No more Excel & Co. for the Monte Carlo simulation
Imagine your company is about to make a landmark investment decision and your assessment of the current overall risk position is needed. If you carry out these calculations manually, you have many long working days ahead of you, because:
Calculating the necessary Monte Carlo simulation using Excel & Co. is very time-consuming. There is also always the chance that the calculated value at risk is no longer up-to-date at the time of your presentation, because: A calculation in real time is not possible due to the high effort involved in manual calculation. Added to this is the high susceptibility to errors. Monte Carlo simulation is a complex calculation method with countless variables and possible interpretations that can greatly distort the result and negatively affect your corporate planning.
Our recommendation is therefore: If you want precise results, you should only calculate your value at risk with software support.
Overall risk assessment with just a few clicks
With antares RiMIS® you get a customizable risk management software solution that opens the door to the world of automated Monte Carlo simulation.
Instead of spending hours on a regular basis to:
- Collect data
- Identify and assess risks
- model random variables
- Create simulations
- Mapping best expected worst cases
- Calculate probabilities of occurrence
- Aggregate and analyze results
- and much more.
practical software now takes care of these steps for you. You can look forward to an intuitive system that allows you to precisely assess your company's overall risk in real time - and also offers comprehensive risk management.
The easy way to start your risk management with antares RiMIS®
- Step 1: Create your master data
- Step 2: Create your risk portfolio
- Step 3: antares RiMIS® guides you through the process
Monte Carlo simulation at the touch of a button - your path to customized risk management software
Step 1: Free consultation and quote
In a free introductory meeting, we will be happy to show you how antares RiMIS® can support you with your daily challenges. We will also be happy to take a look at your individual situation and share initial suggestions for possible functional adaptations.
Step 2: Workshop & customizing
This is where we create the basis for technical development. In a joint workshop, we develop a detailed plan to adapt antares RiMIS® to your individual requirements.
Step 3: Technical implementation
During the technical implementation, our software developers prepare everything for implementation in your company, i.e. we adapt the existing functions to your needs as agreed with you in the workshop and add further features to the solution if necessary. This process takes approx. 3 - 4 weeks.
Step 4: Implementation in your company
Once customizing is complete, we implement the solution in your company. Comprehensive training as well as regular maintenance and further development of the software is of course included in the price.
Monte Carlo simulation with antares RiMIS® - that's what you get:
- Make the right decisions: Get an accurate assessment of your company's overall risk, which you can use for detailed business planning.
- Plan for the long term and flexibly: Optimize your corporate strategy based on your current overall risk position.
- Save many hours per week: Significantly reduce the time spent on risk analyses and planning scenarios thanks to automated calculations.
- Improve your company's annual results: Increase your company's performance through targeted risk mitigation measures.
- Protect your company from unforeseen costs: Avoid potential financial losses by proactively assessing the impact of your risks - and initiating appropriate preventive measures at an early stage.
- Create transparency: antares RiMIS® makes all processes and calculation steps traceable.
- Benefit from an easy-to-use software solution: thanks to the intuitive user interface, you will quickly find your way around antares RiMIS®.
- Shine with precise figures in your risk management: Present colleagues, superiors and investors with up-to-date, precise and tangible figures from your risk portfolio at all times.
antares at a glance:
- Leading software provider in the field of risk management
- 30-strong team consisting of IT and technical experts
- Own in-house development team
- Over 30 years of experience in the development of information systems
- 3,000+ projects successfully completed
- 45,000+ active users work with antares information systems every day
But isn't a Monte Carlo simulation too complex and time-consuming for our company?
We understand your concerns. But our experience from over 3,000 successfully completed projects shows: Monte Carlo simulation gives you the best results when it comes to risk aggregation.
However, you do not have to go there alone. Instead, antares RiMIS® guides you through the process step by step. This gives you your value at risk at any time at the touch of a button and in real time, without having to invest hours in research, data collection, calculation and documentation.
Monte Carlo simulation with antares RiMIS®: Better decisions faster
Are you looking for a meaningful overall risk assessment with reliable values for your corporate planning? Then the Monte Carlo simulation of antares RiMIS® is the right solution for you.
In a free consultation, we will be happy to demonstrate in detail how much time you can save in your day-to-day risk management with antares RiMIS®. Arrange your free appointment here:
FAQs - frequently asked questions about Monte Carlo simulation with antares RiMIS®
By definition, a Monte Carlo simulation is a method that uses random numbers to run through many different scenarios in order to determine the probability of different outcomes. It is used in risk management to better understand the possible effects of risks, to determine the overall risk for the company and to make well-founded decisions on this basis.
How high the costs will be in your case depends on various factors, such as
- Selected configuration
- Degree of individualization
- Number of users
- etc.
We will be happy to take a look at your individual requirements in a free consultation and can give you a rough cost estimate on this basis.
In most cases, the implementation of antares RiMIS® is also possible at short notice. We only need a lead time of 3 - 4 weeks for customizing
Monte Carlo software automates complex calculations, reduces errors and saves time.
In risk management, it enables a more precise assessment of overall risks and improves decision-making through accurate forecasts. This enables companies to plan more reliably and efficiently.
antares RiMIS® combines the advantages of standard software with the benefits of customized software, i.e:
We can customize the solution 100% to your needs and are still able to implement the Monte Carlo simulation tool in your company within a few weeks.
We can provide our Monte Carlo simulation software both online via the cloud and on-premise as required.
Yes, antares RiMIS® comes with everything you need for professional risk management in its complete configuration.