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Quantrix, a versatile financial modeling tool, has been widely adopted by various organizations and educational institutions for over a …
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What is Quantrix?
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…
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Popular Features
- Forecasting (12)10.0100%
- Financial budgeting (12)9.090%
- Scenario modeling (12)9.090%
- Management reporting (12)9.090%
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What is Quantrix?
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…
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Learn Quantrix Modeler: Aggregate Indirectly Related Matricies Us As 0302
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Quantrix | Natural Language Formulas | No More VLOOKUP
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Getting Started with Quantrix: 5 Key Concepts to Building Models
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Quantrix Introductory Demo | Getting Started with Modeler | Part 1
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What is Quantrix? How to use Quantrix? Learn basic concepts and differences: Quantrix vs. Excel.
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Product Details
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- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Quantrix?
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 presentations, reports and dashboards.
Quantrix Modeler, our cutting-edge financial modeling platform, addresses the limitations and risks inherent in traditional spreadsheets. Quantrix Modeler provides a robust modeling environment for professionals to intuitively model financial and operational scenarios, using our proprietary multi-dimensional calculation engine.
Quantrix Features
Budgeting, Planning, and Forecasting Features
- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
Financial Reporting and Compliance Features
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Automated board and financial reporting
Analytics and Reporting Features
- Supported: Personalized dashboards
- Supported: KPIs
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
- Supported: Benchmarking with external data
Integration Features
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
Quantrix Screenshots
Quantrix Videos
Visit https://quantrix.com/quantrix-customers/quantrix-business-modeling-of-the-future-litehouse-foods to watch Quantrix video.
Quantrix Integrations
- Azure Synapse Analytics
- Tableau Desktop
- Salesforce Sales Cloud
- JDBC Database
- XML Data Source
Quantrix Competitors
- Anaplan
- Workday Adaptive Planning
- Prophix
- Vena
- Microsoft Excel
Quantrix Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Mac |
| Mobile Application | Mobile Web |
Quantrix Downloadables
- 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.
Frequently Asked Questions
Reviewers rate Forecasting and KPIs and Key Performance Indicator setting highest, with a score of 10.
The most common users of Quantrix are from Small Businesses (1-50 employees).
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Quantrix, a versatile financial modeling tool, has been widely adopted by various organizations and educational institutions for over a decade. At the University of Trento, it has been used as a teaching and research tool in corporate finance, providing valuable insights to students and researchers. Additionally, it has been implemented in other settings such as large construction companies and oil and gas companies for budgeting, project economics, portfolio planning, and business strategy development.
Users have reported that Quantrix efficiently solves a diverse range of problems, including cash flow modeling, liquidity assessment, performance evaluation, portfolio reporting, historical tracking, and credit analysis. It is well-regarded for its ability to provide accurate financial calculations and sales forecasts while offering integrated cash flow, income statement, and balance sheet modeling. Furthermore, Quantrix aids executives in making strategic decisions by analyzing the impact on their organizations. Users also utilize Quantrix for optimizing operational efficiency, resource allocation, and advanced managerial accounting.
Quantrix Qloud serves as a client portal for institutional fixed income accounts, granting access to custom analytics that assist in portfolio management decision-making. By integrating with platforms like Amazon or Shopify, the software allows customers to import data effortlessly for sales analysis. It also provides essential functionalities for forecasting analysis, detailed production planning, financial modeling, and historical comparison.
Overall, Quantrix's use cases span across education, research, corporate finance, budgeting, project economics, sales analysis, strategic decision-making, operational efficiency optimization, and resource allocation. With its wide-ranging capabilities and broad applicability in solving complex business problems requiring model development, Quantrix continues to be a reliable tool for diverse user needs.
Powerful tool for complex financial planning models: Users have found Quantrix to be a powerful tool for building complex financial planning models. Many reviewers have stated that its multidimensional data structure and robust formula language make it easy to create and modify models quickly.
Enhanced data integration through various data sources: Quantrix allows users to import data from various sources, such as text files, other Quantrix models, and external databases. This feature has been praised by several reviewers as it enhances data integration and simplifies the modeling process.
Ability to save snapshots of computed tables in external databases: Reviewers appreciate the ability to save snapshots of computed tables in Quantrix to external databases through DataPush. This functionality helps maintain data integrity and enables further analysis, according to multiple users.
Outdated User Interface: Some users have expressed dissatisfaction with the user interface of Quantrix, describing it as outdated and archaic, giving it a 90's feel. This may give potential users the wrong impression about the capabilities of the software.
Complicated Data Connections: Several reviewers have mentioned that while data connections to Salesforce are impressive in Quantrix, connecting to other data sources can be complicated. Users would like to see a built-in connection to Quickbooks for easier integration.
Expensive Implementation: A number of users have stated that implementing Quantrix across an entire organization can be too expensive, especially for startups. The cost factor has been cited as a barrier for small businesses looking to adopt this software solution.
Attribute Ratings
Reviews
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February 16, 2022
Flexible, accurate, and cost-effective
The team utilize Quantrix for calculating sales forecasts, financial calculations, and to keep track of different types of purchases. Our sales team, finance team, and asset management team (and some in HR who oversee that) use it for these different items. Prior to this I just used Excel for this type of data tracking so this is heads and shoulders above our previous methods.
- 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
December 18, 2018
Quantrix, taking you into the future of data analysis
We utilize the Quantrix application in many facets of the company. We use it for calculating sales forecasts, capacity analysis for plant and equipment purchases, head-count adjustments, and all financial calculations. Prior to Quantrix we utilized Excel type applications. Modifications were tedious and error prone along with the lack of quick turnaround when needed.
- 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
I have over 10 years experience in using and implementing Quantrix in various organizations. Examples are the corporate budget model for a large construction company and project economics, portfolio and business planning system for oil and gas company http://www.smartmodelingsolutions.com/#Testimonials. Solutions based on Quantrix provide excellent business insight, valuable information for decision-makers.
- 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.
April 24, 2018
Production Planning made easy
Quantrix is being used for forecast analysis purposes as well as detailed production planning. Currently, this is being used by the planning department.
- Analysis
- Calculations
- Deal with lots of data and keep oversight.
- Machine learning
- Statistical analysis
I have been using Quantrix at the University of Trento for more than 10 years. Quantrix is used as a financial modeling tool and for teaching and research in corporate finance. It has been adopted in my Department (Dept of Management) by my research team (6 users) and by undergraduate students attending our Financial planning lab class (about 120 students per year since 2012).
- 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
February 14, 2018
Quantrix - "Take the red pill, Neo"
Score 10 out of 10
Vetted Review
Verified User
[It's being used for] Optimizing OR (operating room) throughput: coordinating scheduling, allocating resources, advanced managerial accounting.
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.
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
February 14, 2018
Quantrix Best Business Decision Ever for Any Type of Modeling Traditionally Done in Excel
Score 10 out of 10
Vetted Review
Verified User
We use Quantrix exclusively to budget and forecast our financials top to bottom. We use Quantrix on the manufacturing side of the business to model throughput capacity, production forecasts for SKUs, and most recently for product wheels.
- 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.
February 13, 2018
I'm really excited about Quantrix
Score 10 out of 10
Vetted Review
Verified User
I used Quantrix to develop an integrated Cash Flow, Income Statement, Balance Sheet model.
We offer Quantrix to our customers even outside of financial economic applications. As we also take care of the creation of websites and online shops; we offer Quantrix to our customers to analyze sales. For example, it is very easy to import data from Amazon or Shopify into Quantrix (through a simple XML)
- 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.
February 13, 2018
If your planning work is business critical, use Quantrix!
Score 10 out of 10
Vetted Review
Verified User
Schumacher MSFP provides external controlling services to its clients. We develop and run client specific financial business planning solutions. Our speciality is planning using macroeconomic business drivers (population, demand, income, etc.). We use Quantrix to do complex financial modelling for clients. These financial models can only be realistically done in Quantrix due to its unique set of features.
- 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.
February 13, 2018
Quantrix: What Excel Should Have Been
Score 10 out of 10
Vetted Review
Verified User
Quantrix Qloud is being used a client portal for our institutional fixed income accounts that need access to a wide array of custom analytics for solving problems along the portfolio management decision chain. This includes analytics for modeling cash flows and liquidity needs, strategy development, performance evaluation, portfolio reporting, historical tracking, credit analysis and much more. Quantrix solves an amazing number of problems from the ease of creating custom analytical models to the deployment of a professional enterprise level web-based interface that makes life for our clients incredibly easy.
- 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.
February 13, 2018
Unique and brilliant multidimensional modelling tool.
Forecasting and financial planning. Mostly within planning or finance departments. Those are just a few of the many problems it can address. It is a general-purpose modeling tool so, like Excel, can address a huge range of business problems that require a model to be developed.
- 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.
February 13, 2018
Quantrix is the best kept secret in financial forecasting. Needs to be more prominent in start-ups
Score 10 out of 10
Vetted Review
Verified User
We use Quantrix for financial modeling, forecasting, and historical comparison. It is primarily used by our executive team and allows us to analyze large strategic decisions and their predicted effect on the organization at large.
- 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.