AlphaSense is a market intelligence platform used by companies and financial institutions. Since 2011, their AI-based technology has helped professionals make business decisions by delivering insights from public and private content—including company filings, event transcripts, news, trade journals, and equity research. The platform boasts users among 4,000 enterprise customers. Headquartered in New York City, AlphaSense employs over 1,000 people across offices in the U.S., U.K., Finland, and…
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FactSet Workstation
Score 8.2 out of 10
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The FactSet Workstation is a dynamic platform designed to empower financial professionals with seamless data access, advanced analytics, and technology. Integrating over 800 data sources across asset classes and markets, it consolidates crucial insights and elevates decision-making. Its AI-powered tools include smart search and chat features. The workstation simplifies complex workflows, enabling users to uncover insights quickly and improve collaboration. From research and portfolio…
We use both CB Insights and AlphaSense for our work. While CB Insights is better suited for private companies, especially startups, AlphaSense is unmatched in its data for large, typically public companies and broader industry research.
Alphasense has a much broader coverage breadth, as it includes financial data, market data, private research, and expert interviews, while the others are more limited.
Compared to FactSet and PitchBook, AlphaSense is a good tool to fill my suite of financial analysis. Pitchbook is superior for private company and transaction data, as well as screening for similar companies (the sourcing feature of the job). FactSet is superior for financial …
I inherited AlphaSense access by joining my current role. AlphaSense's financial and deal information can not match pitchbooks. It does have better summarization for financial than pitchbook though.
I am not sure why you won't let me select EMIS Next, but that is a great tool with a lot of very good data that does not seem to be on your platform: Frost & Sullivan Mordor Intelligence
AlphaSense is simply the best software when it comes to finding information from publicly available documents and their access to sell-side research. While it has some room to go in terms of their access to financials, they've already made significant improvements and I'm …
I prefer to use both in conjunction; AlphaSense generally provides deeper insights, but I'm unsure if it is readily available or the newest (Market cap).
Search and analysis of public market data - analyst feedback and management commentary: I would prefer AlphaSense over other Quant analysis of market data / charting: I would prefer S&P for Excel Plugins PItchbook: Proprietary private market and VC data
Special features of AlphaSense that made us decide on this CI platform: - US-based market and competitive intelligence platform with various premium content (broker information, expert calls, earning transcripts, original company documents etc.) - AlphaSense is a trusted CI …
I use TBR for totally different research. I use them for news about corporate direction, investment in technologies and executive leadership changes; M&A and corporate ventures; technology partnerships; and recent contract awards. AlphaSense gives deeper insights with Expert …
Experts calls can help you to decide whether or not invest in a company. can give you insights on culture which is not easy to find in Annual reports. Tegus is much better in summarizing experts calls as well as give you a summary of experts calls called TOP INVESTORS QUESTIONS …
All of them are better than AlphaSense. However, Bloomberg is over twice as expensive, and people are just paying a premium for Chat (which I don't want). I have not used Factset for over three years. When I last used it, I would say that it was slightly better than AlphaSense …
AlphaSense has better document search but is otherwise vastly inferior in every other way. If doc search isn't important to you, I wouldn't bother with AlphaSense.
AlphaSense is largely complementary to CapIQ or Eikon. CapIQ and Eikon do offer research capabliities for an additional fee, though it's currently more cost effective to use AlphaSense. Pitchbook is still a must have if you need to evaluate start-ups/private companies
Pitchbook is better for private company data and getting contacts. It is also more useful for capital raises and data Alphasense is great for more targeted searches which FactSet is very bad at. FactSet often makes it hard to do searches and then once you get to a specific …
As mentioned, believe it is a much stronger offering that CapIQ. Bloomberg is a better tool for credit and the messaging features, but cost prohibitive. We found that for research tasks FactSet Workstation is more than a good enough option, although we do supplement with a …
Bloomberg has the most data / content but is too expensive, while Eikon has the least. FactSet Workstation and Capital IQ were comparable in price but FactSet Workstation had broader data coverage.
FactSet has a much more robust platform with better excel integration. I used Eikon for many years. Once Thomson Reuters sold it to LSEG, the service went downhill. I am happy I made the switch to FactSet
Product is magnitudes more affordable and provides 80% of the functionality that Bloomberg has and is working to build out the remaining. The workstation is more user friendly than bloomberg but still not perfect. Not as robust as a Bloomberg terminal and doesn't have the …
While FactSet Workstation certainly stacks up in terms of quantity of data with other providers, the quality is top-notch. I can directly see the source of each line item on a financial statement which gives me confidence what I see is factual data directly from the companies I …
Bloomberg does a much better job at alerts and proprietary news coverage. Charting is also much more intuitive with Bloomberg. It's also very easy to trade directly through Bloomberg instead of using an OMS. FactSet's pricing is more competitive than Bloomberg and FactSet is …
AlphaSense is very well suited to investing teams that need a research management system that has a robust database behind and rich content management features for note-taking. AlphaSense may not be well-suited to individual investors who want data access but don't need to be sharing notes to a wider team. The sharing features are what make AlphaSense most useful.
As an equity focused investment manager, it is a great all-in-one platform to work from. It solves all our needs for data and Excel integration, modeling, news, market research, economic research and other investment research work. If you are a day trader, its maybe not as useful, but for a manager with normal turnover, it works great
Excel add-in formulas are not constructed in an intuitive way and too often require assistance from help desk
No chat function for help desk, which means delayed assistance time or talking with non-native English speakers, some of whom can be difficult to understand
There should be an AI chatbot that can answer routine queries; for more advanced questions, a human rep can be connected
Portfolio performance metrics should be downloadable using Excel add-in rather than being available only on Workstation
AlphaSense is a very useful tool and is reasonably priced for our organization. While I may not be a hyper-active user, it's a great resource when I need to quickly do a competitive landscape survey, review publicly available documents (transcripts, etc.), or review Wall Street research
We need the FactSet data and capabilities to complete 75% of the financial analyses that we complete for both internal and external purposes. It is invaluable and I am not aware of any other provider that would be able to fill this gap that FactSet does
For my daily work AlphaSense is inevitable, as it holds a real added value compared to most of the CI platforms. It really makes my work more efficient and contributes to better strategy and decision making in the company. Datalog is available up to 15 years, which is a real advantage compared to other CI platforms that can only start competitor monitoring following the signature of the agreement.
FactSet Workstation offers a plethora of tools that I don't find I often use daily; however, the overall usability of the product is very user-friendly. As an example, I often use the search bar at the top of the workstation to find a specific metric I might need in a flash. The company frequently checks in through surveys and user feedback to identify areas where they can improve the usability and experience.
The availability of Alphasense is great. I have used the software for multiple years and cannot remember ever having an outage issue. This is surprising actually, as I use other software applications that do not have regular outages, but still have outages periodically. Alphasense, on the other hand, never seems to have any outages. Good sign if I can't remember the software not working :).
Loading or performing searches on AlphaSense platform is reasonably fast for most of the time. However, it is sometimes unacceptably long for me to load PDF files (earnings presentation, supplementary financial report) on AlphaSense. Certain features might also take very long time, such as loading for "similar tables" across EDGAR filings, or downloading tables from EDGAR filings
Customer support is very prompt. I get personalized support for search recommendations and content that I could not find in my own search. Support checks in with me on a bi-monthly basis to keep me informed of the many different feature additions, I cannot find a more kind, understanding, and supportive team.
The person was prepared, attentive, understood the nature of my questions, was willing to work through any difficulties or misunderstandings, was patient, and super pleasant to work with. Great customer service.
Trainers address the basics, and such training was meant for new users. Instructions are really helpful by providing scenarios that our team will face in our daily tasks. It will be more thoughtful if the training is conducted by case studies so as to allow new users to get first-hand experience during the training.
Compared to FactSet and PitchBook, AlphaSense is a good tool to fill my suite of financial analysis. PitchBook is superior for private company and transaction data, as well as screening for similar companies (the sourcing feature of the job). FactSet is superior for financial analysis for public companies, as well as charting data. AlphaSense is superior in research for documents and deep dive industry research (mostly qualitative) and grabbing data from financial documents
Bloomberg has more info/data than FactSet Workstation which I pointed out earlier. To be fair, I believe Bloomberg is more expensive. Refinitiv - I have used Thomson Reuters Eikon in the past and I did not like the inflexible interface, FactSet Workstation is much more flexible. To be fair, Refinitiv may have made some upgrades since but my mental impression still lean towards FactSet Workstation because of ease of use.
The sharing features provides by AlphaSense mean that it can be readily scaled for teams within an organization and, subject to compliance requirements, with client organizations. The ability to share annotations of transcripts and investor releases is valuable, and facilitates collaboration between analysts.
Research speed has now increased to a single day, allowing us to find everything we want about an industry, compared to 3-5 days before with Alphasense.
Comps analysis, gathering detailed financial information, is now seamless and can be completed in less than 1 hour, compared to 1-2 days.
Expert interview access, before Alphasense, we had no way of including this into our analysis. This has significantly improved the quality of our decisions and research.
We were able to end contracts with a few vendors because FactSet provided everything we need for stock screening, modeling, and analytics directly saving us capital that could be repurposed elsewhere
Having a an all in one system that does everything speeds up training and learning curve for users
