Automating Financial Calculations with KNIME

In the field of financial investments, financial analysts often need to compare projects to decide which ones to pursue. Calculating the net present value (NPV) and internal rate of return (IRR) are popular metrics and typically calculated in Excel. The pitfalls of working in spreadsheets begin when we need to evaluate more and more projects, turning this into a time-consuming, tedious, and complex process, and no help for our decision making.

Join this webinar to learn about dedicated financial components in KNIME. They can calculate the XIRR, IRR, MIRR, NPV and XNPV for a numerous list of projects in a matter of seconds, giving us quick insight and more time to dig deeper into further project evaluation.

Key takeaways from the webinar:

• Explanation of how Verified Components work

• Live demo based on a practical business case, building a simple workflow