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MODLR

MODLR

4.8 (5)

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"MODLR cut down 25% of my workload and save my team weeks of"

5.0

Verified Reviewer - Financial AnalystAugust 16, 2019

USER REVIEW
"MODLR cut down 25% of my workload and save my team weeks of work for our AY 2019 Budgeting Cycle"
Verified Reviewer
Financial Analyst
Financial Services, 11-50 employees
Time Using the Software: Less than 6 months
Overall Rating
5.0 (5)
Pros: I was initially hesitant about using MODLR as it was one of those solutions "pushed" to us by the management. We were using Excel to consolidate company-wide budgets previously and although there were some issues with Excel, most of us were comfortable with using Excel. However after using MODLR, I am amazed with it and wonder why we didn't discover it earlier. With MODLR, I was able to consolidate all my budget entries in just one place. Their interface, although being in a browser, is very similar to Excel so it was easy for me to get started. The figures are stored in real time and instead of attaching Excel to emails and renaming them after different versions, my colleagues and I just use the audit-reporting functionality to find out when a budget has been changed and who changed it. There is more accountability in the entire process now; we spend less time sending email and figuring who change what, and more time working on the budget. I can easily drill up my financial data and get a cross section of the budget without much effort compared to setting up pivot tables on Excel every time we have a new budgeting category. This has saved us weeks of work during the annual budgeting process, saving us considerable amounts of money down the line.
Cons: It would be great to have a live chat within the application so my colleagues and I can interact while making changes to the application. We use Skype for Business for now and that's fine but it will be wonderful if everything is combined together so we don't have to remember what apps to use.
Switched From: Microsoft Excel
Reasons for Switching to MODLR: Management push for change
Reviewer Source
Source: Capterra
August 16, 2019

STARTING PRICE

$30

per month
per user

Free Trial
Available

What is MODLR?

MODLR enables agile enterprise-wide collaboration and provides an evolving range of solutions to improve integral business processes. Each solution can be customised and tailored to the preferences of individual companies. 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 Overview

Provider

MODLR

Located In

AUSTRALIA

Foundation

2014

Deployment

Cloud, SaaS, Web-Based

Training

Live Online, Documentation, In Person, Videos

Support

Chat, FAQs/Forum, Email/Help Desk, Knowledge Base

Who uses MODLR?

MODLR streamlines budgeting, forecasting and reporting for Finance teams. From Venture Capitals to large-scale Organisations, our Cloud Platform scales to your business needs.

Content Source: MODLR

Integration Ecosystem

Google Analytics 360 logo
Google Analytics 360
Jira logo
Jira
Mailchimp logo
Mailchimp
Microsoft SQL Server logo
Microsoft SQL Server
MySQL logo
MySQL
+ 11
Flexible dashboarding interface
Product planning solution
Scenario planning solution
Profit and loss model
Welcome screen dashboard

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How much is MODLR?

Starting From:
$30 Per Month
Pricing Model: Per User
  • Yes, has free trial
  • Yes, has free version
Pricing Details (Provided by Vendor):
Pricing is based on Users + Instances. First user is free.

MODLR Features

What solutions does MODLR provide?

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MODLR Reviews

Showing all 5 reviews
Overall
4.8
Ease of Use
4.8
Customer Service
4.6

Most Helpful Reviews for MODLR

Verified Reviewer
Financial Analyst
Financial Services, 11-50 employees
Used the software for: Less than 6 months
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
August 16, 2019
"MODLR cut down 25% of my workload and save my team weeks of work for our AY 2019 Budgeting Cycle"
Pros: I was initially hesitant about using MODLR as it was one of those solutions "pushed" to us by the management. We were using Excel to consolidate company-wide budgets previously and although there were some issues with Excel, most of us were comfortable with using Excel. However after using MODLR, I am amazed with it and wonder why we didn't discover it earlier. With MODLR, I was able to consolidate all my budget entries in just one place. Their interface, although being in a browser, is very similar to Excel so it was easy for me to get started. The figures are stored in real time and instead of attaching Excel to emails and renaming them after different versions, my colleagues and I just use the audit-reporting functionality to find out when a budget has been changed and who changed it. There is more accountability in the entire process now; we spend less time sending email and figuring who change what, and more time working on the budget. I can easily drill up my financial data and get a cross section of the budget without much effort compared to setting up pivot tables on Excel every time we have a new budgeting category. This has saved us weeks of work during the annual budgeting process, saving us considerable amounts of money down the line.
Cons: It would be great to have a live chat within the application so my colleagues and I can interact while making changes to the application. We use Skype for Business for now and that's fine but it will be wonderful if everything is combined together so we don't have to remember what apps to use.
Switched From: Microsoft Excel
Reasons for Switching to MODLR: Management push for change
Chris K.
Managing Director
Information Technology and Services, 11-50 employees
Used the software for: 2+ years
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
July 29, 2019
"We found MODLR to be the superior Corporate Performance Management solution for us and our clients"
Overall: MODLR allows us to integrate core organisational operations and financial data in one location, and easily integrate this information to help drive better business decision-making. With a tightly integrated suite of reporting, collaborative planning, and scenario modelling capabilities, we can get our clients' teams working together more effectively than ever before. Spreadsheets that were manual and error-prone can be digitised and automated, freeing up resources for value added activities and creating better accuracy and confidence in decision-making. We can use MODLR to power our client's financial and operational reporting, run scenarios, collaborate on models, and even create mobile applications for everyone from the CEO to the facility line manager. It is truly world-class software for solving business problems.
Pros: Having worked extensively in implementing, customizing, and optimizing corporate performance management solutions in industries including financial services, freight and logistics, and retail we had an extensive checklist of requirements for our solution of choice. MODLR surpassed all of our expectations. Easy to implement and customize, scalable, powerful, with excellent customer support, MODLR is our go-to software for performance management engagement.
Cons: User onboarding flow could be improved, but tutorials have been getting much better over the last year
Reasons for Choosing MODLR: Superior software solution, far superior integration of reporting/planning/forecasting, scalability, performance, pricing considerations, flexibility to our business processes, customer support
Reasons for Switching to MODLR: Ease of use, ease of change, scalability, pricing considerations
Verified Reviewer
Finance Controller
Financial Services, 51-200 employees
Used the software for: 6-12 months
Overall Rating
4.0
Ease of Use
5.0
Customer Service
4.0
Features
4.0
Value for Money
4.0
Likelihood to Recommend
8/10
Reviewer Source
Source: Capterra
September 1, 2019
"Reducing effort in budgeting cycle"
Pros: Our finance team previously developed annual budgets on static excel sheets that are manually exhaustive to both input and aggregate. MODLR has been used to automate data input and consolidation of company-wide budgets in real-time, saving us significant work effort during the annual budgeting process, and saving us considerable amounts of money. The audit-reporting functionality also enables us to track budget changes and identifies which employee has changed it, as well as automatic backups have kept our excel workbooks secure.
Cons: The community pool of open developers is in its infancy and quite hard to find support outside of MODLR. We are hopeful and expecting this to change going forward
Verified Reviewer
Consultant
Management Consulting, 11-50 employees
Used the software for: 2+ years
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
September 4, 2019
"Seamless Integration"
Pros: We've used MODLR internally and with our clients across a number of use cases (eg. annual budgeting, forecasting, cashflow planning). Transferring our Excel sheets into MODLR was very straightforward, and the drill-down functionality has allowed us to increase our accuracy tenfold since we started using the platform, as it gives us a view on our budgets / forecasts at the most granular level. The platform has been invaluable in enabling us to more accurately track our company's KPIs and overall performance, at a much lower cost than other competing software.
Cons: Adjusting to using cubes instead of spreadsheets takes time - similar to working in pivot tables using formulas
Verified Reviewer
Head of finance
Apparel & Fashion, 1,001-5,000 employees
Used the software for: Less than 6 months
Overall Rating
5.0
Ease of Use
4.0
Customer Service
4.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
9/10
Reviewer Source
Source: Capterra
September 1, 2019
"Saves time and works seamless with our other systems "
Pros: We decided to try out using MODLR for annual budgeting & forecasting as we have been struggling with our excel based process for some time. The process of migrating from Excel workbooks to MODLR has been very smooth, and since using the platform we've been able to increase accuracy incredibly through the use of the drill-down functionality, enabling us to look at our budgets and forecasts at the most granular of levels. It has proved to be a great tool over the last few months with the overall performance being outstanding. Cost wise it is also comes in at a lower cost than competing software on the market.
Cons: Took my team and I some time to get used to working with cubes versus spreadsheets. Although it is very intuitive. Its kind of like working exclusively in pivot tables but with formulas.