MC FLO is described as 'add-in which make it easier to take decisions using the Monte-Carlo simulation approach. Easy to use, rapid model development and maximum transparency is assured'. There are seven alternatives to MC FLO for Windows, Microsoft Office Excel and Online / Web-based. The best alternative is SAFE TOOLBOXES. It's not free, so if you're looking for a free alternative, you could try SimulAr. Other great apps like MC FLO are Oracle Crystal Ball (Paid), RiskAMP (Paid), @RISK (Paid) and Risk Solver (Paid).
Oracle Crystal Ball is the leading spreadsheet-based application suite for predictive modeling, forecasting, simulation, and optimization. It gives you unparalleled insight into the critical factors affecting risk.
SimulAr is a Monte Carlo simulation software designed to analyze and evaluate business situations and taking decisions under a risk context. Risk analysis is a technique used to help decision-makers to evaluate a problem under uncertainty conditions.
Risk Solver provides Instant, interactive risk analysis in Excel, with lightning-fast simulations run each time you change a number. Charts update instantly, showing a new distribution of outcomes for each change - and new insights for you.