Woven Advice has launched a revenue projection tool to help advice firm owners and buyers model growth and show value.
The tool is part of Woven’s analytics suite and uses live practice management data so firms can adjust things like average client size and new client onboarding to see the effect on revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA).
Factors like assets under management (AUM) and operating costs can also be changed to model different scenarios.
Nicky Sevel (pictured), CEO and co-founder at Woven Advice, said: “We exist to give advice firms clarity so that they can make better decisions – and the revenue projection feature is about giving business owners the insight they need to make those strategic decisions – whether that be positioning your firm for sale or building towards future growth.
“The ability to take integrated data from multiple sources, track and model various scenarios to evidence your trajectory is absolutely critical.”
Andrew Elson, managing director at Berry & Oak, said: “It’s rare to see feedback turn so quickly into such a powerful solution – and Woven have achieved exactly that.
“I’m used to tools that model client data, but this one models the advice firm itself.
“For my business, we can now live-track using integrated data, taking our modelling far beyond spreadsheets and making it more usable, reliable and secure.”
Martyn Laverick, merger and acquisition specialist at Catalyst Partners, said: “Data quality and growth potential are make-or-break in the current market. “Whether you’re showing buyers your value and potential value, or rallying your team around a growth plan, this tool gives you a crystal-clear picture of what’s possible.
“With 20% of firms gearing up to exit, firms that can show robust forecasts are the ones commanding attention and premium valuations.”
