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MODLR Reviews & Product Details

MODLR Overview

What is MODLR?

MODLR is financial planning and analysis software that enables agile enterprise-wide collaboration and provides an evolving range of solutions to improve integral business processes. With the ability to streamline reporting, forecasting, budgeting and more, MODLR's aim is to make financial planning as simple and efficient as possible.

MODLR Details
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Product Description

MODLR is business modelling and collaborative planning software that provides everything needed to enable a connected financial planning process.


Seller Details
Seller
MODLR
Year Founded
2015
HQ Location
Sydney, New South Wales
Twitter
@TeamMODLR
315 Twitter followers
LinkedIn® Page
www.linkedin.com
11 employees on LinkedIn®

Ben H.
BH
Overview Provided by:
Chief executive officer

Recent MODLR Reviews

SM
Stephen M.Mid-Market (51-1000 emp.)
5.0 out of 5
"Highly customisable, intuitive reporting and planning"
Modlr is user-friendly, highly customisable and reasonable intuitive. If you've used a system like HFM or Essbase, it uses a similar cube logic. ...
John N.
JN
John N.Mid-Market (51-1000 emp.)
5.0 out of 5
"Experience working with Modlr"
Processing capacity and end-user functionality have allowed our business to deliver actionable insights for different departments beyond our normal...
SM
Sarah M.Small-Business (50 or fewer emp.)
5.0 out of 5
"Great Product"
Modlr has integrated easily with our current financial system (Xero), it is user-friendly and easy to navigate. Modlr has helped us become more eff...
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MODLR Media

MODLR Demo - What-If Analysis
Discover the downstream impact of all core business drivers with MODLR's top-down What-if Scenario Planning Solution to ensure you can always bring answers to the table.
MODLR Demo - Natural Language Processing Technology
Natural language processing is breaking down the barriers limiting the ability of the business to make decisions faster using accurate insights. This functionality provides the end-user with the ability to use spoken or written English to produce figures, charts, trends and reports within seconds...
MODLR Demo - Phasing Drivers
Budget flexibly and budget the way you want to with MODLR's customised phasing drivers. Pull trends from other areas of model, use prior-year trends, phase out yearly targets or just enter numbers manually. With MODLR you don't have to choose one system for all your accounts - you pick the one th...
MODLR Demo - Gain full control over your production processes
Gain full confidence in your production processes, with comprehensive knowledge of the impact of changes to scheduled resources, available capacity and process times. Unify your plans and sales targets with one unified CPM solution and use real-time insights to ensure production schedules always ...
MODLR Demo - Create user-friendly dashboards that deliver insight
Combine your financial and operational KPIs with MODLR dashboards to share insights across your team.
MODLR Demo - Excel Integration
By combining enterprise modelling software with Excel Workbooks, MODLR provides a scalable and fully featured collaborative planning environment. See below for an outline of how to get started quickly in developing your reporting and planning solution.
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12 MODLR Reviews

4.9 out of 5
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12 MODLR Reviews
4.9 out of 5
12 MODLR Reviews
4.9 out of 5
G2 reviews are authentic and verified.
SM
Business Finance Director
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about MODLR?

Modlr has integrated easily with our current financial system (Xero), it is user-friendly and easy to navigate. Modlr has helped us become more efficient in divisional and consolidated reporting.

We are still in the initial stages of roll out, but am also looking forward to being able to integrate non-financial KPI’s, and rolling out dashboard reporting. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

The admin/back end of Modlr is a little less intuitive and took some time to get a handle on the cubes, however the Modlr team have assisted this process through training and patience! Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

Divisional reporting and nuances between business units have needed some work to make sure the reporting structure makes sense when it comes to rolling out Modlr reports. Data controls between Xero/MODLR have been solved with fixes put in place to ensure the systems are synced. Benefits have included more reliable and comprehensive reporting which were previously prepared manually. Review collected by and hosted on G2.com.

SM
CFO
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about MODLR?

Modlr is user-friendly, highly customisable and reasonable intuitive. If you've used a system like HFM or Essbase, it uses a similar cube logic.

Customer service is exceptional, the team are experts in the system, quickly and efficiently helping with any request or issue. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

Like any tool that is customisable, time needs to be invested learning about the product and how it can best serve the businesses needs. Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

Integrates seamlessly with accounting packages to suck data into the warehouse where relevant reports can be generated. Our accounting package was unable to give us the reporting we needed, so we turned to MODLR to assist. MODLR has saves us many hours of manual data manipulation. Review collected by and hosted on G2.com.

John N.
JN
Head of Data & Analytics
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about MODLR?

Processing capacity and end-user functionality have allowed our business to deliver actionable insights for different departments beyond our normal scope without requiring additional headcounts. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

Requires time to understand and utilize the capabilities. Review collected by and hosted on G2.com.

Recommendations to others considering MODLR:

Highly recommend Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

Analyzing a large amount of data and challenging the status quo Review collected by and hosted on G2.com.

Verified User in Veterinary
AV
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about MODLR?

It's the version of OLAP planning and reporting products! It's easy to use and the reporting flexibility leaves other products behind. It is getting closer to the pixel perfect reporting that was available in older products like crystal reports etc.

It is a game changer of a product. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

Nothing really as they take feedback onboard and come up with solutions or enhancements to their product. Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

Budgeting and reporting in excel, lock stock and barrel. Looking to transition away from maintaining multiple planning spreadsheets for over 50 users and all the associated challenges this brings.we are looking to shifting away from excel reporting into utilising the Modlr reporting platform. Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about MODLR?

MODLR's interface is very user-friendly, and its integrations with Excel and Netsuite offers a streamlined and integrated planning approach to managing budgeting cycles.

Additionally, MODLR's reporting features and automation capabilities ensure reporting processes are standardised, as well as MODLR's ad-hoc reporting tool provides rapid insights to support strategic decision making.

I'm very impressed with the platform's scalability and performance features - it's been able to scale to millions of data points without affecting performance. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

It took a little while to get used to using cubes in MODLR as I'm from an Excel background, but I felt supported in learning the switch. Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

MODLR  replaced a lot of manual work, streamlining the review and rework of the budgeting, reporting and forecasting processes. Changes and scenario modelling were quick and easy to do systemically rather than updating countless excel spreadsheets which dramatically improved efficiency. Review collected by and hosted on G2.com.

Amin M.
AM
TM1 Practice Lead
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about MODLR?

Very powerful and easy to use. Offers seamless integration with various third-party applications. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

Limited interoperability with Excel and comprehensive technical/user documentation Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

Using Modlr as a platform for financial reporting and consolidation, including budgeting and forecasting for the entire group BUs, spread across the globe Review collected by and hosted on G2.com.

Verified User in Real Estate
AR
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 Gives Campaign
Incentivized Review
What do you like best about MODLR?

Modlr allowed me and my team to bring our feasibility modelling and scenario planning to the next level.

What I really liked about Modlr's features included:

- Being cloud-based meant the team could work concurrently together within models.

- Audit reporting helped us to see who changed what and when.

- Easy and quick to run multiple sensitivity scenarios.

- Affordable pricing. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

Generally Modlr is a great product and we haven't found many elements that we don't like. Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

- Feasibility models

- Cash-flow forecasts

- Sensitivity scenario modelling Review collected by and hosted on G2.com.

Verified User in Utilities
AU
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about MODLR?

Easy integration with our current financial system (Xero). Very user friendly and easy to navigate throughout the platform. MODLR has helped us in many ways with more efficient and reliable reporting. It’s able to store financial data but also non-financial and volume metric data which means the platform is used as the basis for our all reports. We are also in the process of working with MODLR to use their new ‘dashboard’ tool. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

The back end (admin side) of MODLR can be a little hard to understand initially if you're not familiar with formula/coding. The MODLR team have been helpful in working through and helping learn this part of the platform Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

Business structure/complexities with entities upon integration have been solved. Data updates between Xero/MODLR have been solved. Benefits include more accurate and reliable reporting as opposed to preparing manual reports and efficiency. Review collected by and hosted on G2.com.

ML
C
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about MODLR?

We've been using it for modelling our budgeting planning and we're pretty happy how it went. Their support has been pretty impressive and keen on adding functionality that's requested on their forums. Would definitely build more FP&A solutions as well Review collected by and hosted on G2.com.

What do you dislike about MODLR?

A day of learning to how it works with Cubes but this is a learning curve almost any tool has. Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

Planning out our budget for the year and automating it. Month end reporting has become much more efficient. Review collected by and hosted on G2.com.

Verified User in Management Consulting
UM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about MODLR?

We've used MODLR for a number of clients to help with their annual budgeting, forecasting and analytical modelling needs. We have managed to migrate the majority of our repetitive Excel workbooks to MODLR and can't believe how easy it was. For the last couple of months since using the platform it has allowed us to look at our budgets and forecasts at a granular level and work simultaneously without the worry of file errors or version control. It has proved invaluable in tracking our company's KPIs and overall performance!

The price is also a positive being very competitive if not lower than many other similar solutions on the market. Review collected by and hosted on G2.com.

What do you dislike about MODLR?

It takes a few days/week to get used to using the cubes in MODLR, especially when were very excel driven in the past. So there will be a bit of a learning curve, but once you learn the basics (which is very much like working in pivot tables) you will be very happy you did. Review collected by and hosted on G2.com.

Recommendations to others considering MODLR:

Try it! it is free to sign up and you will be thankful you did. Review collected by and hosted on G2.com.

What problems is MODLR solving and how is that benefiting you?

Reduced time to compile financial information.

Improved collaboration as we are not restricted to a single user on a workbook and then consolidating all information afterwards.

Powerful modelling capabilities which are easy to use Review collected by and hosted on G2.com.