Tackles the financial document overload
July 13, 2023

Tackles the financial document overload

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

Overall Satisfaction with AlphaSense

We use AlphaSense as a search engine in our equity research. By being able to specify the company in question, the sources (public and private) which the search engine should utilize, and selected keywords for the search, AlphaSense is able to compile a highly relevant list of documents. The UI also facilitates quick browsing through the relevant documents. The tool saves us time on searching for documents, and thanks to the transparent input criteria, we gain confidence regarding what information is or is not available.

Pros

  • General search engine for financial documents
  • Quick browsing between documents
  • Search results with relevant synonyms

Cons

  • AI summary gives misleading information
  • Limiting search by quantitative data is lacking
  • Investor presentation subcategory is too broad
  • Quicker competitive position analysis
  • Qualitative screening of investment candidates
  • Access to investor information that companies have removed from their own websites
It's very easy to learn to use thanks to its intuitiveness, and the core function as a search engine works well.
AlphaSense aids us in some form in all steps of our investment research process. A concrete example is the ability to search a large but strictly defined set of documents with keywords. Furthermore, AlphaSense automatically adds relevant synonyms to the search result. With the quick and user friendly interface, this combination allows us to quickly identify and sift through the competitive landscape of products offered by the target company and its competitors. This naturally increases our understanding of the competitive environment and may increase our confidence in an investment candidate or prevent us from erroneously investing in candidate with a weaker than previously thought competitive position.

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

Well suited for tackling the problem of financial document overload. Likely to find the most relevant documents, which allows the user to manually review the documents most likely to answer the question at hand. The AI summary feature is at this stage too unreliable for meaningful use at this time.

AlphaSense Feature Ratings

Public Company Data
10
Private Company Data
Not Rated
Industry and Sector Research
7
Industry-Specific Information
5
Independent Research Access
Not Rated
M&A Analysis
Not Rated
Supply Chain Data
Not Rated
ESG Data
Not Rated
Credit Ratings Reports
Not Rated
Macroeconomic News
Not Rated
Search Tools
9

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