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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
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