The finance industry is one of the world’s largest producers of data. Every day, millions of terabytes of data are produced by small and big businesses alike. These large sets of data typically aid businesses in recognizing trends in order to make informed decisions. However, with more data comes more challenges. Finance data scientists must summarize information into succinct reports in order to make that data useful and comprehensible to stakeholders. Thankfully, there are many finance data visualization tools available today that address this problem. These tools also make large amounts of data more visually appealing and easier to communicate to audiences. Not sure which finance data visualization tool is right for your business? Here are the top 5 best finance data visualization tools that can aid your business in condensing large amounts of data in a visually appealing way.
The Top 5 Best Finance Data Visualization Tools
- Tableu – best finance data visualization tool for large organizations looking for a powerful data visualization tool
- Microsoft Power BI – best finance data visualization tool for users who already enjoy using Microsoft Excel
- Zoho Analytics – best finance data visualization tool for finance users looking for a simple but powerful tool
- Sisense – best finance data visualization tool for finance users looking for a customized solution
- Infogram – best finance data visualization tool for finance users looking for easier and more creative ways to present data
- Datawrapper – best finance data visualization tool for finance looking for a simple tool to create engaging charts and tables
1. Tableu – best finance data visualization tool for large organizations looking for a powerful data visualization tool
Pricing: $70 USD per user per month
Tableu is one of the world’s leading integrated business intelligence and data visualization software used for businesses all over the world. Tableu empowers businesses to be more data-driven by making the most out of their data. The platform can integrate with hundreds of sources to import data and organize it in many visualization charts. Tableu offers a breadth of products to select from. These include the Tableu Desktop, Tableu Server, Tableu Online, Tableau Prep, CRM Analytics, and Tableu Public.
Key Features:
- Manage user and permissions
- Certify and manage data sources
- Server administration rights
- Data quality control
- Server deployment monitoring
- Interact with dozens of data visualizations and dashboards
- Summary data
- Comment on collaborative dashboards or visualizations
- Create data-driven alerts
- Explore and edit existing published data
- Create new data flows
- Monitor flow performance and health
Reasons to Buy:
- Free trial
- End-to-end solutions designed to understand data
- Regular product updates
- No hidden costs
- No costly upgrades
- Free training on data visualization tools
- Dedicated account management
- Access to community
- Customizable ways to visualize data
Reasons to Avoid:
- Requires proper training to untap its full potential
- Features are not self-explanatory
- Relatively expensive for small businesses
- Support is lacking
2. Microsoft Power BI – best finance data visualization tool for users who already enjoy using Microsoft Excel
Pricing: $9.99 USD per user per month
Looking to create amazing data experiences and visualization reports? Then try Microsoft Power BI! Microsoft Power BI is a web-based business analytics platform that provides tools to help analyze and transform data into summarized visuals and reports. The software also offers a unique tool called SQL Server Analysis Services. This tool allows users to create reusable models that are shareable with other users. If you enjoy using Microsoft Excel but want a more powerful data visualization tool, then Microsoft Power BI is a top contender to consider for your finance visualization needs.
Key Features:
- Mobile app access
- Publish reports
- Create reports
- Embed APIs and controls
- AI visuals and controls
- Data security and encryption protection
- Metrics for content creation
- End-to-end data protection
Reasons to Buy:
- Free trial before purchase
- Best for users already familiar with Microsoft Excel
- AI-driven augmented analytics
- Create interactive reports tailored to your business needs
- Publish to the cloud or on-premise
- Continuous innovation and updates
Reasons to Avoid:
- There’s a steep learning curve for new users
- Doesn’t connect to Google sheets
- Creating custom dashboards requires IT knowledge and/or coding
- Limited data refresh depending on the package chosen
3. Zoho Analytics – best finance data visualization tool for finance users looking for a simple but powerful tool
Pricing: $24 per 2 users per month
Zoho Analytics is a powerful data visualization tool. In a matter of minutes, users can create insightful dashboards and stunning data reports for decision making. Users can connect and blend data from anywhere using Zoho Analytics as a modern self-service BI platform.
Key Features:
- Unlimited reports and dashboards
- 75+ visualization dashboard options
- Collaborative workspaces
- Cloud drive and databases
- Relational databases
- Easy to use formula engine
- Business integrations with 500+ popular apps
- Predictive analytics
- Simulate complex scenarios
- Data storytelling
Reasons to Buy:
- Strong customer support
- Geo visualization
- Connection with any data sources
- Great for new users who are new to data visualization and analytics
- Relatively priced well
- Data storytelling
- No need for coding
- 15-day free trial
Reasons to Avoid:
- API limitations
- Report exporting takes time
4. Sisense – best finance data visualization tool for finance users looking for a customized solution
Pricing: Custom pricing
Sisense is a powerful, secure, and scalable financial data analytics that provides instant insights for your business. Sisense infuses business intelligence when creating workflows that reveal hidden patterns, trends, and data-driven conclusions. Make data simpler with Sisense.
Key Features:
- Data security
- Quickly access all your data
- Create relationships across multiple data sources
- Create engaging dashboards and reports
- Assess data outcomes and interpret analytics with ease
Reasons to Buy:
- Customized pricing that meets your organization’s needs and budget
- Free trial
- Allows for customizable and personalized data experience
- AI-driven platform
- Low to no code experience required
- Cloud flexibility
- Solutions specific for finance users
- Scalable financial data analytics
- Make complex financial data simple and clean
- Leverage data generated from financial institutions
- Great customer service
Reasons to Avoid:
- Not many available training resources
- Unreliable pulse and alerts
- Uncertainty regarding the introductory price
5. Infogram – best finance data visualization tool for finance users looking for easier and more creative ways to present data
Pricing: $19 USD per month
Infogram is a great tool that organizes data into engaging visuals, infographics, and reports in a matter of minutes. It is another popular way of creating data into a succinct visual report that is engaging and visually appealing. It is an easy-to-use tool that is popular for beginners that want to generate data in a more creative way.
Key Features:
- Create up to 100 projects
- Create up to 10 pages per project
- Select 100+ premium designed templates
- Select 550+ map types
- Select 1+ million images and icons
- Custom colors, fonts, and images
- Advanced image editing
- Access to HD images and video
- Privacy and security
- Data connections and live data
Reasons to Buy:
- Save time with Infogram’s collection of designer templates
- Stay on-brand with Infogram’s custom templates, colours, fonts, and logos
- Create animations to elevate your stories
- Create interactive charts and maps
- Endless collaboration possibilities
- Stress-free changes
- Organize teams for collaboration and control permission levels
- Track your reports
Reasons to Avoid:
- Requires access to higher tiers to benefit full capabilities of Infogram’s tools and features
- Lack of functionalities relative to other tools available in the market
- Reported High load times and lagging issues
6. Datawrapper – best finance data visualization tool for finance looking for a simple tool to create engaging charts and tables
Pricing: $599 USD per month
Datawrapper is a visualization tool that converts data into stories. Datawrapper’s goal is to empower everyone to create beautiful and engaging visuals in the form of tables, charts, and maps.
Key Features:
- Create and publish unlimited charts, maps, and tables
- Export visual charts, maps, and tables
- User licenses included
- Custom themes
- Print-ready graphics
- Support and training
- Privacy and security
Reasons to Buy:
- Free limited version
- Simple and straightforward
- No coding skills required
- No design skills required
Reasons to Avoid:
- Additional costs for added custom themes (+$249/month)
References
- https://www.tableau.com
- https://www.tableau.com/pricing/teams-orgs
- https://powerbi.microsoft.com/en-us/
- https://www.zoho.com/analytics/
- https://www.sisense.com
- https://infogram.com
- https://www.datawrapper.de