We used to build our CF’s in AE and then dump into Excel and model debt in excel. However, we’re required to model all debt in AE now. I got through to someone at Altus, so I’ll get back on my findings. Hopefully, it will be of some help. BTW, relatively new analyst, so I’m still trying to find my way here. Appreciate your comments and feedback.

 

I've heard a couple arguments, but none better than because you can and people expect that level now.

It saves VP/MD time to not have to jump back and forth between programs to see what the junior analysts mess up. No offense OP, we've all been there. Plus I suck at ARGUS now. Also, any excel that is programmed to receive an ARGUS output is very proprietary. Sharing between broker/debt team/buyer/seller and staying in AE saves a ton of time, and the model to model disputes are no longer relevant.

Lastly, you can see live exactly how debt is going to manipulate the model and make changes to timing, I/O, TIs while staying in the program. Make changes to the model to react, without the dump process.

Full candor, because everyone's corporate paid for the switch to AE and expect everyone to use it to it's full potential. RIP DCF.

 

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