#1 most frequent
United States of America
85.7%6 installations of 7
What is FactSet Workstation?
The 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 construction to wealth management, the platform adapts to diverse needs, offering configurability and real-time integration within existing workflows. With a focus on productivity and streamlining processes, the FactSet Workstation provides customizable solutions for workflows such as:
For more information, visit www.factset.com.
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 construction to wealth management, the platform adapts to diverse needs, offering configurability and real-time integration within existing workflows. With a focus on productivity and streamlining processes, the FactSet Workstation provides customizable solutions for workflows such as:
• Investment & Quantitative Research
• Portfolio Management & Trading
• Risk & Performance Analysis
• Banking
• Wealth Management
• Managed Services
• Investor Relations
• Private Capital
• Industry Research & Analysis
• Portfolio Management & Trading
• Risk & Performance Analysis
• Banking
• Wealth Management
• Managed Services
• Investor Relations
• Private Capital
• Industry Research & Analysis
For more information, visit www.factset.com.
Categories & Use Cases
Media
1 / 6
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.
Top Performing Features
Macroeconomic News
The quality and completeness of news and information about current macroeconomic events and trends
Category average: 8.1
Search Tools
The quality and effectiveness of tools to help locate specific and relevant information within the platform
Category average: 8.4
M&A Analysis
The quality and completeness of mergers and acquisitions filings, news, rumors, etc.
Category average: 7.6
Areas for Improvement
Independent Research Access
The ability to access third-party analyses, e.g., Morningstar reports
Category average: 8.1
ESG Data
The quality and completeness of data on Environmental, Social, and Governance practices
Category average: 6.4
Private Company Data
The ability to access fundamentals, earnings, or other information for companies that are not publicly listed
Category average: 6.2
Who Buys & Uses FactSet Workstation
#2 most frequent
Canada
14.3%1 installation of 7
Pros
- Seamless integration with Microsoft Excel for data analysis
- Comprehensive aggregation of financial and economic data
- Efficient document search functionality for financial filings
Cons
- Issues with Help Desk and Support accessibility, response times, and technical knowledge
- Lack of sophisticated AI capabilities for modeling and data retrieval
- Challenges with User Interface and navigation for quickly locating information
FactSet Review
Use Cases and Deployment Scope
FactSet is a great one-stop application to use for market data, news, research, modeling, and alerts. During the quarterly earnings reporting season, it is a very valuable tool to stay organized and stay informed when multiple companies are reporting earnings on the same day and I need to stay focused on changes that impact investment decision making. It is also a very user-friendly interface whether working at my desktop, a notebook, tablet or my mobile phone.
Pros
- Excel Integration
- Email alerts
- News and market research
- Economic data
Cons
- Better way to get email news efficiently
- More AI driven Excel modeling
- Better help desk access
Return on Investment
- It is a reasonably good price point compared to competitors
- It is very intuitive and user-friendly
- It saves me time
Usability
Alternatives Considered
LSEG Eikon
Other Software Used
Orion Practice Management System, Redtail CRM, Microsoft 365
Innovative Product and Great Value
Use Cases and Deployment Scope
We use FactSet as our main portfolio analytics and report tool, with access to live pricing, benchmarks, and commonly used ratios to report to our advisors and clients/prospective clients about the strategies we manage. In addition, we use FactSet for investment research, earnings reports transcripts and calls, and access to analyst reports.
Pros
- Live pricing and portfolio monitoring
- Portfolio analytics
- Earnings report logging and analyst estimates
Cons
- Support turnarounds on new features sometimes backlogged
- Occasional connection issues
- Confusing file storage system
Return on Investment
- We were able to end contracts with a few vendors because FactSet provided everything we need for stock screening, modeling, and analytics directly saving us capital that could be repurposed elsewhere
- Having a an all in one system that does everything speeds up training and learning curve for users
- Cheaper than main competitor Bloomberg
Usability
Alternatives Considered
Bloomberg Terminal
Other Software Used
SS&C Salentica
A top-notch financial data repository for buy-side equity analysts
Use Cases and Deployment Scope
FactSet Workstation has provided me with all the essential information I need as an analyst to conduct detailed reports on equity securities. It also allows me to monitor our company holdings in clients’ portfolios with ease of use. By having one place to go, I can keep up-to-date on every equity security and save time from jumping back and forth between a company’s investor relations page and other sources during earnings season.
Pros
- Consolidates large financial datasets
- Provides historical financial data
- Provides real-time price data for most asset classes (equities, bonds, commodities, etc.)
Cons
- AI Capabilities, where FactSet Workstation can quickly provide me with information and consolidate information it holds on its platform
- Can be difficult to find specific information quickly
- FactSet Workstation can be challenging to navigate due to its extensive tools
Return on Investment
- FactSet Workstation has certainly cut down the time it takes to search for specific financial metrics such as CAGRs, valuation ratios, and historical financial data.
- FactSet Workstation has saved time scouring through conference call transcripts and company fillings
Usability
Alternatives Considered
Quartr, Koyfin and S&P Capital IQ
Other Software Used
Quartr, Microsoft Excel, Morningstar Direct
Too much data to verify.
Use Cases and Deployment Scope
Financial estimates from analyst estimates, screening for M&A transactions and capital raises, screening for shareholder rights plans and being able to use the date to complete various analyses. Using FactSet to check financials. We use FactSet often to complete public company analyses is our most likely use cases and is able to quickly do calendar figures even if the company is on an off calendar fiscal year.
Pros
- Market Figures (Stock Price, Ent Value, Equity Value)
- Rights Plan Data
- Screening for Selected Data
Cons
- Often unclear where estimates come from
- Excel popup for formulas is often difficult to use and glitchy
- Providing source of data
Return on Investment
- 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
Usability
Alternatives Considered
PitchBook and AlphaSense
Other Software Used
PitchBook, AlphaSense, Bloomberg Terminal
FactSet Workstation
Use Cases and Deployment Scope
I use FactSet Workstation for portfolio analysis, risk models, equity screening, data management and market monitoring in my role as a portfolio manager. FactSet screens and tools help with generating investment ideas and portfolio attribution. The main problem FactSet solves for our firm is the aggregation of data into one platform. That feature is a huge time saver compared to piece-meal data from several sources.
Pros
- Aggregating financial and economic data
- Adding new features
- Reliability in data and uptime
Cons
- More timely customer service
- Easier uploading of data
- Price negotiation
Return on Investment
- A lot of time savings due to the centralized data
- Risk reporting / insights have saved us a few times
- Incremental performance gains with portfolio analytics
Usability
Alternatives Considered
Bloomberg Terminal
Other Software Used
Bloomberg Terminal
