FactSet Workstation vs. PitchBook

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

PitchBook could be a one-stop shop for private markets research needs. Again, their analyst notes and industry reports are top notch and they are now on the leading edge of bringing their intellectual capital into the evergreen space. As for shortcomings, I have found data is often sparse for mid-tier or emerging managers and, it's not always clear where the data comes from (public filing, self-report, etc.).

Incentivized

• 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

• Historical deal dynamics detailing pricing and financing as well as which parties worked on the transaction
• Initial screenign on public and private comparables
• Breadth of private companie details including descriptions, financials, etc.
• Ability to filter / sort and eventually export details on private companies

Incentivized

• 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

• It would be nice to have the best parts of the deal tab merged into the general information tab for a company.
• If possible, gather more information on certain executives. There are use cases where our clients want us to research candidates who may not have much information on LinkedIn or RocketReach.

Incentivized

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

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

I think its a great platform as is. Its usable and we get most of the information as and when we need. I don't like the landing page after login, so I don't like to go to PitchBook every day to review daily updates on the industry. It's way too cluttered and requires MFA every time

Incentivized

I think the data delivery could be improved, but it's a good data set.

Incentivized

The overall support for PitchBook is about average. It is not excellent for two primary reasons. First, PitchBook can run slow from time to time, and I cannot copy and paste from the Chrome extension. I have found neither of those issues to be a function of the computer I am using. However, the PitchBook support team has proved helpful on several occasions.

Incentivized

did not participate

Incentivized

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

FINTRX is good at identifying family offices and, similar to PitchBook, adding new groups to the site consistently and often. However, the quality of leads on FINTRX was poorer in general, and it was more difficult to identify investment theses and appetites for the family offices which we did identify (including industry, target return profile, etc.). Whether this be due to the quality of the FINTRX platform or just due to the generally opaque nature of family offices, I am not sure, but PitchBook generated higher quality leads more frequently.

we can give access to anyone interested

Incentivized

• 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

• It probably saves us 2 hours a week.
• It gives us data that we can trust, which is worthwhile. Other than PitchBook most of our data would come from a news report or website with questionable validity.
• They have the most complete data set you could ask for. So, when researching what's the best VC to introduce to a startup, if you use PitchBook, you can be sure you searched from the full list of VCs. Other tools are piecemeal so you can't ever be sure you got them all.

Incentivized