Meet the 2019 Conference Speakers – Part 3

Each year during the Quantrix Dimension Conference, attendees take part in Training Sessions and Customer Use Case Presentations. These sessions and presentations are led by incredibly knowledgeable speakers. With unique backgrounds and perspectives, the speakers offer a novel take on the software we all know and love!

In this blog series, you will learn about each of the speakers as well as their presentation topics.

Speaker: Steve Bailey, Foreside Group

Steve Bailey will be leading one of the conference learning sessions. He is the founder and principal of The Foreside Group and has been a Quantrix customer, employee and consultant for 16 years. With a wealth of Quantrix knowledge, Steve will discuss variety of topics during his session.

Session Title:

“Steve-isms, Tool Time, and ‘Tales from the Script’”

Steve will focus his time on three topics:

  • Quantrix Theory and Concepts: understanding the five layers of Quantrix and how to use each to your advantage when building a model from scratch.
  • SELECT/USING AS, CASE and SWITCH: adding powerful techniques to make your model easy to maintain and behave like an application from the user’s perspective.
  • Database Integration and Scripting: Making your models work together in an eco-system with easy to create automation.

These sessions offer a valuable learning opportunity. Stayed tuned to our future blogs to learn about the other speakers!

Meet the 2019 Conference Speakers – Part 2

Each year during the Quantrix Dimension Conference, attendees take part in Training Sessions and Customer Use Case Presentations. These sessions and presentations are led by incredibly knowledgeable speakers. With unique backgrounds and perspectives, the speakers offer a novel take on the software we all know and love!

In this blog series, you will learn about each of the speakers as well as their presentation topics.

Speaker: Tahir Tahirov, Smart Modeling Solutions

Tahir Tahirov will be leading one of the conference’s training sessions.

Tahir Tahirov is the Principal of Smart Modeling Solutions and is based in Vienna, Austria. Tahir has over 19 years international business experience in petroleum, energy economics, financial modeling, software implementation, planning, budgeting and project management.  Additionally, he has over 10 years of Quantrix modeling experience in energy, petroleum, construction, cruise port operations and real estate. He also speaks 5 languages.

Training Topic:

Creating a Compelling Canvas and Modeling Football Contracts

Tahir has chosen to focus his training session on two widely applicable areas.   He will demonstrate how to create compelling data visualizations in Quantrix using custom icons and interactive maps to enhance user navigation. Further, in his section entitled: It’s Only a Game, Tahir will showcase the ability of Quantrix to model soccer player contracts and performance.

The Training Sessions offer a valuable learning opportunity. Stayed tuned to our future blogs to learn about the other speakers!

Meet the 2019 Conference Speakers – Part 1

Each year during the Quantrix Dimension Conference, attendees take part in Training Sessions and Customer Use Case Presentations. These sessions and presentations are led by incredibly knowledgeable speakers. With unique backgrounds and perspectives, the speakers offer a novel take on the software we all know and love!

In this blog series, you will learn about each of the Dimension 2019 speakers as well as their presentation topics.

Speaker: Valerie Grenier, Tesser Consulting

Valerie Grenier of Tesser Consulting will be leading one of the conference’s training sessions.

Formerly the Professional Services Lead at Quantrix, Valerie was responsible for helping companies get the most value from their modeling solutions from initial start-up to advanced model development. Valerie is currently serving as a Senior Consultant at Tesser Consulting where she helps customers build and deploy effective business models.

An expert Quantrix modeler with over twenty years of experience in finance and accounting, Valerie provides training, consulting and model building services to Quantrix users around the world. Her experience extends to several industries including: Manufacturing, Agriculture, Retail, Higher Education, Energy and Property Management.

Valerie earned a Bachelor of Sciences in Accounting and Finance from the University of Southern Maine.

To appeal to a wider audience, Valerie has chosen a topic that potentially impacts a variety of businesses.

Training Topic:

Experienced User Track – A Firm Foundation
A well-structured model is at the core of making the most of range-based formula writing in Quantrix. Lead by Valerie Grenier of Tesser Consulting, this session focuses on taking a simple financial exercise, common to most businesses, and will illustrate some of the latest in data connectivity.

The Training Sessions offer a valuable learning opportunity. Stay tuned to our blogs to learn about the other speakers!

A Better Financial Planning Software

Financial advisors and corporate finance departments are always looking for better ways to plan. People working in this field utilize existing data to help determine the best decisions moving forward. Cash, asset and investment figures, along with educated assumptions about the future, give finance departments enough information to inform key decision makers about forthcoming deals.

As these deals can have major impacts on individuals and businesses, it is vital that financial analysts are using a professional software, capable of handling multiple scenarios. With a multi-dimensional calculation engine, Quantrix Modeler is able to handle these types of tasks.

With ‘one-click,’ Quantrix users can add scenarios into their models to ask ‘what-if’ questions.

Further, analysts should use a software that is accurate. Corporate managers should feel confident that they are making sound decisions, backed up by their data. Unlike some traditional spreadsheet tools, Quantrix utilizes natural language formulas, which often decrease the number of overall formulas. Cell-based formulas calculate based on the cell’s location (ex. = B34 – C34).  Natural language formulas, on the other hand, calculate based on titles, as shown below:

Without as many formulas, there is less to audit and worry about. However, it is nonetheless important for users to have the ability to go back and verify their calculations. That is why Quantrix Modeler offers a dependency inspector. The Quantrix dependency inspector allows users the ability to trace their formulas back to their start.

Once calculated, the models can easily be shared in Qloud, the Quantrix online environment. Management can review and edit the financial planning models, then make their decisions. The ease of use and peace of mind that Quantrix offers is a perfect combination for anyone looking to use financial planning software.

Want to try the software? Request a free trial!

Online Spreadsheets: A Look Ahead

Corporations and consultants have evolving needs when it comes to online spreadsheets. This blog discusses those needs and how Quantrix can meet them.

For Businesses:

Today, companies require high levels of collaboration and interaction. Many businesses employ people working in locations all over the globe. With such geographical diversity, it is crucial that information reaches key decision makers in a timely manner. Some of the most important pieces of information for management to review are financial models and the accompanying spreadsheets. Historically, in an online world, companies had to email files back and forth. More recently, files have been saved in a centralized cloud for people to review. Quantrix gives companies a vision of the future. Employees can create models in a structured multi-dimensional platform via Quantrix Modeler and then upload the models to Quantrix Qloud.

Qloud is the Quantrix online environment where users can review, edit and share their models. Qloud allows users the ability to grant unlimited access to specific users, while restricting figures/numbers from others. For example, one manager is granted access solely to the finances of the eastern region and another is granted access solely to the western region. Through enhanced roles and permissions functionality, this specificity can be tailored to fit your company needs. Additionally, when granted access, the manager Qloud user can then make edits to the model, changing scenarios to see different views of the future. Further, after making modifications, users can save their changes and add notes so that any future user will know that adjustments have been made.  See image below.

In Qloud, multiple people can work on the model at once with the ability to see changes in real time and communicate with each other directly through the online chat feature. This type of immediate interaction is critically important for companies needing a quick turn-around, or for companies with highly collaborative environments.

For Consultants:

Consultants work to uncover and solve a variety of business matters. Although client needs may differ, the paths that consultants take can be similar:

Consultants:

  1. Collect the data
  2. Organize and model the data
  3. Tell the story of the data
  4. Make recommendations

To manage the data involved in this process, consultants have many tools at their disposal. However, these options are not created equal. Consultants want the same type of coverage explained in the business section above plus they also have the added concern of their own privacy. Consultants may use a specific methodology they do not want to share. With Quantrix, consultants can show the necessary results to their clients without showing their underlying processes, protecting their highly valuable intellectual property.

Summary:

The world is constantly evolving. The software that businesses and consultants use needs to evolve at the same pace. When corporations have offices all over the world, it is vital that they can communicate and collaborate as quickly as necessary for success. Likewise, consultants must be able to create and share their figures with ease while maintaining model integrity. Instead of relying on spreadsheets, use Quantrix.  Our software is the best option for any online collaborative modeling use case.

Click here to book a demo or click here to download a free trial!

Mike Salisbury, Director

The Best Forecasting Software

Before you leave your home in the morning, you probably ask yourself a few questions:

  • What is the weather going to be like today?
  • Is traffic going to slow my commute to work?
  • Should I bring a coat?

To get the answers to these questions, you can watch your local newscast on TV or check your weather & traffic apps on your phone. Either way, you want to be prepared in case you encounter inclement conditions and/or gridlock. Your ultimate decision of what to wear and what time to leave is based on a forecast. Forecasts help people plan for the future.

The power of forecasting goes well beyond getting to work on time. In fact, businesses of all sizes create financial forecasts to better prepare for the days, months and years ahead. Financial results, agricultural yields and energy production levels can vary greatly depending on conditions that may or may not be within your control. Companies want to know how to prepare for these conditions by building robust forecasting models. The best way to prepare is to have a reliable forecasting software running your model calculations.

Organizations make business decisions based on the forecast models they create. The software that constructs these models needs to be reliable and trustworthy. A multi-dimensional calculation engine allows modelers the ability to react in real time with greater precision. In Quantrix, you can create a new matrix that incudes all your assumptions about the future and link it back to your main model with ease. Further, with just ‘one click’ you are able to add new scenarios into your model to ask those critically important ‘what-if’ questions.

Whether you are looking one week or ten years down the road, to properly forecast scenarios, you need access to existing data. Today, data comes in a variety of forms and from a slew of sources. Therefore, it is crucial that your software can import data from just about anywhere. Quantrix allows users to pull data from an existing relational database, another Quantrix matrix, Salesforce, a text file or an XML source. Once your data is in Quantrix, you can run your calculations with natural language formulas, which increase your model’s accuracy. The ability to audit your models and formulas with the built-in dependency inspector feature is critically important when creating an accurate picture of the future.

As the forecast model takes shape, key decision makers will want to be able to view the results. Qloud, the Quantrix online environment, promotes sharing and collaboration of models. Management can view and/or edit the results of the model immediately in an easy-to-use web-based format.

Quantrix software truly brings new insights and power to the forecasting activities in your organization.

Click Here to see a real-world forecast application of Quantrix software. Or click here to check out some sample Quantrix models.

Mike Salisbury, Director

The Future of Financial Modeling

What is an ideal financial model?

An ideal financial model:

  • accurately represents your business
  • is flexible in order to adjust to the inevitable changes in your business
  • is shareable with your colleagues
  • is free from errors

In an ideal situation, all four aspects would describe every model. However, in reality, models created in traditional tools can be difficult to create, maintain and verify. While traditional spreadsheets allow users to build more basic structures, they can struggle in the presence of larger datasets and shifting circumstances. New prospects often express this struggle when I talk to them about Quantrix. Companies rely on their financial models to make critical business decisions. As a result, decision makers must trust that their models are accurate and up-to-date. Trust, in this case, comes in the form of using a reliable software application.

Traditional spreadsheets can become overwhelmed with too many complex formulas and unstructured data. To combat these issues, modelers must use software with powerful calculation engines, capable of reducing formulas and errors. Additionally, modelers require software that simplifies complex structure into something that is easy to comprehend. For instance, if a company wants a breakdown of their finances by year, by product type, by quarter, by region, then it is crucial that their software can handle the dimensionality this analysis requires.

The answer to all these issues (and the future of financial modeling) is a multi-dimensional application. The world within which your business operates is not two-dimensional, your financial software should not be either. A multi-dimensional calculation engine, such as Quantrix, allows modelers the opportunity to write formulas based on actual language (ex. Gross Profit = Sales – Expenses) rather than based on cell location (Ex. = A25 – B25).

This type of formula writing can significantly reduce time and increase accuracy with respect to model creation. Further, each dimension (Product Type, Year, Quarter, Region, Scenario) can be added, filtered and pivoted for ease of use.

Once a model has been created, many organizations will require that the model is shared within the company. Management will want to review or make changes to the model. Therefore, an online platform for viewing and editing is important.

Quantrix provides an all-encompassing solution. Quantrix Modeler allows for robust model building and Quantrix Qloud offers an online environment for organizations of all sizes to collaborate, share and manage their models in an easy-to-use web interface. Quantrix is the future of financial modeling.

Mike Salisbury, Director

Mike’s Conference Favorites – Part 3

The 2019 edition of the Quantrix Dimension Conference is coming up on October 1-3! I am looking forward to once again welcoming our attendees from all around the world to Portland, Maine, USA.

In my prior posts, I shared two of my favorite aspects of the conference: feedback, feedback, feedback and the Customer Use Case Presentations. In this post, I focus on the city where the conference is held: Portland, ME.

 

 

Showing off Portland and the great State of Maine – Maine is a great state to live and work in and I am very thankful I can do both. Maine’s natural wonder abounds in its majestic mountains, scenic lakes and deep forests. Picturesque beaches provide access to numerous bays and the mighty Atlantic Ocean. Portland is a vibrant city with a growing technology community and a tremendous restaurant scene.

Each year we show off Portland, Maine through our conference’s social events and this year will be no different. On the first evening, we will participate in an Escape Room adventure followed by drinks and cocktails in Portland’s famous Old Port District. On the second evening, we will board the Islander for a 1.5 hour cruise of Casco Bay and then enjoy a traditional Maine lobster dinner (alternative entrees available) at the Inn on Peaks Island. All of this is included in your conference registration and you can bring a guest to all the social events for just $150!

This year we are making it more affordable than ever to attend our conference. The Super Early Bird pricing is $795 per attendee, but hurry, this price level expires May 31.

While Portland has an accessible and modern regional airport, Boston’s Logan Airport is only 1 hour 45 minutes away via a non-stop bus or car. Portland, Maine, USA is easier to get to than you may think!

I hope to see you there!

Mike Salisbury, Director

Register your interest today!

 

#QuantrixEvolved

Mike’s Conference Favorites – Part 2

The 2019 edition of the Quantrix Dimension Conference is coming up! Join us in beautiful Portland, ME, USA from October 1 – October 3, 2019! In my prior blog post, I discussed one of my conference favorites: feedback, feedback, feedback! This post, I will focus on another favorite: our Customer Use Case Presentations.

Customer Use Case Presentations – Each year, we have some outstanding use case presentations about how our customers use the software. One of the unique things about Quantrix is that you can use it for just about any data driven dimensional problem. Our attendees, and us folks at Quantrix, always learn something new in each customer use case presentation.

Here are some presentations from last year:

Quantrix in Product Wheels in Manufacturing

Rich Lopez of Litehouse Foods presented at the Quantrix Dimension 2018 conference about the use of Quantrix to develop product wheels to drive efficiencies in the company’s manufacturing process.

Quantrix in Environmental Waste Management

Andy Keir of Keir Corp presented at the Quantrix Dimension 2018 conference about the use of Quantrix in helping municipalities and governments manage the financial impacts of waste management.

Quantrix in Multifamily Real Estate Management

Mike Stephenson, Director of Business Intelligence for BH Management Services, LLC, presented at the Quantrix Dimension 2018 conference about the use of Quantrix for budgeting, planning and forecasting in the multifamily property management space.

 

While these presentations may focus on Quantrix in a specific industry, the Quantrix techniques they employ are often applicable for many different use cases. In fact, in our post-conference survey’s, the use case presentations are always rated by our attendees as the most valuable session of the conference. They are well worth the price of admission. Would you like to share your Quantrix use case story at our conference? Please let me know.

This year we are making it more affordable than ever to attend our conference. The Super Early Bird pricing is $795 per attendee, but hurry, this price level expires May 31.

While Portland has a modern and accessible regional airport, Boston’s Logan Airport is only 1 hour 45 minutes away via a non-stop bus or car. Portland, ME, USA is easier to get to than you may think!

I hope to see you there!

Mike Salisbury, Quantrix Director

Register your interest today!

Mike’s Conference Favorites – Part 1

The 2019 edition of the Quantrix Dimension Conference is now set for October 1-3! I am looking forward to once again welcoming our attendees from all around the world to Portland, Maine, USA. The 2018 edition of the conference was another great success. One of our attendees and presenters, Dan Murray from Interworks, wrote up a nice recap of the 2018 conference in his blog.

Over the next few weeks, I am going to share with you on the Quantrix blog some of my favorite things about the conference. In this post, I focus on feedback!

 

 

Feedback, Feedback, Feedback! – The conference is great opportunity for everyone on our team to interact with our customers and receive feedback. As an attendee, you have a chance to talk directly to the people who develop our amazing product. In fact, at a prior conference, a Quantrix developer received a piece of product enhancement feedback from a customer. Using that information, the developer then built a working prototype which was shown at the end of the conference! Further, this product enhancement eventually made it into an official release of our product! This direct interaction is something you just don’t get at other conferences and we all highly value this collaboration.

This year we are making it more affordable than ever to attend our conference. The Super Early Bird pricing is $795 per attendee, but hurry, because this price level expires May 31.

While Portland has a modern and accessible regional airport, Boston’s Logan Airport is only 1 hour 45 minutes away via a non-stop bus or car. Portland, Maine, USA is easier to get to than you may think!

I hope to see you there!

By, Mike Salisbury – Director

Register your interest today!