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
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We provide DevOps solutions. We also partner with some key players in the DevOps space and we use the technology that we partner with to engineer custom solutions for different organizations," stated Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
"Operations is sort of the maturation of cloud utilization and the move to the cloud," explained Steve Anderson, Product Manager for BMC’s Cloud Lifecycle Management, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...