Recommendations to others considering Crystal Ball:
The software is very user friendly. I think it is mandatory for Finance graduates to have a great deal of idea about simulation and scenario analysis and Crystal Ball can easily be used to perform those tasks. It helps in interpreting financial models in more confidence manner. Review collected by and hosted on G2.com.
What problems is Crystal Ball solving and how is that benefiting you?
Mainly business cases. When building a financial model, so many assumptions are made. In real world, those assumptions do not match the expectations in precise manner. So, we have to have a range within which the value will fall based upon the volatility of our assumptions and thus, we can provide recommendations to approach the business problem. Crystal Ball helps in determining the range through simulating thousands of scenario simulations. As a result, we can easily interpret the result to the audiences. Another time I used crystal Ball 5 months ago in evaluating a start up model. The plan was to provide our confidence, and range within which the angel investors will get value investing in the start up. Crystal Ball proved to be very efficient in convincing them. People trust statements backed by numbers. Review collected by and hosted on G2.com.