🥇Best Practices

Find some tips & tricks in terms of how to best use the Drivepoint Plans page.

Tip #1: Visualize your plans

1. Select all of the plans you want to compare via the check box on the left of the plan name

2. Click on "Visualize" on the top right

3. Add core metrics to the board -> we suggest comparing plans based on your business goals: Net Income Margin and Contribution Margin are popular metrics.

4. Change the time frame on the top left to assess impact over time (for example how your cash flow looks like 3 years out with a cash investment today)

5. Change the metrics on the individual boards by clicking the individual ✏️ icon.

Tip #2: Customize your main Plans table

1. Click on "Columns" on the top right.

2. Add all of the metrics that might be useful for your business AND any collaboration metrics, e.g. "Last Modified" to see which colleague last worked on which plan.

3. Click save.

4. Change the time frame of the table on the top left to quickly see how your plans differ on core metrics between different time frames.

Tip #3: Name your Plans correctly

For your live model, we recommend to follow the following naming convention:

Drivepoint SmartModel™ - COMPANY NAME - Live Model

For all other plans we recommend being precise with the naming in order to distinguish them easily. Here are some examples for rolling forecasts:

• Rolling Forecast 10162024

  • For the copy created on 10/16 during the September roll forward motion

• Drivepoint SmartModel™ - COMPANY NAME - BK10202024

  • For a backup saved or exported and sent to investors

Tip #4: Create relevant folders

Drivepoint provides a personalized folder structure for all of your plans based on your business. Typically, we set people up with “Budget” and “Scenarios”.

Depending on the time or the use case of your company, we also add “2025 Planning” or “Rolling Forecasts”. We recommend creating folders based on business scenarios or themes. Examples include: “Wholesale Expansion” or “Subscription Launch” or “Whole Foods”.