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
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.
Don Reese | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
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.
Tahir Tahirov, PMP | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Reseller
I have over 10 years experience in using and implementing Quantrix in various organizations. Examples are the corporate budget model for a large construction company and project economics, portfolio and business planning system for oil and gas company http://www.smartmodelingsolutions.com/#Testimonials. Solutions based on Quantrix provide excellent business insight, valuable information for decision-makers.
Luca Erzegovesi | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
I have been using Quantrix at the University of Trento for more than 10 years. Quantrix is used as a financial modeling tool and for teaching and research in corporate finance. It has been adopted in my Department (Dept of Management) by my research team (6 users) and by undergraduate students attending our Financial planning lab class (about 120 students per year since 2012).
Brian Gregory, MD, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
[It's being used for] Optimizing OR (operating room) throughput: coordinating scheduling, allocating resources, advanced managerial accounting.

The limitations for Quantrix are mostly self-imposed. Quantrix is like a word processor after you've been using a manual typewriter. You now have to think about what you're actually doing (saying) instead of worrying about typos in the equations. Get your concepts right, and the sky's the limit.
Rich Lopez | TrustRadius Reviewer
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.
Nicolao Pieroni | TrustRadius Reviewer
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)
Franz Schumacher | TrustRadius Reviewer
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.
Jason Klinghoffer, CFA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Quantrix Qloud is being used a client portal for our institutional fixed income accounts that need access to a wide array of custom analytics for solving problems along the portfolio management decision chain. This includes analytics for modeling cash flows and liquidity needs, strategy development, performance evaluation, portfolio reporting, historical tracking, credit analysis and much more. Quantrix solves an amazing number of problems from the ease of creating custom analytical models to the deployment of a professional enterprise level web-based interface that makes life for our clients incredibly easy.
John Taylor | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Reseller
Forecasting and financial planning. Mostly within planning or finance departments. Those are just a few of the many problems it can address. It is a general-purpose modeling tool so, like Excel, can address a huge range of business problems that require a model to be developed.
Danny Ellis | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We use Quantrix for financial modeling, forecasting, and historical comparison. It is primarily used by our executive team and allows us to analyze large strategic decisions and their predicted effect on the organization at large.
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