Quantrix is the best kept secret in financial forecasting. Needs to be more prominent in start-ups
February 13, 2018
Quantrix is the best kept secret in financial forecasting. Needs to be more prominent in start-ups
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Quantrix
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.
- Quantrix is built around the idea that all of your data is a variable and the concept of cells doesn't exist. This allows you to write functions that can cross all of your data and adjust as you move data around, add or subtract data, or connect to other sources. It completely simplifies the process of building out functions without accidentally reference the wrong cell.
- Quantrix allows you to easily add more data to any matrix and all formulas automatically take the changes into consideration, unlike Excel where you have to manually change the range of cells in all formulas.
- Quantrix has a great interface for creating charts and graphs with slider bars so you can quickly set up what-if scenarios and compare multiple forecasts at the same time.
- Quantrix has an extremely outdated, archaic user interface that can easily turn potential users away. It feels like it's out of the 90's and people will quickly assume it is as capable as software in the 90's. This is not the case as it is current software with a very powerful back-end.
- Their data connections are amazing for Salesforce, but quite complicated for other data sources. Would be great to see a built in connection to Quickbooks.
- It is too expensive to push across an entire organization, especially if you are a start up.
- We haven't been using it long enough to have a known ROI, but it seems to have streamlined our financial forecasting.
- Excel
Quantrix handles financial forecasting far better than Excel because of it's object-oriented nature. It allows you to build very complex formulas without making cell range mistakes.