Axiom Software by Syntellis Performance Solutions vs. Quantrix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Axiom Software by Syntellis Performance Solutions
Score 7.8 out of 10
Enterprise companies (1,001+ employees)
Syntellis Performance Solutions provides enterprise performance management software, data and analytics solution for healthcare organizations, financial institutions, and higher education institutions. Axiom arms finance teams and executives with tools for budgeting, forecasting, planning, and reporting, so they can analyze results, model the future, and make more strategic decisions. Their solutions include enterprise planning, cost and decision support, and financial and clinical…N/A
Quantrix
Score 7.4 out of 10
N/A
Quantrix is designed to allow users to address the limitations and risks inherent to spreadsheets when developing business-critical models. According to the vendor, this solution offers unmatched capability for forecasting, planning, budgeting, risk modeling and visual analytics, and also allows users to develop ‘what if’ scenarios and model the financial and operational impact of business decisions. Additionally, the vendor says sharing insight is made easier through the creation of interactive…N/A
Pricing
Axiom Software by Syntellis Performance SolutionsQuantrix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Axiom Software by Syntellis Performance SolutionsQuantrix
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsQuantrix Modeler is licensed on a per user subscription basis.
More Pricing Information
Community Pulse
Axiom Software by Syntellis Performance SolutionsQuantrix
Top Pros
Top Cons
Features
Axiom Software by Syntellis Performance SolutionsQuantrix
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
5.9
6 Ratings
33% below category average
Quantrix
9.3
12 Ratings
12% above category average
Long-term financial planning5.74 Ratings9.711 Ratings
Financial budgeting7.76 Ratings9.012 Ratings
Forecasting5.75 Ratings10.012 Ratings
Scenario modeling3.85 Ratings9.012 Ratings
Management reporting6.45 Ratings9.012 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
4.4
5 Ratings
58% below category average
Quantrix
8.0
7 Ratings
0% above category average
Financial data consolidation2.93 Ratings8.36 Ratings
Local and consolidated reporting5.55 Ratings8.77 Ratings
Detailed Audit Trails4.85 Ratings6.75 Ratings
Multi-currency management00 Ratings8.44 Ratings
Minority Ownership00 Ratings8.04 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
5.2
6 Ratings
45% below category average
Quantrix
9.0
12 Ratings
9% above category average
Financial Statement Reporting6.85 Ratings9.010 Ratings
Management Reporting5.65 Ratings9.012 Ratings
Excel-based Reporting5.15 Ratings00 Ratings
Automated board and financial reporting4.04 Ratings9.011 Ratings
XBRL support for regulatory filing4.22 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
3.8
5 Ratings
72% below category average
Quantrix
8.5
12 Ratings
5% above category average
Personalized dashboards3.85 Ratings8.012 Ratings
Color-coded scorecards4.84 Ratings6.45 Ratings
KPIs5.14 Ratings10.010 Ratings
Cost and profitability analysis1.03 Ratings8.610 Ratings
Key Performance Indicator setting4.63 Ratings10.011 Ratings
Benchmarking with external data3.63 Ratings8.210 Ratings
Integration
Comparison of Integration features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
6.0
5 Ratings
32% below category average
Quantrix
9.0
12 Ratings
8% above category average
Flat file integration5.05 Ratings9.012 Ratings
Excel data integration8.44 Ratings9.012 Ratings
Direct links to 3rd-party data sources4.64 Ratings9.012 Ratings
Best Alternatives
Axiom Software by Syntellis Performance SolutionsQuantrix
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Prophix
Prophix
Score 8.7 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 7.8 out of 10
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User Ratings
Axiom Software by Syntellis Performance SolutionsQuantrix
Likelihood to Recommend
5.6
(6 ratings)
7.0
(12 ratings)
Usability
-
(0 ratings)
8.2
(1 ratings)
Support Rating
7.0
(1 ratings)
-
(0 ratings)
User Testimonials
Axiom Software by Syntellis Performance SolutionsQuantrix
Likelihood to Recommend
Syntellis Performance Solutions (formerly Kaufman Hall Software)
Axiom is extremely well suited to optimize the Budget process. Using Axiom, we have cut our overall budget cycle time in half and have a much higher level of accuracy in all facets of the Budget including Fee Income, Expense, and Margin. Axiom is also well suited for advanced data users as you have the ability to create your own custom database tables which allows you to join to the existing Axiom tables and has allowed us to create custom reporting that we could not even think about on our previous system. The other big benefit of Axiom is that it sits on top of Microsoft Excel and inherits all of its functionality, which most people have experience with.
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Quantrix
If you find yourself in the ocean of traditional spreadsheets, overwhelmed by broken links, errors, model audit problems, hardwiring, etc. here is a lifebuoy for you. If you want to have full flexibility in your budgeting and forecasting in contrast to ERPs with rigid structures and one-size-fits-all concept. If you are small or medium size company and do not want to invest in costly enterprise solutions. If you need a fast implementation https://youtu.be/5W_q5Xhw5fg
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Pros
Syntellis Performance Solutions (formerly Kaufman Hall Software)
  • Compared to a previous EPM we used, Axiom's template load and saving performance has been much better even for large plan files.
  • Axiom consultants can create completely customized reports for any of the collected data. Super users within your organization can then fairly easily modify their work to create additional reports without Axiom's help (and invoices)
  • Setting up user security is a fairly easy one-time task and very easy to maintain when people change departments, leave the organization, etc. I would recommend you use role-based security settings.
  • Compared to our previous EPM, Axiom allows more customization and possibilities for templates. There's very few "the product can't do that" statements.
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Quantrix
  • 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
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Cons
Syntellis Performance Solutions (formerly Kaufman Hall Software)
  • Implementation is quite Complex and requires both IT and Financial buy-in
  • Reporting solution has some learning curve for end users
  • Calculation methods within reporting can be opaque and hard to trace
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Quantrix
  • 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.
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Usability
Syntellis Performance Solutions (formerly Kaufman Hall Software)
No answers on this topic
Quantrix
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.
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Support Rating
Syntellis Performance Solutions (formerly Kaufman Hall Software)
For the scale of our implementation, Axiom only assigned two consultants who were both completely new to the company. It felt like we were all learning about the product together, when you would expect them to already be experts at their own product. The team also made a good bit of mistakes throughout production and go-live, which then caused more work internally for us. The team lead for our project also just left the company, so we'll see how next year's planning goes
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Quantrix
No answers on this topic
Alternatives Considered
Syntellis Performance Solutions (formerly Kaufman Hall Software)
Axiom was selected based on the impression of ease of use and integration. It is capable of holding all of our entities data while giving us an easier more accessible way to deliver monthly Financials and reports to managers. Then in costing we signed up because the impression of budgeting.
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Quantrix
Overall, I was not part of the ultimate decision to purchase Quantrix. I terms of user-friendliess and robust reporting capabilities I do think Tableau has Quantrix outclassed. That being said, Quantrix does provide more in-depth analyses for our relevant data and provides better modeling for our forecasts out of the box. The accuracy of the tools output is also much better
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Return on Investment
Syntellis Performance Solutions (formerly Kaufman Hall Software)
  • Forecasting has improved
  • Complexity of analysis has improved as well
  • Our main data has been confused as we started using Axiom
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Quantrix
  • 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.
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ScreenShots

Quantrix Screenshots

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