- Forecasting (12)10.0100%
- Financial budgeting (12)9.090%
- Scenario modeling (12)9.090%
- Management reporting (12)9.090%
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- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Automated board and financial reporting
- Supported: Personalized dashboards
- Supported: KPIs
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
- Supported: Benchmarking with external data
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
Visit https://quantrix.com/quantrix-customers/quantrix-business-modeling-of-the-future-litehouse-foods to watch Quantrix video.
- Learn about the key features and benefits of the world's leading business and financial modeling software, Quantrix Modeler
- Learn about the key features and benefits of Quantrix Qloud, the gateway to real-time collaboration, enabling you to securely share and collaborate on multi-dimensional models with colleagues and clients located anywhere with an internet connection.
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|Deployment Types||On-premise, Software as a Service (SaaS), Cloud, or Web-Based|
|Operating Systems||Windows, Mac|
|Mobile Application||Mobile Web|
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- Quick turnaround times
- People can modify their data through the cloud
- Robust and timely alert system
- Visuals could be better presented and have more of them
- Not a lot of training materials provided for new users
- Support never answered in a timely manner
- Looking up data from a different sheet was fairly difficult
- Quickly turn out modified reports with prospective sales
- Alerts you if there are errors in your calculation/formulas
- Allow users to have modified access through the Qloud to do their own modifications without risk of their changes impacting the main model
- Formulas can be tough to come up with if you do not have a deep grasp of SQL
- It is graphically challenged when a visual depiction is needed
- Lets say you need to model your expenses over years and you have 10 products. If you use Excel you would need to create 10 tables for each product. Instead of creating separate tables of yearly expenses for each product, in Quantrix you create a 3-dimensional cube with all expenses/products/years inside. That means you do not need to repeat the same work for each product: no need for copy-paste of same data to new sheets, no need to repeat formulas. If modification required, no need to add new item to each table, simply add it once and that is it! Even better: if you add a new product, you do not even need to write any formula. Because one existing formula, written in natural language applies to the whole range of products, not to the particular cell. Your presentations, reports, dashboards and graphs are also multidimensional. Simply select dimension or item for instant visualisation.
- Great advantage of multidimensional models is the Linked structure. You simply drag and drop existing dimensions and build a structure, which means
- much faster modeling. If you add a new year or a new product in CF it will be added in P&L immediately , or vice versa. It helps to maintain structure across models and makes possible effective data integration.
- Add more dimensions and actually multiply our efficiency. You can easily add more dimensions like: Regions, Services, Price Scenarios, Production Scenarios, Projects, or any other dimension relevant to your organization.
- Quantrix Qloud is a great tool for sharing models and collaboration. Imagine dynamic reporting to your management including scenario simulations options. Access from all over the world, no need for software installation. Organize data flow by giving controlled by you access for collecting input data from your colleagues.
- Overall result: Time-saving and cost reduction, Elimination of errors, Excellent business insight for management.
- There is a need for more enhanced visualisation tools. Graphs, widgets, etc. should be more appealing for decision-makers
- Would be great to have fully functional Web/Cloud version of Quantrix. Currently, Qloud is designed only for sharing and collaboration but does not let users to write formulas, actually model the data.
- Quantrix should make more efforts to popularize its products, make its brand known, especially outside of North America.
- Deal with lots of data and keep oversight.
- Machine learning
- Statistical analysis
When working with abstract data and finding trends/patterns in data, Quantrix is less suited.
- 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
- The user can develop user defined functions and automated tasks via the scripting language based on Groovy. Such functionality has room for further development both in terms of what a user can achieve, and the ease of use of the tools for script editing and debugging
- Charting is available. Typical business charts are easily obtained from data in Quantrix matrices but configuration could be simpler and chart modifications more predictable in their effects
- Users can designed composite views of model elements (tables, charts, text, images) via "Canvas" objects. Canvas features have greatly improved over time, but editing remains a bit complicated
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)
The limitations for Quantrix are mostly self-imposed. Quantrix is like a word processor after you've been using a manual typewriter. You now have to think about what you're actually doing (saying) instead of worrying about typos in the equations. Get your concepts right, and the sky's the limit.
- Graphic drill down, sorting, grouping, free-form analysis
- External database access
- Equation creation and insight
- Breadth of graphics
Less appropriate for very simple tasks: overkill for non-analytical bookkeeping...although with multiple site licenses it could aggregate and give immediate feedback to those who needed analysis with data from multiple, disparate sources.
- Quantrix gathers info from numerous sources in a single click. Thereby making structure to process sustainable and scale-able. Once the logic is written the data refreshes and you are good to go with furture analysis and planning. There is no need for rework, copying down formulas, etc. In our latest product wheel build process we reduced our time from 3 weeks of time to 2 days to build out product wheels. There was a sharp contrast between Excel ( previous method) and Quantrix.
- Quantrix links perfectly to SQL Server which allows us to get actual data quickly, push out forecasts or other data for other systems to consume.
- Quantrix range based formula writing and common term formulas are a HUGE time saver. Debugging formulas is a breeze in Quantrix using what is called the dependency inspector. There is no need to copy down formulas; make sure cell ranges are locked etc. It is one formula controlling a multitude of cells that scales as the data set shrinks or grows. Also if there is an error in the formula you have 1 formula to fix not hundreds or even thousands. Common terms in your formulas helps immensely and reduces the amount of headache of debugging your formulas.
- Quantrix Scales with ease. Adding additional data or shrinking the data does not require (manual) structure updates to Quantrix. It accordions according to the data imported. Pivoting data and looking at it as well as filtering it and then building off of those filters and pivots is a joy to do in Quantrix!
- Complexity - Excel does not have it! Where the vlookup ends in Excel the Quantrix Select statement is just warming up. Functions like: Select, Selects, SelectList, SelectGreaterThan, SelectBetween, SelectLessThan, and one of my new favorites SelectLike in addition to CASE and Switch Logic make Quantrix a dominating force when it comes to writing complex logic in your business model. Quantrix does is beautifully.
- Find and Replace feels like it is from 1990.
- Filtering. The filter tray is excellent, but filtering on a two dimensional data set is a bit cumbersome.
- The DataLink Wizard needs to no longer be a wizard, but a single screen with every tihng I could ever want in regards to data connectivity at my fingertips (much like Tableau in that regard).
- Qloud. The function and look of this offering seems a bit clunky. I don't use it much because it seems a bit clumsy.
- Simplicity of use and easy learning
- Ability to set up security by creating user profiles
- In addition to the standard data modeling and import functions, it offers a powerful tool for creating custom programs in Java (Groovy)
- Quantrix was able to free the definition of calculation rules from cells. It would be interesting to be able to separate the default template structure from changes when importing data.
- Just to be clear to prevent the import (example from a CSV or DB) the creation of new items in addition to those already existing.
- An import navigation by level would be interesting. Or to obtain a split of the number on a tree structure (I bring as an example that of Corporate Planning (https://www.corporate-planning.com/de/).
- As a further enhancement of the above, it would be interesting to be able to define reports like an explosion of a tree structure.
- Capable of moving a model through time with little effort.
- Separate formulas from data to allow - in combination with user rights model - to maintain the audited status of a model.
- Extremely reliable even with very large models.
- Extremely powerful lookup-functions in a multidimensional setting.
- Top-down perspective.
- The QCloud solution could potentially save firms a lot of money.
- It should be easier to link results with standard applications. The datapush features helps but things could be easier.
- The (powerful) chart model should be reviewed for easier use.
- You generally get very far without scripting. When you need it, it is overly complicated.
Quantrix beats a conventional spreadsheet by miles when you are in need of a tool to set up and maintain a complex planning solution.
Quantrix starts to shine, where a spreadsheet is starting to ache.
Use a conventional spreadsheet if you just want a quick, one-off answer.
- Develop robust, data intensive models with minimal (relative to competing alternatives) formulaic or coding infrastructure.
- Handle large data sets Excel could only dream about.
- Professional Qloud environment that only gets better and better. Deliver model output with professional design and customized canvases to deliver a truly unique experience to end users.
- Qloud administration allows control to specific models and data within models to keep users of all different levels and access authority seeing only what they are supposed to see.
- Quantrix support team is second to none. They go out of their way to answer questions and find solutions to even the toughest problems in a timely manner.
- 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.
I still use Excel for basic tasks such as data aggregation or simple calculation tasks (such as finding the weighted average of some subset of data), but the minute the solution moves into more complex territory I move to Quantrix models. There is just hands down no better way to create more complex solutions as efficiently or as appealing as Quantrix.
- Time series modeling.
- The product does modeling particularly well because it provides multi-dimensional structures and a multidimensional modeling language.
- The user interface is a strength due to its point and click/drag and drop design. This enables fast model development.
- The product integrates well with SQL database tables, both reading and writing SQL tables.
- Extending the point and click capability into all areas of the product, particularly wherever "expressions" are used.
- More meaningful formula error messages, rather than, for example, #size, #value, timeline cannot support this formula etc. These mystify inexperienced users.
- Ability to switch off auto complete in formula pane.
- Glitchy border lines and grey space in outline layout.
- Quantrix is built around the idea that all of your data is a variable and the concept of cells doesn't exist. This allows you to write functions that can cross all of your data and adjust as you move data around, add or subtract data, or connect to other sources. It completely simplifies the process of building out functions without accidentally reference the wrong cell.
- Quantrix allows you to easily add more data to any matrix and all formulas automatically take the changes into consideration, unlike Excel where you have to manually change the range of cells in all formulas.
- Quantrix has a great interface for creating charts and graphs with slider bars so you can quickly set up what-if scenarios and compare multiple forecasts at the same time.
- Quantrix has an extremely outdated, archaic user interface that can easily turn potential users away. It feels like it's out of the 90's and people will quickly assume it is as capable as software in the 90's. This is not the case as it is current software with a very powerful back-end.
- Their data connections are amazing for Salesforce, but quite complicated for other data sources. Would be great to see a built in connection to Quickbooks.
- It is too expensive to push across an entire organization, especially if you are a start up.