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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

TrustRadius Insights

Quantrix, a versatile financial modeling tool, has been widely adopted by various organizations and educational institutions for over a …
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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%
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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

Learn Quantrix Modeler: Aggregate Indirectly Related Matricies Us As 0302

YouTube

Quantrix | Natural Language Formulas | No More VLOOKUP

YouTube

Getting Started with Quantrix: 5 Key Concepts to Building Models

YouTube

Quantrix Introductory Demo | Getting Started with Modeler | Part 1

YouTube

What is Quantrix? How to use Quantrix? Learn basic concepts and differences: Quantrix vs. Excel.

YouTube
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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

9.3
Avg 8.3

Consolidation and Close

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

8
Avg 8.1

Financial Reporting and Compliance

Financial statements and regulatory filings

9
Avg 8.2

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

8.5
Avg 8.0

Integration

Ability to integrate with external applications.

9
Avg 8.3
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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 Integrations

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)

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!

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

(1-11 of 11)
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Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • Saves tons of time when it coms to forecast and modification calculations
  • Very accurate, which has reduced the amount of rework and double checking we've had to do
  • Allowed us to have higher confidence in our models and has empowered individuals to take on related tasks/data themselves
Don Reese | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Tahir Tahirov, PMP | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Reseller
  • 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
Luca Erzegovesi | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • 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
Brian Gregory, MD, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Encouragement to move to alternative managerial accounting system
  • Clarification of harmful KPIs; rational analysis and encouragement of focused efforts by operators
  • Potential tight linking between top management decisions and operators
  • Team work encouragement
Rich Lopez | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • 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!
Nicolao Pieroni | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • As I started using QUantrix for personal interest, outside the company where I work and only now we start to offer it to our customers (we deal with consulting on ERP Sage X3) I still do not have enough elements to answer this question
Jason Klinghoffer, CFA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Quantrix has boosted profitability and has proven its worth time and again. The platform has put us on the radar doing things even our biggest competitors could only dream of. We are still early in the development and deployment of our Quantrix Qloud based system to clients, but we already have early adopters coming over from competitor systems that cost exponentially more and do significantly less than what we provide. We feel it is only a matter of time for our Qloud driven analytics to become more mainstream in our space.
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