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Model Review and Retrofit

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Model Review and Retrofit

Our model review and retrofit services enhance the quality, reliability, and usability of your existing financial models. As financial modeling consultants, we help clients reduce risk and improve decision-making by upgrading and validating key modelling tools.

1. Model review

We conduct in-depth model reviews to identify technical and logical errors in financial models. Our reviews include checks for formula integrity, calculation consistency, circularity, model flexibility, and output reliability. We deliver a structured findings report with recommendations to strengthen model quality and auditability.

2. Model retrofit

Our team is fully equipped to work with third-party or client-built models. When time or budget constraints make a full rebuild impractical, and the client has confidence in the existing model, we can make the targeted modifications within the current model framework. We typically begin with a detailed model review and then advise whether the requested changes can be implemented effectively within the existing model or if a rebuild is more appropriate to ensure long-term robustness and usability.

FAQ

Model Review and Retrofit

How is a model review different from a model audit?
A model review is an internal quality check where we assess the structural, logical, and technical integrity of your model. It focuses on identifying formula errors, inconsistencies, and best practice violations. Unlike a formal model audit, our review does not include certification or sign-off, it's meant to enhance internal reliability and usability.
How long does a typical review or retrofit take?
A standard review takes 3–5 business days. Retrofit timelines depend on model complexity and scope but usually range between 1 to 3 weeks.
When should I consider a model retrofit vs a rebuild?
If your model has a sound base but needs structural improvements or new calculations, a retrofit is ideal. For poorly structured models, a rebuild is often more efficient.
Do you provide a findings report after the review?
Yes. We provide a detailed summary of all issues found and recommended actions to bring your model up to best-practice standards.
What types of models do you typically review or retrofit?
We review and retrofit a wide range of financial models including 3-statement models, project finance models, real estate development models, fund models, and corporate transaction models.
Do you fix the issues identified during the review?
Absolutely. Once we have completed the review, we can implement the fixes for you.