Prague, 30 May 2024 – Ness Czech has introduced Farseer, a cutting-edge financial planning tool designed to revolutionize the way businesses manage their financial processes. This innovative low-code platform simplifies financial planning, offering a modern alternative to traditional methods like Excel, which has long dominated financial modelling.
“Excel has served as the backbone of financial modelling for over 30 years, but it often leads to inefficiencies and errors when scaled across organizations for tasks like budgeting and cash flow projections,” said Martin Silvička, CEO of Ness Czech. “Farseer retains the familiar benefits of spreadsheets while eliminating common pitfalls, streamlining workflows, and reducing manual processes.”
Farseer is specifically designed to enhance collaboration across departments while enabling faster and more accurate financial reporting. Its intuitive user interface requires minimal training, making it accessible to teams of all skill levels. By automating routine tasks, the platform allows finance teams to focus on strategic activities such as analysis and decision-making.
The tool integrates data from multiple sources into a unified system, ensuring consistency and accuracy across all financial operations. Features like interactive dashboards provide real-time insights, automatically updating reports to enable timely and informed decisions. Businesses can also simulate “what if” scenarios, helping them manage risk and plan for various future outcomes.
One of Farseer’s standout features is its drag-and-drop functionality for financial modelling, which requires no advanced programming or SQL knowledge. Security is also a priority, with the platform offering real-time collaboration and detailed access controls to safeguard sensitive data.
According to Matija Nakić, CEO and co-founder of Farseer, “Our collaboration with Ness Czech marks a significant milestone in the evolution of financial planning for local organizations. Together, we aim to deliver unparalleled efficiency and innovation in financial management.”
Farseer is already trusted by prominent companies like Violeta, Plinacro, AKD, and Mazars. These organizations rely on the platform for everything from enhanced budgeting processes to advanced financial modelling.
About Ness Czech and Ness Digital Engineering
Ness Czech, a leading Czech system integrator and part of the international Ness Digital Engineering group, has been a pioneer in IT solutions since 1993. The company serves major clients such as O2 Czech Republic, Komerční Banka, and ČÚZK, operating from offices in Prague, Brno, and Ostrava. Ness Czech employs over 270 professionals and reported nearly CZK 1 billion in revenue in 2023.
Ness Digital Engineering is a global provider of advanced IT solutions, employing over 4,500 professionals across 11 innovation centers worldwide.
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