Quantrix Modelling Software – When should I consider using it?
Here at MXI UK & Ireland, consultants and implementers for
Quantrix financial & business modelling software we have found the point where users should start considering Quantrix.
Firstly where the Budget, forecast and modelling requirement is sizeable and requires in the involvement of several departments across the organisation. The time savings alone can run to literally hundreds or thousands of man hours improving both the budgeting process and the quality of the resultant information budget or model.
For example, Sales by product side by side, no problem for a spreadsheet. Add another column for years to compare this year over last year, still no problem. However when you need repeat this process over and over it gets more cumbersome and the possibly of small errors start to creep into the spreadsheet. Cash flows and Profit & loss statement in several different tabs, by year, by division, by territory and another tab for consolidating the corporate data with a reduced level of detail for management review, questions and decision making. The 2 dimensional worksheet runs out of puff.
Now you need a financial model supporting fully integrated financials built from the ground up which can tested for different scenarios with monthly, quarterly periods. This would require using the same items, subtotals and formulas over several worksheets. This to quote a sporting metaphor, is the sweet spot for Quantrix Modeller and where it comes into its own.
This is the definition of a structured financial model or business model, and spreadsheets were not designed for that. Terrific for calculating expense and mileage reports, and other two-dimensional analysis, but not the right option for a structured, multi-dimensional model supporting and providing key management information.
To help companies see the power of Quantrix we have arranged a challenge just for you. We will take your data and load it into Quantrix to give you a fully working forecasting & budgeting software application to try it out. Find out more here: Quantrix