BPM ('Best Practice Modelling') was founded in 2002 by ex-Salomon Smith Barney investment bankers with the ambition of providing a high-quality business modelling service independently of accounting firms and investment banks, who are often conflicted when providing this service.
In order to maximise the consistency, transparency and integrity of the models it built for its clients, the BPM team worked with its clients and used its extensive financial modelling experience to create the Best Practice Spreadsheet Modelling Standards. These standards have been downloaded and adopted by many businesses, accounting firms and financial advisors around the world, and the independent Spreadsheet Standards Review Board ('SSRB') has become the forum for an ongoing best practice modelling feedback loop.
Following the success of the standards, BPM recognised that the foundation created by the standards lent itself to the creation of best practice modelling software, which led to the development and release of bpmToolbox in 2005. bpmToolbox represents a new frontier in business modelling quality and efficiency, and mitigates many of the risks associated with using spreadsheet applications to build business models without affecting the flexibility of these programs.
Whilst developing bpmToolbox, BPM also developed extensive training courses to enable its clients to up-skill their staff as an alternative to using consulting services. Training courses, ranging from Excel Fundamentals to Financial Modelling Fundamentals, now scheduled monthly in Melbourne and Sydney, and run on demand for larger clients.
BPM has now undertaken consulting projects for businesses with a combined value of over A$500 billion, both in Australia and internationally, and provided software and training services to many of Australia's most respected companies, government departments and financial advisors.