March 11th IFSC Jurys Inn Quantrix Preview: Register Now!
March 11th Jurys Inn, MXI present the QUANTRIX Modeller which is ideal for use in Banking and Financial Sector as a Modelling tool for pricing and evaulating risk, Capital Planning, Cash Flow Modelling and budgeting forecasting. Financial Regulators around the world insisting that spreadsheets need to be "Managed down" and QUANTRIX fits the bill.
Registration for Jurys Inn IFSC Dublin 1 March 11th
Modelling Presentation.
Financial Modelling & Budgeting software and tools include planning, budgeting and forecasting software which help organisations manage their financial and business planning cycle.
They also use the modelling software to augment financial reporting to meet government and industry regulations. MXI Modelling tools makes business opportunities cheaper, quicker and more profitable to harvest.
In the Banking and Financial environment new modelling tools will underpin a whole new strategy for pricing risk, capital and investment management and planning. Regulators point to the need to improve the spreadsheet culture.
In the 1990s, competent financial planning, modelling tools were expensive and complex for companies with less than 1,000 employees struggling to justify the investment.Our planning tools can deliver a million dollar impact for low - mid five figures.
Many still use rudimentary technology worksheets and email for such a complex and important job as financial budgeting and planning, while inexpensive, has a number of downsides.
The capacity and costs of systems like QUANTRIX Modeller and DATANAV from MXI Software in Dublin. Fast answers are needed to adjust planning assumptions and to test "what if" scenarios as conditions change. Money and Markets move in minutes long term customer loyalty lost in minutes as well.
Finance, Planning, Sales departments and Management, need to know immediately how a tweek here or there moves Profits, Cash Flow, Margins, cost. Surely the single dimension flat file worksheet is not the right tool for enterprise capable financial modelling. Really not much of an improvement on the manual system of the 1960's.
Stories are legend of problems with flat file worksheets. Business Intelligence Cash flow planning financial modelling with integrated financial planning enables users to easily add new metrics, tweak existing ones, and react to changing market conditions.
A cross departmental low cost financial planning and integrated modelling tool using the same formats for financials and makes collaboration and communication between the finance department and the rest of the company simpler.
Financial Modelling, integrated planning software markets is growing because finance, sales departments needs financial budgeting and planning data in real time and meet the "what if" and reporting needs of other users / departments.
Most importantly, the costs and skilled personnel requirements for Finance departments are greatly reduced. Time to end of month completion is faster, budgeting and forecasting cycles times reduced. Accuracy is greatly improved and new business opportunities cheaper, quicker and easier to harvest.
As Belfast Ken Graham an independent IT and Planning consultant says "it's faster to put the stuff together and faster to redo it," he said. "It gives your budgeting and planning process real agility."