A popular software for risk analysis using Monte Carlo simulation in Microsoft Excel.
Contact for pricing
Best ModelRisk Alternatives ranked by AI · updated May 2025
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ModelRisk is a software for risk analysis and Monte Carlo simulation in Excel, offering advanced modeling capabilities.
Price: Contact for pricing
🎯 modelrisk.com
Top 6 ModelRisk alternatives
Oracle's Monte Carlo simulation software for predictive modeling and risk analysis within Excel.
Pros
- Seamless Excel integration
- Powerful predictive modeling capabilities
Cons
- Higher pricing compared to some competitors
- Resource-intensive for large models
Contact for pricing
A visual modeling software for decision analysis, forecasting, and risk analysis with advanced optimization features.
Pros
- Visual modeling interface
- Advanced optimization capabilities
Cons
- Less familiar interface for Excel users
- Requires additional training for full utilization
Contact for pricing
RiskAMP is a software tool for risk analysis and decision-making that helps in evaluating uncertainty in financial models.
Starting at $149 per user per year
SIMUL8 is a powerful simulation software that helps users visualize and analyze complex systems and processes.
Contact for pricing
DecisionTools Suite is a collection of Excel add-ins for Monte Carlo simulation, decision trees, optimization, statistical analysis, and risk modeling. It is...
Pros
- Combines simulation, decision trees, optimization, and statistical tools in one Excel-focused suite
- Supports established risk-analysis workflows and reporting
- Useful for organizations that already rely on Microsoft Excel models
Cons
- Commercial pricing is less transparent than many standalone alternatives
- Requires Microsoft Excel and is less suitable for non-spreadsheet workflows
- Broader feature coverage can make the suite harder to learn than focused tools
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