AlphaSense delivers speed, depth and service. It makes sense.
Updated December 13, 2024

AlphaSense delivers speed, depth and service. It makes sense.

Peter Smith | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with AlphaSense

We use AlphaSense to ensure thorough visibility of secondary research materials related to companies and topics of interest. Our two key problems were 1)insufficient time to properly aggregate the high volume of secondary materials (investor materials, press releases, published articles) in a timely fashion and 2)broad access to equity analyst notes.

Pros

  • Relevance filtering of search results
  • Access to equity analyst research notes
  • Pursuit of new value added capabilities
  • Highlighting of keyword searching
  • Easy downloading of materials

Cons

  • Increase ability to share materials with users who do not hold Alpha-Sense seats
  • Increased pricing model flexibility for smaller organizations
  • Ability to quickly select pages of research documents (requiring credits) for download without have to access each page first
  • Efficiency and productivity in research
  • Deeper insights due to crucial data found
The UX is good and relatively intuitive. My favorite features are color coding of material type (research vs. company materials, etc.) and the highlighting of keywords and relevant sections. The search capability is easy to use and the ability to time restrict the search is critical. The automated alerts far exceed Google Alerts in that I receive much less duplication (though there is some). AlphaSense has recently added an AI chat feature to search in natural language which has dramatically helped find relevant information without have to search through documents.
AlphaSense has provided us with a well-rounded view of market-related actions. The ability to monitor information from various types of sources and easily sort materials has delivered deeper insight and more confident analytical assessment. Much of what we obtain through AlphaSense is available elsewhere, but the speed through AlphaSense allows us to focus our time on other areas. AlphaSense also offers Expert Transcripts which can be helpful to get more context on certain industries or companies than you will find in published materials.
We found the entire customer experience to be significantly better with AlphaSense than with Refinitiv. There are three key areas where AlphaSense was superior: 1. The price of AlphaSense was also lower and a better value 2. The user interface was more intuitive and faster to access valuable content 3. The service and relationships with AlphaSense employees (They always proactively offer training, search support, and more)

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 is well suited to rapidly increasing knowledge about public companies or broad topics of interest. It centralizes and speeds access to investor releases and secondary articles. The ability to create dashboards around topic interest or companies is helpful and the ability to set curated alert emails are helpful. As you might expect, information about private companies is more limited and therefore AlphaSense thus far delivers less value in this area. We have not used the built-in collaboration tools though there is value for an organization with multiple seats.

AlphaSense Feature Ratings

Public Company Data
7
Private Company Data
2
Industry and Sector Research
9
Industry-Specific Information
8
Independent Research Access
8
M&A Analysis
7
Supply Chain Data
7
ESG Data
7
Macroeconomic News
9
Search Tools
9

Using AlphaSense

2 - The seats held are used in a Research capacity and filtered information is then shared to other appropriate functions, as appropriate. The seat owners are on client engagement teams across various industry verticals. We would get more use out of the product if AlphaSense offered rotating seats. Today, it is a bit of a chokepoint.
We rely on AlphaSense support staff to assist with the creation of dashboards, custom searches, or other experts when necessary. The platform is intuitive enough for the average person to extract value without specialized training. AlphaSense is very proactive about offering training or search support. They are happy to demonstrate features or even run searches for you if you request.
  • Monitoring of investor materials
  • Rapid learning of new topics
  • Access to limited availability content from equity analyst research
  • Identifying interesting industry experts to connect with
  • Easily export data from annual reports into excel
  • AlphaSense acquired Stream and Tegus which offers access to expert transcripts. As that content pool expands the overall value of the platform does too.
We have renewed our seats for several years and will likely renew again next year. We get a great deal of value from AlphaSense and likely could get more if we had a dedicated researcher who could gain expertise around the platform.

Evaluating AlphaSense and Competitors

Yes - We replaced Refinitiv Eikon. We had had a subscription to that for a number of years but it got very limited usage. Partly because we had only one license and no one was familiar with who held the license. The tool was difficult to navigate, it had a horrible UI. The service wasn't great either.
  • Ease of Use
  • Other
We were not happy with the value we were getting from our prior software. It was difficult to navigate and often required additional purchase of the equity analyst notes we were looking for. AlphaSense had a much better user interface and had very good content around equity analyst notes, which is valuable. The price was lower and the overall service was better.
I would not change our evaluation and selection process. We had a trial with several users and we were able to compare the feature set and user experience directly across the two platforms. Across the evaluation criteria it was a clear advantage for AlphaSense and the economic business case was easy to write.

AlphaSense Training

Our online training was led by a AlphaSense representative. The training is always good. The bigger issue is our time availability to remember the training and utilize it. The trainers will show us examples and then ask us for real industries or companies of interest to use so that the training is most relevant.

AlphaSense Support

AlphaSense checks in on us regularly. AlphaSense offers us training and even volunteers to help us design searches to get more value. I spent time with AlphaSense staff a few years ago and told them we would love a rotating user seats. While they could not do that, they did create an option for us to give individual user logins to our users to browse through the expert transcripts and plug in a code to purchase them. That immediately created more value for our company by reducing the chokepoint effect that happens with only two license holders, while still abiding by the terms of agreement. We were grateful for their efforts to make the system more usable for our firm (and others).
ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
I did not. I don't believe that is an option offered by AlphaSense and certainly has not felt needed on our side.
AlphSense always provides great support. We have dealt with numerous representatives over the years and each is professional, knowledgeable, and eager to help. We have only had positive experiences. AlphaSense is a great platform that continues to develop. It is supported by talented and friendly people who genuinely want to improve our usage of the product.

Using AlphaSense

ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Familiar
None
  • entering in a company ticker symbol
  • filtering the type of results listed
  • downloading materials
  • I wish I could share information via email with teammates that don't have a license.

AlphaSense Reliability

It's a simple web portal that requires a user login. Other than training there isn't much of an install required to scale it. The system allows users to share content and notes with each other (the only requirement is that they each have a license). I see no impediments to scaled usage other than user training.
I have not experienced am outage or inconvenient maintenance period in the several years I have used AlphaSense. The system is responsive and available when I need it. I have not experienced any application errors or other useability issues like software bugs or interface glitches. The site is smooth and fast.
The site works as quickly as your internet speed, it seems. When you use the AI chatbot there is a delay on the results but it is consistent with the delay often found on ChatGPT and other AI engines. The page loads are acceptable and I have not experienced any lag in the system. I have used the site on both wifi and wired networks.

Integrating AlphaSense

  • Microsoft OneNote
I believe AlphaSense does support integration with One Note as well as other systems.

Relationship with AlphaSense

They gave us clear pricing and explained the process. They were very generous with trial licenses and training. The sales representatives were professional and it was easy to get signed up, transact, and implement. It was a positive experience. I'm sure it could be more complicated for a larger organization that was purchasing dozens of user licenses.
We have never had an issue with AlphaSense. They have been easy to work with from invoicing, account / user configuration, training and support, they do what they say and we get what we expect. It is a positive experience to work with AlphaSense. They will provide you a representative after the sale to ensure you are taken care of.
We received fair terms in our first year. We were able to work with them on pricing a little in exchange for comittments. Later we asked for a way to allow our non-license users to have access to some expert content for a fee and they created a model that would enable that. It has worked well.
It has been very simple. Contract terms are standard for an online portal. Of course, I would like unit pricing to be lower so I could get more users on the license or to rotate seats to get more value out of each license. Billing frequency has been standard as well. This could be more significant for a larger customer.

Upgrading AlphaSense

Yes - It's a cloud based platform so updates are generally minimal. AlphaSense will announce updates but it's usually at the feature level. For example, when they introduced the new AI feature it was labeled as a beta feature. There is no concern with upgraded releases from an IT perspective. I have no concerns about the quality of the releases from a user interface perspective either.
  • AI search feature!
  • Continued improvement in searching content as well as saved notes using AI engine.
  • Continued expansion of transcript library

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