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ease
features
design
support

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Description

Regardless of the sector you operate in, the DecisionTools Suite empowers you to make informed decisions with certainty. Eliminate uncertainty from significant choices and develop strategies with assurance. This suite allows you to evaluate risks and enhance decision-making directly within Microsoft Excel. Comprising a comprehensive set of tools for analyzing risks and making choices amid uncertainty, the DecisionTools Suite integrates effortlessly with Excel. Our pioneering software transforms unpredictable scenarios into actionable insights. For thirty years, Palisade has been at the forefront of risk and decision analysis software, enabling various organizations to assess risks at every level and determine the best course of action. With a global footprint and offices worldwide, we maintain a truly international presence. We take pride in our diverse team and our capability to provide both sales and technical assistance for Palisade products, ensuring our clients receive the support they need anywhere in the world. Ultimately, the DecisionTools Suite is designed to enhance your decision-making process, allowing you to navigate complexities with clarity and confidence.

Description

ModelRisk is an Excel add-in designed for Monte Carlo simulations, enabling users to incorporate uncertainty into their spreadsheet models. Since its inception in 2009, ModelRisk has set the standard for innovation in the industry, pioneering numerous technical features related to Monte Carlo methods that simplify the construction, auditing, and testing of risk models while ensuring they align more closely with real-world challenges. By substituting uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately represent the uncertainty surrounding those values. Following this, ModelRisk employs Monte Carlo simulation techniques to automatically produce thousands of possible scenarios. Similar to how Excel serves various analytical purposes, ModelRisk specifically evaluates the uncertainty inherent in the numerical output of Excel models. This tool has been utilized by users across a wide array of industries for risk analysis, showcasing its versatility and effectiveness in addressing uncertainty. Additionally, the ability to visualize the results enhances user understanding and supports informed decision-making.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Lumivero

Founded

1995

Country

United States

Website

lumivero.com/products/decision-tools/

Vendor Details

Company Name

Vose Software

Country

Belgium

Website

www.vosesoftware.com/products/modelrisk/

Product Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

Product Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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