Best research tool available
October 26, 2023

Best research tool available

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

Overall Satisfaction with AlphaSense

I use AlphaSense on a daily basis to conduct research on companies I cover in banking. This research primarily centers around searching through broker research, earnings transcripts, and filings to look for key phrases and metrics. Normally, looking through these filings manually is challenging due to terminology varying between filings as well as disparate sources where I'd normally have to search. AlphaSense aggregates it all into a single application and makes it easy to search all documents simultaneously by finding semantic matches instead of just exact matches.

Pros

  • Semantic matches for searches
  • Queries all documents simultaneously instead of one at a time
  • Easy to use interface allows me to quickly duplicate searches across companies

Cons

  • Responsiveness of platform
  • Speed of loading documents
  • Document preview glitches and batch downloads
  • Efficiency gained in terms of time saves searching through documents
  • Higher quality research with better sources used as evidence
  • More effective data validation with sourcing research documents
Alphasense's intuitive interface allows me to get repeatable control over the searches that I'm running. I can modify any specific criteria during a search to control what data is presented at various points in the process, and then repeat it across multiple companies. As compared to something like Bamsec by Tegus, the AI functionality during search makes it significantly more usable and useful as a tool. This being available by default makes my life significantly easier. If it wasn't for the high webpage overhead, high latency, and limited navigation in the iframe, I would use it for more of my job tasks.
My team doesn't use AlphaSense to analyze our competitive landscape, it is mainly used as a research tool to pull Broker research and go through company filings.

Do you think AlphaSense delivers good value for the price?

Not sure

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?

I wasn't involved with the implementation phase

Would you buy AlphaSense again?

Yes

AlphaSense is well suited to handle benchmarking and research exercises spanning multiple different types of documents. It is effective at matching phrases and the semantic meaning of searches instead of the literal phrase matches. It is an effective tool that makes it easier for me to find the exact information I'm looking for or validate exhaustively that it doesn't exist.

I would say that when it comes to sourcing documents where you know the information is there / exists, it isn't as useful as the latency and webpage overhead prevents you from quickly accessing information.

AlphaSense Feature Ratings

Public Company Data
10
Private Company Data
7
Industry and Sector Research
5
Industry-Specific Information
3
Independent Research Access
8
M&A Analysis
5
Supply Chain Data
Not Rated
ESG Data
Not Rated
Credit Ratings Reports
8
Macroeconomic News
10
Search Tools
10

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