Customized software solutions for risk and decision analysis
Risk Modeling That Fits Your Needs
Businesses in every industry face uncertainty. With Palisade Custom Development, you don’t need to be a statistician to plan for risk and uncertainty – you simply need to know your business. Experts from Palisade will work with you to build straightforward solutions that address your needs, letting you focus on your business.
Standardized Decision-Making That Saves Time
Not everyone who faces uncertainty is a modeler or statistician. Sometimes risk analysis needs to be applied to a core process – like financial portfolio calculation, project cost estimation, or oil reserves forecasting – in a standardized and reproducible way.
Palisade Custom Development brings technical experts to your department, working with you to build a custom-designed solution integrating @RISK and other DecisionTools technology. Working with your existing models or models created by Palisade experts, our team will tailor the interface, automation, logic, and reporting, all to your needs. Professionals across your organization can then apply the power of Palisade technology to their critical processes – without worrying about the calculations in the background, and without having to learn new software.
Custom Applications in Excel
Palisade Custom Development has written applications for cost estimation, asset management, retirement planning, oil and gas prospecting, and more – all utilizing @RISK and other DecisionTools technology in Excel. In each case, the interface is customized to include only what the users need, hiding unused @RISK functionality and preventing user access to the underlying model logic. We can also automate processes like reporting, generating only the charts and data desired. The result is a perfectly tailored application ready to roll out to your workgroup. And because the application is in Excel, the training required for users is minimal. We can create applications for you using a range of powerful analytics, including Monte Carlo simulation, decision trees, statistics, neural networks, and optimization.
Custom Applications Outside Excel
Palisade also provides the ability to use powerful @RISK and DecisionTools product features in applications outside of the spreadsheet environment, including web deployment, using Palisade runtime libraries. Our technical team can harness a variety of DecisionTools technologies for use in your own custom solution, including Monte Carlo simulation from @RISK, graphs and reports, probability distribution fitting, optimization from RISKOptimizer and Evolver, and much more.
Non-Excel-based applications can run in a desktop, network server, or web environment. In addition, programs can run simulations, perform functions, and generate results entirely in a custom interface, or a Palisade interface can be used to display graphs and reports.
Web solutions can allow users to access their application from any browser, anywhere in the world. The @RISK Monte Carlo simulation functionality supports multithreading, allowing the development of scalable web applications. For instance, a brokerage firm may deploy a financial planning tool over the web, enabling analysts in remote offices to enter model parameters, run analyses, and view results. Model structure, logic, and libraries are all stored on a web server, ensuring consistency for all end-users and removing local installation and support issues.
Bigger Models, Faster
In addition to more flexible deployment, there may be speed advantages to considering an application outside the spreadsheet environment. Very large Monte Carlo simulation or optimization models may run faster in a dedicated application because they do not require the additional routines executed during spreadsheet recalculation.
Unlike an Excel-based solution, users of a library-based solution do not need to have a full license of @RISK or other relevant DecisionTools software installed to run their application. Instead, the required software libraries are licensed, so end-users don’t need to have Excel installed on their computers. The licensing of the Palisade software libraries is handled on an annual basis, ensuring ongoing support and the latest patches and enhancements for users.
Contact Us for Any Analytical Need
Palisade Custom Development has written risk and decision analytics for clients separately from our existing software technologies. We can customize any analytical solution to meet your needs.
Call today and we can start helping you spec out a risk analysis solution designed for your needs.
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+1 607 277 8000 x318
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