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ModelRisk
Ghent, Belgium
What it is
ModelRisk is a Monte Carlo simulation add-in for Microsoft Excel that helps model uncertainty in spreadsheet inputs and generate scenarios. It includes 136 probability distributions, 34 time series models, and 14 copulas for linking uncertain inputs. Users can fit distributions, time series, and copulas to spreadsheet data using maximum likelihood estimation, then rank candidates with SIC, HQIC, and AIC. The Results Viewer presents nine chart types and statistics tables, supports side-by-side run comparisons, and exports results to Excel, Word, PowerPoint, or PDF. ModelRisk also lists converters for @RISK and Crystal Ball models, a Pelican integration, and compatibility with Excel auditing tools, Excel Tables, and Power Query. Its SWAP tool converts functions into fixed, annotated values for plain Excel, and a free viewer opens .vmrs results files. It requires Windows 10 or 11 and specified Microsoft Excel versions. Vose Software offers a 15-day trial. Desktop costs €1,550 a year; Network costs €4,750 a year.
For and against
For
- Includes 136 probability distributions, 34 time series models, and 14 copulas.
- Fits candidate models and ranks them with SIC, HQIC, and AIC.
- Exports results to Excel, Word, PowerPoint, or PDF.
- Offers a free 15-day trial.
Against
- Runs on Windows, not Mac OS natively.
- Requires Windows 10 or 11 and a supported Excel version.
- Desktop costs €1,550 a year.
- Network costs €4,750 a year.
The verdict
ModelRisk brings uncertainty analysis and scenario generation into Excel, with extensive distribution, time-series, and results tools. Check the operating requirements and annual license costs before choosing it.
Who it suits
It suits analysts and teams using Excel for scenario analysis in business, science, engineering, or government. Its Windows and Excel requirements make it unsuitable for users seeking native Mac support.
Plans and prices
ModelRisk Desktop
One computer · Windows PC
Read 7 Oct 2026 · vosesoftware.com
ModelRisk Network
Concurrent seats · classic network or cloud-based network license
Read 7 Oct 2026 · vosesoftware.com
On the record
- Data fitting
- ModelRisk fits distributions, time series, and copulas to spreadsheet data using maximum likelihood estimation and ranks candidates with SIC, HQIC, and AIC.vosesoftware.com · read 7 Oct 2026
- Distributions
- The features page says ModelRisk includes 136 probability distributions, including expert-estimate tools and a tool for drawing custom distributions.vosesoftware.com · read 7 Oct 2026
- Integrations
- The product page lists converters for @RISK and Crystal Ball models, a Pelican integration, and compatibility with Excel auditing tools, Excel Tables, and Power Query.vosesoftware.com · read 7 Oct 2026
- Mac limit
- The pricing page says ModelRisk does not run on Mac OS but can be run on a Mac using Boot Camp.vosesoftware.com · read 7 Oct 2026
- Network licensing
- Network licenses can use a classic shared network folder without internet access or a cloud-based license endpoint that requires internet access.vosesoftware.com · read 7 Oct 2026
- Operating requirements
- The maker lists Windows 10 or Windows 11 and Microsoft Excel 2013, 2016, 2019, or Office 365 in 32-bit or 64-bit as ModelRisk requirements.vosesoftware.com · read 7 Oct 2026
- Purpose
- ModelRisk is a Monte Carlo simulation add-in for Microsoft Excel that models uncertainty in spreadsheet inputs and generates scenarios.vosesoftware.com · read 7 Oct 2026
- Results
- The Results Viewer provides nine chart types and statistics tables, supports side-by-side run comparisons, and exports to Excel, Word, PowerPoint, or PDF.vosesoftware.com · read 7 Oct 2026
- Security
- Vose Software states that it achieved SOC 2 Type I, SOC 2 Type II, and ISO/IEC 27001:2022 compliance, and says reports are available upon request under NDA.vosesoftware.com · read 7 Oct 2026
- Sharing
- ModelRisk includes a SWAP tool that turns its functions into fixed, annotated values for use in plain Excel, and a free viewer for .vmrs results files.vosesoftware.com · read 7 Oct 2026
- Simulation
- The maker reports a median simulation-phase speed-up of roughly 200× across 89 internal test models for its Turbo engine compared with its classic engine.vosesoftware.com · read 7 Oct 2026
- Support and guidance
- The maker lists an integrated help file with more than 1,000 topics, tutorials, example models, and technical support.vosesoftware.com · read 7 Oct 2026
- Time series and correlation
- The features page lists 34 time series models and 14 copulas for linking uncertain inputs.vosesoftware.com · read 7 Oct 2026
- Trial
- Vose Software offers a free 15-day trial, and the trial registration page says submitted data is never shared with a third party.vosesoftware.com · read 7 Oct 2026
- Use cases
- The maker describes use in business, science, engineering, and government, with examples including cost estimation, epidemiology, portfolio risk, capital investment, and insurance modelling.vosesoftware.com · read 7 Oct 2026
