Quantrix, Time for Your Financial Models to Grow Up
Quantrix knows that excel spreadsheets are readily available, but are they the best tool available for creating forward-looking business models such as forecasts, budgets, and strategic plans whne compared against Quantrix? MXI hopes to explain the key difference between spreadsheet and Quantrix modeling tools, the pros and cons of each, and how business users can determine when it’s time to make the leap from Excel to Quantrix.
Quantrix is very powerful and while Excel Spreadsheets are great for simple, two-dimensional analyses such as comparing the sales of products from one year to the next. But before you know it your excel spreadsheet has gone from a two-dimensional problem to one that contains multiple dimensions, and they need to replicate the basic structure of the P&L -- tracking data across a 12-month time period, with the same line items, subtotals, and formulas -- across multiple worksheets. And that is the definition of a structured model, and Excel spreadsheets are not designed for that. They may be terrific for calculating expense and mileage reports, and other two-dimensional analyses, but they are not the right choice for a structured, multi-dimensional model. When you reach that level it is time for your Excel to grow up and move to Quantrix.
Quantrix is the next step to Excel but how do you know when is the right time to move to Quantrix. The main indicator to move to Quantrix is time: When you find that you are spending more time maintaining your spreadsheets than you are doing actual work, it’s time to move to Quantrix. Fixing formulas, inserting rows and columns -- all of that takes too much time, especially when those actions need to be taken across multiple worksheets and tabs. Staff who have been hired to make important business decisions should not be copying and pasting formulas; that is a huge waste of talent. So start saving your valuable time and let your Financials Models grow up and switch to Quantrix for your business.
Quantrix versus Excel, which would you pick? To help you make that choice MXI are offering you the chance to compare your Excel Models against Quantrix. Click here to find out more: Excel Versus Quantrix.