What users are saying about
17 Ratings
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Score 7.6 out of 100
2 Ratings
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Score 9 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

Global Software

Any company that would like to have financial documents that update automatically, this is the software for you. You do not have to know any special coding to make things work, their wizards do all the work. While some of the licenses may be a little pricey, the money saved on not needing the additional overhead to help program queries can help offset this.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Ad-hoc Reporting

Datawatch Monarch
Global Software
9.0
Drill-down analysis
Datawatch Monarch
Global Software
8.0
Formatting capabilities
Datawatch Monarch
Global Software
10.0

Report Output and Scheduling

Datawatch Monarch
Global Software
10.0
Publish to PDF
Datawatch Monarch
Global Software
10.0

Access Control and Security

Datawatch Monarch
Global Software
9.5
Multi-User Support (named login)
Datawatch Monarch
Global Software
9.0
Single Sign-On (SSO)
Datawatch Monarch
Global Software
10.0

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

Global Software

  • Installation of this product was very easy.
  • Support usually responds within 24 hours.
  • Having the ability to have your GL based spreadsheets automatically update makes all the difference. No sync issues to worry about.
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

Global Software

  • If you use different GL for similar line items on your balance sheets, the software does not handle that out of the box, but there are some workarounds with Vlookups that can be used.
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

Global Software

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

Global Software

We are currently transitioning from Vista's Financial Manager to Global Software's Spreadsheet Server. The ease of setting up forms with Spreadsheet Server wins hands down. You do not have to dig 3 layers down to make a change. If you can use Excel, you can pretty much use this program to create your accounting forms. They give you several templates, and they are easy to modify to anything you might need.
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

Global Software

No answers on this topic

Screenshots

Global Software

Pricing Details

Datawatch Monarch

General

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

Global Software

General

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

Rating Summary

Likelihood to Recommend

Datawatch Monarch
8.1
Global Software
9.0

Likelihood to Renew

Datawatch Monarch
7.2
Global Software

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