Welcome!

News Feed Item

Quantrix Qloud Improves Collaborative Business Planning and Information Sharing

Quantrix Qloud Now Supports Online Editing of Multidimensional Business Models; Concurrent Release of Quantrix Modeler 5.1 Further Streamlines Business Planning, Forecasting, Budgeting, and Information Modeling

PORTLAND, ME -- (Marketwired) -- 01/14/14 -- Quantrix has released major upgrades to its Quantrix Modeler business modeling and analytics (BMA) and Quantrix Qloud software solutions. Quantrix Modeler Release 5.1 includes new features such as a smart time functionality and improved integration with databases and business applications via its DataNAV and DataLink functions. The Quantrix Qloud, a hosted solution that requires no IT infrastructure investments, now enables end-user interaction with models via web-browser. Quantrix Modeler is a multi-dimensional business planning software solution that enables financial professionals to break away from the restrictions of spreadsheet technology and enterprise business intelligence applications to quickly develop financial models of the highest integrity, flexibility, and transparency.

"Collaboration is essential to business, especially to planning. The Quantrix Qloud breaks down organizational silos. It makes it easier, faster, and safer to collaborate on creating and updating plans and performing 'what if' scenarios," remarked Robert Kugel, Senior Vice President & Research Director, Ventana Research. "Quantrix Modeler and its complementary web service, the Quantrix Qloud, give organizations a lot more flexibility in how they use and share planning models. And they make it easier for organizations to create and adapt models quickly and efficiently as conditions change. The Qloud is particularly useful for companies and consultancies that wish to provide secure web access to individuals who need to work with -- or contribute information to -- their models without having to incur the effort and expense of supporting additional IT assets."

Cloud-based applications for business and finance have become more accepted as companies overcome security concerns and migrate to web-based business planning solutions. In a recent survey of business and finance professionals, Quantrix found that while only two percent of respondents use cloud-based spreadsheet tools, 22 percent use cloud-based budgeting/planning tools, 24 percent use cloud-based BI tools, and 25 percent use cloud-based ERP tools. In all, 41 percent of respondents reported that their companies have a strategic initiative to move business applications to the cloud.

Reasons for the move to cloud-based business applications include a strong need to improve collaboration among business and finance teams: among the top challenges cited in Quantrix's survey was the need for simultaneous access to business planning models. The pace of business also has an impact: 42 percent of respondents say they are receiving "many more" requests for ad hoc, or "what if" scenarios, which are more easily generated with access to up-to-date business planning model data. A full 54 percent of respondents cite that better web accessibility makes business-planning tools more useful.

"Our customers need a web-based tool for information sharing and collaborative business planning, but also need a powerful modeling solution for the desktop. Quantrix now offers the best of both worlds," says Mike Salisbury, Senior Product Manager, Quantrix. "Quantrix Modeler offers a high-fidelity, multidimensional model building experience while the Qloud enables business users anywhere to securely access and interact with those models online."

The combination of Quantrix Modeler plus Quantrix Qloud is ideal for companies with distributed operations that need to provide a holistic view of consolidated financial data to all involved in business planning and decision-making. The combined solution also enables consultancies to develop and deliver interactive models to clients with real-time data. This Quantrix-hosted solution will free IT departments and consultancies alike from the time and expense of supporting servers and other infrastructure.

Major new features and functionality of Quantrix 5.1 include:

  • Web-based collaboration with Interactive Qloud: Users now can edit Quantrix models online in real time. Model owners can assign permission levels and share models or segments of models securely in multiple modes: as a viewer, modeler, or user. Modelers also can "check out" models from the web to their desktops to make changes to formulas and structure, all with version control. Model data can be exported from the Qloud for use in other databases or applications.
  • Smart time dimension functionality: The new Timeline feature in Quantrix Modeler 5.1 streamlines the process of setting up the all-important time dimension in models. A wizard walks users through the steps of setting up time-based dimensions (month, quarter, fiscal year, etc.). Users can easily link a timeline to another matrix, and can have different timelines such as a fiscal year and a calendar year on different matrices within a model.
  • Enhanced data sharing: Quantrix Modeler 5.1 includes several enhancements to DataLink, which integrates Quantrix models with data sources and business applications, and DataNAV, which queries data sources to develop ad hoc and structured analyses. Users now can establish a direct DataLink to another Quantrix model without first exporting to an external database, can use a Quantrix matrix as a DataNAV data source, and can use a URL to identify a data source for DataLink or DataNAV.

Quantrix Modeler 5.1 is available immediately; for more information or to activate a free trial, visit http://www.quantrix.com. For more information about the Quantrix Qloud, visit http://www.quantrix.com/Quantrix_Qloud.htm.

For a copy of the results of Quantrix's Business Planning Survey, visit http://www.quantrix.com/userfiles/file/2013%20Business%20Planning%20Survey.pdf

About Quantrix
Quantrix's business modeling and analytics (BMA) solutions and services enable companies to develop accurate, secure, and dynamic forecast, budget, planning, risk, and data models. Quantrix Modeler provides unprecedented business intelligence and improved business performance management to customers in 50 countries. It delivers rapid return on investment by empowering business and financial professionals to break away from restrictive two-dimensional spreadsheets and complicated modeling and business intelligence tools. Quantrix Modeler is available directly from the company and from its partners in the United Kingdom, Ireland, China, Australia, New Zealand, Germany, Mexico, Chile, South Africa, the Philippines, Italy, and Brazil. Quantrix is an independent business unit of IDBS, a leading worldwide provider of data management, analytics, and modeling solutions. For more information about Quantrix Modeler, or to activate a free 30-day trial, visit http://www.quantrix.com or call +1 207.775.0808.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Media Contact for Quantrix:

Alison Harris
Harris Media Services
+1 207.829.4500
Email Contact

Contact at Quantrix:

David Phillips
Marketing Director
Quantrix
+1 207.775.0808 ext 108
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Storpool does only block-level storage so we do one thing extremely well. The growth in data is what drives the move to software-defined technologies in general and software-defined storage," explained Boyan Ivanov, CEO and co-founder at StorPool, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Sometimes I write a blog just to formulate and organize a point of view, and I think it’s time that I pull together the bounty of excellent information about Machine Learning. This is a topic with which business leaders must become comfortable, especially tomorrow’s business leaders (tip for my next semester University of San Francisco business students!). Machine learning is a key capability that will help organizations drive optimization and monetization opportunities, and there have been some...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.