Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
Varicent
Score 7.3 out of 10
N/A
From quotas to sales and compensation, Varicent helps revenue leaders in enterprise organizations chart a more effective, connected path to revenue by providing vital data, insights, and sales go-to-market planning tools.N/A
Pricing
QuantrixVaricent
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
QuantrixVaricent
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsQuantrix Modeler is licensed on a per user subscription basis.
More Pricing Information
Features
QuantrixVaricent
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Quantrix
9.3
12 Ratings
11% above category average
Varicent
-
Ratings
Long-term financial planning9.711 Ratings00 Ratings
Financial budgeting9.012 Ratings00 Ratings
Forecasting10.012 Ratings00 Ratings
Scenario modeling9.012 Ratings00 Ratings
Management reporting9.012 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Quantrix
8.0
7 Ratings
1% below category average
Varicent
-
Ratings
Financial data consolidation8.36 Ratings00 Ratings
Multi-currency management8.44 Ratings00 Ratings
Minority Ownership8.04 Ratings00 Ratings
Local and consolidated reporting8.77 Ratings00 Ratings
Detailed Audit Trails6.75 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Quantrix
9.0
12 Ratings
9% above category average
Varicent
-
Ratings
Financial Statement Reporting9.010 Ratings00 Ratings
Management Reporting9.012 Ratings00 Ratings
Automated board and financial reporting9.011 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Quantrix
8.5
12 Ratings
5% above category average
Varicent
-
Ratings
Personalized dashboards8.012 Ratings00 Ratings
Color-coded scorecards6.45 Ratings00 Ratings
KPIs10.010 Ratings00 Ratings
Cost and profitability analysis8.610 Ratings00 Ratings
Key Performance Indicator setting10.011 Ratings00 Ratings
Benchmarking with external data8.210 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Quantrix
9.0
12 Ratings
8% above category average
Varicent
-
Ratings
Flat file integration9.012 Ratings00 Ratings
Excel data integration9.012 Ratings00 Ratings
Direct links to 3rd-party data sources9.012 Ratings00 Ratings
Sales ICM
Comparison of Sales ICM features of Product A and Product B
Quantrix
-
Ratings
Varicent
6.8
55 Ratings
13% below category average
Sales compensation plan creation00 Ratings7.348 Ratings
Complex sales crediting00 Ratings7.548 Ratings
Sales compensation process automation00 Ratings7.352 Ratings
Incentive auditing/regulation compliance00 Ratings6.546 Ratings
Sales compensation dashboards & forecasting00 Ratings6.647 Ratings
Incentive modeling00 Ratings6.543 Ratings
Agile incentive strategy00 Ratings6.538 Ratings
ICM mobile visibility00 Ratings6.532 Ratings
Best Alternatives
QuantrixVaricent
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Everstage
Everstage
Score 9.5 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Everstage
Everstage
Score 9.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
QuantrixVaricent
Likelihood to Recommend
7.0
(12 ratings)
7.9
(67 ratings)
Likelihood to Renew
-
(0 ratings)
9.3
(15 ratings)
Usability
8.2
(1 ratings)
7.2
(59 ratings)
Availability
-
(0 ratings)
5.2
(3 ratings)
Performance
-
(0 ratings)
5.8
(3 ratings)
Support Rating
-
(0 ratings)
6.8
(6 ratings)
In-Person Training
-
(0 ratings)
7.7
(2 ratings)
Online Training
-
(0 ratings)
7.7
(2 ratings)
Implementation Rating
-
(0 ratings)
6.8
(6 ratings)
Configurability
-
(0 ratings)
5.2
(3 ratings)
Ease of integration
-
(0 ratings)
4.3
(3 ratings)
Product Scalability
-
(0 ratings)
6.8
(58 ratings)
Vendor post-sale
-
(0 ratings)
5.9
(3 ratings)
Vendor pre-sale
-
(0 ratings)
5.9
(3 ratings)
User Testimonials
QuantrixVaricent
Likelihood to Recommend
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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Varicent
For the use cases we have at the bank, ICM is a perfect solution. For any bank or institution that has similar requirements, ICM would be a perfect solution. But I also think for any use case that has any sort of incentives based on Sales done, this would work amazing, as both Calculations and reports are handled by ICM very well; it's an all-in-one solution, I feel like.
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Pros
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
Read full review
Varicent
  • Flexibility - Varicent is not template based. You can implement the model specifically for your organisation.
  • Scalability - Since it is not stick to templates you are able to expand the model for other domains as well.
  • Reporting - Several ways of reporting are possible and each has their own benefit/purpose.
  • Strong/Powerfull Calculation Engine delivering fast results/speed to insight
  • User Interface is minimized to what you need and is not showing off all the functions it can "also" do
  • Strong audittrail
  • Appears to be almost unlimited in what you are able to create
Read full review
Cons
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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Varicent
  • As [the] model gets more and more transactional data, the calculation time increases. This should/can be handled internally with better model optimization.
  • Migrating from one env to other sometimes is challenging. There can be better 'Alerts' or 'Explanation' provided to handle it or at least to give a hint of the error.
  • For managers viewing their rep's report, the access part can be made easier. It should be linked to Payee hierarchy and access can be done automatically.
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Likelihood to Renew
Quantrix
No answers on this topic
Varicent
Customer support from IBM is impeccable. They are quick to respond and they don't nickel and dime you for every request you make. Their goal is to ensure your success and as a user, I really feel like they listen to my concerns. That's not to say there are no problems. All software has its issues, but I don't feel like those issues fall on deaf ears.
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Usability
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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Varicent
Any calculations can be implemented as there are hardly any limitations on complexity. However, online real-time usability is lacking - a simple user enters, and the system calculates work in a way that it is in the browser and hence still needs overnight to be properly reflected in the batch calculations and backend tables.
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Reliability and Availability
Quantrix
No answers on this topic
Varicent
Never went down in last 3 years that I worked with it (every hour of the day basically). That is a 10 in my book.
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Performance
Quantrix
No answers on this topic
Varicent
All is fast, but with API's it is sometimes slower due to the application we are pulling data from. Reports are loaded directly or within seconds and our reports are very detailed with many columns and rows.
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Support Rating
Quantrix
No answers on this topic
Varicent
Giving a 10 would suggest there is no room for improvement. I don't feel like their support is perfect. However, I have never met another team that was more dedicated to making sure we get what we want and need.
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In-Person Training
Quantrix
No answers on this topic
Varicent
The training was good in general with a nice trainer as well. But, the training could be better if it is more focussed on our process/data etc.
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Online Training
Quantrix
No answers on this topic
Varicent
There is a learning portal with many videos about navigation, creating reports and managing your model.
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Implementation Rating
Quantrix
No answers on this topic
Varicent
Test test test. Make sure that the product is calculating everyone 100% correctly. DO NOT accept a 70% pass rate as some companies would like to have you believe is acceptable. This means conducting thorough testing by providing 100% of all expected results, but it will be worth it when you know that the compensation plans are working entirely as expected.
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Alternatives Considered
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
Read full review
Varicent
In 2015, we used a scorecard containing 80 attributes in our review of Oracle, Callidus, and Xactly & Varicent. Oracle did not have true self serve capabilities- programming was heavily required, not intuitive, out of the box functionality was limited. Callidus & Xactly could not provide us a demo using our data, statements could not be sent out in bulk form, difficulty in importing/exporting to CRM. Varicent excelled in most areas and was the clear winner.
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Scalability
Quantrix
No answers on this topic
Varicent
It is very scalable and adaptable to changing complexities of calculations and business rules under a variety of different scenarios. It does not get full points because in large data loads the time needed to calculate and import the data increases exponentially and may cause issues related to timing potentially.
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Return on Investment
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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Varicent
  • Compliance - with a central system used for calculation incentive payments and commissions, we are able to provide reports and data showing every detail of how payments are calculated and why they are justified. We can also identify anomalies and outliers.
  • Integration with our payroll system is seamless. Except for regular pay, nothing goes to payroll without going through ICM. The process for paying incentives/bonuses/commissions is now very structured and efficient.
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ScreenShots

Quantrix Screenshots

Screenshot of Screenshot of Screenshot of

Varicent Screenshots

Screenshot of Varicent providing clarity and transparency to sellers, helping them to find answers faster and have confidence in compensation plans.Screenshot of Tools for sellers that help them align strategic initiatives, and that help them understand which deals will help them win.Screenshot of Varicent ICM model compensation plans that display the financial impact of changes. Its ability to more accurately forecast commission payouts with “what-if” assumptions, users can budget more effectively for sales compensation costs, manage target total compensation for sales representatives and assess plan effectiveness.Screenshot of Shareable information sent to the right people to drive the right results.