FactSet vs. Meltwater

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FactSet
Score 8.0 out of 10
N/A
FactSet is a provider of financial data and analytic applications for investment management and investment banking professionals.N/A
Meltwater
Score 7.1 out of 10
N/A
Meltwater Media Intelligence platform is a set of public relations software tools for media monitoring, social media monitoring, and collecting brand insights. The four areas of functionality are Monitor, Analyze, Distribute, and Engage. (Note that this product combines features from the vendor Meltwater's former Buzz, Press, and News products.)N/A
Pricing
FactSetMeltwater
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FactSetMeltwater
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Features
FactSetMeltwater
Financial Research
Comparison of Financial Research features of Product A and Product B
FactSet
4.2
1 Ratings
48% below category average
Meltwater
-
Ratings
Private Company Data1.01 Ratings00 Ratings
Industry-Specific Information3.01 Ratings00 Ratings
Independent Research Access5.01 Ratings00 Ratings
M&A Analysis6.01 Ratings00 Ratings
Macroeconomic News5.01 Ratings00 Ratings
Search Tools5.01 Ratings00 Ratings
Best Alternatives
FactSetMeltwater
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Score 6.9 out of 10
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Score 8.0 out of 10
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Enterprises
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User Ratings
FactSetMeltwater
Likelihood to Recommend
6.0
(5 ratings)
6.3
(73 ratings)
Likelihood to Renew
10.0
(1 ratings)
8.0
(9 ratings)
Usability
6.0
(1 ratings)
9.0
(4 ratings)
Availability
-
(0 ratings)
10.0
(1 ratings)
Support Rating
7.0
(1 ratings)
7.5
(28 ratings)
In-Person Training
-
(0 ratings)
8.0
(1 ratings)
Online Training
-
(0 ratings)
8.0
(1 ratings)
Implementation Rating
-
(0 ratings)
6.1
(2 ratings)
Vendor post-sale
-
(0 ratings)
1.0
(1 ratings)
Vendor pre-sale
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
FactSetMeltwater
Likelihood to Recommend
FactSet
Often has data where other sources would not have Well suited for large sets of data and analyses on public company data with a lot of public companies, getting the formulas to pull data is very helpful and saves a lot of time. Less appropriate for pulling investor data and co-investment data that PitchBook seems more suited
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Meltwater
Meltwater is well-suited for agencies that have an engagement team who is looking to service a variety of client needs such as social media reporting, public relations outreach, and community management. If you're looking to have a platform serve just one need, you can still use Meltwater but will get more bang for your buck if you are needing a variety of tools.
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Pros
FactSet
  • curating outside in intelligence
  • enabling account plans target addressable market estimation
  • competitors tracking
  • value proposition pitching
  • RFP deal support
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Meltwater
  • Media research - you can search for relevant publications and journalists to add to your media list.
  • Earned media coverage - you can search for coverage of your brand and find news stories that also include data that may be useful (how many people did the story reach for example).
  • Building media lists - if you have no current existing list, you can build and export one in Excel for example.
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Cons
FactSet
  • Faster load time
  • API integration
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Meltwater
  • The dashboards are not user-friendly, customizable (color, font size, etc.), or worthy of presenting to a client. All of the insights from a dashboard get pulled from the platform and placed into a more client-friendly presentation.
  • Paywalls for certain publications connected to who-knows-what. DowJones racket limits media monitoring capabilities and results in manual searches for a growing number of publications.
  • TVeyes, the broadcast monitoring arm of the media monitoring capabilities, just needs TLC and to become more client-facing. Currently, the links produced to share clips look sketchy, and they have a relatively short shelf life.
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Likelihood to Renew
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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Meltwater
Meltwater works well for our organization and has allowed us to meet our internal goals. We are always open to new products and services that may be able to provide similar or better features; however, our experience has been that many of Meltwater's competitors are not up to the task.
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Usability
FactSet
FactSet is great because it has a plethora of data, so much so that it is often hard to even find a company that I am looking for. However, sometimes this can make it more difficult than normal because you need to sift through tons of data. The webpage often glitches out.
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Meltwater
Once you get some basic training it's pretty easy to use. I would like to see training manuals, or instructional videos to help me explore features I'm not currently using.
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Support Rating
FactSet
I think the data delivery could be improved, but it's a good data set.
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Meltwater
Our account rep at Meltwater went dark for a long time. Then, a couple of weeks ago, our new account manager reached out to set up a meeting. Apparently, they had a big shakeup in the company, and there were some personnel changes. Our new account rep was great in discussing the platform's capabilities that were available to us and even offered to schedule a follow-up meeting with his technical team to introduce our new social media team members to the platform and how it could help them with their jobs.
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In-Person Training
FactSet
No answers on this topic
Meltwater
Again, really in-depth and helpful for a program that is really easy to use.
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Online Training
FactSet
No answers on this topic
Meltwater
Walked step by step through program. Very informative on a program that doesn't require much training.
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Implementation Rating
FactSet
No answers on this topic
Meltwater
You are only allowed 15 users, so make sure you've identified who will have access to use the tool.
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Alternatives Considered
FactSet
Global Data, AlphaSense, Hoovers, S&P, etc.
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Meltwater
I was looking for a full-service option. I did some research. What really sold me was the presentation. They offered products that were helpful, and I wasn’t even aware of them. It is more expensive than the other products that are out there, but you get more. The other companies are good, but Meltwater Media Intelligence is more full service.
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Return on Investment
FactSet
  • improved time to complete an analysis
  • Often data is incorrect or no source provided
  • Only source we've found to support a rights plan and takeover defense analysis
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Meltwater
  • As a PR firm, we rely on the media databases that [Meltwater Media Intelligence Platform] supplies to deliver the media exposure that they expect from us.
  • We utilize their tracking of media hits for our overall reporting to our clients.
  • Both of these are advantageous in helping us to not only keep our existing clients happy but also to gain new clients (and, in turn - revenue), as well.
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ScreenShots