The systematic way to make economic decisions.

We build tools to help organizations make better strategic and operational decisions in the face of complexity and risk.

TAKE A LOOK

WHAT WE DO

We build driver-based planning models which take risks and uncertainties into account. And we help you use them to make the best decisions.

WHY?

the reasoning behind our approach

How can you make good decisions if you don't know how things work?
How can you know how things work if you don't have a model?
How can you have a model without modeling things?
That's why we build computer models.

We translate your business knowledge into a visual model that answers all your critical business questions and helps you make better, more informed decisions.

We help you pull the right strings.

Our Strategic Decision System is a framework we can easily adapt to your specific set of strategic or other important decisions. It allows us to model the business logic for everything your organization does—or plans to do.  You can mix and match the individual parts into “strategies” and immediately see the results on any financial number, key ratio, or whatever metric you are concerned with.

Key Features

Visualized business logic and drivers
Integrated P&L, Balance, and Cash Flow
Flexible scenario and what-if analyses
Risk analysis with Monte Carlo simulation
Excel and database integration
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»Unser Excelmodell hatte 40 prall gefüllte Tabellenblätter mit ‘Monsterformeln’. Nicht mehr überschaubar, fehleranfällig in Bedienung und Erweiterung. syconomic hat unser Geschäftsmodell in seiner Komplexität in Analytica abgebildet. Jetzt können wir auf Knopfdruck mehrdimensionale Berechnungen durchführen und verschiedene Szenarien miteinander vergleichen. Damit haben wir Sicherheit und Zeit gewonnen!«

Katja Stiller

Leiterin Controlling, ALBA Recycling GmbH

»Bei syconomic hatte ich von Anfang an das Gefühl, dass ich die richtigen, kompetenten Partner gefunden habe. Sie sind exzellente ‘Modellbauer’ und haben ein flexibles Tool entwickelt, mit dem differenzierte Stundensätze für unser Werk in Berlin ermittelt und vor allem simuliert werden können — und das schnell und transparent. Die interaktive Zusammenarbeit mit syconomic ist das beste ‘learning by doing’ und macht richtig Spaß«

Renate Mehner

Knorr-Bremse Systeme für Schienenfahrzeuge

»Mit unserem Analytica-Modell wird die Bewertung von Chancen und Risiken mit der Unternehmensplanung verzahnt. Obwohl die Modellstruktur komplex ist, bleibt das Modell dennoch sehr transparent und nutzerfreundlich. Die Kombination aus der Möglichkeit, völlig frei zu modellieren, und der Einfachheit, mit der das geht, macht den Umgang mit Analytica im täglichen Geschäft sehr effektiv.«

Conrad Thieme

Konzernrisikomanagement, VNG - Verbundnetz Gas AG

»syconomic hat ein Planungstool entwickelt, das die komplexen Prozesse im Unternehmen transparent miteinander verbindet. Damit ist es möglich, innerhalb kürzester Zeit unsere Ideen zur Unternehmensentwicklung durchzuspielen und Risiken und Potenziale frühzeitig zu erkennen. Das Tool ist zu einem wesentlichen Bestandteil unseres Planungsprozesses geworden.«

Steffen Martin

Geschäftsführer, Spandauer Velours

»Our Excel model had 40 bulging worksheets, populated with 'monster formulas.' Hardly manageable, prone to errors in operation and modification. syconomic translated our business model in its whole complexity to Analytica. Now we can perform multi-dimensional calculations and compare different scenarios with each other—at your fingertips. With syconomic’s solution we’ve gained security and saved time!«

Katja Stiller

Head of Controlling, ALBA Recycling GmbH

»Right from the start I had the strong feeling I’d found the right, competent partners in syconomic. They are excellent modelers, and designed a flexible tool to calculate, simulate, and compare complex production costs for our plant in Berlin—fast, transparent, and reliable. The interactive collaboration with syconomic is the best ‘learning by doing’ and is really fun.«

Renate Mehner

Knorr-Bremse Rail Vehicle Systems

»With our Analytica model, the evaluation of opportunities and risks becomes an integrated part of the corporate planning process. Although the model structure is complex, the model still remains very transparent and user-friendly. The combination of the ability to freely model any logic, and the simplicity with which this is done makes working with Analytica very effective in our daily business.«

Conrad Thieme

Group Risk Management, VNG - Verbundnetz Gas AG

»syconomic developed a planning tool that transparently connects the complex production processes in our company. With that tool it is possible, within the shortest time, to play through our business development ideas—and to identify risks and potentials early on. The tool has become an integral part of our planning process.«

Steffen Martin

CEO, Spandauer Velours

HOW WE DO

We love concrete, tangible results—fast. That’s why we do quick prototyping and agile model development. Here is how we typically start building the tools for making better decisions.

1-Day Workshop

Typically, one or two days working together with you is enough to understand the basic logic of your business—and the challenges and key questions you have.

When working together for the first time, we prefer a face-to-face meeting, but we're also comfortable with a  web meeting.

fast Prototype

Within just a couple of days we build a fully-functional prototype model. This way, you see first hand what the model can do for you.

If you want to go on with us, we specify the requirements and key functions of the final model and make a proposal.

Agile Modeling

We quickly expand the prototype based on the requirements, sharing with you refined versions of the model on a weekly basis.

Keeping you in the loop and integrating testing into development make sure you get the best possible solution.

Training & Support

After deployment of the final model—even better during model building—we train you and your team using the software.

If you want, we provide ongoing support to maintain and update your model.

More than software

Our models are more than software. It’s a systematic approach to make better economic decision. We not only build an “instrument” but help you get the most out of it. Having the best piano doesn’t mean you’re able to make good music. Having the best decision system doesn't ensure to make good decisions.

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We build the “piano”—and help you play it.

Models are at the heart of good strategic decisions. But we need more to truly achieve DECISION QUALITY.

The concept of Decision Quality was first developed in the 1960s, building on statistical decision theory and game theory by Prof. Howard Raiffa from Harvard, and dynamic probabilistic systems by Prof. Ronald A. Howard from Stanford. Since the mid-1980s, Decision Quality has developed into an established set of practices and tools—fueled by computer modeling.

That’s why we don’t want to just deliver “tools” but aim to partner with our clients to establish a culture, and implement the methodologies of good strategic decision-making.

Right Frame

What are we deciding?

Framing is clarifying the decision we’re about to make. To properly frame a decision, we need to define what it is that we are deciding, what we are not deciding, what we should take as given, and what goals we wish to achieve.

Clear Values

What do we want?

Values are what we care about—profit, NPV, cashflow, etc. but also non-monetary things like reputation, environmental footprint, or employee satisfaction. Maximizing all of those values is often not possible, so we need to clarify the tradeoffs between them we are willing to make.

These values and tradeoffs are the outputs of our models.

Creative Options

What can we do?

The quality of a decision is limited by the alternative options we consider—we can’t choose an option we haven’t thought of! Good options are under our control, significantly different, potentially attractive, and doable.

Useful Information

What do we need to know?

Useful information is anything we know, would like to know, or should know. This includes not only information about the past, a.k.a. “data.” Useful information is also everything we don’t know exactly. These risks and uncertainties must be explicitly taken into account, e.g. expressed as probability distributions.

These pieces of information are the inputs of our models.

logical Reasoning

How do things work?

Logical reasoning is building a quantitative model of the business logic. It makes transparent how our desired values are affected by the input information and the alternative choices we make.

To make the logical reasoning clear to all stakeholders of the decision, we build transparent, visual models in Analytica.

Committment to Act

Are we willing to act?

The quality of a decision finally depends on the commitment to act on the decision made. Here, we need to involve all key decision makers and stakeholders to get their buy-in, and ensure that the organization is ready to take action and commit the necessary resources.

The Decision Quality framework ensures that important, strategic decisions are made in the best possible way. If a decision is good or bad depends on how it is made, not on the outcome. Good decisions do not guarantee good outcomes, but consistently better decisions lead—in the long term—to consistently better outcomes.

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We develop our models with Analytica, a modeling and simulation platform. The main reasons are efficiency and communication.  

Analytica's “object-oriented” programming language and intelligent arrays allow us to develop and maintain quantitative analysis rapidly and accurately.  So we spend much less time just “programming” or auditing and correcting mistakes than we would in spreadsheets or other programming languages.

Analytica’s influence diagrams allow us to discuss the logic of models graphically with clients. As a result, we spend much less time getting confirmation of a model’s accuracy from clients and spend more time actually helping them think through their problems and solutions.

On our website www.beyondexcelmodeling.com we spread the word of Analytica to the financial modeling community. We wouldn't evangelize Analytica and act as Lumina’s reseller in Europe if we hadn’t used Analytica in so many challenging projects over the last 10+ years. And if we hadn't experienced so many happy, almost enthusiastic customers and Analytica users.

www.beyondexcelmodeling.com

WHO WE ARE

syconomic is a boutique consulting firm specializing in building decision support models. We have more than 15 years of experience in financial modeling, corporate planning, risk modeling and analysis, and corporate decision-making. Our models and tools are not focused on producing “numbers” but on gaining greater insight into what really drives profits, cash, value or whatever is of interest for the client. 

Our greatest asset is our ability to translate the client's knowledge into planning and decision support models. Our agile modeling approach delivers visible, “touchable” results right from the start.

Our founders

Our Partners

Torsten Röhner

Torsten is co-founder and Managing Partner of syconomic. He is a thought leader in enterprise-wide risk management and driver-based business planning. During his career he has implemented software solutions in treasury management, energy and commodity trading, financial risk management, and corporate planning and decision-making for clients ranging from small businesses to the German Top 100 , e.g. Altana Pharma, Bayer, MAN, RWE, and Volkswagen. He is always looking for a simpler, more elegant solution.

Steffen Rohr

He may not have the strength of 6 tigers, but he has the heart of at least 10. He's the man you want when your project is on the line and ready to make the tough play.

Daniel Probst

The guy in the iron suit makes all the big calls and looks good doing it. But he is also a master website designer and builder of mobile applications.

Robert D. Brown III

He may not have the strength of 6 tigers, but he has the heart of at least 10. He's the man you want when your project is on the line and ready to make the tough play.

Scott Evans

What can we say, he's the most electric guy in the room. He can take even the most boring of projects, and send a spark of life through it.

GET IN TOUCH

We are based in Leipzig, Germany but work wherever you need us. With our partners in the U.S. and Australia, we can deliver results around the globe.

Leipzig, Germany

San Francisco, CA

Atlanta, GA

Melbourne, Australia

San Francisco, CA

Atlanta, GA

Leipzig, Germany

Melbourne, Australia

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