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Vanguard Business Analytics Suite Review

Vanguard Business Analytics Suite
Our score: 8.2 User satisfaction: N/A%

What is Vanguard Business Analytics Suite?

Vanguard Business Analytics Suite is a collection of advanced business analytics solutions, tools, and add-ons which provides companies, modelers, and other business professionals a competitive advantage in the market when it comes to building, modeling, simulating, visualizing, and analyzing business strategies and plans. The business analytics suite has been helping pharmaceutical supply chains, manufacturing resource planners, spare parts and maintenance and operations teams, retail planners, consumer package goods forecasters, and food and beverage companies leverage their most important data; utilize powerful predictive analytics, visual modeling, and simulation tools; and come up with better decisions.

With Vanguard Business Analytics  Suite, users will be able to automatically apply the best forecast methods and parameters that will enable them to spot trends and patterns in historical sales or performance data. The suite utilizes a widely used method in business analysis and planning which is called decision tree analysis. This method allows users to identify the best course of actions by assessing and comparing  risks, rewards and values, and probabilities. Vanguard Business Analytics Suite also lets them create Monte Carlo simulation models in various ways so they can calculate the probability of possible outcomes of each decision and course of action and deal with business uncertainty.

Vanguard Business Analytics Suite offers an optimization add-on  that permits users to apply business constraints to their sophisticated problems, allowing them to immediately determine the best inputs that can lead to higher profits and effectively allocate resources in consideration of their available budget. Moreover, they can transform the models they built within Vanguard Business Suite into interactive web applications through the aid of its web development add-on. Vanguard Business Analytics Suite comes with forecast wizards that guide users in preparing and running forecasts and generating outcome or output reports. Last but not least, the suite offers visual modeling capabilities such as the ability to use a hierarchical-tree interface to divide complex problems into component problems, automatically create visualizations that match user-defined formulas, and outline and present models in such a way that others can better interact with them and understand how they function.

Overview of Vanguard Business Analytics Suite Benefits

Predict Outcomes And Identify The Best Course Of Actions Through Forecasting

Vanguard Business  Analytics Suite is an excellent business forecasting solution because it simplifies how users apply predictive analysis to their data. The suite enables them to easily import historical data to its system, and it helps them identify trends and patterns within the data. Having a deeper understanding of possible outcomes and consequences based on such trends and patterns, they will be able to determine the best possible course of actions and create effective business plans and strategies to solve issues and problems.

Multiple Ways To Prepare And Run Forecasts

In Vanguard Business Analytics Suite, forecasts can be executed in various ways: automatic, semi-automatic, and manual. In the automatic approach, the solution automatically chooses the best forecast method and parameters. If users want to manually select a forecast method they prefer and have the solution automatically select the best or optimal parameters that are specific to the forecast method they selected, that is made possible through the semi-automatic approach. Meanwhile, the manual approach of running forecasts gives them the freedom to select the forecast method and parameters on their own.

Decision Tree Analysis And Divide And Conquer Approach

The suite of business analytics solution uses a familiar tool and method for modeling and analyzing business decisions and their possible outcomes and consequences which is known as decision tree analysis. Decision tree analysis permits users to divide a complex problem into finer and simpler components and elements. The logic behind this is that a general problem can only be accurately and properly addressed and resolved if its component problems are also identified and resolved, an approach which is called divide and conquer.

Determine And Balance Risks And Rewards For Each Decision And Action

As users perform decision tree analysis, they will be able to illustrate an elegant hierarchical structure and framework that shows all possible options associated with the decisions they are making, the consequences and probabilities they are exploring, and the values of outcomes they are discovering. They can also identify the risks and rewards related to each course of action, and learn to balance them so they can determine which course of action will yield the best results and outcomes.

Deal With Business Uncertainty Using Monte Carlo Simulation Models

Aside from implementing decision tree analysis, Vanguard Business Suite uses an advanced and powerful technique called Monte Carlo simulation. This is a computerized mathematical technique used for creating models of possible outcomes and results of business decisions and actions, and understanding the impact of risk and uncertainty in forecast models. The Monte Carlo simulation technique generates distributions of possible outcome values, calculating outcomes and results using different sets of random values.

Lightning-Fast And High-Capacity Monte Carlo Simulation Modeling

With Vanguard Business Analytics Suite, building Monte Carlo simulation models is a breeze. This is because it has tools and a computing power which make it easy for users to create Monte Carlo simulation models and run them faster than how they usually do it using Excel. They can even link different spreadsheet models together which are created by different contributors and people, and build a high-performance enterprise Monte Carlo simulation model; a modeling capacity which is unique to Vanguard Business Analytics Suite.

Address Resource Allocation Problems Through Optimization Add-On

Vanguard Business Analytics Suite offers an optimization add-on designed to solve the problems and issues related to resource allocation. With this add-on, users can apply business constraints to their problems and models such as budget constraints, no matter how complicated such problems and models are. The add-on can help them instantly identify the right t inputs that will deliver the best outcomes and results. For example, given their limited raw materials and resources, they can determine the right combination or mixture of products that will enable them to maximize their profits.

Automated Intelligence

The business analytics tool delivers automation features that streamline the process of extracting intelligence from data, preparing and reporting forecasts, and running forecasts for thousands of items at a time. Its automated intelligence capabilities combine software automation and advanced analytics. As a result, users can reduce the impact of inconsistent data or extreme events, take into account the changes in underlying business conditions, and explore the cycles in their business and patterns that are occurring periodically or seasonally. Interestingly, all of these are done automatically, letting users continuously gain insights into their data without worrying about complex calculations.

Forecast Wizards

Another automation feature offered by Vanguard Business Analytics Suite is its forecast wizard. The suite has two types of forecast wizards, namely Forecast Wizard and Batch Forecast Wizard. The Forecast Wizard automates the process of importing business data and creating forecasts based on such data. It guides users to automatically choose the best forecast method and parameters. In addition, it can also assist them in generating forecast reports immediately. On the other hand, the Batch Forecast Wizard is built to create forecasts for  large data sets and thousands of items one at a time. This wizard ensures that users are able to produce and run forecasts quickly and accurately.

Visual Modeling Capabilities

Vanguard Business Analytics also has stunning visual modeling features, and one of them is the ability to construct visual representations like diagrams based on formulas and logical rules applied to models. Another feature is that it enables users to generate outlines of whatever models they produced within the solution. Because of this, their colleagues and stakeholders will be able to understand the components of their models much better. In addition, its intuitive decision tree structure and interface is also ideal for illustrating analyses wherein the root node represents the best solution for a problem and the branches connected to it show detailed information and processes that explain why users come up with that solution.

Overview of Vanguard Business Analytics Suite Features

  • Forecasting
  • Expose Trends and Patterns in Historical Data
  • Automatic Selection of Optimal Forecast Methods and Parameters
  • Semi-Automatic and Manual Approaches for Running Forecasts
  • Decision Tree Analysis
  • Divide and Conquer Approach
  • Understand and Communicate Risks
  • Balance Risks and Rewards to Determine Best Outcomes
  • Monte Carlo Simulation
  • Lightning Fast Monte Carlo Simulation Modeling
  • Grid Computing
  • Model Capacity
  • Optimization
  • Subject Complex Problems to Business Constraints
  • Effective Resource Allocation
  • Transform Models into Interactive Web Applications
  • Automation
  • Automated Intelligence
  • Forecast Wizards
  • Visual Modeling
  • User-Defined Formulas
  • Intuitive Illustration of Analyses

Vanguard Business Analytics Suite Position In Our Categories

Bearing in mind businesses have distinct business-related wants, it is only practical that they avoid preferring a one-size-fits-all, ideal business program. Be that as it may, it is nearly futile to come across such application even among widely used software products.
The right thing to do is to shortlist the different major aspects which merit scrutiny like major features, costing, technical skill ability of staff, business size, etc. Thereafter, you must do your product research fully. Go over these Vanguard Business Analytics Suite review articles and explore the other software systems in your list more closely. Such well-rounded research guarantees you drop poorly fit apps and buy the one that includes all the function you require company requires.

Position of Vanguard Business Analytics Suite in our main categories:

TOP 50

Vanguard Business Analytics Suite is one of the top 50 Predictive Analysis Software products

If you are considering Vanguard Business Analytics Suite it could also be a good idea to examine other subcategories of Predictive Analysis Software collected in our base of SaaS software reviews.

It's crucial to realize that almost no software in the Predictive Analysis Software category is a perfect solution that can fulfill all the goals of different business types, sizes and industries. It may be a good idea to read a few Vanguard Business Analytics Suite Predictive Analysis Software reviews first as certain solutions may dominate just in a really small group of applications or be prepared with a really specific industry in mind. Others can operate with an intention of being easy and intuitive and consequently lack complex elements needed by more experienced users. There are also apps that support a broad group of users and offer a powerful feature base, however that in most cases comes at a more expensive cost of such a solution. Ensure you're aware of your needs so that you purchase a solution that provides all the functionalities you look for.

How Much Does Vanguard Business Analytics Suite Cost?

Vanguard Business Analytics Suite Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Vanguard Business Analytics Suite’s SMB and enterprise pricing plan information is available only upon request. Please keep in touch with the company’s sale team, and get your quote.

User Satisfaction

Positive Social Media Mentions 0
Negative Social Media Mentions 0

We realize that when you make a decision to buy Predictive Analysis Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Vanguard Business Analytics Suite reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Vanguard Business Analytics Suite. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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Technical details

Devices Supported

  • Windows
  • Mac

Deployment

  • Cloud Hosted
  • Open API

Language Support

  • English
  • Chinese
  • German
  • Hindi
  • Japanese
  • Spanish
  • French
  • Russian
  • Italian
  • Dutch
  • Portugese
  • Polish
  • Turkish
  • Swedish

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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What are Vanguard Business Analytics Suite pricing details?

Vanguard Business Analytics Suite Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Vanguard Business Analytics Suite’s SMB and enterprise pricing plan information is available only upon request. Please keep in touch with the company’s sale team, and get your quote.

What integrations are available for Vanguard Business Analytics Suite?

Vanguard Business Analytics Suite integrates with multiple data sources such as government data sets, weather forecasts,  Dun & Bradstreet, and more. It also supports integration with  SAP, Oracle, Netsuite, Epicor, Microsoft Excel, and Microsoft Dynamics AX; as well as with supply chain and inventory systems, in-house developed systems, data warehouses, and databases.

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Reviewed By Louie Andre
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