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Quantrix, a versatile financial modeling tool, has been widely adopted by various organizations and educational institutions for over a …
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…
Recent Reviews
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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Product Demos
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
- About
- 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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(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!
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- 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)Companies can't remove reviews or game the system. Here's why
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
74%
7.4
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5.6
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- 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
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.
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
100%
10.0
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96.66666666666666%
9.7
90%
9.0
96.66666666666666%
9.7
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- 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.
Excel has always been the program we have used. The time it took to modify and update projects was tedious and labor intensive.
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.
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10.0
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9.0
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6.7
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- 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
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.
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.
100%
10.0
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10.0
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10.0
86.66666666666666%
8.7
83.33333333333334%
8.3
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- 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
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.
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.
96%
9.6
95%
9.5
100%
10.0
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3.0
60%
6.0
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- Many of our solutions could hardly be built without it.
- We were able to cut reporting time by 80% for a client.
- Qloud has huge potential.
- R language, Microsoft Access and Microsoft SQL Server
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.
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.
- Calculations across time
- Multidimensional lookup
- Programming
- Debugging
- Charting
- Scripting
- Model-design requires intelligence
Yes
The Qloud solutions works fine.