The DecisionTools Suite icon

The DecisionTools Suite

Make Decisions with Confidence

Complete Risk & Decision Analysis Toolkit for Microsoft Excel & Project


[Palisade’s DecisionTools Suite] has played a key role in increasing the quality of decision-making and helping project teams to think clearly, act decisively and feel confident.

Andrew Evans
Decision Analyst, Unilever

A key strategic tool for Thales, assisting us in our process of reaching informed business-critical decisions.

Adam Ogilvie-Smith
Senior Consultant, Thales Management Consultancy

Allows us to measure each eventuality and present it visually so that the benefits of each path are clear to everyone and an informed decision can be taken.

Alec Yeowell
Asset Management Engineer, Halcrow / CH2M HILL

PrecisionTree’s attraction is its capacity to value complex decisions which involve multiple steps.

Robert Hunt
Former Associate Director for Investment Analytics, Procter & Gamble

DecisionTools Suite 7 for Insurance & Reinsurance

Insurers, reinsurers, private firms and government agencies use the DecisionTools Suite for comprehensive approaches to forecasting and evaluating premiums, and obtaining optimal accuracy in capital reserve estimations. The Suite also allows for making best-informed decisions on which parties to insure.


Scottsdale Insurance Company

Using @RISK [part of the DecisionTools Suite] allows us to choose between competing opportunities.

Allan Smith
Financial Business Advisor, Scottsdale Insurance Company
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Overview

The DecisionTools Suite is an integrated set of programs for risk analysis and decision making under uncertainty. DecisionTools Suite software integrates seamlessly with Microsoft Excel, and includes:

  • @RISK for Monte Carlo simulation
  • PrecisionTree for decision trees
  • TopRank for “what if” sensitivity analysis
  • StatTools for statistical analysis & forecasting
  • NeuralTools for predictive neural networks
  • Evolver for sophisticated optimization
  • RISKOptimizer for Monte Carlo simulation & optimization
Explore the functionality of each part of the software ribbon. Learn how features work together to create powerful risk and decision analysis models.
The DecisionTools Suite screenshot

How The DecisionTools Suite Is Used

The DecisionTools Suite enables endless applications, including these in Insurance & Reinsurance:

  • Loss Reserves Estimation
  • Premium Pricing
  • Claims Forecasting
  • Multi-level Coverage Strategy

Customer Success Stories

Learn how The DecisionTools Suite has helped decision makers in Insurance & Reinsurance to improve risk and decision analysis efforts.

Deloitte
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Post Danmark / PricewaterhouseCoopers
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Society of Actuaries / Casualty Actuary Society
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Scottsdale Insurance Company
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Product Resources

Explore examples and tutorials on how to make The DecisionTools Suite work best for you.

Intro to Risk & Decision Analysis with the Suite
Watch Webinar
Insurance Claims
Watch Video
Insurance Claims with Reinsurance Option
Download Model
Insurance Claims - Model with Compound Distribution
View

Features

Learn More About Each Product in the Suite

Each component of the DecisionTools Suite performs powerful analyses.
When you combine products, you can achieve more complete results than any single program can provide.

Select a product to get more information.

@RISK

@RISK performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your Microsoft Excel or Microsoft Project spreadsheet—and how likely they are to occur. This means you can judge which risks to take and which ones to avoid.

More About @RISK

PrecisionTree

PrecisionTree performs decision analysis in Microsoft Excel using decision trees and influence diagrams. Decision trees let you visually map out complex decisions in a sequential, organized manner. This helps you identify all possible alternatives and choose the best option.

More About PrecisionTree

TopRank

TopRank performs automated “what if” sensitivity analysis on Microsoft Excel spreadsheets. Define any output or “bottom line” cell or cells, and TopRank will automatically find and vary all input cells which affect your output. This allows you to identify and rank all input factors which affect your bottom line.

More About TopRank

StatTools

StatTools performs forecasting and statistical analysis in Microsoft Excel. It replaces Excel’s built-in statistics functions with its own, more robust and accurate functions. StatTools covers the most common statistical analyses, and even allows you to build your own custom statistical procedures.

More About StatTools

NeuralTools

NeuralTools performs predictions in Microsoft Excel using sophisticated neural networks. NeuralTools imitates brain functions to “learn” patterns in your known data, using those patterns to make predictions from new, incomplete data. NeuralTools can automatically update predictions live when input data changes, saving time and enabling more robust analyses.

More About NeuralTools

Evolver

Evolver performs optimization in Microsoft Excel using genetic algorithms, linear programming, or the OptQuest solving methods. It finds the best solution to linear problems large and small, and gives the best overall global solution to nonlinear, complex problems where other solvers fail. Evolver constantly tries new, different solutions to arrive at the best answer possible.

More About Evolver

RISKOptimizer

RISKOptimizer uses genetic algorithms or OptQuest methods, along with Monte Carlo simulation, to solve optimization problems. Take any optimization problem and replace uncertain values with @RISK functions that represent ranges of possible values. RISKOptimizer tries different combinations of adjustable cells to achieve the goal you define, while running Monte Carlo simulations on each trial solution to account for inherent uncertainty. The result is the most robust, accurate solution possible.

More About RISKOptimizer

BigPicture

BigPicture is a mind mapping and chart generation add-in for Microscoft Excel. It allows you to create mind maps to organize thoughts and ideas, or create dynamic maps from any type of spreadsheet data.

More About BigPicture

Save 50%

When you buy the DecisionTools Suite, you save 50% versus buying all components individually. The best analyses at a great price—with The DecisionTools Suite.

Professional Industrial
@RISK & RISKOptimizer* $1870 $2530 Professional: $1870
Industrial: $2530
BigPicture** $330 $330 Professional: $330
Industrial: $330
PrecisionTree $1095 $1430 Professional: $1095
Industrial: $1430
TopRank*** $495 $795 Professional: $495
Industrial: $795
NeuralTools $545 $875 Professional: $545
Industrial: $875
StatTools $385 $655 Professional: $385
Industrial: $655
Evolver $935 $1315 Professional: $935
Industrial: $1315
Total Value $5655 $7930 Professional: $5655
Industrial: $7930
DecisionTools Suite DTS $2860 $3745 Professional: $2860
Industrial: $3745
Savings $2795 $4185 Professional: $2795
Industrial: $4185
* RISKOptimizer included with @RISK Industrial
** BigPicture is available as one edition only.
*** TopRank is available only with the DecisionTools Suite; it is not sold separately.
Prices shown are estimated retail prices.
Buy Now Buy Now
* RISKOptimizer included with @RISK Industrial
** BigPicture is available as one edition only.
*** TopRank is available only with the DecisionTools Suite; it is not sold separately.
Prices shown are estimated retail prices.

Additional Benefits

Maintenance

Maintenance is free for the first year of your software.

  • Free upgrades when new software versions are released
  • Full access to Technical Support

Support

Technical Support is available to help with installation, operational problems, or errors.

  • Free with a current maintenance plan
  • Available nearly 24 hours

Customizable

Leverage the power of The DecisionTools Suite in your own custom application with Palisade Custom Development.

  • Engage Palisade to design your solution
  • Standardize your analyses and reduce learning curves

Next Steps