Save Money on Analytics: Alternatives to Expensive Power BI or Tableau Licenses

Modern data visualization tools have become a must-have for real estate origination teams. Tools like Power BI or Tableau are easy to set up, connect to your internal data sources, and create cool visualizations. They are free to start but can get expensive with more users and larger data volume. Let’s look at how to save money on analytics: alternatives to expensive Power BI or Tableau licenses.

As you need to work with larger datasets or share your reports across the organization, you will need to upgrade your licenses. This usually costs a very affordable $10/user/month or $110/user/year. This is a great deal for smaller organizations, but it can quickly add up as you need more licenses. Advanced professional licenses are even more expensive. You may want these licenses for access to features such as paginated reports, AI, and bigger datasets, are more expensive. These typically cost $20-25/user/month.

A typical real estate organization deploys about 30 licenses for its employees. The C-suite, financial and accounting team, and the IT team usually need licenses. If you add in leasing and operations team members, you can easily reach 40 licenses. At $20/user/month, that’s $800/month (or $9,600/year). You would still need to do all of your own data engineering, building of data pipelines, and data sharing.

An easier way to scale this process is to use an application such as CREx Software. CREx allows any amount of users to access, share, and distribute reports and analytics. That means your cost stays the same regardless of how many users have access to your data.

Every organization that values transparency should provide access to their data to all employees. The more people analyze your data, the more chances new ideas, discoveries, and insights can be found.

If you are a small and tech-savvy team, then spinning up your own visualization software is absolutely the best and most cost-effective way to go. However, if you are a large and growing organization and want to focus on growth instead of building data pipelines, then an unlimited user-based SaaS solution, such as CREx, is the way to go. Check out the CREx demo video below!