Quantrix

Quantrix

Score 7.3 out of 10
Quantrix

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...
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Recent Reviews

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Popular Features

View all 22 features
  • Forecasting (12)
    10.0
    100%
  • Financial budgeting (12)
    9.0
    90%
  • Scenario modeling (12)
    9.0
    90%
  • Management reporting (12)
    9.0
    90%

Reviewer Pros & Cons

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Video Reviews

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Pricing

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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…

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://quantrix.com/contact

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Alternatives Pricing

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What is Vena?

Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.

What is Budgyt?

Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt presents what the vendor describes as an optimized budgeting experience that rids users of complex, error-prone spreadsheets…

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Product Demos

Quantrix Overview Video - Forecasting, Budgeting, Planning and What if Scenarios
01:56
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Features

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

9.3Avg 8.5

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

8Avg 8.3

Financial Reporting and Compliance

Financial statements and regulatory filings

9Avg 8.5

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

8.5Avg 8.0

Integration

Ability to integrate with external applications

9Avg 8.5
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Product Details

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

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Quantrix Videos

Quantrix Competitors

Quantrix Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows, Mac
Mobile ApplicationMobile Web

Frequently Asked Questions

Anaplan, Workday Adaptive Planning, and Prophix are common alternatives for Quantrix.

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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Comparisons

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Reviews and Ratings

 (16)

Attribute Ratings

Reviews

(1-11 of 11)
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Score 7 out of 10
Vetted Review
Verified User
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.
Tahir Tahirov, PMP | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Reseller
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 cost-effective, tailored solution. It is a modeling tool that allows the easy and quick creation of multiple scenarios, conducting “what-if” analysis to accommodate uncertainty associated with forecasts.
Luca Erzegovesi | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
  • Microsoft Excel and Apple Numbers
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 group of alternatives to the Enterprise version of Quantrix.
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.
Rich Lopez | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
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.
Nicolao Pieroni | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
I have used (and I continue to use) Corporate Planning (https://www.corporate-planning.com) for one of our customers.
Quantrix is much more powerful in computing capacity and possibilities offered in modeling.
Corporate Planning is very powerful in aggregating data on a predefined structure, offering the possibility of separating the data import from the model structure.
Franz Schumacher | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
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.

Excel is not auditable, unreliable and cannot move well through time. Outdated bottom-up-tool. Not in the same league.

Mathlab is very expensive to run. In another domain, not directly comparable.
Jason Klinghoffer, CFA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
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 attractive output for sure...but don't think it has the same calculation library, dimensional relations between data and ability to manipulate underlying matrices. Quantrix has built in a feature to link your data to Tableau so you can now use your Quantrix Data and visualize it in Tableau. Given our use of the Qloud as a client interface, Tableau doesn't make a lot of sense for us (though I wouldn't mind having some of the visualization power it brings to the table).
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