Item: AlphaSense
Rating: 8
Author: Verified User

Overall Satisfaction with AlphaSense

Use Cases and Deployment Scope

Alphasense doesn't add new information to the table, rather, it makes finding information extremely quick and easy. The value add is convenience. There are some features (like sentiment analysis) that seek to provide new insights, but I do not find these as useful. Its value is in consolidating a bunch of different resources and making it easy to search through (and take notes directly).

Pros and Cons

Pros

News monitoring
Document searching
Note taking

Cons

transcript replays should sync with the location in document (instead of starting from beginning)
it's a little unclear how to make notifications
UX can be unnecessarily complex... AS should just stick to doing what it does best no need to complicate features

Return on Investment

Efficiency is at least 20% faster compared to FactSet or google
Improves confidence
Helps finder deeper cuts of data within the landscape

Usability

Alphasense is way more functional compared to competitor tools like FactSet 'smart search.' smart search is slow, isn't comprehensive, doesn't pull in as many related words, and is in general 'heavier' to use. Alphasense is nimble, quick, sophisticated, and generally gets the job done faster. Would spend way more time in office without it.

AlphaSense Market Intelligence

Alphasense has a feature that enables real-time alerts. I find myself less impressed by this feature. I can set up RSS alerts on most websites that I track, or I receive FactSet news alerts. Both of these are generally faster than Alphasense. However, Alphasense can pull across a broader set of data, so it is a better resource for monitoring more off-the-beaten-path events or topics.

Alternatives Considered

FactSet

I view FactSet as a 'must have' (or Bloomberg), and alphasense as a 'nice to have.' However, the combo of the two is really powerful and I am able to get way more work done vs only having one. Alphasense is quicker and much more sophisticated. However, I think it lacks the same amount of vetting as FactSet.

Key Insights

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?

I wasn't involved with the selection/purchase process

Did implementation of AlphaSense go as expected?

Yes

Would you buy AlphaSense again?

Yes

Other Software Used

FactSet

Likelihood to Recommend

Alphasense is really great for finding all of the times where a company or watchlist of companies talk about specific things - this makes it really easy to follow commentary over time. Also super convenient tables feature for comparing historical financial statements. It could improve its UX, sometimes it feels complicated.

AlphaSense Feature Ratings

Comments

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Sophisticated search software, limited drawbacks