AlphaSense vs. Bloomberg Terminal

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AlphaSense
Score 9.7 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
Bloomberg Terminal
Score 8.4 out of 10
N/A
Sitting on the desks of 325,000 of the world’s most influential decision makers, the Bloomberg Terminal is a modern icon of financial markets. Launched in 1981, long before PCs and the internet became ubiquitous, the Bloomberg Terminal connected market participants to data, analytics and information-delivery service.N/A
Pricing
AlphaSenseBloomberg Terminal
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AlphaSenseBloomberg Terminal
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
AlphaSenseBloomberg Terminal
Considered Both Products
AlphaSense
Chose AlphaSense
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 …
Chose AlphaSense
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 …
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 …
Chose AlphaSense
AlphaSense makes it easy to get to the right info quickly. The coverage of industries and companies for broker research is much more than the other products. AlphaSense also includes detailed financial info for companies and its AI-based summaries are helpful.
Chose AlphaSense
AlphaSense seems to be on par with competitive landscape analysis and relevant drugs and companies
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
Chose AlphaSense
I use both for market index research but oftentimes I rely on AlphaSense for what's not in Bloomberg.
Chose AlphaSense
It's difficult to say as it has been several years since I used the above.
Chose AlphaSense
I have not used any other platform like AlphaSense.
Chose AlphaSense
Better team to onboard equity research.
Chose AlphaSense
AlphaSense is more user-friendly and easier to load, manage and extract info from. Bloomberg remains a default for me and provides more ‘live’ info and financial info, which AlphaSense currently lacks.
Chose AlphaSense
I use both. Both have pros and cons. Bloomberg has audio for calls, AlphaSense doesn't, but it's easier to search through documents.
Chose AlphaSense
The search function is horrendous. The news search is inaccurate. The search results could be overwhelming, and most of them are irrelevant. Transcript keyword search is slow and clunky.
Chose AlphaSense
Alphasense much easier to use than Bloomberg Transcripts - rate it much higher
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 …
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
Chose AlphaSense
AlphaSense is very differnet from other simlar tools I have used. However, it is very powerful for doing the things it is designed to do. Its search engine feature is among the best and most user friendly that I have used.
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 …
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 …
Chose AlphaSense
I think it lacks valuation sections and comprehensiveness, but I think it's specific qualitative search capabilities are better.
Chose AlphaSense
I think for searching and finding specific data AlphaSense is a far superior platform to Capital IQ or even Bloomberg. That being said, I haven't heard of or used an excel plug-in provided by AlphaSense, so it is difficult to compare from that perspective because CIQ's primary …
Chose AlphaSense
AlphaSense gives users the most pertinent information and allows for custom search of industry-level, macroeconomic, as well as company-specific data, which optimizes the research and information gathering process.
Chose AlphaSense
Much easier to use AlphaSense, its the closest thing to Alphasense I've used, but it's not close to how much more I like to use AlphaSense.
Bloomberg Terminal
Chose Bloomberg Terminal
I select Bloomberg Terminal because of switching costs. I started with ith and learn a new software is not easy.
Features
AlphaSenseBloomberg Terminal
Financial Research
Comparison of Financial Research features of Product A and Product B
AlphaSense
7.6
187 Ratings
3% above category average
Bloomberg Terminal
6.7
4 Ratings
10% below category average
Private Company Data5.4153 Ratings4.84 Ratings
Industry-Specific Information8.6179 Ratings7.84 Ratings
Independent Research Access8.8172 Ratings6.34 Ratings
M&A Analysis7.8142 Ratings5.73 Ratings
Supply Chain Data7.697 Ratings6.34 Ratings
ESG Data6.696 Ratings6.33 Ratings
Credit Ratings Reports6.584 Ratings7.33 Ratings
Macroeconomic News8.6132 Ratings8.73 Ratings
Search Tools9.0174 Ratings7.34 Ratings
Best Alternatives
AlphaSenseBloomberg Terminal
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
S&P Capital IQ
S&P Capital IQ
Score 7.6 out of 10
S&P Capital IQ
S&P Capital IQ
Score 7.6 out of 10
Enterprises
S&P Capital IQ
S&P Capital IQ
Score 7.6 out of 10
S&P Capital IQ
S&P Capital IQ
Score 7.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AlphaSenseBloomberg Terminal
Likelihood to Recommend
9.7
(251 ratings)
8.3
(5 ratings)
Likelihood to Renew
8.7
(20 ratings)
-
(0 ratings)
Usability
8.7
(249 ratings)
7.3
(4 ratings)
Availability
8.9
(22 ratings)
-
(0 ratings)
Performance
7.6
(22 ratings)
-
(0 ratings)
Support Rating
8.6
(16 ratings)
-
(0 ratings)
In-Person Training
9.1
(1 ratings)
-
(0 ratings)
Online Training
6.5
(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
7.2
(22 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)
User Testimonials
AlphaSenseBloomberg Terminal
Likelihood to Recommend
AlphaSense
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.
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Bloomberg
Well-suited as a monitoring tool for market prices, economic indicators, and news. Less appropriate for fundamental research and analysis. Other tools, such as AlphaSense and Visible Alpha, are better/more user-friendly for research usage or manipulation of financial statements, either because the platform itself is easier to use or because the Excel add-in function is simpler, less confusing.
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Pros
AlphaSense
  • Summarizing information across multiple company documents via their new Generative Grid tool.
  • Aggregating the latest insights from diverse sources - broker research, expert insights, company documents, and news.
  • Providing a repeatable way to query information.
  • Smart keywords to help you search, e.g., car = auto = automotive.
Read full review
Bloomberg
  • EMSX
  • Graph
  • port
Read full review
Cons
AlphaSense
  • I believe the AI agent could be improved to answer more detailed questions and provide better data.
  • Access to real time financial data in a similar vein to Koyfin.
  • The ability to easily search across all company decks to be able to quickly gather all relevant slides for a specific topic, similar to what Quartr offers.
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Bloomberg
  • Limiting data use
  • Cost of Bloomberg Terminal
  • New user on-boarding
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Likelihood to Renew
AlphaSense
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
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Bloomberg
No answers on this topic
Usability
AlphaSense
AlphaSense has a very intuitive user interface, and I can tell they have been focused on expanding their product breadth and continuing to innovate on current products. Some basic features are missing or I can't find (I can't just sort expert calls by only the ones that are applicable to that ticker, most relevant is the one that works best, but I want just the ticker)
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Bloomberg
Easy to use but need to know commands
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Reliability and Availability
AlphaSense
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 :).
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Bloomberg
No answers on this topic
Performance
AlphaSense
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
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Bloomberg
No answers on this topic
Support Rating
AlphaSense
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.
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Bloomberg
No answers on this topic
In-Person Training
AlphaSense
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.
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Bloomberg
No answers on this topic
Online Training
AlphaSense
Our online training was led by a AlphaSense representative. The training is always good. The bigger issue is our time availability to remember the training and utilize it. The trainers will show us examples and then ask us for real industries or companies of interest to use so that the training is most relevant.
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Bloomberg
No answers on this topic
Implementation Rating
AlphaSense
use friendly UI made the transition seamless
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Bloomberg
No answers on this topic
Alternatives Considered
AlphaSense
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 platform by world’s leading corporations and financial institutions - AlphaSense’s proprietary AI stack has been meticulously engineered over a decade so that their AI accelerates speed-to-insight so clients can act with confidence when making critical decisions - Private and public companies, therapeutic areas and products can be monitored - Datalog is available up to 15 years, and advanced search is supported for them - Curated newsfeed is available from more than 3,500 top news publications, client requests and hand-picked vendors for premium subscription - Very advanced company profiles are available by default with newsfeed, original company documents, expert calls and reports - Newsfeed and alerts can be also set by admins and individual users
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Bloomberg
While there are a lot of competitive services in the marketplace, each good in its own right, the Bloomberg Terminal is considered the top product. It has key fast information and can help individuals make fast decisions. It also has a top-tier support desk that can answer questions for you and teach you functionality to apply to your role
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Contract Terms and Pricing Model
AlphaSense
It has been very simple. Contract terms are standard for an online portal. Of course, I would like unit pricing to be lower so I could get more users on the license or to rotate seats to get more value out of each license. Billing frequency has been standard as well. This could be more significant for a larger customer.
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Bloomberg
No answers on this topic
Scalability
AlphaSense
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.
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Bloomberg
No answers on this topic
Professional Services
AlphaSense
Very professional and knowledgeable team. Easy to work with and communicates in a way that's helpful for users who aren't experts on the platform
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Bloomberg
No answers on this topic
Return on Investment
AlphaSense
  • AlphaSense has allowed us to generate deeper competitive insights. For example, we conducted an in depth analysis of the aerial data analytics (drone) industry, and AlphSense helped us narrow in on the market leaders and their various strengths / weaknesses.
  • AlphaSense has improved our team's overall efficiency. With Stream in particular, we are able to pinpoint insights in a matter of minutes through the transcript feature as opposed to having to conduct a series of calls ourselves. This is a significant time saver.
  • AlphaSense has allowed us to make more informed decisions on our public holdings by providing us with unfettered access to equity research analyst reports.
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Bloomberg
  • The terminal is an important part of our research process. We use the supply chain function for example when researching new companies.
  • The terminal allows us to have a quick overview of past performance for stocks during earnings season (ERN function).
  • The terminal is very good at synthesizing the main industry indicators in the Bloomberg Intelligence functions for each industry.
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ScreenShots

AlphaSense Screenshots

Screenshot of AlphaSense's AI search, available across 2,000+ premium business data sources including SEC filings, earnings calls, broker research, business journals, and news. It can be used to stay ahead of market-moving trends and instantly surface critical information buried within millions of documents.Screenshot of a single view of the industries, companies and themes within a fully-customizable dashboard, that can be tailored to fit any research process.Screenshot of a purpose-built generative AI that offers insights from a premium content universe.