What users are saying about
17 Ratings
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Score 7.6 out of 100
7 Ratings
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Score 8.3 out of 100

Likelihood to Recommend

Datawatch Monarch

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.
Anonymous | TrustRadius Reviewer

Essbase Cloud

We use it often during close processes to allow the accountants to see how the process is going, what entries might be missing. We also use it heavily for sales analysis to see how we are doing and to forecast where we expect to be.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Ad-hoc Reporting

Datawatch Monarch
Essbase Cloud
9.5
Drill-down analysis
Datawatch Monarch
Essbase Cloud
9.3
Formatting capabilities
Datawatch Monarch
Essbase Cloud
9.5
Integration with R or other statistical packages
Datawatch Monarch
Essbase Cloud
9.0
Report sharing and collaboration
Datawatch Monarch
Essbase Cloud
10.0

Data Discovery and Visualization

Datawatch Monarch
Essbase Cloud
3.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
Datawatch Monarch
Essbase Cloud
2.0
Predictive Analytics
Datawatch Monarch
Essbase Cloud
5.0

Access Control and Security

Datawatch Monarch
Essbase Cloud
7.8
Multi-User Support (named login)
Datawatch Monarch
Essbase Cloud
7.7
Role-Based Security Model
Datawatch Monarch
Essbase Cloud
8.0
Multiple Access Permission Levels (Create, Read, Delete)
Datawatch Monarch
Essbase Cloud
8.3
Single Sign-On (SSO)
Datawatch Monarch
Essbase Cloud
7.3

Mobile Capabilities

Datawatch Monarch
Essbase Cloud
8.0
Responsive Design for Web Access
Datawatch Monarch
Essbase Cloud
8.0

Application Program Interfaces (APIs) / Embedding

Datawatch Monarch
Essbase Cloud
8.7
REST API
Datawatch Monarch
Essbase Cloud
8.0
Java API
Datawatch Monarch
Essbase Cloud
9.0
Themeable User Interface (UI)
Datawatch Monarch
Essbase Cloud
9.0

Pros

Datawatch Monarch

  • 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.
Frank Pappalardo | TrustRadius Reviewer

Essbase Cloud

  • Essbase uses Excel as a user interface, which in itself is user-friendly.
  • Essbase as a multidimensional database is a very fast querying engine to generate reports faster.
  • Essbase provides a user write back feature for users to input data via Excel.
Anonymous | TrustRadius Reviewer

Cons

Datawatch Monarch

  • 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.
Kim Shada | TrustRadius Reviewer

Essbase Cloud

  • The transition of on-prem to cloud
  • Support could be better
Anonymous | TrustRadius Reviewer

Likelihood to Renew

Datawatch Monarch

Datawatch Monarch 7.2
Based on 6 answers
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.
Lisa Glassman | TrustRadius Reviewer

Essbase Cloud

No score
No answers yet
No answers on this topic

Alternatives Considered

Datawatch Monarch

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.
Anonymous | TrustRadius Reviewer

Essbase Cloud

Essbase is more scalable and data source agnostic where the other products are not
Anonymous | TrustRadius Reviewer

Return on Investment

Datawatch Monarch

  • 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
Kim Shada | TrustRadius Reviewer

Essbase Cloud

  • Essbase delivers well on the business objectives with executive reporting.
  • Essbase works well for financial close reporting purposes.
  • Essbase is good for providing a single source of data for company actuals, forecast and budget data.
Anonymous | TrustRadius Reviewer

Screenshots

Essbase Cloud

Pricing Details

Datawatch Monarch

General

Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

Essbase Cloud

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Datawatch Monarch
8.1
Essbase Cloud
9.0

Likelihood to Renew

Datawatch Monarch
7.2
Essbase Cloud

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