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What is ModelRisk?

ModelRisk is an Excel add-in tailored for conducting Monte Carlo simulations, allowing users to integrate uncertainty into their spreadsheet models effectively. Since its launch in 2009, it has become a benchmark for innovation in the field, introducing a variety of technical features related to Monte Carlo techniques that facilitate the development, verification, and evaluation of risk models in a manner that aligns more closely with real-world complexities. By replacing uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately depict the uncertainty surrounding those values. Subsequently, ModelRisk utilizes Monte Carlo simulation methods to generate thousands of potential scenarios automatically. While Excel is employed for a multitude of analytical tasks, ModelRisk uniquely focuses on assessing the uncertainty present in the numerical outcomes of Excel models. This powerful tool has been embraced by users from diverse industries for risk analysis, highlighting its adaptability and effectiveness in managing uncertainty. Moreover, its capability to visualize results not only enhances user comprehension but also aids in making well-informed decisions, ultimately leading to better strategic outcomes. In an increasingly complex world, ModelRisk empowers users to navigate uncertainty with confidence.

What is Decision Time Risks?

Established in 2003, Decision Time was born out of the understanding that many leaders faced challenges with cumbersome and incompatible tools for guiding their organizations. Our primary goal has always been to streamline effective governance practices and improve strategic performance management for these leaders. In creating Decision Time, we sought to remove barriers that impede collaboration between people and technology, paving a clear and actionable path toward fulfilling strategic goals. We are strong proponents of the idea that individuals achieve their highest potential when armed with the right tools—software that is intuitive, collaborative, and secure. Leveraging our vast collective experience, we work diligently each day to simplify governance and tasks driven by knowledge. Our unwavering commitment to delivering an exceptional product and nurturing reliable relationships with our clients remains at the forefront of our efforts. We envision a future where everyone can find value in using Decision Time software, regardless of their technical proficiency. Acknowledging that our software needs to be both intuitive and enjoyable, we understand that our objective is not yet fully realized, driving us to pursue ongoing enhancements. As we continue to evolve, we are steadfast in our mission to refine our solutions to guarantee the utmost satisfaction for our users, ensuring they can confidently navigate their governance challenges.

Media

Media

Integrations Supported

Microsoft Excel

Integrations Supported

Microsoft Excel

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Vose Software

Company Location

Belgium

Company Website

www.vosesoftware.com/products/modelrisk/

Company Facts

Organization Name

Decision Time

Date Founded

2003

Company Location

United Kingdom

Company Website

www.decisiontime.co.uk/about-decision-time-board-risk-software

Categories and 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

Categories and 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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