TrustRadius: an HG Insights company

FactSet Workstation vs. Qlik Cloud Analytics (Qlik Sense)

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    FactSet Workstation

    Score8.5 out of 10
    N/AThe 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

    Qlik Cloud Analytics (Qlik Sense)

    Score8.1 out of 10
    N/AQlik Sense® is a self-service BI platform for data discovery and visualization. It supports a full range of analytics use cases—data governance, pixel-perfect reporting, and collaboration. Its Associative Engine indexes and connects relationships between data points for creating actionable insights.

    $200

    per month

    Pricing
    FactSet WorkstationQlik Cloud Analytics (Qlik Sense)
    Editions & Modules
    No answers on this topic
    Starter
    $200
    per month
    Standard
    $825
    per month
    Premium
    $2750
    per month
    Qlik Sense (On-Premise)
    Contact Sales
    Offerings
    Pricing Offerings
    FactSet WorkstationQlik Cloud Analytics (Qlik Sense)
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesYes
    Entry-level Setup FeeRequiredNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    FactSet WorkstationQlik Cloud Analytics (Qlik Sense)
    Considered Both Products
    FactSet
    No answer on this topic
    Qlik
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    16 Answers
    89%
    Would buy again
    73 Answers
    Delivers good value for the price
    100%
    Delivers good value for the price
    15 Answers
    89%
    Delivers good value for the price
    57 Answers
    Happy with the feature set
    94%
    Happy with the feature set
    15 Answers
    89%
    Happy with the feature set
    74 Answers
    Lived up to sales and marketing promises
    92%
    Lived up to sales and marketing promises
    12 Answers
    91%
    Lived up to sales and marketing promises
    48 Answers
    Implementation went as expected
    100%
    Implementation went as expected
    11 Answers
    85%
    Implementation went as expected
    52 Answers
    Features
    FactSet WorkstationQlik Cloud Analytics (Qlik Sense)
    Financial Research
    Comparison of Financial Research features of FactSet Workstation and Qlik Cloud Analytics (Qlik Sense)
    Feature
    FactSet Workstation
    6.6
    13 Ratings
    11% below category average
    Qlik Cloud Analytics (Qlik Sense)
    -
    Ratings
    Private Company Data4.710 Ratings00 Ratings
    Industry-Specific Information6.913 Ratings00 Ratings
    Independent Research Access6.912 Ratings00 Ratings
    M&A Analysis6.210 Ratings00 Ratings
    Supply Chain Data5.98 Ratings00 Ratings
    ESG Data6.29 Ratings00 Ratings
    Macroeconomic News7.813 Ratings00 Ratings
    Search Tools7.813 Ratings00 Ratings
    BI Standard Reporting
    Comparison of BI Standard Reporting features of FactSet Workstation and Qlik Cloud Analytics (Qlik Sense)
    Feature
    FactSet Workstation
    -
    Ratings
    Qlik Cloud Analytics (Qlik Sense)
    7.8
    315 Ratings
    5% below category average
    Pixel Perfect reports00 Ratings8.3216 Ratings
    Customizable dashboards00 Ratings7.8313 Ratings
    Report Formatting Templates00 Ratings7.5228 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of FactSet Workstation and Qlik Cloud Analytics (Qlik Sense)
    Feature
    FactSet Workstation
    -
    Ratings
    Qlik Cloud Analytics (Qlik Sense)
    7.0
    326 Ratings
    13% below category average
    Drill-down analysis00 Ratings8.0322 Ratings
    Formatting capabilities00 Ratings6.2315 Ratings
    Integration with R or other statistical packages00 Ratings6.3154 Ratings
    Report sharing and collaboration00 Ratings7.6299 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of FactSet Workstation and Qlik Cloud Analytics (Qlik Sense)
    Feature
    FactSet Workstation
    -
    Ratings
    Qlik Cloud Analytics (Qlik Sense)
    7.5
    278 Ratings
    9% below category average
    Publish to Web00 Ratings5.9210 Ratings
    Publish to PDF00 Ratings6.9257 Ratings
    Report Versioning00 Ratings7.7176 Ratings
    Report Delivery Scheduling00 Ratings8.6183 Ratings
    Delivery to Remote Servers00 Ratings8.1108 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of FactSet Workstation and Qlik Cloud Analytics (Qlik Sense)
    Feature
    FactSet Workstation
    -
    Ratings
    Qlik Cloud Analytics (Qlik Sense)
    6.7
    314 Ratings
    18% below category average
    Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings6.7307 Ratings
    Location Analytics / Geographic Visualization00 Ratings8.1283 Ratings
    Predictive Analytics00 Ratings6.3195 Ratings
    Pattern Recognition and Data Mining00 Ratings5.92 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of FactSet Workstation and Qlik Cloud Analytics (Qlik Sense)
    Feature
    FactSet Workstation
    -
    Ratings
    Qlik Cloud Analytics (Qlik Sense)
    7.7
    297 Ratings
    10% below category average
    Multi-User Support (named login)00 Ratings6.5276 Ratings
    Role-Based Security Model00 Ratings8.4272 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)00 Ratings7.4275 Ratings
    Report-Level Access Control00 Ratings7.42 Ratings
    Single Sign-On (SSO)00 Ratings8.7218 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of FactSet Workstation and Qlik Cloud Analytics (Qlik Sense)
    Feature
    FactSet Workstation
    -
    Ratings
    Qlik Cloud Analytics (Qlik Sense)
    7.5
    221 Ratings
    3% below category average
    Responsive Design for Web Access00 Ratings8.0215 Ratings
    Mobile Application00 Ratings8.0133 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile00 Ratings9.0185 Ratings
    Application Program Interfaces (APIs) / Embedding
    Comparison of Application Program Interfaces (APIs) / Embedding features of FactSet Workstation and Qlik Cloud Analytics (Qlik Sense)
    Feature
    FactSet Workstation
    -
    Ratings
    Qlik Cloud Analytics (Qlik Sense)
    8.3
    145 Ratings
    7% above category average
    REST API00 Ratings8.0125 Ratings
    Javascript API00 Ratings8.494 Ratings
    iFrames00 Ratings8.094 Ratings
    Java API00 Ratings8.471 Ratings
    Themeable User Interface (UI)00 Ratings8.497 Ratings
    Customizable Platform (Open Source)00 Ratings8.784 Ratings
    Best Alternatives
    FactSet WorkstationQlik Cloud Analytics (Qlik Sense)
    Small Businesses
    No answers on this topic
    Cyfe
    Score4 out of 10
    Medium-sized Companies
    S&P Capital IQ
    Score7.5 out of 10
    Zendesk Explore
    Score8.1 out of 10
    Enterprises
    S&P Capital IQ
    Score7.5 out of 10
    Jaspersoft Community Edition
    Score7 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    FactSet WorkstationQlik Cloud Analytics (Qlik Sense)
    Likelihood to Recommend
    8.5
    (17 ratings)
    8.3
    (332 ratings)
    Likelihood to Renew
    10.0
    (2 ratings)
    8.4
    (7 ratings)
    Usability
    7.1
    (13 ratings)
    8.3
    (14 ratings)
    Support Rating
    7.0
    (1 ratings)
    7.3
    (9 ratings)
    In-Person Training
    -
    (0 ratings)
    9.1
    (1 ratings)
    Online Training
    -
    (0 ratings)
    9.1
    (1 ratings)
    Implementation Rating
    -
    (0 ratings)
    7.3
    (5 ratings)
    Data Sharing and Collaboration
    -
    (0 ratings)
    3.4
    (36 ratings)
    Data Sources
    -
    (0 ratings)
    7.5
    (37 ratings)
    Vendor post-sale
    -
    (0 ratings)
    9.1
    (1 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    9.1
    (1 ratings)
    User Testimonials
    FactSet WorkstationQlik Cloud Analytics (Qlik Sense)
    Likelihood to Recommend
    FactSet
    FactSet works for all my IR needs. I do not see a function for which I use it for that it would be less appropriate. I believe that the tool's efforts towards becoming more integrated with AI are strong and that in time the Mercury offering will be just as competitive as some of the other AI offerings out there today such as AlphaSense
    Incentivized
    Read full review
    Qlik
    Qlik Sense is a program whose purpose is to greatly improve all your operations and use of all data in an organic way. The mission will always be to increase the economic and commercial processes of the company in a short time. I recommended it for its high technology, which was Created for this area, the results are successful. We have noticed how it has increased relationships with our clients thanks to the credibility and security that we provide.
    Incentivized
    Read full review
    Pros
    FactSet
    • Easy/clear UI for navigation
    • Easily find and sort through financial filings to get to the data
    • Document search functionality seems to be improving consistently with more robust features
    Incentivized
    Read full review
    Qlik
    • Flexibility in data recording, from the app, as well as in handling them. Allowing you to view reports quickly and effectively.
    • Easy to generate dynamic graphics according to our needs.
    • It is very easy to use, intuitive, so it does not generate costs in the learning process compared to the tool with collaborators
    Incentivized
    Read full review
    Cons
    FactSet
    • The user interface on stock monitor needs work - sometimes I wish to clone the same fields to another tab/watchlist and it appears the best way to do so is recreate it form scratch
    • transcript to be more timely and more accurate
    • on the consensus financial forecast tab, have more segment breakouts like Visible Alpha
    Incentivized
    Read full review
    Qlik
    • Scalability is RAM limited, all data is associative and in-memory so server's RAM is directly proportional to performance
    • Limitation on advanced analytics capabilities in the form of R integration to perform complex statistical and analytical calculations
    • Can have more intuitive interface
    Incentivized
    Read full review
    Likelihood to Renew
    FactSet
    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
    Incentivized
    Read full review
    Qlik
    Qlik Sense is a constantly improving it's software and working with its' users to make it better. They are great at keeping their users informed of progress and care about delivering a quality product
    Incentivized
    Read full review
    Usability
    FactSet
    It does everything I need. It is pretty user friendly and easy to work with whatever technology interface I am using (desk top, notebook, tablet, or mobile phone). I am able to get work done whether I am in the office, at home, or traveling. The user up time is very good. They are rarely doing maintenance when I need to use the platform
    Incentivized
    Read full review
    Qlik
    Qlik Sense has a better and easy to learn user interface compared with other analytics tool which always help us to create regular and adhoc reports within the stipulated time frame and can be easily refreshed at a scheduled time and sent to multiple stakeholders for timely update regarding the Key metrics indicator.
    Incentivized
    Read full review
    Support Rating
    FactSet
    I think the data delivery could be improved, but it's a good data set.
    Incentivized
    Read full review
    Qlik
    Qlik is great for companies with lots of business domains and departments because it scales well, especially if data that is reported is saved in SQL and similar structures. Its ease of use and good UI enables business units to create and manage their own reports. That removes a great burden of creating and managing/modifying these pages from the IT team. Overall, it's a win-win for both IT and business units.
    Incentivized
    Read full review
    In-Person Training
    FactSet
    No answers on this topic
    Qlik
    The instructor was very knowledgeable.
    Incentivized
    Read full review
    Online Training
    FactSet
    No answers on this topic
    Qlik
    The online instructor was very knowledgeable.
    Incentivized
    Read full review
    Implementation Rating
    FactSet
    No answers on this topic
    Qlik
    Hire Qlik consultants. It's better done by them or with their aid.
    Incentivized
    Read full review
    Alternatives Considered
    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 chat/trading features.
    Incentivized
    Read full review
    Qlik
    The customization of the platform opens up plenty of other options depending on the use cases. The API layer is incredibly rich and makes integration of Qlik based visualization into web pages a simple and effective pattern. It's been very easy to use with a great community made up of professionals. Qlik Sense has introduces artificial Intelligence into my data visualization and reporting activity.
    Read full review
    Return on Investment
    FactSet
    • hard to quantify, bc i havent brought any new business bc of it, so the ROI would be 0%. I use other systems for proposals.
    • However, I use it for everyday work and equity/fi analysis and portfolio construction research at ticker level, and that part works 100%.
    Incentivized
    Read full review
    Qlik
    • Once an app is published and running good, we can quickly see the time we save to analyze data.
    • It's hard sometimes to realize the money we save by using this system.
    • People start understanding the power of data and asking more questions.
    Incentivized
    Read full review
    ScreenShots

    FactSet Workstation Screenshots

    Screenshot of PM Hub, which simplifies portfolio management with tools for building, analyzing, and simulating trades for multi-asset class portfolios and exposures. Users can monitor positions in real time with customizable views, ensure compliance, and execute trades through its integration. Link IRN data to foster deeper collaboration between research analysts and portfolio managers.Screenshot of FactSet Internal Research Notes (IRN), which streamlines research with one connected platform. These can be used to organize, share, and analyze everything from market trends to individual securities. Its AI tools help to boost collaboration, enhance workflows, and drive smarter investment decisions.Screenshot of some of the available information which can used to analyze performance, risk, and attribution across multi-asset portfolios. This integrates portfolio, market, and proprietary data into a single platform to streamline workflows, adapt to market changes, and make confident decisions. From stress testing and scenario analysis to AI-driven insights, FactSet provides tools to strengthen portfolio resilience, uncover drivers of performance, and foster collaboration with customizable reports and data sharing.Screenshot of a display of all accounts in one personalized dashboard. Viewers can analyze top positions, spot trends with proprietary signals, and track market-moving events. Access summary stats like total market value and asset allocation across an entire book or by household and strategy.Screenshot of FactSet’s proprietary news, which delivers real-time, focused market insights across regions like the U.S., Canada, Europe, and Asia-Pacific. From stocks to sectors to broad markets, StreetAccount simplifies updates to cut through the clutter. This critical news is available anytime via the Workstation, web, email, app, or API.Screenshot of one of FactSet's unique datasets, Geographic Revenue (GeoRev), used to quickly understand a company's revenue exposure in countries impacted by geopolitical, macroeconomic, and market risk through a highly structured and normalized display of companies' revenues by geography.

    Qlik Cloud Analytics (Qlik Sense) Screenshots

    Screenshot of Qlik Sense Cash Flow DashboardScreenshot of Qlik Sense Global Smart SearchScreenshot of Qlik Sense Smart Data Compression - Get immediate insight on large dataScreenshot of Extend, mix and mash-up with our APIsScreenshot of Add "External data" with Qlik DataMarket - Data as a ServiceScreenshot of Visualization Bundle