Average Ratings

3 Reviews
  • 4.5 / 5
    Overall
  • 4.5 / 5
    Ease of Use
  • 5 / 5
    Customer Service

Product Details

  • Pricing Details
    from 249EUR per seat
  • Free Trial
    Yes
  • Deployment
    Installed - Windows
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • Vose Software
  • www.vosesoftware.com/
  • Belgium

About ModelRisk

ModelRisk is an Excel add-in that allows the user to include uncertainty in their spreadsheet models. ModelRisk has been the innovation leader in the marketplace since 2009, being the first to introduce many technical features that make risk models easier to build, easier to audit and test, and more precisely match the problems you face.


ModelRisk Features

  • Auditing
  • Business Process Control
  • Compliance Management
  • Corrective Actions (CAPA)
  • Dashboard
  • Incident Management
  • Internal Controls Management
  • Risk Assessment

ModelRisk Reviews Recently Reviewed!

Business Analytics Grad Student

Sep 25, 2017
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: The software is very helpful and easy to use for a variety of models. I used it for DCF risk valuation.

Cons: My only dissatisfaction is the lack of Mac OS compatibility, so I had to run a VM for Win which is sub-optimal.

One of the most powerful and flexible tools of this kind available, with well-considered feature set

Sep 20, 2017
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
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Pros: Wide range of pdfs available, integration and aggregation functions are very useful for insurers. Good graphics, and interoperability especially ability to import data and export results.

Cons: Can be tricky to use, and a lot of prior knowledge is assumed regarding topics such as "objects" and "functions" - should be friendlier for users who do not have a background in software development. It would be good to see some additional functions; numerical differentiation, better interpolation utilities, and the ability to "fit" PERT and ModPERT distributions which would be useful for actuaries even if mathematically unusual. There are bugs in the Copula reporting utilities.

Overall: Statistical analysis and excellent support for developing models for analysing uncertainty; actuarial experience analysis, project decision analysis, capital management, valuation and risk pricing for ourselves and for clients.

I switched from @Risk to ModelRisk within a few days of testing

Sep 19, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
Likely

Pros: Great overviews of input and output pdfs and sensitivity analyses ( spider plot). Some product and other complex functions explained well and easy to use.

Cons: You have to type Vose everytime you want to use a function. Customer service is great and a genius as well as a good teacher. But I don't want to think of him all the time :-)

Overall: Better models that are easy to desing