Cloud procurement best practices

  1. What are the main issues surrounding procurement of cloud services? Why are they important?

I think the main issue and concerns surrounding cloud services are five-fold;

1st) Challenges of culture – what is acceptable for one part of the organisation will not/is not acceptable for another. This means that global, cross department procurement is very tricky.

For many global organisations, this will not be a new phenomenon, what might be fine on one side of the Atlantic will not be good for the other. This works both ways but gets exaggerated when cloud comes into play. An example could be that European companies have concerns, rightly or wrongly, that data in the cloud even when located in a data centre in their country such as Germany can be accessed by the U.S. government on request, if it is stored and managed by a U.S. company. Now this issue doesn’t appear for on premise solutions because the data is tucked up nicely behind the firewall and is secured away from prying eyes. There is no simple solution to these concerns, and as such you need to consider whether a solution you choose offers the right levels of flexibility and deployment options to support your business. Can I have everyone using the same tech but deploy on premise for one group and in the cloud for another?

2nd) Security – most organisations fear that because this is outside of the confines of their corporate infrastructure that it is less secure. This is increasingly being accepted as false.

Security concerns don’t go away and are always present but I believe that most companies will acknowledge that cloud providers, who stake their reputations on securely managing and protecting data, are probably better placed and have access to better tools than most companies’ internal IT staff. Again, having the options for deployment and management of the solution is probably a good thing. If something goes wrong, having the flexibility to step in and take control can’t be a bad thing. In all cases, do your homework and ensure you understand the level of risk that is acceptable.

3rd) Support for regulatory and business requirements – if it is in the cloud I have lost control of accepting features and functions and when to apply upgrades. You need to ensure that the system meets your regulatory needs and that your vendor will listen to you.

Many industries have different stipulations on how systems have to be deployed and configured and many have very specific needs. It’s important to do your homework and ensure that which-ever system you use can comply with the specific requirements. No one wants to have to retrospectively look at this when the auditors come knocking! This can be important in certain industries that require the whole system to be validated before it can be used. Giving the cloud provider control of this, means you could forever be in validation mode which is not sustainable.

4th) Data retention, availability and return – this is an area that often gets over-looked. You have to be sure you can get out and that you can get your intellectual property and data out of the system.

Let’s say something goes wrong, or your software provider decides on a change of business model or plan, have you asked how you’ll get your data back and if you even can? Companies need to be careful to avoid lock-in or, worse, that the data gets removed or deleted on termination of an agreement. In some cases, the systems can store years of data and losing that critical information could be devastating to their business. Make sure you are working with a vendor that understands your requirements and is capable to deliver beyond the end of your agreement.

5th) Connectivity –  if your team are on the move, on planes or don’t have a connection then make sure they can still be productive.

This seems obvious but you’d be amazed how many companies haven’t thought about connectivity in the context of business data loads and network traffic. Often the assumption is that the old network will support critical data intensive workloads and as such we can move forwards and procure new cloud technologies. Connectivity and networks need to be looked at based on the number of users and workloads that the cloud system will need to support. Because of the reasons above, at Quantrix we offer customers maximum flexibility in procuring our cloud technologies but we also have a hybrid approach that allows users to have the off-line option.

  1. What surveys/stats/figures emphasise the need for having a good cloud procurement strategy if you are a CIO?
  • 82% of companies reportedly saved money by moving to the cloud.
  • The average fortune 500 company is using up to 545 different cloud services.
  1. How do CIOs and CSPs forge a common consensus on a common language for procuring cloud services that simplifies the matter?

The consensus between the two heads has got to be around risk. In most cases, these two departments will be coming at this from very different directions: the IT team wants to reduce cost and ensure efficiency whereas the security team is about securing infrastructure, data and IP. To be successful, they need to agree on the acceptable risk profile so that both teams can work together. Risk comes in many forms from data residency, to tools and technology used for threat detection and AV to who has access to the information. There are so many different parameters that often it is almost impossible to agree. Hence it’s important to align on the language of risk and how to manage it.

  1. What are the best practices for cloud service procurement for both CIOs and also CSPs?

Find the right vendor, make sure they are someone you can work with and that can answer the questions you have linked to the above. Bigger doesn’t always mean better, sometimes the big guys will force you down their path rather than offering the best approach for you.

  1. What issues around cloud procurement should organisations and CIOs be aware of in the next 12-18 months? Why?

I think I have covered these in the initial question, we see these issues routinely and a one-size-fits-all approach lacks the flexibility and pragmatism for most businesses. Quantrix has worked across many organisations and business verticals and have accrued significant experience in helping customers manage their transition to the cloud. Our technology and approach offers the flexibility most companies need.

By Laurence Painell, VP Quantrix. 

How to Stay Certain in Uncertain Times

In recent months, we’ve seen a number of events which have provided businesses with more uncertainty than they would like.

Brexit is a good example. The pound hit a 31-year low against the dollar and some businesses even began to look away from London for a new base. Oh, and the UK’s trading arrangements with Europe, and the rest of the world, were also thrown into doubt, with the UK government now gearing up for potentially lengthy and complex negotiations. On top of that, throw in a host of unpredictable elections into the mix, in both the US and across continental Europe – and yes, even more elections in the UK too – for good measure…

It’s pretty easy to see why some organizations are feeling, well, less than certain when making decisions at the moment.

Despite this, businesses need to be able, and prepared, to adapt to the mutable economic and political climate. With so many uncertainties, now is a time when organizations should be able look to their financials, data and reports with complete confidence.

But, have you ever thought what were to happen if the models carrying your business-critical information were wrong? It’s more common than you’d think, with an estimated of 95% of spreadsheets containing some sort of error. Naturally most businesses like to think they’re an exception to the rule, but a simple Google search of “spreadsheet errors” tells another story.

The ability for businesses to be flexible and react to unexpected situations is crucial, and this includes the need to be able to rely on accurate, flexible and scalable financial models. The process of being able to model ever-changing scenarios – like Brexit and other political events – shows the need to produce flexible financial models. Despite this, many businesses are still reliant on 35-year-old technologies providing little flexibility.

The FAST standard for modeling is well known, and with the ‘F’ standing for flexibility, it’s clear many businesses are falling short of the standard. The ability to be flexible in your model build, whilst still being able to quickly and accurately add new scenarios, dimensions or outcomes means you can react to new market uncertainties, giving you reassurance in your forecasting and budgeting process – even in such uncertain times. All your financial professionals need? The right tool for the job.

Eliminate the uncertainty of having errors in your spreadsheets, eliminate the worry that you won’t be able to accurately forecast that new scenario and eliminate the risk of not being able to react fast enough.

If you want your modeling processes to be flexible, scalable and accurate, download a free 30-day free trial and explore the benefits of Quantrix Modeler or get in touch.

By Holly Perry 

Everyone’s thinking about your customers, but who’s thinking about you?

Whilst attending Finovate earlier this month, I noticed a lot of focus on consumers, as companies considered how to make previously tedious tasks simple for end users. Despite this, I couldn’t see how the back-office processes behind these offerings were being made any easier – it seems like the hard work behind the scenes still isn’t streamlined.

Although it was exciting to see how the future of Fintech is taking off rapidly, there must have been someone in the room who was wishing that their job of modeling the growth of these new technologies, sales and investments could be made easier?

As Greg Palmer said in his opening remarks – Fintech really is global (Region). Not only this, but the companies going through the launch process of either a new app or service offering, would have had to look at the timescales and finances against this to ensure success (Time). Additionally, there usually isn’t one idea on the table in development meetings – it’s usual for several variances to be considered (Products). It’s also likely many of these variables were backed by teams, external consultants or even investors (Personnel). When you then take a deeper look at the finances of the launch, including the income required to become profitable; the cost of sale; your outgoings and many more (Line Items), you can be faced with quite a complex array of scenarios.

The words in italics are not mistakes or even notes to remind me what to write. I wanted to highlight the fact the world we live in consists of many dimensions. There is huge complexity when putting these factors into a financial model using a traditional spreadsheet. Notice how, even with what could look like a simple project, I have easily outlined five dimensions of the model.

I believe that Quantrix really could be the missing puzzle piece for many innovative companies, like those who attended Finovate. Quantrix helps simplify, accelerate and perfect the modeling process behind the scenes as well as creating ‘what-if’ type analyses. Because modeling is now very multi-dimensional, we must adapt to the requirements of our users to make their lives easier. After all, who doesn’t want that?

If you want your modeling processes to be best-in-class, download a free 30-day free trial and explore the benefits of Quantrix Modeler or get in touch.

By Holly Perry

Mike Salisbury on the Quantrix Product Roadmap

Mike Salisbury is the Director of Quantrix and is responsible for the overall Product Roadmap for the Quantrix Modeler and Qloud products. Mike took a few minutes to share some insights on recent product developments and upcoming new features.

It has been a busy few months for the product teams. Can you give us an update on recent product developments on the Desktop modeler?

Certainly! In January we released a major version of the desktop product and I am pleased to say it is getting great reviews from our user community. We totally reskinned the User Interface application and focused on making the commonly used features much easier to use. New icons, new color themes, new launch panel, all aimed at making the most seasoned user to the new user more comfortable with our application.

The Dependency Inspector was completely redesigned in a recent edition of Quantrix Modeler, and it is now much easier to debug formulas.
The Dependency Inspector was completely redesigned in a recent edition of Quantrix Modeler, and it is now much easier to debug formulas.

Our Dependency Inspector (DI) redesign is a big hit. It makes formula debugging much simpler and users of all abilities can trace the calculation thread throughout the model. I personally use the Salesforce integration daily in our Quantrix sales forecasting model, and our Tableau integration means users can get information directly out of Quantrix into Tableau reports.

In our March release, we enhanced the DI even further by allowing users to navigate directly to the formula from the DI to make formula edits. Users can re-index and rename their category items on-demand, and we continue to make strategic UI improvements like shading the formula edit area in a light green to make it clearer to the user where the focus is on the screen.

How about recent Qloud developments?

New iOS tablet integration for Quantrix Qloud opens up in-the-field uses for Quantrix.
New iOS tablet integration for Quantrix Qloud opens up in-the-field uses for Quantrix.

We are really excited about our IOS tablet integration. I encourage iPad users to navigate to http://qloud.quantrix.com to check it out. Having the ability to use Quantrix Models on a Tablet device should open up some opportunities for executive and ‘in the field’ type use-cases we have in our customer community. I think one of the best features is being able to move a matrix dimension tile to the row, filter, or column tray simply by dragging it with my finger. Simple but very effective!

In our March release we introduced Salesforce compatibility for Qloud. If you are using the Salesforce integration on your desktop models, you can now use this integration on both Hosted and Enterprise Qloud. We believe the data analysis you can do in Quantrix far exceeds anything you can do within the Salesforce application itself.

How often do you release new software?

We strive to have a new desktop and Qloud release every three months. We have adopted the Agile method of software development. This allows us to quickly iterate on new features (and bug fixes) in two-week cycles or ‘sprints’. At the end of each sprint, we have a functioning product. At the end of the three-month cycle we move into a formal test period and then release to our customers. Doing this allows us to be much quicker and more reactive to our customer needs.

What is next for the Desktop Modeler and Qloud?

For Qloud, we are actively converting the Qloud framework to AngularJS. This JavaScript framework allows us to develop new features much quicker, and is more suited for tablet development. This is a big project, but our production Qloud already has many of the AngularJS pieces in place on the login page and the models list on the current hosted Qloud. We continue to work on switching over other non-model elements of the Qloud to this new technology.

In regards for Qloud features, we are actively working on Multi-user Edit. This will be an Enterprise-only feature that will allow Enterprise Customers to deploy models to users, and then allow those users to edit the model at the same time – no more waiting for your colleagues to release the lock on a model. With this comes some powerful new features including tagged versions and ‘save-as-you-go’, all to ensure you can collaborate effectively.

For Desktop, continuing the improvement of our user interface and ease of use as well as developing more getting-started help is high on our list. We are making our Salesforce integration even better by allowing joins between multiple tables in the Salesforce hierarchy. We continue to address issues and enhancements to make sure our calculation engine is as efficient as possible, because we know our customers like to make very large models!

How can a Quantrix user provide feedback?

We very much appreciate feedback from our users. Many of the new enhancements and features are the direct result of user suggestions. There are many ways to provide feedback:

As always, thank you everyone for your support of Quantrix!

People of Quantrix: Brian Cabana, Engineering Manager

Brian is the Engineering Manager and Lead Engineer for the Quantrix team and has been with the company for over ten years. He has actively participated in the design, production and testing phases of each of the releases of Quantrix since version 1.0. He currently manages the engineering team and is the lead engineer on the various projects for Quantrix Modeler and the Qloud.

Brian Cabana, Engineering Manager, Quantrix
Brian Cabana, Engineering Manager, Quantrix

What is involved in your role as lead developer for the Quantrix Modeler desktop product, and how has it changed over the years?

As Engineering Manager, I help manage the prioritization of issues and run the projects from an engineering standpoint, as well as other typical managerial duties. I also do a lot of coding of features, which I enjoy. I’ve been with Quantrix since 2003 and from an engineering perspective, a lot has changed. Java, the base language we code in, has improved. User interface design principles have changed, particularly in terms of migration to mobile devices. In that period, we’ve moved from being a desktop only application to the web, launching the Qloud, and continuing to move to mobile device. And we have had a lot of fun.

What is most important focus from an engineering standpoint?

Two things: usability and stability.

Talk about usability.

In the 1990s, usability meant, “Can you do it?” Today, it’s “How easy is it to do it?” That is a big shift. We want to make new users more comfortable using Quantrix. Power users love it, but we are working on making it more usable for more people. That means making things easy to find and easy to do.

Some recent examples of our work on usability include the recently improved launch panel and the major changes to the Dependency Inspector. Before, it was hard to understand what was happening in the cell. Now there are a lot of clues as to how it calculates, including the ability to hover over the formula in the dependency inspector to see the calculations. Another change is that when a user starts to edit a formula, it gets a green background. You know exactly what you’re editing. We plan to do more usability improvements like this as well as revamping some other tools.

How important is user feedback?

We have a great user base, and they provide great feedback. We also track when people call support. If they have a hard time doing things, we try to fix that in development. We try to be as responsive as possible. At one of our Seminar by the Sea events, a power user told us that it would be great to be able to select a range of cells and filter on them immediately. One of our programmers went home that night and coded up a proof of concept. We included that feature in our next release.

Have you always been a software engineer?

I served in the Navy on submarines. Then I became a high school math and science teacher. I went for a masters in computer science, and learned about Quantrix. I pestered the company founder until he gave me a job.

What do you do when you’re not coding for Quantrix?

I have a lovely wife and two young children. We love to go cross-country skiing and snowshoeing. I also love to read – I’m currently reading a fascinating history of Maine called The Lobster Coast.

Dan Murray of Interworks to Speak at Seminar by the Sea

Dan Murray is Director of Strategic Innovation for Interworks, a global IT services and business solutions provider. He is the author of Tableau Your Data!, and will be the featured speaker at this year’s Seminar by the Sea. We had a chance to talk with him about the data modeling ecosystem, and the value of an iterative process.

Describe your practice at Interworks.

Murray: InterWorks has a different model than most consulting companies —we aim to do high quality work, very quickly and then leave. Our consultants are good at translating technical needs into business cases. We also provide clients with thought leadership and project planning/implementation. Then we help them design dashboards that help them see and understand their data. We

Dan Murray, Director of Strategic Innovation, Interworks

have a broad skillset surrounding business information including data visualization, database design, extract, transform and load logic, hardware and network design to enable appropriately responsive data.

How did you get started working with data?

My first job was with a leveraged buyout firm. We bought bankrupt companies, looked at data, figured out how to make them profitable, and flipped them. That was better than an MBA – I figured out how to set up capital structures, leverage business assets, and drive profits. Over the last 30 years I’ve used data to solve problems, identify opportunities, and drive improvement. In the last seven years I’ve focused on teaching clients how to do this well.

What are some of the changes you’ve seen in your 30+ years managing data?

The proliferation of data bases – they are growing all the time. Many of our clients don’t have one database; they have a dozen and they can’t figure out how to get to the information. Our practice is built on helping companies bridge those gaps. And the tools are so much less expensive. Small and medium-sized businesses can’t afford to spend $1 million on toolsets to extract data and spit out multiple scenarios. Tools like Quantrix are dramatically lower in cost.

What else sets Quantrix apart?

Quantrix defines formulas the way that databases think – not by the cell, but by dimension. You can take a model with 4,000 formulas in Excel and do it with 40 in Quantrix.

You talk about the data ecosystem – where does Quantrix fit in?

At the center of everything is some kind of database. And Quantrix does something that no other tool does – it architects formulas in a very efficient and powerful way by speaking the database language at the data level, not the cell level. This means it can do powerful things with assumptions for predictive analysis. Factors that affected a business’s performance a year ago might not affect it a year from now, so you need to build a complex calculation that based on a sliding assumption. You identify the dimensions that are important to your business, and the assumptions that have worked in the past. With Quantrix, you can adjust the sliders to see if each factor will impact the future, by how much, and the outcome.

Give me an example of how that information impacts performance over time.

Today, most companies create a budget, and then re-budget every quarter. They take it for granted that they need to revise their forecast, but they are not using that information to refine their forecast. Quantrix can be the tool that you are iterating the potential future from. When you have new information, you should be populating the database with that innovation, and capture your assumptions. They are part of the innovation cycle. We tend to forget the bad ones and overemphasize the good ones – but with Quantrix connected to a database, you can see how good your assumptions were, and use them when you iterate. If we can reduce the time and effort required rebuild that forecast, then you can really advance over time.

What’s the bottom line for companies?

In the end, it’s all about data. Do you have it? Can you interpret it correctly? If you move the dial – which you can do easily with a Quantrix slider – did the expected outcome occur? That, to me, is what it’s all about. Drop the technology hurdle, expose the bones from the assumptions, and have a learning process where you get better over time. It is measurable. At some level, something significant happens – if you’re doing it right, the cumulative effect of the effort will help you grow.

Rich Lopez, aka the “QuantrixAuthority”, Creates YouTube Channel for Quantrix Users

We are always amazed and gratified by our customers’ passion for Quantrix Modeler, but Rich Lopez has taken it to the next level. By day, he works in the finance department of Litehouse Foods, but by night he is YouTube star The Quantrix Authority. His series of three- to five-minute-long how-to videos helps others get the most out of using Quantrix’s multidimensional modeling software, from learning how to snap two matrices horizontally to a canvas, to the benefits of using Timeline for recursion in a model.

How did you get started with Quantrix?

I was introduced to Quantrix when I worked at clothing retailer Coldwater Creek. I used it to build an allocation tool to manage inventory at our 350+ stores. When I moved to Microsoft’s interactive entertainment division, a co-worker and I built a distribution model to ensure that we were getting the Xboxes and games shipped properly. It was during some of the really big

Rich Lopez, the Quantrix Authority
Rich Lopez, the Quantrix Authority

Microsoft launches, like Halo 4 and Windows 8, so we build scenarios for everything we had to manage during the holiday season. We were able to model it down to the daily levels. Quantrix saved my bacon at that job – I could not have done what we needed without it. Now I use Quantrix for financial modeling and capacity modeling for Litehouse.

What inspired you to start making video tutorials about Quantrix Modeler?

I leaned a lot about using Excel from a guy on YouTube called MrExcel. Bill Jelen has more than a thousand videos, and I used to watch him every day. I am a pretty advanced Excel user, but I love Quantrix more. After seeing what MrExcel has done, and seeing how his expertise helped me, I thought I could do something similar to help others with this fantastic software.

How do you choose the topics?

My first video was about the first feature I learned in Quantrix – “Using As.” My mentor taught me that when I started at Coldwater Creek, and it’s basic functionality in Quantrix. Some people at my company are struggling to use certain features of our Quantrix Models, so I’m starting to create videos on topics that will help them.

Who are you targeting?

I am pretty much reaching out to beginners and intermediate users. I am very open to questions – after my second video, I got an email from a Quantrix user in the Ukraine. Just this week someone asked me about using DataLink with .csv files, so I made that video. Whenever someone asks me a question, I try to answer it.

How many videos do you plan to make?

MrExcel has more than 1,000 videos and a forum that everyone knows. I have eight videos online now, and if I get to 100, I know I will have really accomplished something.

I’m following you on Twitter. How famous are you?

Ha ha! On a scale of one to ten, I am probably a “one” in real life. But in the Quantrix world, I hope to one day be about an eight! I am having fun with the videos, and with my Twitter account (@QuantrixAuthor). I have legitimate Quantrix users following me, and I feel like I am rubbing shoulders with some real legends. Some of these people are such power users, and they are telling me to keep making videos. Their feedback is so positive, and it’s great.

Final question – what was your “aha” moment using Quantrix?

It happened at Microsoft. I remember being called into a room by eight managers and having them tell me they needed some specific information, and they wanted it in three days. It could not be done in Excel, so we just pounded out a model in Quantrix. I stayed up until two in the morning a couple of nights, but I developed a model where if the managers wanted to add another distribution center, product line, or launch scenario they just could select a category and hit “enter”. That was it. And I realized then and there that Quantrix Modeler was the coolest tool that has ever been made. Quantrix Forever!

People of Quantrix: James Kipling, Product Manager

James Kipling started his professional career at IDBS, which develops advanced software for research and development and also is the parent company of Quantrix. When assigned the task of developing a performance management tool, he immediately decided to use Quantrix Modeler for the project. He became as hooked as many of Quantrix’s other customers, and recently joined the Quantrix product management team. Following are some insights from James.

James Kipling, Quantrix
James Kipling, Quantrix

Tell us a little bit about your history with IDBS.

I started working summers while I was at university. I was a software tester, and then worked on the Help Desk. That was a great experience, and really helped me understand our customers. When I graduated, I was assigned to Operations, and worked on our Balanced Scorecard Project.

What did that involve?

A Balanced Scorecard is basically a way for a company to measure its performance and trend it between periods. We are developing our Scorecard to measure metrics such as revenue, profit, customer satisfaction, adherence to forecasted product release dates, and more. We will use it for performance management for IDBS and our subsidiaries around the world. I knew this would be a project that Quantrix Modeler was perfect for.

How did Quantrix perform?

We are still in the process of refining it, but once it’s fully linked to our support systems and data sources, it will be a completely automated system. We will be able to get an instant update about anything happening in our business – this process used to take us a full month just to pull the data together.

Like many Quantrix users, we had multiple iterations of Excel models around the business. Marketing had one version, corporate had another – it was a challenge to determine who had the right number. We needed a single model that accessed the right information, but that could provide different views. This is where Quantrix excels – we can trend metrics over time, and generate views very quickly. This will become our single source of truth for metrics.

I bet your Quantrix skills are pretty good now.

I would say that I am now a Quantrix power user! I was invited to speak at the annual customer event, Seminar by the Sea, in Portland, Maine last fall about my work on this project. It was great to be surrounded by people who love Quantrix as much as I do.

How else have you used Quantrix?

When I moved into sales operations at IDBS, I used Quantrix for sales forecasting, pipeline analysis, and to evaluate sales opportunities across multiple regions. After using Quantrix so much, I really aspired to be on the Quantrix team. When I had the opportunity to join the product management team, I jumped on it.

What does the new position entail?

I’m working with the desktop software development team as the voice of the user. My job is to listen to customers, learn what they need and want, shape the feedback, and relay that back to the team. My aim is to help the team bring out high-quality features that will help our existing and prospective customers get the most out of Quantrix.

How has this played out with the team?

I have had so many interesting conversations with the team about how customers use certain features. One example is the Dependency Inspector – it was created primarily as a debugging tool and of course it works great as that. But our customers also use it to query how a number is generated within Quantrix. Executives can click on a number and find out its sources and how the final number is calculated. That’s just one interesting way that I can bring the customer’s voice to the table when it comes to design and development – I think it will really help us make even higher quality products.

You’re splitting your time between the UK and the States for this role – what do you do in your spare time other than trying to get some sleep at 35,000 feet.

I have done a lot of offshore sailing, and would like to get back into that. But I’d also call myself a foodie – Portland, Maine is one of the foodiest cities in America, so I’m looking forward to working my way through the more than 200 restaurants here.

People of Quantrix: Tom Ahern Joins Quantrix

Tom Ahern, Quantrix Account Manager
Tom Ahern, Quantrix Account Manager

We’re excited to introduce you to Tom Ahern, our new Account Manager. Tom is a 20+ year veteran of the software industry, primarily in the business intelligence and performance management. He sees a huge need for performance management solutions in today’s fast-paced market.

“This is such an opportune time in the analytics and performance management market because organizations of all sizes have found the gaps in Excel and are looking for better, more secure alternatives. Quantrix neatly solves those problems and gives the business user unparalleled capabilities for analyzing, exploring, and understanding their business,” says Tom. “I am looking forward to working closely with the team to build Quantrix into a major player in the PM market!”

Tom is impressed with Quantrix’s “passionate and devoted customer base”, which he credits to the fact that Quantrix makes it easy for people to take ownership of their business and make faster, better, and smarter business decisions.

When he’s not at work, Tom loves to travel, camp, hike, and play sports. He and his wife are based in Massachusetts, yet travel frequently to New York to visit their two grown children.

Welcome aboard, Tom. If you’d like to say “hi”, just reach out at tahern@quantrix.com

New features in Quantrix Modeler 5.3 boost business model performance

We’re excited to announce that version 5.3 of our Quantrix Modeler desktop modeling and analytics application is now available. This release focuses on fixes in the code base to better support Timeline, which streamlines the process of setting up time-based dimensions in models. It also improves inter-model formulas and models that use deep recursion with multi-threaded calculation. If your business and financial models have these characteristics, you’ll find they perform more quickly and efficiently in Quantrix Modeler 5.3.

Other enhancements include:

Updates to the Quantrix Qloud for online access to multidimensional business models

  • -When a model is checked out from the cloud-based version of Quantrix Modeler, the toolbar save icon automatically saves changes directly back to the Qloud.
  • -The language is simplified on the last page of the Qloud upload wizard.

UI & Formula Improvements

  • -Constrained lists in cells support tab autocomplete functionality.
  • -Status summary bar now displays the result in the color of the number format of the cell selected.
  • -New time-aware function called sublist has been added to aid in ‘rolling’ calculations such as rolling averages.

Scripting

  • -Scripts now return the items from a selection in another matrix.
  • -New script support for unlinking of categories.
  • -Timeout setting can be applied for scripts

You can see all the details of the changes in our version 5.3 release notes PDF.

FYI, our last production release was version 5.1, so you may be wondering if you missed a beat.  Version 5.2 was an internal release to support our parent company’s (IDBS) implementation of Quantrix in its E-WorkBook application. You can jump right from 5.1 to 5.3.

How to Update to Quantrix 5.3:

This is a free upgrade for all customers of our version 5 series.

The Help > Update Quantrix feature is not available for this release. Please use Help > About Quantrix to verify your version number. If your version is not 5.3.1.20150302, you can download the installers using one the links below:

Quantrix On-Line Support Portal:
http://quantrixsupport.idbs.com/sw/quantrixwss/

Free Trial Form on Quantrix.com: (Just note in the comments box you are upgrading version 5.3)
https://quantrix.com/free-trial/

If you have multiple computer installations of Quantrix Desktop, it is best to update all installations to the new version at the same time. Also, good data practices dictate taking backups of all your model files prior to using with a new version.

If you have any questions about the upgrade feel free to contact our technical support desk at support@quantrix.com.

Thank you for your continuing support of Quantrix.

-Mike

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