PAMETNA HRVATSKA Matija Nakić

Guest Matija NakićHosted by Boris ŽivkovićMay 3, 2026

Matija Nakić

About this episode

What you'll hear in this conversation

For many companies, financial planning still means a sprawling, error-prone landscape of Excel spreadsheets. Matija Nakić, co-founder of Farsier, has spent years observing this reality firsthand, building a platform designed to replace the manual chaos with structured, collaborative financial modeling. Her conversation details not just the technical workings of Farsier, but the subtle yet significant shift required to move beyond what she calls "invisible errors" that can cost companies millions, towards more reliable, error-free planning. You'll hear about the precise moment a company outgrows Excel, the often-overlooked benefits of cloud-native financial tools, and why agility in development is as crucial for enterprise software as it is for consumer apps.

Insights from the conversation

What to take from this episode

Matija Nakić points to "invisible errors" in Excel, citing examples like JP Morgan where spreadsheet mistakes cost hundreds of millions or even billions. The real cost of relying on spreadsheets for complex financial processes isn't just manual effort; it's the unquantifiable risk of errors that remain hidden until it's too late.

Farsier's ideal users are "companies outgrowing Excel," where budgeting and planning become "too confusing, too complicated, too much manual work" for spreadsheets. The signal to transition from personal productivity tools to specialized platforms isn't just scale, but the moment manual effort begins to introduce complexity and risk rather than streamline work.

The main advantages of a cloud solution like Farsier are "much lower cost for the end user, but also greater security" and continuous, frequent updates. The value of a cloud-native platform isn't just about reducing infrastructure costs; it's the continuous cycle of security and feature updates that on-premise solutions often cannot match.

Farsier enables "rapid modeling" where a financial model can be created "through a few clicks," significantly faster than traditional methods. The speed of creating a financial model is not just a convenience; it changes the planning process from a static annual event to an agile, iterative exercise.

In Farsier, teams and individuals "see only their relevant part" of the financial model, inputting numbers that automatically aggregate, overseen by finance. The challenge in multi-user financial planning isn't just data entry, but ensuring each contributor only accesses and impacts their relevant segment, while maintaining central control and aggregation.

Farsier allows users to import realization data "from any source," even "transactional data from a bank statement." The flexibility to integrate diverse data sources, from ERPs to raw bank statements, expands financial modeling beyond structured accounting systems to a more comprehensive view of business activity.

Users are particularly satisfied with Farsier's "speed of receiving changes," with updates and fixes released "every two weeks." Even for enterprise financial tools, an agile development cycle with frequent updates fosters user satisfaction and adaptability, challenging the traditional slow release cycles of complex software.

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Explore further

ScenariosBusiness challenges CardsEducational cards TimelineTopic evolution