Openbox | A matter of perspective

blue and green futuristic image to portray data and AI machine brain

When we started building Openbox, we thought we were building a tool to create spreadsheet models. But as anyone who has started a business will tell you, customers and the market have a way of surprising you with what they really want! And one thing they want is help understanding what their model is doing. […]

The UK Mini-budget

autumn statement 2022

The UK Chancellor of the Exchequer, Kwasi Kwarteng, delivered his Mini-budget on 23 September 2022. The full suite of documents can be found here. The proposed tax measures of particular interest to companies involved in the project finance arena are discussed below. Corporation tax rate rise scrapped ‘The planned increase of the main corporation tax rate […]

What is a model audit?

financial model audit

What is a Model Audit? In simple terms, a model audit is a review of a financial model, generally completed by an independent third party to help minimise the risk of error. Model audits are typically (but not exclusively) undertaken in relation to financial models which have been developed to support large transactions, where a […]

What is a Three Statement Model?

income statement

A Three statement model is a basic setup for financial modelling. This type of model includes three different statements: Income statement Balance sheet Cash flow These are all linked with Excel formulas. The objective is to set it up so all the accounts are connected and a set of assumptions can drive changes in the […]

Ofwat builds its official price control model using Openbox

ofwat financial software

Earlier today, the UK water regulator Ofwat published its draft price control model for PR24. You can view the full model for yourself here, and the full consultation is also available here. Ofwat developed the model using the Openbox financial model build software. The Ofwat model deals with complex and important issues, and so it […]

Financial Model Build: The Joy of Specialisation

specialisation

You can pick any industry these days and the chances are that there’s a lot of disruption happening right now. New technology, changing viewpoints & processes, and evolving economic factors are all playing a part. “When you take a look at the Fortune 1000 over the last 40 years, starting from 1973 you see that […]