Review on Promoter by Carl Movahed

Name: Promoter
Item: Promoter
Rating: 3

September 12, 2022

Promoter’s Project Finance Modeling Software has helped us avoid many of the pitfalls associated with using spreadsheets.

Using Promoter’s Project Finance Modeling Software has helped us avoid many of the pitfalls associated with using spreadsheets. It helps manage risk, financial analysis, project documentation, and allows for streamlined reporting.
We used to perform a manual analysis using Excel, but found that it was cumbersome and time consuming to do so. Promoter made the modeling software very easy to use, which enabled us to complete the analyses within a reasonable amount of time. With Promoter, the model output is a fully documented report that can be sent to clients, management, and other interested parties.
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Pros

Has saved our company over $10K annually by avoiding common mistakes associated with performing similar analyses manually
Easy to use software to build models
Quick turnaround times

Cons

There is no support provided after the initial purchase
Data is not integrated across other programs or products (i.e., if we wanted to view our model outputs in Microsoft Project we would have to buy another product)
Data only works for one client at a time