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
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and atten...
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to m...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex 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.