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FORGE: Real estate development proforma software
FORGE Spotlight

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FORGE: Real estate development proforma software
by
Negin Babaei
Last Edited
8/8/2024

Introduction

FORGE represents a pivotal advancement in real estate financial modeling, providing professionals with powerful tools to enhance decision-making and project planning. This article focuses specifically on FORGE’s Proforma Software, a key component of the platform designed to streamline and optimize financial analyses in the real estate sector.

1. What is Proforma Software?

Proforma software serves as a foundational tool in real estate, enabling developers and investors to project financial outcomes and assess the viability of projects. Its role extends beyond mere calculation, integrating complex financial data to provide a comprehensive forecast that informs strategic planning and investment decisions. The importance of reliable proforma software like FORGE lies in its ability to deliver accurate financial forecasting, critical for successful project planning and execution.

2. Key Features of FORGE’s Proforma Software

FORGE’s Proforma Software is equipped with an array of features designed to refine the financial modeling process. It offers automated calculations that reduce manual data entry errors and provide quick, reliable outputs. The software supports scenario analysis, allowing users to explore various financial pathways and their potential impacts on project viability.

3. Removing the need for countless spreadsheets

While FORGE’s Proforma Software is a robust standalone tool, it does not aim to replace Excel but to complement it. FORGE mimics the familiar environment of Excel, expanding its capabilities and enhancing user experience without abandoning the trusted Excel platform. This approach allows users to manage their projects more efficiently, making the transition to advanced software smooth and intuitive.

4. FORGE’s approach to complex calculations

FORGE stands out in the financial modeling landscape due to its comprehensive and flexible approach, capable of adapting to any kind of revenue, financing, and cost expenditure. This adaptability makes FORGE highly versatile, suitable for both straightforward property evaluations and complex, large-scale development projects.

Conclusion

The benefits of using FORGE’s Proforma Software are clear: enhanced accuracy, efficiency, and adaptability in real estate financial modeling. By reducing reliance on cumbersome spreadsheets and providing advanced analytical capabilities, FORGE enables real estate professionals to make more informed decisions faster. We encourage readers to explore what FORGE can offer and consider integrating this powerful software into their next real estate project. For more information or to engage in beta tests, sign up for our research program.

Negin Babaei
CEO and Head of Product
Negin Babaei, a proptech entrepreneur based in Ontario, Canada, holds a master’s degree in Construction Management and brings over five years of consulting experience in real estate construction to her role. She leads her software startup and is deeply involved in the development and leadership of FORGE as its CEO.
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