@RISK

About @RISK
What are the chances of making money –or taking a loss–on your next venture? How about the probabilities of staying within budget or needing a contingency? Armed with that information, you could take the guesswork out of big decisions and plan strategies with confidence. With @RISK, you can answer these questions and more–right in your Excel spreadsheet.
@RISK is the flagship of Palisade’s analytics solutions, performing risk analysis using Monte Carlo simulation. It tracks and computes many different possible future scenarios, and shows you the probability of each occurring. @RISK’s analytics guide your decision-making process to achieve the optimal outcome.
Key benefits of @RISK
- Avoid pitfalls and identify opportunities
- No need to learn new applications from scratch - works right in Excel
- Solve both linear and nonlinear problems quickly and accurately
- Easily exlpain results and recommendations to others
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Reviews
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- Industry: Management Consulting
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Likelihood to recommend 9.0 /10
Excellent software for financial risk analysis
Reviewed on 2022/06/15
It has been really great to understand stochastic processes in finance and analyse investments,...
It has been really great to understand stochastic processes in finance and analyse investments, mergers and even stocks
Pros
The infinite variety of data representation though excel functions that emulate geometric brownian motion to analyse moving finances
Cons
The UI is pretty bad since there is not a standalone software to write the code and debug
- Industry: Higher Education
- Company size: 501–1,000 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Using Monte Carlo Simulation
Reviewed on 2017/04/12
Monte Carlo simulation is a very useful tool that allows the user to incorporate variability to...
Monte Carlo simulation is a very useful tool that allows the user to incorporate variability to what otherwise would be a simple spreadsheet model that uses average values. It is possible that if you use average values a project you are analysing will be profitable according to your analysis. When you incorporate variability while the expected profit is positive, can find that there is a high probability of the profit being really a loss.
@risk is a software you can use to create this type of models. It is basically an Excel add-in that will allow you to transform your Excel model into a much more versatile one. When you run your model you obtain not only a point estimate but can look the spread of the estimates. Can also identify which input variables are critical and you can also do some sensitivity analysis to look into the potential effect of one or more of the inputs changing (for example, what could happen if interest rates change).
The software is easy to use and it has an excellent manual as well as excellent online support. The company also organises on a regular basis very interesting conferences where case studies are presented by companies and these conferences are an opportunity to meet like minded people.
I have been using the software mostly for teaching but past students are using them at their workplace with great success.
Pros
Two things: documentation and the easiness to do networking which is very important for anybody who is interested on working in the area.
Cons
Would like to see more practical examples of BIG projects but I suppose many of them are property of the company that developed them.
Response from Lumivero
Thank you, Alicia, for taking the time to write this glowing review of our software! We are so appreciative of customers, like yourself, that spread the word about @RISK and Monte Carlo simulation. Your description of Monte Carlo simulation is perfect and helps to demystify it for those that aren't familiar with why Monte Carlo simulation can often times be a better option.
We have over 80,000 students a year using our software, some of which are probably your students! These students will typically enter the workforce being able to make better decisions using @RISK and Monte Carlo simulation.
Thank you, again, for your kind words and for being one of our valued users!
- Industry: Biotechnology
- Company size: 2–10 Employees
- Used Monthly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 3.0 /10
OK product - super scammy company - watch out - auto renewal with no notice and no refund
Reviewed on 2024/07/29
Decent product - but dangerous company to be involved with.
Decent product - but dangerous company to be involved with.
Pros
Ok product. Useful for what it does. Integrates well to excel. The problem is the software vendor - not the product.
Cons
The company basically makes money like a gym membership. Hope that people forget to cancel and dont offer refunds. Customer service emails bounce. We stopped using the product and got hit with a 6k auto renewal charge. We called the day of to cancel and they told us our contract said we could only cancel 60 days prior to renewal. Huge red flag. No way to use the product without signing the auto renewal agreement and they dont send notifications prior to auto renewal.
- Industry: Insurance
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Ease of Use
- Customer Support
- Likelihood to recommend 7.0 /10
Just okay - R or Python better
Reviewed on 2022/08/11
Pros
The software integrates very easily with excel, and for an advanced user of excel, it is really easy to get the hang of. @Risk functions make it easy to calculate distributions.
Cons
@Risk is very slow when making complicated models or dealing with large datasets. R or Python would be able to process much quicker.
- Industry: Education Management
- Company size: 1,001–5,000 Employees
- Used Monthly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
One of the best tool for financial risk analysis
Reviewed on 2023/01/20
Pros
Good for running simulations, predicting the risk, and easy to use.
Cons
No mobile access and its UX/UI could be better.
@RISK FAQs
Below are some frequently asked questions for @RISK.Q. What type of pricing plans does @RISK offer?
@RISK offers the following pricing plans:
- Starting from: US$2,225.00/year
- Pricing model: Subscription
- Free Trial: Available
Subscription-based pricing model on a one, two, or three-year term. Price shown reflects 3-year option and must be paid upfront.
Q. Who are the typical users of @RISK?
@RISK has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does @RISK support?
@RISK supports the following languages:
English
Q. Does @RISK support mobile devices?
@RISK supports the following devices:
Q. What other apps does @RISK integrate with?
We do not have any information about what integrations @RISK has
Q. What level of support does @RISK offer?
@RISK offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
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