Financial Modelling in Quantrix. - How long does it take?
We were demonstrating Quantrix financial modelling software to an Insurance Company where we are planning to install a full UK & Ireland budgeting, forecasting and projections solution.
Naturally with rolling projections connected to their ledgers. They told us the current size of their spreadsheet was 75,000 formulas. We told them we could do it with 215 formulas roughly within a week. We said formula would be English language like and completely visible, flexible and understandable to the end user for ever. At the end of the day we weren't charging enough.
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During the meeting we needed to make a change to the Model to fit in with the way they like to do things. It was the representation of Quotes to Sale ratios and a presentational change to the Ledgers. So we added a few new dimensions in one matrix and as the MXI financial modelling tool replicates these everywhere else it worked immediately. One of the attendees said those changes alone in their 10 year old spreadsheet might have taken 2 days with checking. We made them in 5 minutes.
The Customer Service Director then asked to see what a small change in their Quotation success rate would mean to headcount, admin, revenues, sales budgets. Using the Quantrix modeller slider bar feature we showed him there and then. Watch our video to see it in action. This middle aged man's face lit up like he hadn't seen this before which he hadn't. Naturally it was all fed into the financials as well, Group Finance Chief would like that, the financial controller said.
Quantrix is sold and installed in Britain and Ireland by MXI.
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