Altair Monarch vs. BizNet Software

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Altair Monarch
Score 8.0 out of 10
N/A
Altair Monarch (formerly Datawatch Monarch, acquired by Altair in December, 2018) works with both relational and multi-structured data including support for a wide range of formats including PDF, XML, HTML, text, spool and ASCII files. The product can access data from invoices, sales reports, balance sheets, customer lists, inventory, logs and more. According to the vendor, the system is easy to use, allowing users to quickly select any data source and automatically convert it into…N/A
BizNet Software
Score 10.0 out of 10
Small Businesses (1-50 employees)
BizNet Excel Suite is a document management software offering from BizNet Software. It includes features such as a business reporting and analytics platform and provides real-time access to your business data from Microsoft Excel.
$30
per user, per month
Pricing
Altair MonarchBizNet Software
Editions & Modules
No answers on this topic
BizInsight 7 (Stand-alone)
$30
per user, per month
BizInsight 7 (Stand-alone)
$30
per user, per month
BizBroadcast
$65
per user, per month
BizBroadcast
$65
per user, per month
Offerings
Pricing Offerings
Altair MonarchBizNet Software
Free Trial
YesYes
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptional$4,500 per install plus starter pack licenses
Additional DetailsBizNet Training - Standard Package (3 Seats) $795.00 Yearly BizNet Training - Premium Package (3 Seats) $995.00 Yearly BizNet Training - Premium Plus Package (3 Seats) $1,295.00 Yearly Education Block $695.00 Installation Training $225.00
More Pricing Information
Features
Altair MonarchBizNet Software
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Altair Monarch
-
Ratings
BizNet Software
8.2
5 Ratings
1% above category average
Customizable dashboards00 Ratings8.22 Ratings
Report Formatting Templates00 Ratings8.35 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Altair Monarch
-
Ratings
BizNet Software
7.6
5 Ratings
6% below category average
Drill-down analysis00 Ratings6.55 Ratings
Formatting capabilities00 Ratings8.55 Ratings
Report sharing and collaboration00 Ratings7.85 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Altair Monarch
-
Ratings
BizNet Software
8.9
5 Ratings
7% above category average
Publish to Web00 Ratings10.01 Ratings
Publish to PDF00 Ratings8.25 Ratings
Report Versioning00 Ratings9.13 Ratings
Report Delivery Scheduling00 Ratings8.44 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Altair Monarch
-
Ratings
BizNet Software
7.3
2 Ratings
10% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings7.31 Ratings
Predictive Analytics00 Ratings7.32 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Altair Monarch
-
Ratings
BizNet Software
8.9
4 Ratings
4% above category average
Multi-User Support (named login)00 Ratings8.44 Ratings
Role-Based Security Model00 Ratings9.11 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.13 Ratings
Best Alternatives
Altair MonarchBizNet Software
Small Businesses
IBM SPSS Modeler
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Score 7.8 out of 10
BrightGauge
BrightGauge
Score 9.0 out of 10
Medium-sized Companies
IBM InfoSphere Information Server
IBM InfoSphere Information Server
Score 8.1 out of 10
Reveal
Reveal
Score 9.9 out of 10
Enterprises
IBM InfoSphere Information Server
IBM InfoSphere Information Server
Score 8.1 out of 10
Jaspersoft Community Edition
Jaspersoft Community Edition
Score 9.7 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Altair MonarchBizNet Software
Likelihood to Recommend
8.1
(6 ratings)
8.9
(20 ratings)
Likelihood to Renew
7.2
(6 ratings)
6.1
(2 ratings)
Usability
-
(0 ratings)
9.1
(3 ratings)
Support Rating
-
(0 ratings)
9.1
(3 ratings)
Implementation Rating
-
(0 ratings)
9.1
(3 ratings)
User Testimonials
Altair MonarchBizNet Software
Likelihood to Recommend
Altair Engineering, Inc.
The product is especially useful when you have real-time and/or time series data to analyze. If you have more mundane, simpler requirements, other products might do the job you need for less money (there are even some decent open source visualization tools you can find.) I know the product is very widely used in capital markets applications to monitor and analyze risk and price and volume changes; if you're working in that area, I don't think there's a better tool to use.
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BizNet Software
My favorite part is using if for analytical review reports, especially budget to actual reviews. I can make changes to the GL based on issues found during the review and the report updates immediately without having to update, re-key, verify changes, etc. I know it is going to be updated and correct every time.
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Pros
Altair Engineering, Inc.
  • Creating a basic model to extract data from a report is very easy.
  • Advanced features like Calculated Fields and External Lookups allow you to augment the raw data.
  • You can create a "project" to automate the data extraction. Combined with Datapump (a separate DW app), you can fully automate the process once the raw report is generated.
Read full review
BizNet Software
  • Once a worksheet has been created, you can change a single cell and update the entire report. This makes it much easier than recreating a report every time you start.
  • It draws data directly from our database that can be filtered down in various ways. This allows us to get the data that we really need quicker.
Read full review
Cons
Altair Engineering, Inc.
  • Recently, we had some major sticker-shock when we wanted to upgrade Data Pump. It is an exceptional product, but when the price jumped from $6,000 to over $60,000, it was impossible to get the funds approved internally for the upgrade.
  • We also paid for yearly maintenance contracts which included Professional Services, but rarely found those services beneficial. However, we did receive all software upgrades for Datapump as part of the contract which we found to be very beneficial. However, with the new pricing, that is not longer the case.
Read full review
BizNet Software
  • Access to comprehensive training for new users is lacking. While the pay-based BizNet University has some useful videos it doesn't allow for other learning styles.
  • Having to create a separate OCBC data source and linked server for each arm of business opened is sometimes a hassle.
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Likelihood to Renew
Altair Engineering, Inc.
Even though we do not utilize it on a daily basis, I do hope my current company renews it's license. If not, I intend to purchase myself.
Read full review
BizNet Software
Lack of communication from BizNet on new policies with the resellers, changes in the policies that affect the client aren't positive in my opinion
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Usability
Altair Engineering, Inc.
No answers on this topic
BizNet Software
Excel knowledge is a prerequisite to use BizNet well.
Read full review
Support Rating
Altair Engineering, Inc.
No answers on this topic
BizNet Software
We have only had a few occasions to call on the support team over 4 years, but every time our need was met in a superior manner.
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Implementation Rating
Altair Engineering, Inc.
No answers on this topic
BizNet Software
We went pretty seamlessly into BizNet, but could have had lots of trouble if the professional service was not aware of our set up and use.
Read full review
Alternatives Considered
Altair Engineering, Inc.
Datawatch is very good value of money compared to QlikView; QlikView is really more of a BI tool and has a lot of functions that I didn't need. Datawatch is very strong in the real-time area where Tableau, Panorama, and Qlik don't do very well. If you need to set up a visual monitoring dashboard, Datawatch is the best product I've seen for that. if you want to do a lot of in depth statistical analysis of large databases, Tableau is probably a good option.
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BizNet Software
FRX - Great Plains Report Writer - These do produce financial reports but are much more tedious to set up. BizNet is much more flexible and easier to use. The functionality is an Excel add-on which allows us to use the powerful functionality of Excel as well as Biznet's functionality to do data retrieval from Sage 100 general ledger.
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Return on Investment
Altair Engineering, Inc.
  • Data Pump reduces complexity of report solutions by offering a standardized approach for organizing and scheduling
  • 97% service level for past 5 years for all of our jobs going through Data Pump
Read full review
BizNet Software
  • BizNet continues to pay for itself.
  • I am sure we haven't even learned to use half of what it is capable of and their customer service is top notch.
  • I would say that BizNet continues to have a positive impact on our entire financial portion of our business.
Read full review
ScreenShots

Altair Monarch Screenshots

Screenshot of Screenshot of Screenshot of

BizNet Software Screenshots

Screenshot of View inventory status for all products in ExcelScreenshot of Analyze your sales team data within ExcelScreenshot of Find trends within your customer base in ExcelScreenshot of Build dynamic income statements within ExcelScreenshot of Create dynamic executive dashboards to keep track of KPI and top metrics for the company within Excel.