Quantrix Development Kit Streamlines Creation of Customized Business and Financial Modeling, Analytics, and Reporting Solutions
QDK eliminates the complexity of enterprise BI development while delivering a solution superior to spreadsheets, enabling both IT and business analysts to focus on their own areas of expertise
Quantrix has released the Quantrix Development Kit (QDK), a modular platform that enables companies to develop customized business and financial modeling applications that are more flexible, scalable, and robust than traditional spreadsheet and business intelligence-based systems, while significantly reducing the time, effort, and cost associated with enterprise development.
ebizQ received the following:
With QDK, organizations can more efficiently allocate business and technical resources. Business users define the model and logic, while IT manages the workflows, integration points, and application security that enable secure collaboration. End users access these tailored applications via custom interface such as a thin client or Quantrix Modeler, a desktop business modeling and analytics (BMA) software solution that enables financial and business planners to understand the impact of decisions through multi-dimensional modeling, visualizations, and “what if” scenarios.
“QDK enables businesses to develop enterprise-wide, collaborative applications that are far more flexible and reliable than spreadsheets, while far less difficult to build, deploy, and use than BI or planning tools,” says Robert Kugel, CFA, SVP of Research, Ventana Research. “Using Quantrix, companies have developed model-based solutions that are more detailed and tailored to their specific requirements in a fraction of the time, with far fewer people. Companies that do even moderately complex business planning and analysis should look into Quantrix.”
QDK provides a number of business benefits, including the ability to:
-- Develop collaborative, server-based enterprise-wide applications that can be accessed on the desktop or via thin-client user interface.
-- Enable business users to rapidly change, extend, and adapt the business planning processes to meet the needs of ever-changing business environments.
-- Develop applications that solve specific needs using transparent business-driven logic.
-- More efficiently use business and IT human resources as well as corporate information assets and data warehouses.
-- Slash the resources required to create and maintain applications -- including programmer hours, learning curve, and costs – that are typical with enterprise applications.
-- Replace error-prone and limited spreadsheets with a flexible, dynamic, and scalable modeling and analytics platform.
QDK provides a number of technical benefits, including:
-- Robust performance and centralized access of a server-side solution.
-- Improved API integration and modularity, with each plug-in publishing its own API.
-- The flexibility of embedding Quantrix objects into other applications, workflows, server processes, and more.
-- Plug-in architecture according to OSGI standards.
-- An Eclipse-standard development environment.
“QDK enables businesses to find the sweet spot between the limits of spreadsheets and the complexity of enterprise BI and planning toolsets,” says Chris Houle, CEO, Quantrix. “Business users are empowered to build and maintain models with plain-language business logic, while freeing IT to focus on deploying and managing a customized application that offers the flexibility, scalability, and business insight that the company needs to improve performance.”
Quantrix Modeler’s multidimensional business modeling and analytics software enables financial professionals to break away from the restrictions of spreadsheet technology to quickly develop financial models of the highest integrity, flexibility, and transparency.