Quantrix - Fans are out there and loving it.
Our Quantrix UK & Ireland budgeting, forecasting and modelling teams were researching over the week end and saw this very interesting article talking about Quantrix Financial modeller. It's the same old story of someone using excel spreadsheets to enhance and report his employers large IT and ERP systems. Reports and Forecast urgently needed and nowhere to go except Excel.
Eventually our hero comes across a line item budgeting forecasting model so complex no one else he is dealing with actually understands it. He explains that over the years to be able to do the regular budgets forecast, he had to acquire skills in VBA, SQL Server, various large business software none of which added any real value to his skill set. The spreadsheet simply acted as flexible front-end to deliver all the management necessities of reporting, forecasts, etc.
He spent half of his time over a two year period becoming a bona fides Excel Pro. And that only half of that time was spent working on projects of real benefit to his job and employer. He spent considerable amount of time training the firm's new financial analysts into their role as well.
Finally before introducing Quantrix, he admits defeat with a forecasting issue so complex that even he with his years of experience in Excel could not handle. The cost of managing the issue was very high indeed. Very few people in the organisation were capable of addressing the issue within the spreadsheet. Excel had literally outsmarted itself.
Scott, that's his name, then says "One day I stumbled across Quantrix, and my life has not been the same since. I'm not kidding". Take the MXI Excel Challenge
You can read the rest of the article yourself. Read here