AlphaSense vs. FactSet

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AlphaSense
Score 9.5 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
Score 7.9 out of 10
N/A
FactSet is a provider of financial data and analytic applications for investment management and investment banking professionals.N/A
Pricing
AlphaSenseFactSet
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AlphaSenseFactSet
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
AlphaSenseFactSet
Considered Both Products
AlphaSense
Chose AlphaSense
AlphaSense is better at pulling relevant research based on key searches. Trying to search for specific items on CapIQ or FactSet is difficult because it's basically like CTRL-F on thousands of reports, which would be a very arduous process. I still use the other products, just …
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 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
  • much more user friendly / efficient than FactSet
  • better search functionality within equity research reports, but more buffering required versus Refinitiv Eikon
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
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
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
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.
Chose AlphaSense
AlphaSense's search engine for filings is powerful/more UI friendly than its competitors.
Chose AlphaSense
AlphaSense seems to be on par with competitive landscape analysis and relevant drugs and companies
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.
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
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.
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
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.
Chose AlphaSense
AlphaSense is user-friendly, and I'm able to search for the information I need on a large scale.
Chose AlphaSense
Very solid. Superior in many respects. The greatest distinction / "barrier" relates to users (be it myself / teammates) strengthening familiarity with continued experience.
Chose AlphaSense
I think it lacks valuation sections and comprehensiveness, but I think it's specific qualitative search capabilities are better.
Chose AlphaSense
Senteo also has a word search engine that I used in the past, but which, I didn't feel was as comprehensive or as easy to use as AlphaSense. In terms of comprehensiveness, AlphaSense appears to search many more document types that Senteo did not. Beyond this, AlphaSense's …
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
Found AlphaSense's search to be faster and more complete
Chose AlphaSense
AlphaSense is better in doing a search for quotes / comments. Eikon in better in extracting equity research reports
Chose AlphaSense
Alphanses has pioneered the Sentiment analysis, earning summary, risk highlights and score and give access to broker research reports from well known borking house which were lacking in other platforms.
FactSet

No answer on this topic

Top Pros

No answers on this topic

Top Cons
Features
AlphaSenseFactSet
Financial Research
Comparison of Financial Research features of Product A and Product B
AlphaSense
7.0
139 Ratings
16% below category average
FactSet
-
Ratings
Private Company Data5.2111 Ratings00 Ratings
Industry-Specific Information7.7135 Ratings00 Ratings
Independent Research Access7.6130 Ratings00 Ratings
M&A Analysis7.2106 Ratings00 Ratings
Supply Chain Data5.572 Ratings00 Ratings
ESG Data6.170 Ratings00 Ratings
Credit Ratings Reports7.063 Ratings00 Ratings
Macroeconomic News8.195 Ratings00 Ratings
Search Tools9.2130 Ratings00 Ratings
Best Alternatives
AlphaSenseFactSet
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
S&P Capital IQ
S&P Capital IQ
Score 7.8 out of 10
S&P Capital IQ
S&P Capital IQ
Score 7.8 out of 10
Enterprises
S&P Capital IQ
S&P Capital IQ
Score 7.8 out of 10
S&P Capital IQ
S&P Capital IQ
Score 7.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AlphaSenseFactSet
Likelihood to Recommend
9.5
(208 ratings)
9.4
(4 ratings)
Likelihood to Renew
8.4
(17 ratings)
10.0
(1 ratings)
Usability
9.0
(204 ratings)
-
(0 ratings)
Availability
8.6
(18 ratings)
-
(0 ratings)
Performance
7.4
(18 ratings)
-
(0 ratings)
Support Rating
8.2
(13 ratings)
7.0
(1 ratings)
In-Person Training
9.1
(1 ratings)
-
(0 ratings)
Online Training
8.3
(7 ratings)
-
(0 ratings)
Implementation Rating
9.0
(5 ratings)
-
(0 ratings)
Configurability
9.0
(4 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
7.1
(3 ratings)
-
(0 ratings)
Ease of integration
8.2
(1 ratings)
-
(0 ratings)
Product Scalability
7.8
(18 ratings)
-
(0 ratings)
Professional Services
8.2
(2 ratings)
-
(0 ratings)
Vendor post-sale
8.1
(4 ratings)
-
(0 ratings)
Vendor pre-sale
9.1
(4 ratings)
-
(0 ratings)
User Testimonials
AlphaSenseFactSet
Likelihood to Recommend
AlphaSense
AlphaSense works very well for researching topics related to companies, technologies and/or industries. The information access is super useful. Sorting by search relevance and filtering by source type can help curate the information to what you are looking for. One area that could use some help is how to digest that information down to usable chunks. If your goal is to synthesize the information into your research, then the platform seems to have some tools to help do that, but it will still be a manual process. A CoPilot or similar integration could go a long way to improving the time to value of using this tool and the information it gathers for you.
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FactSet
Integration with MS Powerpoint is one of my first recommendations, it is an advance to be able to integrate FactSet with other products to be able to expand the capacity of accounting departments. The scalability of FactSet is amazing and is related to its integration plugins. The ROI achieved through FactSet also continues to motivate me to recommend it.
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Pros
AlphaSense
  • Key market trends- I input a topic name and get information related to the topic.
  • Competitor filings- Alphasense is able to get all the regulatory documents quickly.
  • Earnings calls- Alphasense now provides transcripts, which is incredibly helpful when I can't attend the earnings call live.
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FactSet
  • curating outside in intelligence
  • enabling account plans target addressable market estimation
  • competitors tracking
  • value proposition pitching
  • RFP deal support
Read full review
Cons
AlphaSense
  • Provide access to research reports on latest technology topics like Small Modular Reactor in Nuclear industry
  • Curate end industry commentary based on particular account expectations on regular basis ( monthly/bi monthly)
  • Mail communication regarding latest topics that are included to the AlphaSense library
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FactSet
  • Faster load time
  • API integration
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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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FactSet
The technical support motivates us to continue using FactSet, we will not stop using the advantages that this software offers us.
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Usability
AlphaSense
The ability to quickly move between transcripts/research is excellent, as is the previews generated of excerpts around search terms, and really increases efficiency/ability to find what you are looking for. The advanced search functionality is more challenging to use, and can some times be difficult to figure out how to set the exact parameters you are looking for (however, once you have the search in place, it is easy to amend)
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FactSet
No answers on this topic
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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FactSet
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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FactSet
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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FactSet
I think the data delivery could be improved, but it's a good data set.
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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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FactSet
No answers on this topic
Online Training
AlphaSense
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.
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FactSet
No answers on this topic
Implementation Rating
AlphaSense
seamless integration
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FactSet
No answers on this topic
Alternatives Considered
AlphaSense
We primarily use Aiera for live transcripts but their transcripts are not as accurate and a bit more glitchy. AlphaSense is really strong on that front and even organizes your printouts with smart summaries and a collection of all of your highlights. It is much better for organizing your thoughts.
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FactSet
Global Data, AlphaSense, Hoovers, S&P, etc.
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Contract Terms and Pricing Model
AlphaSense
I believe this service is highly affordable for the value it creates. I think it is priced appropriately
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FactSet
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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FactSet
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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FactSet
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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FactSet
  • High quality sales pitches
  • stress tested competitive revenue models
  • outside in views for all selling and marketing stakeholders
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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, news & more. 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.