AlphaSense vs. FactSet Workstation

AlphaSense

342 Reviews and Ratings

FactSet Workstation

47 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
AlphaSense	Score9.7 out of 10	N/A	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…	N/A
FactSet Workstation	Score8.2 out of 10	N/A	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…	N/A

Pricing

AlphaSense

FactSet Workstation

No answers on this topic

No answers on this topic

Pricing Offerings
AlphaSense	FactSet Workstation
Free Trial
Yes	Yes
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	Yes

No setup fee

Required

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Community Pulse
Key User Insights
	AlphaSense	FactSet Workstation
Considered Both Products	AlphaSense Verified User Chose AlphaSense 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 … Incentivized Helpful? Verified User Chose AlphaSense Alphasense has available information from analysts, which is difficult to get from platforms like FactSet unless you pay additional fees. Incentivized Helpful? Verified User Chose AlphaSense 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 … Incentivized Helpful? Verified User Chose AlphaSense PitchBook has much better private company data. FactSet i find has more financial insights. Gartner has more reliable market research and studies. I would say AlphaSense i more well rounded and excels in research reports and current events Incentivized Helpful? Verified User Chose AlphaSense AlphaSense is a lot easier to use and I see it as a single purpose product whereas FactSet I'm more using to pull data Incentivized Helpful? Verified User Chose AlphaSense AlphaSense's smart search functionality is a huge differentiator versus these peers, particularly its ability to easily search through broker research (versus just filings/transcripts). In addition, AlphaSense makes it much easier to review multiple documents at once, and the … Incentivized Helpful? Verified User Chose AlphaSense much more user friendly / efficient than FactSet better search functionality within equity research reports, but more buffering required versus Refinitiv Eikon Incentivized Helpful? Verified User Chose AlphaSense I really like AlphaSense but it's not a stop shop. For broker research / keyword search, its the best. But it doesn't have private company info, debt info, or the level industry metrics that PitchBook, Bloomberg, and CapIQ have. Additionally, it doesn't have financials at the … Incentivized Helpful? Verified User Chose AlphaSense AlphaSense has the best search / smart search functions. Refinitiv has more equity research reports, but AlphaSense has more than FactSet or BBG. All 4 databases do a comparable job of providing financials. FactSet has an impressive feature that allows you to jump within … Incentivized Helpful? Verified User Chose AlphaSense Actually have both AlphaSense and FactSet. Each has its uniqueness but all depends on nature of the task or project at hand. Incentivized Helpful? Tucker Boren Director, Market Intelligence in Marketing at Khoros (Internet, 501-1000 employees) Chose AlphaSense AlphaSense has the most sources and best usability of any tool I've used. Incentivized Helpful? Verified User Chose 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. Incentivized Helpful? Verified User Chose AlphaSense One integrated platform. Modern user interface, unlike Bloomberg Terminal. Incentivized Helpful? Verified User Chose AlphaSense AlphaSense is one tool I have in my analyst toolbox that helps me dive deep into the research process. It isn't the first place I go when I begin the research process, but it's one area where I spend more time the deeper I get into the process. Incentivized Helpful? Verified User Chose AlphaSense AlphaSense's search engine for filings is powerful/more UI friendly than its competitors. Incentivized Helpful? Verified User Chose AlphaSense I use both for market index research but oftentimes I rely on AlphaSense for what's not in Bloomberg. Incentivized Helpful? Verified User Chose AlphaSense They all provide different solutions that cater for specific needs. Crayon is the general purpose software - better at general CI than AlphaSense. WideNarrow is another version, and provides a glossy output, now backed by Infodesk. Incentivized Helpful? Verified User Chose AlphaSense It's difficult to say as it has been several years since I used the above. Incentivized Helpful? Verified User Chose AlphaSense As compared to Refinitiv, AlphaSense is easier to use off the shelf (has less of the codes to find exactly what one's looking for) and provides more detailed insights a lot quicklier. Incentivized Helpful? Verified User Chose AlphaSense We use a combination of the above. As previously mentioned, CIQ and Bloomberg are better for market data (broker estimates, NAVPS data, etc.). The main difference is access to broker research and the excel plug in Incentivized Helpful? Verified User Chose AlphaSense AlphaSense is user-friendly, and I'm able to search for the information I need on a large scale. Incentivized Helpful? Verified User Chose AlphaSense We do not have an alternative to AlphaSense right now and have previously gone directly to Edgar or the company websites to search for filings, company press releases, or presentations. I am not aware of any similar products myself right now unfortunately. Incentivized Helpful? Franco Herrera Vice President in Finance and Accounting at Wells Fargo (Banking, 10,001+ employees) Chose AlphaSense AI generated insights, keyword search engine are features not seen on other platforms Incentivized Helpful? Ted Malpiede Associate in Corporate at Capstone Partners (Investment Banking, 51-200 employees) Chose AlphaSense Very solid. Superior in many respects. The greatest distinction / "barrier" relates to users (be it myself / teammates) strengthening familiarity with continued experience. Incentivized Helpful? Verified User Chose AlphaSense I think it lacks valuation sections and comprehensiveness, but I think it's specific qualitative search capabilities are better. Incentivized Helpful?	FactSet Verified User Chose FactSet Workstation 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 … Incentivized Helpful?
	Would buy again
	No answers on this topic	No answers on this topic
	Delivers good value for the price
	No answers on this topic	No answers on this topic
	Happy with the feature set
	No answers on this topic	No answers on this topic
	Lived up to sales and marketing promises
	No answers on this topic	No answers on this topic
	Implementation went as expected
No answers on this topic	No answers on this topic

Features

AlphaSense

FactSet Workstation

Comparison of Financial Research features of AlphaSense and FactSet Workstation
Feature	AlphaSense 6.9 171 Ratings	FactSet Workstation 4.2 1 Ratings
Private Company Data	5.2141 Ratings	1.01 Ratings
Industry-Specific Information	7.4166 Ratings	3.01 Ratings
Independent Research Access	8.4160 Ratings	5.01 Ratings
M&A Analysis	5.7132 Ratings	6.01 Ratings
Supply Chain Data	6.691 Ratings	00 Ratings
ESG Data	6.088 Ratings	00 Ratings
Credit Ratings Reports	6.677 Ratings	00 Ratings
Macroeconomic News	7.7119 Ratings	5.01 Ratings
Search Tools	8.3158 Ratings	5.01 Ratings

User Ratings
	AlphaSense	FactSet Workstation
Likelihood to Recommend	9.7 (239 ratings)	6.0 (5 ratings)
Likelihood to Renew	8.7 (20 ratings)	10.0 (1 ratings)
Usability	8.1 (235 ratings)	6.0 (1 ratings)
Availability	9.0 (21 ratings)	- (0 ratings)
Performance	8.3 (21 ratings)	- (0 ratings)
Support Rating	8.7 (16 ratings)	7.0 (1 ratings)
In-Person Training	9.1 (1 ratings)	- (0 ratings)
Online Training	6.4 (8 ratings)	- (0 ratings)
Implementation Rating	9.1 (5 ratings)	- (0 ratings)
Configurability	5.9 (5 ratings)	- (0 ratings)
Contract Terms and Pricing Model	9.1 (4 ratings)	- (0 ratings)
Ease of integration	8.2 (1 ratings)	- (0 ratings)
Product Scalability	6.6 (21 ratings)	- (0 ratings)
Professional Services	8.2 (2 ratings)	- (0 ratings)
Vendor post-sale	8.2 (5 ratings)	- (0 ratings)
Vendor pre-sale	8.2 (5 ratings)	- (0 ratings)