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ModelRisk
What ModelRisk is
ModelRisk is a Monte Carlo simulation add-in for Microsoft Excel that models uncertainty in spreadsheet inputs and generates scenarios. It includes 136 probability distributions, 34 time series models, and 14 copulas for linking uncertain inputs. It 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 provides nine chart types, statistics tables, comparisons between runs, and exports to Excel, Word, PowerPoint, or PDF. Other listed capabilities include converters for @RISK and Crystal Ball models, a Pelican integration, and compatibility with Excel auditing tools, Excel Tables, and Power Query. Its SWAP tool turns ModelRisk functions into fixed, annotated values for plain Excel, and a free viewer opens .vmrs results files. ModelRisk requires Windows 10 or 11 and specified Microsoft Excel versions. Desktop costs €1,550 a year; Network costs €4,750 a year. A free 15-day trial is offered.
Who it suits
ModelRisk suits people building uncertainty and scenario models in Excel across business, science, engineering, or government. It requires Windows 10 or 11 and a listed Microsoft Excel version.
What it does well
- Includes 136 probability distributions.
- Provides 34 time series models and 14 copulas.
- Results Viewer compares runs and exports reports.
- Includes a free 15-day trial.
- Offers a free viewer for .vmrs files.
What to know first
- Windows platform only; it does not run on Mac OS.
- Desktop plan costs €1,550 a year.
- Network plan costs €4,750 a year.
- Requires a specified Microsoft Excel version.
Limits
The free trial lasts 15 days. The listed Desktop license covers one computer, while Network licensing is based on concurrent seats.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| ModelRisk Desktop | € 1550 base annual fee per single-computer license; volume discounts apply · One computer · Windows PC | €1,550 a year |
| ModelRisk Network | € 4750 base annual fee per concurrent seat; volume discounts apply · Concurrent seats · classic network or cloud-based network license | €4,750 a year |
As vosesoftware.com lists them, read 7 Oct 2026. The maker's own page has the final word.
Getting started
- Check that you have Windows 10 or Windows 11 and Microsoft Excel 2013, 2016, 2019, or Office 365.
- Register for Vose Software’s free 15-day trial, or choose a Desktop or Network license.
- For a Desktop license, use one Windows PC; for Network, select concurrent seats and a classic network or cloud-based license.
- Use the integrated help file, tutorials, and example models for guidance.
Verdict
ModelRisk combines uncertainty modeling with fitting, comparison, and export tools in Excel. Check its Windows and Excel requirements and annual license costs before choosing between Desktop and Network.
Questions
How much does ModelRisk cost?
The Desktop plan costs €1,550 a year. The Network plan costs €4,750 a year; volume discounts apply to both.
Is there a free plan or trial?
Vose Software offers a free 15-day trial. No free ongoing plan is listed.
Which platforms does ModelRisk support?
ModelRisk requires Windows 10 or Windows 11 and Microsoft Excel 2013, 2016, 2019, or Office 365, in 32-bit or 64-bit. It does not run on Mac OS, though it can be run on a Mac using Boot Camp.
Does ModelRisk support network licensing?
Yes. Network licenses can use a shared network folder without internet access or a cloud-based license endpoint that requires internet access.
Can ModelRisk open @RISK or Crystal Ball models?
The product page lists converters for @RISK and Crystal Ball models.
Who makes ModelRisk?
ModelRisk is made by Vose Software, founded in 2008 and headquartered in Ghent, Belgium.
Facts from ModelRisk's own pages
- 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, 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, 7 Oct 2026
- Founded
- 2008 · vosesoftware.com, 28 Sept 2026
- Headquarters
- Ghent, Belgium · vosesoftware.com, 28 Sept 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 7 Oct 2026
- Time series and correlation
- The features page lists 34 time series models and 14 copulas for linking uncertain inputs. · vosesoftware.com, 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, 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, 7 Oct 2026
Where ModelRisk stands on Freedom251
- Financial Modeling Software#6 of 33