New: Direct Revenue Model
Jirav already lets you create pretty sophisticated bottom-up revenue models including products, custom revenue recognition, churn / upgrade / downgrade conversions, expansions, sales quotas etc. But sometimes we need to make simpler assumptions directly on revenue, especially for cash-based models and Jirav now lets you do that.
In the examples above:
- ROAS (Return on Ad Spend) assumes we get $20 in revenue for every $1 we spend on advertising.
- Organic Growth assumes our revenue grows by 10% every month
- Here we assume that 5% of subscription revenue also drives setup revenue
- Here we assume a 10% discount on all subscription revenue and track it as a negative contra revenue account.
With this, it becomes even faster to create a pretty sophisticated model right away. We can always re-factor these assumptions in the future and create a more sophisticated bottom-up build of this revenue without having to rewire anything else anywhere.
About Jirav
Jirav delivers smarter financials and faster insights, helping you understand where your business has been and forecast where it’s going. Our all-in-one budgeting, forecasting, reporting, and dashboarding solution offers faster implementation and a more intuitive interface allowing finance leaders to build financial models in hours, not days, and generate financial reports in minutes, not hours.
