SOURCE: Quantrix

Quantrix Financial Modeling for Budgets, Forecasts, and Strategic Plans

March 15, 2011 12:03 ET

Quantrix 4.0 Business Modeling and Analytics Solution Shares Business and Financial Models via the Cloud

New Version Provides Access to Web Portal That Enables Business and Finance Professionals to Share Forecasts, Budgets, Strategic Plans, and Other Models Online via the Quantrix Qloud

PORTLAND, ME--(Marketwire - March 15, 2011) -   Quantrix has released version 4.0 of its Quantrix Modeler business modeling and analytics (BMA) software solution. Key new features include the ability to publish models to the cloud, dramatic improvement in calculation speed, and the ability for users to write their own scripts to drive models.

Sharing budgets, forecasts, strategic plans, and other models with co-workers, management, and external business partners has become increasingly important for companies as the pace of business accelerates. A new survey of business and finance professionals conducted by Quantrix discovered that, on average, more than 35 people are involved in the financial planning and analysis process and that companies share financial plans with more than 60 individuals.

"Companies need an easy way to share their financial models whether it's with the office next door or with one on another continent," says Robert Kugel, Senior Vice President of Ventana Research. "By providing an easy and secure way to publish models to its web reporting portal, 'Qloud', Quantrix is eliminating a barrier to greater collaboration. Companies that are frustrated by the limitations of desktop spreadsheets but don't want to use complex business intelligence tools should look into Quantrix."

"A lot of time is wasted in the business planning cycle just in getting the right information in front of the right people to make timely decisions," says Chris Molloy, Vice President of Corporate Development at IDBS, the parent company of Quantrix. "With this new version of Quantrix, we developed our own online environment called the Quantrix Qloud, where users can publish and share their models quickly, easily, and securely." 

Features of Quantrix Modeler 4.0 enable users to:

  • Share Models via Quantrix Qloud -- The new version enables users to publish business and financial models to the Quantrix Qloud, a publishing server hosted by Quantrix. Users can invite colleagues or clients to securely view models or they can make models available to the general public. Individuals log in via a web browser, and do not need to install the Quantrix Modeler application to view models.
  • Speed Calculation by Up to 85% -- Version 4.0 includes a new calculation strategy that can dramatically improve the time it takes for a model to calculate. In addition to the cell-by-cell calculation strategy, Version 4.0 offers a range-based approach. Quantrix logged speed improvements of between 50 and 85 percent during internal testing on models that contained up to 21 million cells.
  • Customize Model Actions with Scripting -- The new version uses a Java language called Groovy Scripts that enables users to write scripts to drive models. Users can now develop mini-applications, add custom menu items, create canvas buttons, and edit actions and functions.

Quantrix version 4.0 is available for both Windows and Macintosh platforms. Visit the Quantrix web site to view a webinar of the new features and functions of version 4.0, or to view a model published on the Quantrix Qloud.

Quantrix Modeler's multi-dimensional business modeling and analytics software enables financial professionals to break away from the restrictions of spreadsheet technology and enterprise business intelligence applications to quickly develop financial models of the highest integrity, flexibility, and transparency. Quantrix Modeler is a desktop business modeling and analytics (BMA) software solution that enables financial and business planners to understand the impact of decisions through multi-dimensional modeling, visualizations, and "what if" scenarios.

About Quantrix
Quantrix's business modeling and analytics (BMA) solutions and services enable companies to develop accurate, secure, and dynamic forecast, budget, planning, risk, and data models. Quantrix Modeler provides unprecedented business intelligence and improved business performance management to customers in 50 countries. It delivers rapid return on investment by empowering business and financial professionals to break away from restrictive two-dimensional spreadsheets and complicated modeling and business intelligence tools. Quantrix Modeler is available directly from the company and from its partners in the United Kingdom, Ireland, China, Australia, New Zealand, Germany, Mexico, Chile, South Africa, the Philippines, Italy, and Brazil. Quantrix is an independent business unit of IDBS, a leading worldwide provider of data management, analytics, and modeling solutions. For more information about Quantrix Modeler, or to activate a free 30-day trial, visit http://www.quantrix.com or call +1 207.775.0808.

Contact Information

  • Media Contact for Quantrix:

    Alison Harris
    Harris Media Services
    +1 207.829.4500
    Email Contact

    Contact at Quantrix:

    David Phillips
    Marketing Manager
    Quantrix
    +1 207.775.0808 ext 108
    Email Contact