TrustRadius Insights
FactSet is a versatile tool that has found great utility in the field of financial research and modeling. Users have reported positive …
Overview
What is FactSet?
FactSet is a provider of financial data and analytic applications for investment management and investment banking professionals.
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Product Details
- About
- Tech Details
What is FactSet?
FactSet is a provider of financial data and analytic applications for investment management and investment banking professionals.
FactSet Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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Reviews and Ratings
(43)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
FactSet is a versatile tool that has found great utility in the field of financial research and modeling. Users have reported positive experiences with the core functionality of FactSet, which enables efficient analysis and reduces work time. One key use case of FactSet is to find firmographic information about public companies for recruitment and retention purposes. By providing comprehensive data on companies, FactSet assists users in making informed decisions about potential candidates and evaluating industry trends.
Another important use case of FactSet is its role in verifying and enhancing data related to companies in the financial services industry. The product's integration with CRM and other tools such as Excel adds value by allowing for seamless data transfer and analysis. Additionally, the robust and stable API of FactSet empowers users to conduct better data analysis and export relevant information to Excel for further manipulation.
FactSet components have also proven beneficial in consolidating accounting objectives and integrating with other solutions. Users appreciate the ability to track competitors, leveraging FactSet's capabilities in conjunction with MS PowerPoint and Excel for presentations and data visualization. FactSet is regarded as a valuable resource within the financial research community, delivering relevant insights and facilitating efficient workflows for users across various sectors.
Comprehensive Financial Research Platform: Several users have found Factset to be a comprehensive financial research platform that offers extensive data on public companies and other publicly available information. They appreciate the tool's ability to provide organizational information about the financials tied to publicly traded companies, including revenue, employee count, primary contacts, funding rounds, stock trends, and corporate hierarchy.
Intuitive User Interface: Many reviewers have praised Factset for its intuitive user interface. They find it easy to navigate and quickly access the entire dashboard to view financial records for comparative analysis. This user-friendly interface enhances their overall experience with the platform.
Prompt Customer Service: Users are impressed with Factset's prompt customer service. They appreciate the timely assistance provided by the support team whenever they encounter any issues or have questions regarding the platform. The responsive customer service contributes positively to their satisfaction with Factset as a financial research tool.
Long Load Time: Some users have complained about the tool taking a significant amount of time to load, causing inconvenience for them.
Discrepancies in Numbers: Several reviewers have noticed discrepancies between the numbers provided by the tool and the actual balance sheets of companies, leading to doubts about its accuracy. However, users appreciate that the FactSet team promptly addresses these issues when raised.
Limited Portfolio Management Features: Users find that the portfolio management features offered by FactSet are not as robust as those provided by Bloomberg, especially in terms of backtesting and risk analysis. Additionally, some users feel that there is a lack of proactive offerings for free trials.
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Reviews
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March 20, 2023
Robust integration with our CRM
FactSet is a tool that has add-ons to work with links with other tools such as Excel and our CRM. The database for the analysis is huge and allows to reduce the work time. In addition, it has a robust and stable API that also guarantees better data analysis with statistics that can be exported to Excel without problems.
- Integration with our CRM
- Integration with Excel
- To obtain better projections it is necessary to use several plugins.
- The interface is not intuitive.
- The API is robust
- Integration with our CRM is a feature that has helped to make better automations.
- We achieve favorable results with the integration with our CRM.
- Integration with Excel reduces work time.
30
20
- The good customization and good understanding it offers of our finances ensure that we have a good experience with FactSet.
- Perfect software for our financial research, it generates good data results and good proactive features.
December 28, 2021
Integration with MS Powerpoint
The FactSet components have consolidated the accounting objectives with scalable projections, we have our CRM with such integration with other solutions and FactSet is one of the easiest to integrate. It is a database that helps us implement higher-level competitor tracking. At present it is being used to fulfill integrations with MS Powerpoint and also with Excel and the FactSet capabilities are always relevant to the company.
- Integration with MS Powerpoint.
- FactSet is a scalable tool.
- Consolidation with plugins.
- The FactSet plugins allow better scalability and response to database problems and together with the integration with MS Powerpoint are the reasons to continue optimizing our response to the growth of the demand.
- Integration plugins help to get work done faster.
- The scalability of FactSet is amazing and increases the return on more investments.
- Integration plugins help to get work done faster.
- The scalability of FactSet is amazing and increases the return on more investments.
December 15, 2021
best competitive intelligence and account planning intelligence tool
Integration with CRM, Intelligence dashboard for outside-in view, feeding in data in an online account planning tool, etc. The business problem is auto-populated outside insights and the scope is covering the 27000 accounts across the board
- curating outside in intelligence
- enabling account plans target addressable market estimation
- competitors tracking
- value proposition pitching
- RFP deal support
- real time updation across the deal making perspectives
- competitive intelligence categories
- offerings and capabilities mapping
- KPIs assessement
- Big bets intelligence especially around large deals
- Stress Test
- Competitive tracking
- TAM building block in account management
- High quality sales pitches
- stress tested competitive revenue models
- outside in views for all selling and marketing stakeholders
Global Data, AlphaSense, Hoovers, S&P, etc.
February 23, 2020
FactSet is decent
FactSet is used for verifying and enhancing data related to companies in the financial services industry. I primarily update existing accounts in our CRM.
- Industry News
- Corporate structure
- Faster load time
- API integration
- Up to date data on Assets Under Management
- Intelligence on account structure
FactSet offers the most comprehensive info on industry-specific accounts. We don't currently have plans to leave.