I was a user of Castaway for over three years in my former role as Manager in an Accounting Practice. Our clients found this to be an invaluable tool for decision making and financial institutions were always impressed when presenting the 3-way forecast as part of Finance Applications.

Upon commencing a new role as CFO of Dr+Group, the introduction and implementation of Castaway was a priority for the Board who agreed that this would be a vital tool when reporting on the financial performance of operations and developing business strategy going forward. The software has been easily adopted by other members of our Finance team due to the ease of use, the transparency and simplicity of the software.

As a fast-growing business, it’s essential I keep a close eye on cashflow. Being seasonal in nature that’s not easy without software with some “smarts” built-in. With Castaway, I have a living, breathing model of my business that I can easily adjust as business conditions change. I don’t need to manually enter reams of data as Castaway can reference historical results and adjust up or down based on formulas we’ve implemented.

With Castaway, I can see the future and the ability to easily forecast cash at the bank on a monthly basis for 12 or 18 months ahead is brilliant. 

Our Company has been budgeting and cashflow modelling in Excel for many years and developed a sophisticated financial model. However, budgeting became a nightmare for our finance team as the Excel-based model became too complicated and never balanced when we consolidated the various entities in our Group.

We switched to Castaway as it was easy to use and enabled us to run various “what-if” scenarios with middle management in a format they could understand. We no longer have broken links and budgeting is now a much more productive exercise. I recommend Castaway to anyone who wants to make budgeting simple and clear to all involved.