Overview
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…
Flexible, accurate, and cost-effective
Quantrix, taking you into the future of data analysis
Need a cost-effective planning, budgeting tool? Tired of inflexible solutions or error-prone spreadsheets? Here is a solution
Production Planning made easy
A powerful and accessible solution to build financial planning models
Quantrix - "Take the red pill, Neo"
Quantrix Best Business Decision Ever for Any Type of Modeling Traditionally Done in Excel
I'm really excited about Quantrix
If your planning work is business critical, use Quantrix!
Quantrix: What Excel Should Have Been
Unique and brilliant multidimensional modelling tool.
Quantrix is the best kept secret in financial forecasting. Needs to be more prominent in start-ups
Popular Features
- Forecasting (12)10.0100%
- Financial budgeting (12)9.090%
- Scenario modeling (12)9.090%
- Management reporting (12)9.090%
Pricing
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…
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Demos
Learn Quantrix Modeler: Aggregate Indirectly Related Matricies Us As 0302
Quantrix | Natural Language Formulas | No More VLOOKUP
Getting Started with Quantrix: 5 Key Concepts to Building Models
Quantrix Introductory Demo | Getting Started with Modeler | Part 1
What is Quantrix? How to use Quantrix? Learn basic concepts and differences: Quantrix vs. Excel.
Features
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 9.7Long-term financial planning(11) Ratings
3-5 year financial plan with cashflow.
- 9Financial budgeting(12) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 10Forecasting(12) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 9Scenario modeling(12) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 9Management reporting(12) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 8.3Financial data consolidation(6) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8.4Multi-currency management(4) Ratings
Ability to handle foreign currency conversions during consolidation.
- 8Minority Ownership(4) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 8.7Local and consolidated reporting(7) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 6.7Detailed Audit Trails(5) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9Financial Statement Reporting(10) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 9Management Reporting(12) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 9Automated board and financial reporting(11) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 8Personalized dashboards(12) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 6.4Color-coded scorecards(5) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 10KPIs(10) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 8.6Cost and profitability analysis(10) Ratings
Cost and profitability analysis provides data for business decision making.
- 10Key Performance Indicator setting(11) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 8.2Benchmarking with external data(10) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 9Flat file integration(12) Ratings
Integration of flat files like text documents and comma separated files
- 9Excel data integration(12) Ratings
Ability to integrate directly with Excel data.
- 9Direct links to 3rd-party data sources(12) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Quantrix?
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
Comparisons
Compare with
Reviews and Ratings
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Community Insights
- Business Problems Solved
- Pros
- Cons
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
(1-5 of 5)Quantrix, taking you into the future of data analysis
- 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
- Long-term financial planning
- 100%10.0
- Financial budgeting
- 100%10.0
- Forecasting
- 100%10.0
- Scenario modeling
- 100%10.0
- Management reporting
- 100%10.0
- Financial Statement Reporting
- 100%10.0
- Management Reporting
- 100%10.0
- Automated board and financial reporting
- 90%9.0
- Personalized dashboards
- 90%9.0
- KPIs
- 90%9.0
- Cost and profitability analysis
- 90%9.0
- Key Performance Indicator setting
- 90%9.0
- Benchmarking with external data
- 90%9.0
- Flat file integration
- 90%9.0
- Excel data integration
- 100%10.0
- Direct links to 3rd-party data sources
- 100%10.0
- 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.
- 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.
- Long-term financial planning
- 100%10.0
- Financial budgeting
- 100%10.0
- Forecasting
- 100%10.0
- Scenario modeling
- 100%10.0
- Management reporting
- 70%7.0
- Financial Statement Reporting
- 90%9.0
- Management Reporting
- 80%8.0
- Automated board and financial reporting
- 70%7.0
- Personalized dashboards
- 100%10.0
- KPIs
- 90%9.0
- Cost and profitability analysis
- 80%8.0
- Key Performance Indicator setting
- 90%9.0
- Benchmarking with external data
- 60%6.0
- Flat file integration
- 70%7.0
- Excel data integration
- 70%7.0
- Direct links to 3rd-party data sources
- 80%8.0
- My client replaced 150 Excel Spreadsheets, 10 interlinked files for 60 facilities in 6 regions with only one Quantrix Multidimensional Model
- 1 Quantrix Formula replaced about 1500 Excel Formulas
- They reduced budgeting time from 3 months to one week
- Quantrix training and creating a large and complex budget in only 10 days
- 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)
- Long-term financial planning
- 100%10.0
- Financial budgeting
- 90%9.0
- Forecasting
- 90%9.0
- Scenario modeling
- 90%9.0
- Management reporting
- 80%8.0
- Financial Statement Reporting
- 90%9.0
- Management Reporting
- 70%7.0
- Automated board and financial reporting
- 70%7.0
- Personalized dashboards
- 80%8.0
- KPIs
- 80%8.0
- Cost and profitability analysis
- 70%7.0
- Key Performance Indicator setting
- 80%8.0
- Benchmarking with external data
- 70%7.0
- Flat file integration
- 80%8.0
- Excel data integration
- 60%6.0
- Direct links to 3rd-party data sources
- 80%8.0
- I work in a not for profit organization, so the ROI concept isn't applicable to us. However, Quantrix has allowed us to become more productive in modeling and data management activities related to research
- The adoption of Quantrix Modeler in our classes has become a major factor of innovation and differentiation of our undergraduate programmes
- Microsoft Excel and Apple Numbers
Vis-à-vis spreadsheets, Quantrix has much better functionalities for designing complex models with a transparent business logic and substantial computational power. Model extension/modification is much much easier and controllable activity. Still Quantrix retains the immediacy and intuitiveness of a spreadsheet application.
The more mature spreadsheet applications, apart from the gentler learning curve, may offer more accessible data analytics functionalities (such as pivot tables) and features for producing charts and reports.
Quantrix Best Business Decision Ever for Any Type of Modeling Traditionally Done in Excel
- 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.
- Long-term financial planning
- 100%10.0
- Financial budgeting
- 100%10.0
- Forecasting
- 100%10.0
- Scenario modeling
- 100%10.0
- Management reporting
- 100%10.0
- Financial data consolidation
- 100%10.0
- Multi-currency management
- 100%10.0
- Minority Ownership
- 100%10.0
- Local and consolidated reporting
- 100%10.0
- Detailed Audit Trails
- 100%10.0
- Financial Statement Reporting
- 100%10.0
- Management Reporting
- 100%10.0
- Automated board and financial reporting
- 100%10.0
- Personalized dashboards
- 100%10.0
- Color-coded scorecards
- 70%7.0
- KPIs
- 70%7.0
- Cost and profitability analysis
- 100%10.0
- Key Performance Indicator setting
- 100%10.0
- Benchmarking with external data
- 100%10.0
- Flat file integration
- 90%9.0
- Excel data integration
- 60%6.0
- Direct links to 3rd-party data sources
- 50%5.0
- Budget Process now takes a handful of weeks instead of 3 months.
- Reduces work on monthly journal entries from 16 hrs plus to < 10 minutes.
- Turns lights on for capacity modeling. Capacity model used to take 1 week to update with no scenario capabilities. Now using Quantrix it takes minutes with the capability to add scenarios!
- BizNet Excel Suite and Microsoft Access
Quantrix is the best kept secret in financial forecasting. Needs to be more prominent in start-ups
- 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.
- Long-term financial planning
- 100%10.0
- Financial budgeting
- 100%10.0
- Forecasting
- 100%10.0
- Scenario modeling
- 100%10.0
- Management reporting
- 100%10.0
- Financial data consolidation
- 100%10.0
- Multi-currency management
- 100%10.0
- Minority Ownership
- N/AN/A
- Local and consolidated reporting
- 100%10.0
- Detailed Audit Trails
- 50%5.0
- Financial Statement Reporting
- 100%10.0
- Management Reporting
- 100%10.0
- Automated board and financial reporting
- 100%10.0
- Personalized dashboards
- 100%10.0
- Color-coded scorecards
- N/AN/A
- KPIs
- 50%5.0
- Cost and profitability analysis
- 90%9.0
- Key Performance Indicator setting
- 60%6.0
- Benchmarking with external data
- 90%9.0
- Flat file integration
- 80%8.0
- Excel data integration
- 100%10.0
- Direct links to 3rd-party data sources
- 30%3.0
- We haven't been using it long enough to have a known ROI, but it seems to have streamlined our financial forecasting.
- Excel