Expenses related to facilities, IT, or other misc. items |
ORCH-001 (Program) | Program-related expenses |
ORCH-002 (Program) | Program-related expenses |
Visualize model data
The Table tab provides a grid display of the Model data. This enables you to drill down into categories of expenses to easily view where certain costs or payments are coming from.
Use the toolbar at the top to adjust settings, such as changing the time interval, grouping, or filters
Drill down into each category by expanding the rows
The Charts tab displays important model metrics and charts, including information about cash out date and monthly burn. Program timelines are also shown alongside financial data to highlight key program milestones in relation to key funding events.
Use the … menu at the top right of a chart to adjust its settings
Click “Add chart” to add a chart
Create model scenarios
Use a Model scenario to plan different combinations of source scenarios.
This makes it easy to understand, for example, how much the “Phase I delay” scenario for Program 004 might impact your runway, and whether toggling on the “Funding extension round” scenario for the Funding budget might help.
Compare the scenario to the base case of using all of the Model’s source’s base cases.
Click Add scenario at the top
On the Sources tab, click on the dropdown next to the source name to pick a scenario for the source
The other tabs will show the Model’s scenario data. The Scenario tab includes comparisons between the scenario and the base case.