If you’re looking for a new financial modeling tool that allows you to do more, then you’re in the right place!
Although spreadsheet options can be flexible, they’re generally not scalable and may break when confronted with large amounts of data. Additionally, it can be nearly impossible to verify if changes made to your model are accurately mapped throughout the rest of it. If you’ve experienced one of those issues or something similar, you’re likely in need of a replacement.
Best Quantrix Features:
Real language formulas
Formula suggestions and corrections
Easy drag and drop linked structure & automatic lookups
Automatic data summarization (subtotals, totals, etc.)
Always-on pivoting without formula errors
Familiar spreadsheet function library
Multi-dimensional calculation engine
Configurable built-in timelines
Customizable cell formatting
Visual “map” of cell dependencies and formula tracing
Unlimited data sources / connections for importing external data
Data push functionality to send Quantrix data back to enterprise systems
Granular user permissions
Unlimited custom user roles
No-code app development via Canvas
Custom Groovy scripting functionality
Example model templates
Built-in training models
Credentials manager for securing data authentication details
Free access to publish models to Quantrix Public Qloud
Determining the best financial modeling software in 2023 can be overwhelming. There are numerous options all claiming to solve your modeling and planning problems. In fact, if you search for “Best Financial Modeling Software” on Google, you’ll find over 600 million results. Making things even more complicated, every company has wildly different selling points and pricing structures.
To help make your decision easier, we’ve developed a 4-prong framework to assist you in deciding what’s important to you and your business.
All financial modeling software can be viewed from 4 separate perspectives: Agility, Scalability, Structure and Pricing.
When we talk about agility with respect to financial modeling, we’re looking to answer the question: can you create any type of model that works for your business?
Traditional spreadsheets are known for their agility. When you open a new workbook in Excel, you’re met with a blank canvas of cells. This offers you the ability to create a model tailored to your business. An additional benefit is that traditional spreadsheets can be used by just about everyone. They don’t require special Admins to develop or configure the models. In summary, traditional spreadsheets can answer ‘yes’ to the question above.
Enterprise Planning Tools
Enterprise Planning Tools are not agile. The main reason for this is that they are limited in their customizability. This category of tools does not offer the same “blank canvas” style of model creation. Rather, you’ll find preset options that you can configure to best-fit to your organization. These tools can also require consultants and experts during both creation and maintenance, and as a result cannot successfully answer the agility question.
Quantrix | Financial Modeling Tools
Quantrix is designed expressly for modelers and planners. Similar to traditional spreadsheets, Quantrix models begin as a blank slate that can be used to create models specific to your business needs. Your creations are only limited by your imagination. Additionally, many users are able to build their models on their own. Resources can be provided if users wish to get extra help or consulting work. Quantrix is able to answer “yes” to the question raised above.
When referring to scalability with respect to financial modeling software, we’re trying to answer the question: can you modify, expand, and grow your model over time?
Traditional spreadsheets struggle with scalability. Much of this struggle can be attributed to the formula writing. Formulas are written and maintained in cells. That means adding new products, years or regions to a model can be complicated and time consuming. As a result, spreadsheets tend to not be very scalable.
Enterprise Planning Tools
Enterprise Planning Tools are designed to be scalable. Their ability to expand in the presence of changes, makes them powerful assets for companies. As long as your business fits into the available configurations, then it should be possible to scale your models over time. Enterprise Planning Tools are able to answer “yes” to the scalability question.
Quantrix | Financial Modeling Tools
Quantrix offers among the most powerful scalability. Business models don’t look the same year over year. New products and regions can be added with a single click. This is possible because formulas are separated from the cells. No matter how many columns or rows you add, the formulas won’t break. Quantrix easily answers “yes” to the scalability question.
When referring to structure with respect to financial modeling software, we’re trying to answer the question: how well does the modeling software reflect your actual business structure and how easy is it to change?
Using Traditional Spreadsheets, you may be able to put together a model that accurately represents your business, at least in the beginning. The difficulty begins when your business grows or changes. For example, if you add a new product to your model, are you confident that type of change is properly mapped and connected throughout the rest of it? Chances are, you’re not.
Enterprise Planning Tools
Enterprise Planning Tools can be adjusted to accommodate changes to your business, but it can be time and/or money intensive. In many cases, if you want to make an update, such as a new product, you’ll need to utilize consultants or raise an IT ticket to get the job done. As a result, this category of software is limited.
Quantrix | Financial Modeling Tools
Quantrix structure is easy to build and maintain. Model expansion is greatly simplified. Adding a new category can be done by a modeler (not an admin), by simply hitting “Enter.” The changes are instantly replicated throughout the rest of the model. With Quantrix, you’re not only able to create models that represent your company, you can do so even as your business or external factors change.
Another major factor in purchasing software is the price. The price of software comes in two forms: the financial cost and the time cost.
Traditional Spreadsheets ($)
Traditional Spreadsheets are generally inexpensive and sometimes even free with the purchase of your computer. For smaller use cases, this is a great option. However, once your models become larger, the time needed to manage, maintain and audit can overcome the “free” nature of the tool.
Enterprise Planning Tools ($$$$)
Enterprise Planning Tools are the most expensive monetarily. Not only is the software pricey, the consultants/experts required to implement, maintain and manage the model can skyrocket the deal size. They are scalable tools so time savings may be found when expanding models – however, it will likely be modest compared to the original sticker price.
Quantrix | Financial Modeling Tools ($$)
While Quantrix isn’t free, it doesn’t carry a hefty price-tag in comparison to the Enterprise Planning Tools. It’s a scalable tool, that’s easily maintained and even offers ways to audit all the changes made in a model. That, combined with a fast multi-dimensional calculation engine, means that you’ll also save time. This extra time can be used to create new models, plan, and answer important business questions.
Your use case and needs will help to guide your decision. Check out the chart below to see our final results.
Quantrix is the complete package. If you would like to see how Quantrix can improve your business, book a demo today!
2022 has been another great year for Quantrix! Our team has continued to grow, we had a couple of major releases, we hosted our annual user conference, and we created a slew of new content. While we have exciting goals for 2023, we wanted to take this opportunity to look back at 2022 and share some of our favorite updates and additions.
In 2022 we added new members to our Sales and Engineering teams. This will help us continue to grow our product and our presence in the market. New perspectives bring valuable insights into our organization. Our newest members have already made a difference for our business.
Major Releases: 22.1 & 22.2
This year we introduced Single Sign-On (SSO), Summarize, a Credentials Manager, Item Filters, Smart Buttons, and the ability to import Salesforce Reports. We listen to our customers and take their feedback seriously. When we make changes to our software, we always keep our users in mind.
The list above is just a selection of the many improvements and fixes we launched this year. If you would like to read more about these or any other features, please check out our Online Help or read our Release Notes.
This year we hosted Dimension 2022 online. Over the course of two days attendees heard directly from the Quantrix team as well as an incredible line up of presenters. Customers from a wide range of industries shared their Quantrix experiences and answered audience questions. For those of you who didn’t attend, the sessions were recorded and are now available to watch.
Quantrix Qloud is an amazing product our customers use to share their models online. Getting started on any software can seem challenging, so to help alleviate any concerns, we created a three-part video training series for new Qloud users. Whether you’re a Qloud Admin, or you’re simply sharing and managing models, this new training will get you up to speed.
This year we hosted a webinar entitled: How to Ignore Spreadsheet Structure and Come Out Ahead. During the presentation, we reviewed commonly recommended best practices for structure in financial modeling spreadsheets and showed you how to save time and create more powerful models by ignoring those rules. You can watch that now!
2022 was also a big year for content creation. We posted a series of blogs, videos and resources geared toward both new and longtime users. To see the full catalogue of content, visit our resources page.
For many people, the end of each year is a great opportunity for reflection. This is true for both individuals and organizations. As many people will be creating New Year’s resolutions and looking for ways to better themselves, so will we. We will continue to make a product our customers are proud to use and ensure that new users around the globe can learn about Quantrix and make the shift away from spreadsheets.
This time of year is also an important occasion to give thanks. With that in mind, we wanted to say a heartfelt “thank you” to our customers, conference presenters and supporters around the world. This is an exciting time for Quantrix. Stay tuned for 2023!
Our Senior Solutions Consultant, Lyndsey Weber, has provided countless demos and worked closely with customers in just about every industry. Through this collective experience, she has gained powerful insight into the struggles of spreadsheet users. Although every use case is different, there are many common themes that she has encountered during these meetings. We sat down with Lyndsey recently to discuss her learnings.
Can you describe your role as a Senior Solutions Consultant?
My role is focused on helping potential customers discover how Quantrix can resolve their challenges. Beyond demoing Quantrix and illustrating how our product can help, I spend a lot of time learning about customers’ challenges and partnering with them to ensure that Quantrix is the right fit for their requirements. My job doesn’t end when we gain the business, though – I stick around to ensure our users have the confidence in learning and implementing Quantrix in their teams, and I love brainstorming with customers on new use cases and ideas on how to get even more value out of the product.
How are Quantrix demos structured?
Before we dive into a detailed demo, our team will spend time making sure we really understand your challenges and the requirements we need to meet (or exceed) to earn your trust. I want you to come away from a Quantrix demo with clarity on why and how Quantrix can solve your specific challenges so that you can confidently go to your team for approval and a decision to buy. A typical Quantrix demo lasts about an hour, and we will tailor it to the specific needs and challenges you told us about. We will share a bit about who we are but will spend most of the time in interactive discussion, building a Quantrix model live and showing some examples of fully built models relevant to your use case. The best demo sessions are the ones where you are not afraid to stop me and ask questions or tell me if something strikes a chord.
When speaking to prospects, what are some common themes?
Reducing risk of error, expanding complicated models with greater ease, and enabling people to do their jobs better and more strategically are key themes. Many prospects are looking to break a cycle of labor intensive, spreadsheet-based processes or need a more agile way to do “clean sheet” modeling that their large ERP systems cannot fulfill at the pace the business environment is changing. These are things we have been helping our customers do for almost 20 years.
Are there some FAQs that come up during the demos?
There are always questions on how models in Quantrix can be audited and collaborated on by multiple users. I spend a good portion of time in demos showing Quantrix’s powerful version control, audit trail, and our visual dependency inspector that gives you an explorable “map” of how every cell in a model is connected and calculated. Another key topic that comes up is data integration, so every demo contains a segment on importing data into Quantrix and how we enable users to also push data out of Quantrix and back into their other enterprise systems. I’m often asked about the best way to get started in Quantrix, so I like to give a preview of Quantrix’s built in training models and our free model templates that new users can access instantly – even with our free 30-day trial.
What are some “lightbulb” moments for prospects?
Usually someone raises an eyebrow when we mention a few of our customers’ models that span upwards of a billion cells yet contain just a few hundred formulas – they always wonder how that is possible. I love that curiosity and then the lightbulb moment that comes when they see just a few formulas automatically cascade through hundreds of rows or columns. Formulas in Quantrix are typed in real language or “sentence-style” and I am thrilled when prospects interrupt me as I’m typing and they guess the rest of the formula – even though they have only seen Quantrix for a few minutes! The fact that data in Quantrix can be pivoted on the fly and formulas remain intact is another moment where prospects start to visualize the ways that Quantrix can help make their lives easier and give them greater flexibility. The ability to add a new year, scenario, or growth rate with just a click is something that really unlocks the imagination for a lot of our prospects who see Quantrix for the first time. It never gets old!
Are there any industries that you haven’t worked with?
I’ve had the chance to meet customers from nearly every industry vertical you can think of – investment banking, manufacturing, supply chain, energy, consulting, agriculture, insurance, entertainment…the list goes on! If you check out our list of solutions by industry and don’t see yours there, I would love to meet you. Learning about how businesses operate in different industries is one of my favorite things about my job. Our financial modeling software is designed to work for every use case.
You now offer a new onboarding service. Can you explain that?
We soft-launched our new Accelerate program this year. For customers who are looking for a focused, sprint-style coaching program to get their Quantrix skills sharpened, and their first model prototype stood up quickly, this might be the program for you. It’s a 6-week, 16-hour program where I will coach you on everything you need to know to build your first model on your own. Like an intense fitness bootcamp, it requires time outside the “classroom” and practice modeling on your own. But I’ll be there each step of the way to guide you on best practices, methods, and tips to get your model working. As a result, you’ll build confidence in your own modeling capabilities.
Additionally, we have a great network of partners who can do the model building for you. And of course, you can always self-implement by reviewing our training materials, instructional videos and utilizing our answers forum.
Regardless of whether you choose to work with a partner or participate in the Accelerate program, we’ll help you achieve success through our Onboarding Framework shown below. Find out more about the Quantrix Customer Onboarding Framework.
How can someone get in touch or schedule a demo?
Easy! Fill out our demo form and we’ll reply quickly to get your questions answered.
Writing and managing spreadsheet formulas can be a tall task. That task becomes even more challenging when your model expands in size. Adding new products, years or regions to your spreadsheet can dramatically increase the cell count and the formula count. This article will provide you with some best practices to keep your models and formulas in check.
Why are formulas so important?
Your formulas determine the accuracy and scalability of your models. Over the years we’ve talked to customers and prospects about their modeling concerns. Many of these conversations revolved around formulas. For that reason, we developed a Spreadsheet Best Practices Checklist.
Spreadsheet Best Practices Checklist:
The number of formulas in my workbook is reasonable*
I can maintain and update my model at a moment’s notice
I can audit each of my formulas to ensure they are working correctly
If I share my model, I am confident that the data will remain unaltered
There is only one version of the truth
The size of my data is not impacting my performance
The structure of my model is easy for others to comprehend
The person who created the spreadsheet still works at my company
If you couldn’t check all the boxes or are unsure about any item(s) on the checklist, your spreadsheet may be sinking. Don’t worry! There’s a life raft. Keep reading to learn more about formula writing and how to keep your model afloat.
What are “Battleship” Formulas?
In the Battleship boardgame, players place toy battleship pieces into a grid. They then take turns calling out grid coordinates hoping to hit their opponent’s ship. Similar to the Battleship boardgame, your spreadsheet uses grid coordinates to write formulas. Beneath the surface, each of these formulas leave you guessing: what’s F4 or B7? One cell change or error can sink your entire model. Worst of all, it may be very difficult for you to figure out what went wrong.
If you’re using a traditional spreadsheet…
Keep actuals separate from calculations and input cells*
Use named ranges to help simplify your spreadsheet formulas*
*These options, however, are just workarounds and do not fully resolve the core problem with spreadsheets: Formulas are stored within cells.
RESOLUTION: Scrap Spreadsheets, Use a Financial Modeling Tool
While traditional spreadsheets have workarounds, they lack a true permanent solution. Luckily, there are spreadsheet alternatives, like Quantrix, designed to keep formulas manageable.
Let’s take a look at how Quantrix formulas work.
Quantrix formulas are completely separated from the cells. In the image below, you can see the calculated cells at the top, but the formulas can be read and edited in a separate pane beneath. Even as your model grows, your formulas won’t break.
Introduction to Real Language Formulas:
If you’ve used traditional spreadsheets, you’re most likely familiar with the coordinate-style of formula writing. For example, you click in a cell and type “= B7 – C7.” Then, depending on your model, you will copy or drag your formulas across an array of cells. With Quantrix, you can forget about these “Battleship” coordinates and start writing with natural language. In addition to being much more easily understood, these formulas do not need to be copied or replicated. In the image below, you can see some Real Language Formula examples. You can immediately understand what these formulas are calculating.
Example: Gross Profit = Revenue – COGS
Best practices are easier to follow when they’re built-in to the product. Quantrix was designed to do just that.
If your spreadsheets are breaking, it might be time to jump ship and try Quantrix!
Want to learn more?
We would love to hear from you! We offer personalized live demos where our experts can show you how Quantrix can solve your modeling and planning problems. You can also take advantage of our free 30-day trial.
We recently hosted Dimension 2022, our annual conference. Over the course of two days attendees heard directly from the Quantrix team as well as an incredible line up of presenters. Customers from a wide range of industries shared their Quantrix experiences and answered audience questions.
For those of you who could not attend, these sessions were recorded and are now available to watch.
We are happy to announce that we recently released our new Qloud Training Video Series! There are three videos designed to help you get started. Check them out below!
Using Models on Qloud
Are you new to using Quantrix Qloud? If so, this video is a great place to start. Learn about Qloud, how to use it and common terminology you may see when sharing and editing models.
Managing Models on Qloud
In this video, we review connecting Modeler & Qloud, the Qloud menu in Modeler, publishing to Qloud, checking-in & checking-out, model locking, the Qloud Portal, sharing models, removing access, viewing versions, and deleting vs. removing a model.
Qloud Admin Tutorial
In this video, we review the Qloud Admin menu, creating & managing users, the models list, settings, model server, and other features!
Before we can discuss the future of financial modeling, we might want to have a bit of historical context for electronic spreadsheets. After all, it wasn’t that long ago that paper ledgers were the standard for budgeting, accounting, and operational planning.
The origin of electronic spreadsheets dates to June of 1979 with VisiCalc. Amazingly, many of the initial concepts used in the preliminary versions remain intact today. To learn more, watch the TedTalk: Meet the Inventor of the Electronic Spreadsheet.
While the user interface has seen some updating and some of the use cases and calculations may seem rudimentary by today’s standards, early programs laid the foundation for the future. Over time, as the notion of these types of spreadsheets grew in popularity, so did certain terminology: tables, rows, columns, cells.
In fact, today many personal and business computers come with spreadsheet software pre-installed. Spreadsheets are so popular that nearly every student and every business is likely to be familiar with spreadsheet basics. Unfortunately, the fast growth and ubiquity of spreadsheets has come despite persistent flaws in their architecture, and spreadsheet popularity tends to overshadow more robust approaches to financial modeling which we will describe below.
Countless stories have been told about the risk of spreadsheet errors and there is clear evidence that ignoring best practices could lead to potential issues. As the use of these tools became ubiquitous, a series of best practices emerged to mitigate the flaws of spreadsheets, especially for financial modeling, such as keeping actuals separate from calculations and input cells (see the table below for a full list).
That said, if modelers keep all the best practices in mind, spreadsheets can hold a great deal of value for a variety of needs. They are essentially a blank canvas, and as a result, they are incredibly agile.
Spreadsheets aren’t perfect and as requirements scale, new solutions might be required.
A defining concept of spreadsheet software is that all model information is contained in the cells. That is to say, the data, the formulas, the logic, the structure, the checks etc. etc. are overloaded and every cell that participates in the structure and logic will have its own unique formula. There is no structure, no logic, and no relationships that are not designed and implemented by the modeler through abstract formulas and references like “=sum(VLOOKUP(L34,MySheet!A17..C29,2,FALSE)” where the business meaning of the value to be looked up and the search range is unknown, and the proper functioning of the formula requires a certain configuration of data that is not validated or supported by the spreadsheet at all, yet it must be absolutely correct to return the proper answer.
Such a system might seem flexible at first, but as soon as structure and logic are built, models start to become rigid and fragile.
If a cell value is deleted, so too is its formula, which may cause the entire logic of the spreadsheet to fail and provide incorrect answers – if those answers were correct in the first place.
Furthermore, carefully built structure is resistant to change – if ever the model needs to scale out, adding new scenarios, products, regions, departments, channels, accounts etc. Customers describe the horrors of “open sheet surgery” wherein worksheets are duplicated, thousands of formulas changed or added, and the whole thing stitched back together.
Whole industries exist to reinforce best practices and mitigate the risks of spreadsheets, to audit spreadsheets, and to patch the functionality of spreadsheets with add-ons of various kinds.
If your needs extend beyond simple budgets and forecasts, to complex operational models in sales operations, supply chain, manufacturing, real estate or strategic finance you may run into the limitations of spreadsheets. For that reason, two other software categories have emerged: Enterprise Planning Tools and Financial Modeling Software.
Can these alternatives replace spreadsheets but address the more intense demands of real business planning and operations? Let’s explore.
Enterprise Planning Tools
Enterprise Planning Tools, as the name implies, are designed explicitly for large enterprises. While they provide the scalability and governance enterprises expect, such platforms also require enterprise grade resources, of both the financial and people varieties, to deploy and manage. Often they require database admins, IT admins, plus configuration and developer resources to be customized to the specific needs of the business.
Such planning tools provide a robust platform to develop important, standardized models that will be used by multiple stakeholders in the business. Those models will be managed, maintained and run as any large scale project would be. Adopting these systems can help to standardize certain business processes but buyers should expect some ‘sticker shock’ when it comes to purchasing this category of solution.
Beyond the costs and resources required, the limitation of enterprise planning tools is agility. Models that used to take a few minutes to create in a spreadsheet now might take multiple people, multiple design / build cycles and become similarly rigid. Most customers of enterprise planning tools actually never get rid of their spreadsheets, and end up modeling in a spreadsheet anyway, and later attempt to push back into the planning system as a repository. Many enterprise planning tools use spreadsheets as the “front end,” in many cases defeating the purpose of more rigorous model development but maintaining the cost.
A New Generation of Financial Modeling
Now that we understand where we’ve come from, you’re probably wondering: what is the future of financial modeling? Is there a software option that addresses the major pitfalls of spreadsheets at a reasonable price and maintains agility throughout the model lifecycle?
The answer: Professional financial modeling software from Quantrix.
Quantrix provides the agility of spreadsheets and the scalability and governance of an enterprise planning application. Moreover, Quantrix Qloud includes low-code design of model-based applications, so that the power of your models can be distributed in easy-to-use applications across your organization.
How is this possible?
Matrices: Unlike spreadsheets, every familiar table you see in Quantrix is actually a multi-dimensional matrix under the hood. This means that adding a new scenario, region or product is a single click, no more “open sheet surgery” required. Need an entire new forecast for next year? Again, a single click, no more saving a copy, dragging formulas, or duplicating sheets. Customers have reported up to 75% reduction in time to prepare operational reviews compared to their old spreadsheets.
Named Objects & Real-language formulas: Categories and metrics in your model are all referenced by their names, you can use the same familiar spreadsheet formula syntax, but formulas now read like a sentence, like “Profit = Revenue – Expenses”. No alphabet soup of abstract references. Human readable formulas are easier to write, read and troubleshoot so having a new team member (or auditor) understand how your model works is straightforward. Collaboration, confidence, and shared understanding of your decisions will improve.
Inherited Relationships: Relationships between tables are created with drag and drop, and formulas inherit those relationships automatically. This fortifies models with simple, logical structure without any special work or spreadsheet best practices. Because table relationships are inherited, there is no longer any requirement for that VLOOKUP/HLOOKUP/XLOOKUP/INDEX/MATCH/FILTER syntax that you have to research every time. The Profit formula above is exactly the same no matter if you are calculating it across 100 products with individual growth rates, 17 regions with distinct currencies, or time periods of 3, 5 or any number of years. One Quantrix formula in simple, real language, takes the place of hundreds or thousands of spreadsheet formulas, dramatically reducing the possibility for error and increasing efficiency.
Enterprise Capabilities: Quantrix also has data connectivity, role-based security, an audit trail, low code cloud apps, simultaneous collaborative editing and support for large models that the enterprise platforms have, but it costs a fraction of the enterprise tools in terms of both resources and budget.
Look how easy it is to understand the formulas in Quantrix:
Focus on modeling not maintaining.
To summarize, consider that every user must learn a set of spreadsheet best practices when creating a model to make it more secure, and less error prone. But these practices also make models less performant, and more rigid – Wouldn’t it be better if these best practices were built into the product?
The table below shows why Quantrix is the Future of Financial Modeling:
Spreadsheet Best Practices
Quantrix Built-In Functionality
Keep actuals from calculations and input cells
Formulas and cells are always separated
Create named ranges to simply formulas
Automatic ranges with real language formulas
Keep pivot tables on separate sheets (or well-spaced)
Always on pivoting
Enforce consistent naming across worksheets for lookups
Linked structure automates names updates and lookups
Keep data in rows and formulas consistent left to right
Orient data in any direction without changing formulas
Quantrix delivers the agility of spreadsheets and the scalability of enterprise planning software.
We would love to show you the power of our agile modeling platform so that you can see firsthand how it might deliver value in your business. Over 50k Quantrix users have saved time, reduced errors, considered new scenarios and made more confident business decisions with Quantrix across Sales, Finance, Marketing, Manufacturing, Supply Chain, HR, R&D in every industry.
There isn’t a modeling problem we haven’t solved using Quantrix. Why not challenge us?
You can book a demo and download our free 30-day trial!
What software models financial information? If you’re asking this question, you may have experienced the inefficiencies of traditional spreadsheets and now you’re seeking a better alternative. From balance sheets and income statements to cash flow statements and forecast models, you need a software that can securely and accurately represent your business.
Not surprisingly, the best software to model financial information is a Financial Modeling Tool. Unlike spreadsheets, Financial Modeling Tools are designed to scale as your business grows. They can also help you accurately forecast the future of your business by answering your ‘what-if’ questions.
Although there are a variety of Financial Modeling Solutions and Enterprise Planning Tools, we want to highlight Quantrix and show the features that we believe are most impactful in financial modeling.
Quantrix is a multi-dimensional financial modeling solution used by businesses around the world.
Quantrix Modeler is a desktop application that allows you the agility to create just about any type of model. Quantrix Qloud allows you to share your models online without compromising their integrity. Combined, Modeler and Qloud are the perfect complement.
Logic is Separated from the Structure
When your formulas are separated from the cells, you can ensure your structure remains intact, even as the model grows.
Natural Language Formulas
Formulas in Quantrix can be written using Real Language. This makes it so much easier for anyone reading your models to understand the calculations. Say ‘goodbye’ to the days of writing = B35 – C35 and ‘hello’ to writing Gross Profit = Revenue – COGS.
Import and Export Data
To build accurate financial models, you’ll want to import existing data. Quantrix makes this easy! There are a variety of options for you to Import including: Google Sheets, Salesforce, a Text File or even a Database.
Expanding Your Models (Adding New Regions, Products etc.)
Businesses are always changing. They must adapt to global factors such as pandemics or internal circumstances such as introducing a new product. In turn, financial models require edits and updating. What if you could add new products, regions, years or any other category to your model simply by pressing enter? With Quantrix, you can! When your formulas are separated, it’s easy to extend your model without breaking the structure.
Click here to watch the rest of our recorded demo.
If you’re looking for a software that’s more powerful than traditional spreadsheets to model all your financial information, look no further. When it comes to Agility, Scalability and Structure, Quantrix has it all!
Enterprise Planning Tools
Pre-built, little customization
Now that you’ve seen some of the major benefits of Quantrix, you may be thinking: what’s next?
We offer a free, fully featured 30-day trial as well as personalized demos. We would love to hear about your use case and show you how Quantrix can fit into your business.
If you have been using a traditional spreadsheet tool for your financial modeling needs, you may have noticed some limitations. Your models may get too large, you may lose the ability to audit your formulas, or you may just simply get numerous errors. Finding the right replacement is an important decision.
Our last blog entry, Financial Modeling Software Comparison Chart, compared Spreadsheets, Enterprise Planning Tools and Quantrix. All three have pros and cons as well as differing approaches to their agility, scalability, and structure.
The decision you make will depend on your financial modeling goals and your budget.
Decades ago, a new software called Lotus Improv was introduced, which aimed to transform financial modeling away from two dimensional spreadsheets. Quantrix was designed to keep that spirit alive.
Here are just some of the features that you’ll find when using Quantrix:
Top Financial Modeling Software Features
Import and Export Data
And Learn About our Natural Language Formulas
Although some spreadsheet options are free (or close to free), there can still be a price to pay in terms of time. With traditional spreadsheets, you can spend countless hours building, maintaining, and auditing your models. The best way to deal with this issue is to use a financial modeling tool that values your time. Our recent webcast highlights how you can Ignore Spreadsheet Structure Rules and Come Out Ahead.
30 Day Free Trial, Personalized Demos, Professional Services
Finding the best Financial Modeling Software for your company can seem overwhelming. We want to change this perception. To make sure that Quantrix is the right fit for your business, we offer a free, fully featured 30 day trial.
You can also reach out to us to set up a personalized demo, where we can show you how Quantrix can work within your business.
We also understand that some customers will need help building their models. For that reason, we can offer professional services. We have a network of expert modelers who can assist your company in building a model that reflects your business.