RISKTURN is a cloud-based accounting tool for businesses of all sizes and industries. It offers budgeting and forecasting features that integrate financial and time variables in cash-flow planning.
Various versions of each project can be created in order to test different financial and time-based variables. Users can define timelines for project phases, set probability and impact values for possible risks and run Monte-Carlo simulations. Project owners can also authorize other users to collaborate on projects as needed.
RISKTURN’s built-in cash flow template helps users record costs and revenue. Users can mark cash flow items as fixed or variable, select depreciation and amortization plans, composite items by quantity and unit price and import or export data from Microsoft Excel. Financial data and cash flow projections can be displayed in graphics and charts.
Support services can be purchased separately if needed. Perpetual licensing and monthly subscription pricing is available.
tancrede from Wells Fargo
Employees number: 10,000+ employees
In the past you had a range of parameters, and one was able to evaluate how different parameters evolved, but were not able to put them together. Now with RiskTurn, you can actually sum up all your risks and see how one element moving will impact the other variables and how it will impact your overall success rate with each project. And you can compare them too.
I work with many clients who are looking to secure their accounts global accounts receivables at the best possible cost. This is a great tool to help them with modelling their various scenarios (country risk, political risk, bank risk, client risk, commodity risk) to ensure they can secure their cash in without risking to loose too many clients due to extreme credit protection measures. The software is very user friendly but also allows sophisticated scenarios. A great decision making tool.
It could have been useful to have some more precise demos/ examples of how others have used it in online help.
Charles from 500 Spirits International
I am the founder and CEO of a start up facing changes in business plan and assumptions as market and products evolve. Riskturn was very useful to make my business plan, evaluate our risks and convince my shareholders on their risk exposure and potential ROI
Easy to use, Excel interface, adapted to various business situation
Some mandatory fields could be more self explanatory
Guillaume from SCE
Employees number: 201-500 employees
We've just experienced Riskturn on some investment projects in real estate.
We appreciate the design of the service and the quality of provided information.
This really innovative product brings us a lot compared to solutions available till now.
Aude from PETIT FAUNE (retail)
Employees number: 2-10 employees
The software is very user friendly : easy to understand and to use. The results come out immediately with graphics which are very intuitive. It becomes a game to build a business plan with this tool.
Very intuitive. Easy to use.
Ruggero from University of Bergamo
Employees number: 501-1,000 employees
I have tried the software with the idea of using it in university project management courses. With just a few clicks, the software allows to simulate the effect of risks on project cash flows and the resulting financial indicators. I appreciated the user friendliness of the software that - with a little training - should allow project managers to analyze risks in their projects, which usually requires deep technical expertise. Compared to other software, Riskturn integrates risks related to time: for instance, an activity can last more or less than expected and this can lead to increased costs or delays in revenues. For the more sophisticated users there are also special features to consider the specific cost/revenue profiles, the amortization and to mathematically model the risks. Congratulations to the developers who brought risk analysis to a new level of accessibility.
User friendly, considers time-related risks
Stefano from Novodoor srl
Employees number: 51-200 employees
I'm not an expert of this kind of tool but this is very simple and clear. Until now we use Excel for this analysis and the quality of the rsult is not the same.
The speed of use, you don,t need to be an expert
Probably it would be nice if will be possible integrate the tool with our other software (eg. for input/output of some specific data)
Tania from Riboni RBN srl
Employees number: 51-200 employees
We use the free trial version to estimate our business (logistic and travel company) and we are looking to buy enterprise version. With this toll we can select the best opportunity to match our business target.
ease of use and clarity of results
it would take a specific version for our business