ModelRisk vs Risk Solver
Struggling to choose between ModelRisk and Risk Solver? Both products offer unique advantages, making it a tough decision.
ModelRisk is a Business & Commerce solution with tags like risk-management, financial-risk, market-risk, credit-risk, operational-risk, banks, financial-services.
It boasts features such as Monte Carlo simulation, Historical simulation, Sensitivity analysis, Stress testing, Value at Risk (VaR), Expected Shortfall, Credit risk modeling, Liquidity risk modeling, Optimization tools and pros including Comprehensive risk analytics, Industry standard models, Customizable modeling, Automated model validation, Regulatory compliance.
On the other hand, Risk Solver is a Office & Productivity product tagged with risk-analysis, simulation, uncertainty-modeling, excel-addin.
Its standout features include Monte Carlo simulation, Sensitivity analysis, Optimization, Tornado charts, Scenario analysis, and it shines with pros like Easy to use within Excel, Powerful risk analysis capabilities, Large number of probability distributions available, Can handle large and complex models.
To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.
ModelRisk
ModelRisk is risk management software used by banks and financial services companies to model and quantify financial risks. It helps build, validate, and audit risk models for market risk, credit risk, and operational risk.
Categories:
ModelRisk Features
- Monte Carlo simulation
- Historical simulation
- Sensitivity analysis
- Stress testing
- Value at Risk (VaR)
- Expected Shortfall
- Credit risk modeling
- Liquidity risk modeling
- Optimization tools
Pricing
- Subscription-Based
Pros
Cons
Risk Solver
Risk Solver is an Excel add-in developed by Frontline Systems that allows users to build risk analysis models and run simulations within Excel. It helps analyze the impact of uncertainty and risk in spreadsheet models.
Categories:
Risk Solver Features
- Monte Carlo simulation
- Sensitivity analysis
- Optimization
- Tornado charts
- Scenario analysis
Pricing
- One-time Purchase