Duo UK implements Invest for Excel software for capital budgeting - DataPartner Software

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Duo UK implements Invest for Excel software for capital budgeting

January 11, 2013

Celebrating its 25th year in business in 2013, family-owned Duo UK is one of the UK's most trusted  packaging suppliers and manufacturers, producing over 100 million bespoke glue strip mailing bags and 11,000 tonnes of polythene per annum. The firm works with leading brands in the industrial, retail and e-retail sectors. Duo’s polythene packaging products, including  mailing bags, refuse sacks, industrial packaging and film, are manufactured at the business’ two UK sites, allowing it to offer  clients  high availability contingency cover, flexible round the clock deliveries and peerless quality control.

 

Duo purchased Invest for Excel software to enable it to produce the financial models necessary for major projects quickly.  Finance director, Paul Teasdale explained: “As a business we need to carry out robust financial modelling, including ‘what if’ scenarios, to help ensure we make sound business decisions.  In addition, for projects where we need external funding, banks are increasingly demanding detailed modelling before they will consider releasing funds.  By allowing us to input a range of different variables, Invest for Excel allows us to satisfy both these demands while saving considerable amounts of time compared to undertaking the same analysis manually.

 

“The first project we will use Invest for Excel for is to purchase some big ticket extrusion machinery from Europe, so one aspect we will make use of is the software’s capacity to model the effect different exchange rates will have on the transaction and the projected return on investment.  In the future, we will be using Invest for Excel to help us make decisions about undertaking new ventures; for example, we are often approached by third parties keen to buy manufacturing capacity, but this obviously has an impact on the capacity we have to meet our own commitments.  Invest for Excel will really help to speed up this decision making process.”

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