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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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 8.6
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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

(1-12 of 12)
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Score 7 out of 10
Vetted Review
Verified User
Really great program for calculating the capacity for our user base (what we can and can't handle) as well as for providing accurate sales forecasts. Asset management and output calculation is another area this tools really excels. Quantrix seems less suited for larger data dumps or comparing multiple data sheets to one another.
Don Reese | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
It is an amazing program for calculating the capacity of production facilities and equipment needs/purchases. Financials are quick to update and calculate and teams have great confidence in the output of the model. However, to dig into the actual data dump is a bit of a challenge at times when you are looking for a smoking gun.
Tahir Tahirov, PMP | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Reseller
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
Luca Erzegovesi | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Quantrix Modeler is one of the most appropriate software tools for developing dynamic financial planning models in small teams composed by skilled power users. There is an also Enterprise version supporting larger user bases and stronger integration with company backend systems.
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)
Brian Gregory, MD, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Good: impromptu analysis for data correlation, cause and effect, aggregation, group participation; simple and infinite replication for addition facilities, same-type situation

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.
Rich Lopez | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Anything you do in Excel you can do easier (maybe not initially as there is a learning curve), better, and more effectively in Quantrix. If there is a repeatable process that requires updates to data then Quantrix is the solution. If you need something that does highly complex structure, organization, and summarizing of data Quantrix is the answer.
Nicolao Pieroni | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Very powerful in creating models (even complex) with a library of formulas and advanced functions.

More lacking if one expects to be able to create interactive charts like those of business intelligence software (Qlik, Tableau etc ...)
Franz Schumacher | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
If it is business relevant, do it in Quantrix!

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.
Jason Klinghoffer, CFA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
I would recommend Quantrix if the person is trying to create solutions involving large data sets, complex outputs (traditionally complex formulas, output derived from inter-related or dimensional data), or needs advanced canvasing ability to create custom outputs with a wide array of custom charts, tables and scripting to choose from.

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.
John Taylor | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Reseller
Anywhere where a custom designed model of any complexity is needed and the organisation has, or can establish, a sufficiently skilled resource to master the process of model development with a new modelling language. Less appropriate when a package solution is required.
Danny Ellis | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Quantrix is amazing for forecasting financial scenarios especially when sharing with executives, board of directors, or potential investors. Allows you to quickly show multiple scenarios using assumptions so that everyone involved in the discussion can quickly make changes and see what will happen to the forecast.
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