ITHACA, New York, May 14, 2013 /PRNewswire/ -- Risk and decision analysis software provider Palisade Corporation today announced the immediate availability of its version 6 DecisionTools® Suite package for Microsoft Excel in Spanish. The software has also been translated into Portuguese and other languages. Version 6 is a major upgrade that brings a wide range of improvements, including integration with Microsoft Project for analysis of project schedules, as well as compatibility with Excel 2013, Project 2013, and Windows 8. These developments are important for companies looking to standardize their risk analysis efforts across the organization. The DecisionTools Suite includes the market-leading risk analysis tool, @RISK.
"With Project integration, companies can now use the same tool to analyze risk in project schedules and cost estimates that they use for financial, operational, and other types of risk," noted Palisade Vice President Randy Heffernan. "We have also translated the full Suite of tools for our Latin American clients, and updated them to work seamlessly with the latest releases from Microsoft. All this is important to our customers in the region who see these features as critical to their ongoing adoption of corporate risk analysis standards."
Those customers include multinationals in the oil and gas, mining, utilities, manufacturing, and banking industries throughout Latin America who face uncertainty every day. Cost estimation, budgeting, cash flow forecasting, operational risk assessments, new product development, exploration -- decisions in each of these areas carry an associated level of risk. Where to invest? What product to produce in what quantity? What price to charge?
Palisade's DecisionTools Suite is an integrated set of quantitative tools that help organizations examine these risks, calculate their impact, and develop mitigation strategies. Palisade software brings techniques like Monte Carlo simulation directly to Microsoft Excel, so that these powerful analyses can be brought to virtually any type of model.
Other important enhancements to the DecisionTools Suite include time-series simulation modeling for the analysis of uncertain time-series processes, such as commodity prices; improved graphs that make interpretation of risk analysis results easier to explain to others; and new tutorials and examples that enable new users to be productive in much less time than before.
On the importance of graphs and reports in the new DecisionTools Suite, Technology Manager Ignacio Quijas of metals refiner Met-Mex Penoles says, "The ability to communicate aspects of the simulation is very important."
For more information on The DecisionTools Suite 6 and to download a free trial, please visit: www.palisade-lta.com/decisiontools_suite
Palisade Corporation is a software developer and solution provider that produces decision support tools for professionals in many industry sectors. The company was founded in 1984, and at present more than 150,000 people use Palisade's software in fields that range from finance to oil and mineral exploration, real estate to heavy manufacturing and pharmaceuticals to aerospace. Its software is used by more than 90 percent of Fortune Global 500 companies. Sample clients include Royal Dutch Shell, Petrobras, Procter & Gamble, PEMEX, China Minmetals, Mitsubishi, Merck, Unilever, Allianz, Total, Raytheon and BHP Billiton, as well as top business schools around the world.
For more information or a complimentary review copy, please contact:
Shweta Agarwal/David Sprague
SOURCE Palisade Corporation