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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.

Description

We have encountered numerous data teams grappling with dysfunctional dashboards, inadequately trained machine learning models, and unreliable analytics — and we understand the struggle firsthand. This issue, which we refer to as data downtime, results in restless nights, revenue loss, and inefficient use of time. It's time to stop relying on temporary fixes and to move away from outdated data governance tools. With Monte Carlo, data teams gain the upper hand by quickly identifying and addressing data issues, which fosters stronger teams and generates insights that truly drive business success. Given the significant investment you make in your data infrastructure, you cannot afford the risk of dealing with inconsistent data. At Monte Carlo, we champion the transformative potential of data, envisioning a future where you can rest easy, confident in the integrity of your data. By embracing this vision, you enhance not only your operations but also the overall effectiveness of your organization.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

DataOps.live
ShareForce

Integrations

DataOps.live
ShareForce

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

Vose Software

Country

Belgium

Website

www.vosesoftware.com/products/modelrisk/

Vendor Details

Company Name

Monte Carlo

Country

United States

Website

www.montecarlodata.com

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

Product Features

Data Management

Customer Data
Data Analysis
Data Capture
Data Integration
Data Migration
Data Quality Control
Data Security
Information Governance
Master Data Management
Match & Merge

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