KNIME for CFOs
Make your calculations auditable in a visual way
We don’t doubt a CFO’s skills to calculate the various flavours of the Internal Rate of Return (IRR). But have you ever wondered why non-financial specialists who happen to be the sponsors of one or more projects react when they see their project rejected? If you want to make sure they trust your calculations, a KNIME workflow is a far better communication platform than a spreadsheet. Even if you spend hours documenting it, protecting calculation fields from unwanted alterations and visualising the results, your efforts dwindle compared to the clear and transparent calculation flow of this KNIME workflow.
Contact us if you want a sample of this workflow on your PC. Free of charge of course!
A standard IRR analysis, adapted for a shop
First and foremost, KNIME’s intuitive graphical workflow builder enables accountants, comptrollers, CFOs and other financial specialists to model cash flows, analyse income statements, detect fraudulent operations, analyse assets etc…
About the workflow
The Internal Rate of Return (IRR) calculates the rate of return when the Net Present Value of all cash flows is equalling zero.
The Modified Internal Rate of Return (MIRR) also calculates the rate of return but considers the finance rate and reinvestment rate.
The Extended Internal Rate of Return (XIRR) calculates the rate of return at a specific date for random investments.
Let's check the options
Get in touch so we can see if there is a business case for your organisation
Or start downloading the KNIME Analytics Platform for € zero (0) via this link.