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Secret Weapon for Investment Professionals
July 25, 2022

Secret Weapon for Investment Professionals

Jack Leung | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with AlphaSense

It is the Google of equity research; its ability to search for specific information about a company/list of companies at one hub makes it stands out. I use it for searching primary source data in financial modeling.
  • Variety of source
  • Accurate and timely information feed
  • Ability to search for information in a relative basis
  • Highlight of search words in results
  • Layout; sometimes hard to preview
  • Inability to generate all company info; e.g. slide from WEBCAST
  • Slow when generating results ; often take 2-3 min even to just preview a 10k
  • Ability to search via list of companies
  • Variety of data source
  • Up to date info
  • Number of publication increases
  • Quality of research report increases; for instance, can do more industry base rather than single name recommendation due to AlphaSense's strong capability to search via lists
  • Readership of reports increase due to more timely info provided by AlphaSense
AlphaSense provides a one hub solution for research/investment professionals to gather necessary information, e.g., company's financials, 10Ks, industry trends/news. However, it lacks its own arm of research/market insight compared to its peers like Bloomberg or Reuters. Not to mention, the server speed, as well as the platform layout, have room to improve when compared to its peers.
Over the last two years, our team has been aware of the new key data and fresh insights featured on AlphaSense, and we have been utilizing this key feature to boost our efficiency to get to know a new company that needs to be analyzed. For instance, when conducting a new convertible issuance, it used to take at least one or two days to conduct the primary research for modeling. However, with the new key data and fresh insights from thousands of credible sources, now our team can assess and conduct the company's valuation at a rate of 30min per company. This translates into less than a month to fundamentally cover the entire small & mid cap universe, i.e., 500-600 companies.
AlphaSense is getting close to Bloomberg Terminal, yet still not yet there, as I have pointed out earlier. By market intelligence, Bloomberg Terminal can conduct more tasks than simple information search. For instance, they have teams of industry coverage or AI to conduct some routine analysis. If I have to suggest, I would say AlphaSense could expand more from the AI side to conduct periodic reports, e.g., earnings, industry trends, market alerts, etc., which can directly compete with Bloomberg.

Do you think AlphaSense delivers good value for the price?

Yes

Are you happy with AlphaSense's feature set?

Yes

Did AlphaSense live up to sales and marketing promises?

Yes

Did implementation of AlphaSense go as expected?

Yes

Would you buy AlphaSense again?

Yes

AlphaSense, if used probably, can eliminate the entry-level analyst. For instance, much info that senior research analysts ask the junior to do or search can be easily compiled on AlphaSense; hence, AlphaSense is a prime key to conducting cost cuts for management. At the employee level, AlphaSense makes one's life way easier, i.e., enhancing daily routine productivity. By employing AlphaSense, employees can have greater flexibility and time to conduct more creative work/research.

AlphaSense Training

  • Online Training
Trainers address the basics, and such training was meant for new users. Instructions are really helpful by providing scenarios that our team will face in our daily tasks. It will be more thoughtful if the training is conducted by case studies so as to allow new users to get first-hand experience during the training.