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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

(1-12 of 12)
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Score 7 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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
Incentivized
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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