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
Quantrix
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
Quantrix
Free Trial
Yes
Free/Freemium Version
No
Premium Consulting/Integration Services
Yes
Entry-level Setup Fee
No setup fee
Additional Details
Quantrix Modeler is licensed on a per user subscription basis.
Inside Sales Representative in Sales at Lucid Sofware (Computer Software, 501-1000 employees)
Chose 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 …
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Founder and Senior Consultant in Corporate at Smart Modeling Solutions (Oil & Energy, 1-10 employees)
Chose Quantrix
Microsoft Excel, Infor, Tagetik, Palantir Quantrix is not ready to use budgeting and planning tool, it is basically data modeling tool. That makes Quantrix different. You yourself or with help of consultant create model according to your specific business needs. You will get …
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Professor in Research & Development at University of Trento (Research, 501-1000 employees)
Chose Quantrix
In our setting the typical alternative to Quantrix is represented by traditional bi-dimensional spreadsheet applications. We have no experience with business performance management and business analytics solutions aimed at the corporate market that can be considered another …
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Finance in Finance and Accounting at Quantrix Authority YouTube (Food Production, 501-1000 employees)
Chose Quantrix
These are traditional spreadsheet-based software packages. Any trouble you have with Excel you have with these, but that is eliminated with Quantrix. Quantrix is an Excel/Access like application, but so much better because of the things I've previously described in this review.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
CEO in Professional Services at Schumacher MSFP AG (Financial Services, 1-10 employees)
Chose Quantrix
R and a RDBS is less interactive. Time handling can be difficult. More for statistical purposes.
We use Access and SQL-Server for Data-Handling. RDBS is not multidimensional. Multidimensional databases have a limited function set. Quantrix has both.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Director in Sales at Mischler Financial Group (Financial Services, 51-200 employees)
Chose Quantrix
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 …
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
C.E.O, Founder in Corporate at SkySpecs, Inc (Renewables & Environment, 11-50 employees)
Chose Quantrix
Quantrix handles financial forecasting far better than Excel because of it's object-oriented nature. It allows you to build very complex formulas without making cell range mistakes.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Key User Insights
Would buy again
No answers on this topic
Delivers good value for the price
No answers on this topic
Happy with the feature set
No answers on this topic
Lived up to sales and marketing promises
No answers on this topic
Implementation went as expected
No answers on this topic
Features
Quantrix
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Quantrix
Feature
Quantrix
9.3
12 Ratings
14% above category average
Long-term financial planning
9.711 Ratings
Financial budgeting
9.012 Ratings
Forecasting
10.012 Ratings
Scenario modeling
9.012 Ratings
Management reporting
9.012 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Quantrix
Feature
Quantrix
8.0
7 Ratings
3% above category average
Financial data consolidation
8.36 Ratings
Multi-currency management
8.44 Ratings
Minority Ownership
8.04 Ratings
Local and consolidated reporting
8.77 Ratings
Detailed Audit Trails
6.75 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Quantrix
Feature
Quantrix
9.0
12 Ratings
10% above category average
Financial Statement Reporting
9.010 Ratings
Management Reporting
9.012 Ratings
Automated board and financial reporting
9.011 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of 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
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
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
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.
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
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
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.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
