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If your planning work is business critical, use Quantrix!
February 13, 2018

If your planning work is business critical, use Quantrix!

Franz Schumacher | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Quantrix

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.
  • 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 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 Outdated bottom-up-tool.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.
If it is business relevant, do it in Quantrix!

Quantrix beats a conventional spreadsheet by miles when you are in need of a tool to set up and maintain a complex planning solution.

Quantrix starts to shine, where a spreadsheet is starting to ache.

Use a conventional spreadsheet if you just want a quick, one-off answer.

Quantrix Feature Ratings

9.6
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
8
Management reporting
10
9.5
Local and consolidated reporting
9
Detailed Audit Trails
10
10.0
Financial Statement Reporting
10
Management Reporting
10
Automated board and financial reporting
10
9.0
Personalized dashboards
10
Color-coded scorecards
8
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
6.0
Flat file integration
8
Excel data integration
3
Direct links to 3rd-party data sources
7
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated

Using Quantrix

For a newbie it can be difficult until you get the hang of the system. Quantrix is a very logical system, once you understand its underlying ideas.
ProsCons
Like to use
Technical support not required
Well integrated
Consistent
Convenient
Feel confident using
Familiar
Unnecessarily complex
Slow to learn
  • Calculations across time
  • Multidimensional lookup
  • Programming
  • Debugging
  • Charting
  • Scripting
  • Model-design requires intelligence
Yes - The Qloud solutions works fine.