Quantrix has released version 4.0 of its Quantrix Modeler business modeling and analytics (BMA) software solution. The new version provides access to web portal that enables business and finance professionals to share forecasts, budgets, strategic plans, and other models online via the Quantrix Qloud.
A new survey of business and finance professionals conducted by Quantrix discovered that, on average, more than 35 people are involved in the financial planning and analysis process and that companies share financial plans with more than 60 individuals.
“Companies need an easy way to share their financial models whether it’s with the office next door or with one on another continent,” says Robert Kugel, Senior Vice President of Ventana Research. “By providing an easy and secure way to publish models to its web reporting portal, ‘Qloud’, Quantrix is eliminating a barrier to greater collaboration. Companies that are frustrated by the limitations of desktop spreadsheets but don’t want to use complex business intelligence tools should look into Quantrix.”
“A lot of time is wasted in the business planning cycle just in getting the right information in front of the right people to make timely decisions,” says Chris Molloy, Vice President of Corporate Development at IDBS, the parent company of Quantrix. “With this new version of Quantrix, we developed our own online environment called the Quantrix Qloud, where users can publish and share their models quickly, easily, and securely.”
The new version enables users to publish business and financial models to the Quantrix Qloud, a publishing server hosted by Quantrix. Users can invite colleagues or clients to securely view models or they can make models available to the general public. Individuals log in via a web browser, and do not need to install the Quantrix Modeler application to view models.
Version 4.0 also includes a new calculation strategy that can dramatically improve the time it takes for a model to calculate. In addition to the cell-by-cell calculation strategy, Version 4.0 offers a range-based approach. Quantrix says it logged speed improvements of between 50 and 85 percent during internal testing on models that contained up to 21 million cells.
The new version also uses a Java language called Groovy Scripts that enables users to write scripts to drive models. Users can now develop mini-applications, add custom menu items, create canvas buttons, and edit actions and functions.
Quantrix version 4.0 is available for both Windows and Macintosh platforms.
