Item: FactSet Workstation
Rating: 9
Author: Verified User

Overall Satisfaction with FactSet Workstation

Use Cases and Deployment Scope

I am a senior equity research analyst and I use it to research stocks.

Pros and Cons

Pros

Stock quotes
Transcript
Basic background information on a company

Cons

The user interface on stock monitor needs work - sometimes I wish to clone the same fields to another tab/watchlist and it appears the best way to do so is recreate it form scratch
transcript to be more timely and more accurate
on the consensus financial forecast tab, have more segment breakouts like Visible Alpha

Return on Investment

FactSet Workstation is essential to my work - let's just say I use it daily and feel more comfortable having it on in the background
Consensus info and transcripts are the go to feature
Newsflow is a third I use FactSet Workstation for - but would like it more if they provide more details like Visible Alpha

Usability

FactSet Workstation is a sound option for equity research, I have used other financial market tools and the value it provides is solid.

Bloomberg has more info/data than FactSet Workstation which I pointed out earlier. To be fair, I believe Bloomberg is more expensive.

Refinitiv - I have used Thomson Reuters Eikon in the past and I did not like the inflexible interface, FactSet Workstation is much more flexible. To be fair, Refinitiv may have made some upgrades since but my mental impression still lean towards FactSet Workstation because of ease of use.

Key Insights

Do you think FactSet Workstation delivers good value for the price?

Yes

Are you happy with FactSet Workstation's feature set?

Yes

Did FactSet Workstation live up to sales and marketing promises?

Yes

Did implementation of FactSet Workstation go as expected?

Yes

Would you buy FactSet Workstation again?

Yes

Other Software Used

BlueMatrix, Microsoft 365

Likelihood to Recommend

FactSet Workstation is great for equity research. It is very simple to use and has the most crucial items an analyst needs. Wish it can bridge some of the gaps a Bloomberg Terminal can provide such as the search function and most importantly the chat function. You can easily find an investor on Bloomberg and get the contact info to do more research, it's basically non-existent on FactSet Workstation.

Also, I use the FactSet Workstation news function and a lot of times, the news are a repeat of the same thing through the day. I feel like reading the same thing. Better to send one less update if the customer/user already read it.

FactSet Workstation Feature Ratings

Comments

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FactSet Workstation is a solid and reliable tool for equity research