What users are saying about

Adaptive Insights

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Top Rated
205 Ratings

Quantrix

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13 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101

Quantrix

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13 Ratings
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Score 9 out of 101

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Likelihood to Recommend

Adaptive Insights

It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Mark McConkie profile photo

Quantrix

Quantrix Modeler is one of the most appropriate software tools for developing dynamic financial planning models in small teams composed by skilled power users. There is an also Enterprise version supporting larger user bases and stronger integration with company backend systems.It's not advisable to put Quantrix desktop application in the hands of non-skilled staff since the learning curve is much steeper than what's the typical experience with spreadsheets. Adding a table with ad hoc simple calculations can be done by anyone in a spreadsheet, but requires knowledgeable design in a Quantrix model. On the positive side, experience with students in our classes shows that with focused training an user can be become productive in a relatively short time.There is a web version of Quantrix Modeler, Qloud, that is aimed to end users that only modify input data and consume model results, without the possibility of changing the model logic (structure and formulas)
Luca Erzegovesi profile photo

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights
9.3
Quantrix
Pixel Perfect reports
Adaptive Insights
9.0
Quantrix
Customizable dashboards
Adaptive Insights
10.0
Quantrix
Report Formatting Templates
Adaptive Insights
9.0
Quantrix

Ad-hoc Reporting

Adaptive Insights
8.0
Quantrix
Drill-down analysis
Adaptive Insights
9.0
Quantrix
Formatting capabilities
Adaptive Insights
7.0
Quantrix
Integration with R or other statistical packages
Adaptive Insights
8.0
Quantrix
Report sharing and collaboration
Adaptive Insights
8.0
Quantrix

Report Output and Scheduling

Adaptive Insights
8.0
Quantrix
Publish to PDF
Adaptive Insights
8.0
Quantrix
Report Versioning
Adaptive Insights
8.0
Quantrix
Report Delivery Scheduling
Adaptive Insights
8.0
Quantrix

Data Discovery and Visualization

Adaptive Insights
7.7
Quantrix
Pre-built visualization formats (heatmaps, scatter plots etc.)
Adaptive Insights
7.0
Quantrix
Location Analytics / Geographic Visualization
Adaptive Insights
8.0
Quantrix
Predictive Analytics
Adaptive Insights
8.0
Quantrix

Access Control and Security

Adaptive Insights
9.0
Quantrix
Multi-User Support (named login)
Adaptive Insights
9.0
Quantrix
Role-Based Security Model
Adaptive Insights
9.0
Quantrix
Multiple Access Permission Levels (Create, Read, Delete)
Adaptive Insights
9.0
Quantrix

Mobile Capabilities

Adaptive Insights
8.5
Quantrix
Responsive Design for Web Access
Adaptive Insights
8.0
Quantrix
Dedicated iOS Application
Adaptive Insights
8.0
Quantrix
Dedicated Android Application
Adaptive Insights
8.0
Quantrix
Dashboard / Report / Visualization Interactivity on Mobile
Adaptive Insights
10.0
Quantrix

Budgeting, Planning, and Forecasting

Adaptive Insights
8.6
Quantrix
8.8
Long-term financial planning
Adaptive Insights
8.9
Quantrix
9.2
Financial budgeting
Adaptive Insights
8.8
Quantrix
9.1
Forecasting
Adaptive Insights
9.1
Quantrix
8.6
Scenario modeling
Adaptive Insights
8.2
Quantrix
8.5
Management reporting
Adaptive Insights
8.1
Quantrix
8.4

Consolidation and Close

Adaptive Insights
7.5
Quantrix
8.0
Financial data consolidation
Adaptive Insights
7.9
Quantrix
8.3
Journal entries and reports
Adaptive Insights
5.6
Quantrix
Multi-currency management
Adaptive Insights
7.6
Quantrix
8.4
Intercompany Eliminations
Adaptive Insights
7.5
Quantrix
Minority Ownership
Adaptive Insights
7.1
Quantrix
8.0
Local and consolidated reporting
Adaptive Insights
8.3
Quantrix
8.7
Detailed Audit Trails
Adaptive Insights
8.5
Quantrix
6.7

FInancial Reporting and Compliance

Adaptive Insights
8.3
Quantrix
8.1
Financial Statement Reporting
Adaptive Insights
9.0
Quantrix
8.5
Management Reporting
Adaptive Insights
8.6
Quantrix
8.1
Excel-based Reporting
Adaptive Insights
8.4
Quantrix
Automated board and financial reporting
Adaptive Insights
8.5
Quantrix
7.6
XBRL support for regulatory filing
Adaptive Insights
7.0
Quantrix

Analytics

Adaptive Insights
7.6
Quantrix
7.4
Personalized dashboards
Adaptive Insights
7.3
Quantrix
7.9
Color-coded scorecards
Adaptive Insights
6.8
Quantrix
6.4
KPIs
Adaptive Insights
8.0
Quantrix
7.2
Cost and profitability analysis
Adaptive Insights
8.0
Quantrix
8.0
Key Performance Indicator setting
Adaptive Insights
8.0
Quantrix
7.5
Benchmarking with external data
Adaptive Insights
7.3
Quantrix
7.3

Integration

Adaptive Insights
8.6
Quantrix
7.0
Flat file integration
Adaptive Insights
8.3
Quantrix
7.9
Excel data integration
Adaptive Insights
8.7
Quantrix
6.1
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Quantrix
6.9

Pros

  • I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive.
  • We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis.
  • We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.
Mark McConkie profile photo
  • Building complex financial planning model availing of a multidimensional data structure coupled with a powerful formula language, with the immediacy and intuitiveness typical of spreadsheets
  • Implement quickly model modifications (new products, new scenarios, new time periods) simply adding new "items" to "categories" (corresponding to dimensions in a multidimensional data model)
  • Scale up models to very large datasets with very fast computation times
  • Easily import data from text files, other Quantrix models and external databases via DataLink and DataNAV
  • Save snapshots of tables computed in Quantrix to external databases via DataPush
Luca Erzegovesi profile photo

Cons

  • When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
  • Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
  • You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
Brian Kyslinger profile photo
  • Hard to be critical of the Quantrix team as I know they strive to produce the best product possible. I suppose the next thing on my wish list would be the application of the new Solver functionality to be available in the Qloud.
  • A big help for new users would be a good book on transitioning from Excel or other environment into Quantrix. I know first hand it can be difficult to transition when having to learn the program through a help guide, forums and tech support. I had a lot of trial and error in my journey to producing the desired models. On one hand it was a valuable method as it taught me a lot of what not to do, but I will admit it was not the most efficient way to do things.
  • Would also love to see local user groups being formed at some point in the future. Quantrix puts on a fantastic conference once a year in beautiful Maine, but it is a big journey for someone in Southern California (and limited to one or two days a year). I would like to see some local chapters formed in different areas of the country so local Quantrix users can get together more often and collaborate (maybe a quarterly or semi-annual meetup?). Our Quantrix community is still relatively small and may be a difficult task for some areas, but is also the very reason why this would be great idea.
Jason Klinghoffer, CFA profile photo

Likelihood to Renew

Adaptive Insights8.6
Based on 32 answers
We have renewed this a number of times. It fits our business model and it is now an integral part of our organization.
Harry Vasels profile photo
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak profile photo
Quantrix8.2
Based on 1 answer
For a newbie it can be difficult until you get the hang of the system. Quantrix is a very logical system, once you understand its underlying ideas.
Franz Schumacher profile photo

Reliability and Availability

Adaptive Insights9.1
Based on 9 answers
It's never been out of action when we've needed to use it.
Lee Hawthorn profile photo
No score
No answers yet
No answers on this topic

Performance

Adaptive Insights9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo
No score
No answers yet
No answers on this topic

Support

Adaptive Insights6.8
Based on 11 answers
Support requests are always handled promptly and resolved favourably.Many user support requests arise during initial deployment and use and often represent questions relating to best methods or how to approach their particular situation, which we gladly assist with as we provide the appropriate skills transfer training and assistance.As clients become more knowledgeable in working with the product suite then they tend not to ask many questions.
Greg Clarke profile photo
No score
No answers yet
No answers on this topic

Online Training

Adaptive Insights8.2
Based on 6 answers
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc
Andrew Rosenberg profile photo
No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights8.2
Based on 13 answers
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo
No score
No answers yet
No answers on this topic

Breadth of Deployment

It is used throughout the company in different divisions and at our corporate level. When used in a division recently the personnel from different departments directly inputted data and monitored their budget against actual. It is very user friendly and flexible.
Harry Vasels profile photo
No answers on this topic

Alternatives Considered

Adaptive blows away Hyperion from an ease of use, functionality and performance standpoint. The reason we selected Adaptive initially was the flexibility of the tool (sheets), going from manual forecasts to a web based tool and being able to build assumptions into our budget and forecasting processes. Also, the cost of Adaptive licenses provided significant savings when compared to the annual fees that we paid Oracle for use and support of their system.
Gary Grzesiak profile photo
Excel..think I beat this one to death already. Great for smaller datasets and simple analytical tasks, but difficult to compare to Quantrix when it comes to complex data modeling efficiently.Tableau - Have only dabbled with it, and it has a great interface and produces some attractive output for sure...but don't think it has the same calculation library, dimensional relations between data and ability to manipulate underlying matrices. Quantrix has built in a feature to link your data to Tableau so you can now use your Quantrix Data and visualize it in Tableau. Given our use of the Qloud as a client interface, Tableau doesn't make a lot of sense for us (though I wouldn't mind having some of the visualization power it brings to the table).
Jason Klinghoffer, CFA profile photo

Collaboration and Sharing

Adaptive Insights7.5
Based on 17 answers
With workflow I am able to track progress on budget and forecast projects in a timely manner. There is also an organiser to track and assign tasks to users. Security is very flexible.
Robin Webber profile photo
No score
No answers yet
No answers on this topic

Data Integration

Adaptive Insights7.6
Based on 17 answers
We have used Adaptive for years and it works well as we adapt to changing business scenarios. We can make changes and see potential impacts to our business before they occur.
Harry Vasels profile photo
No score
No answers yet
No answers on this topic

Scalability

Adaptive Insights9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Budget and forecast cycles have been reduced due to the ease of data input by our end-users. We used to allow user a month to input annual budget data and we can now complete this process in two and a half weeks.
  • Forecasts used to be completed using Excel by our 17 divisions. Adaptive has allowed for us to complete the forecast process using the Adaptive tool which allows us to consolidate our forecasts immediately versus a manual process.
  • Month-end reporting used to take us 5 days to complete our package prior to using Adaptive. Our organization can now finalize our reporting in no more than 3 days due many of the reports coming straight from Adaptive.
Gary Grzesiak profile photo
  • Capacity forecasting used to take hours to calculate with a ton of manual modifications. Quantrix has automated that so a model can be updated at any time with a click of a button
  • The accuracy of the models is incredible. It took some tweaking to add in data scubbers, but now it runs almost flawlessly
  • The confidence the management teams have in the output of the model is amazing. Before, people would question the output, have you rebuild it, and then compare. Now the report comes out and the output has high confidence.
Don Reese profile photo

Pricing Details

Adaptive Insights

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
1.  per seat, per installation
Additional Pricing Details

Adaptive Insights More Information

Quantrix

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Additional Pricing Details
Quantrix Modeler is licensed on a per user subscription basis.

Quantrix More Information