AddSearch is a hosted search tool for any website from the company of the same name in Helsinki. It is presented as fast and able to works on all devices to give users full control. The vendor states users of AddSearch will experience an instant search with a modern and beautiful interface. The system has been built to scale to large amounts of users all across the globe.
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AlphaSense
Score 9.7 out of 10
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AlphaSense is a market intelligence platform used by companies and financial institutions. Since 2011, their AI-based technology has helped professionals make business decisions by delivering insights from public and private content—including company filings, event transcripts, news, trade journals, and equity research. The platform boasts users among 4,000 enterprise customers. Headquartered in New York City, AlphaSense employs over 1,000 people across offices in the U.S., U.K., Finland, and…
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Pricing
AddSearch
AlphaSense
Editions & Modules
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Pricing Offerings
AddSearch
AlphaSense
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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AddSearch
AlphaSense
Features
AddSearch
AlphaSense
Financial Research
Comparison of Financial Research features of Product A and Product B
We're very happy with the search results, and even better, the ability to impact the actual results with their weighting and priority tools. The integration was easy enough, but the expectations during the sales process was that the AddSearch team would handle more of the implementation. At the end of the day this wasn't a huge deal due to our internal engineering team, but is a caveat for others. We're happy to see continued development of the product and the infusion of AI in the feature set.
AlphaSense is very well suited to investing teams that need a research management system that has a robust database behind and rich content management features for note-taking. AlphaSense may not be well-suited to individual investors who want data access but don't need to be sharing notes to a wider team. The sharing features are what make AlphaSense most useful.
AlphaSense is a very useful tool and is reasonably priced for our organization. While I may not be a hyper-active user, it's a great resource when I need to quickly do a competitive landscape survey, review publicly available documents (transcripts, etc.), or review Wall Street research
For my daily work AlphaSense is inevitable, as it holds a real added value compared to most of the CI platforms. It really makes my work more efficient and contributes to better strategy and decision making in the company. Datalog is available up to 15 years, which is a real advantage compared to other CI platforms that can only start competitor monitoring following the signature of the agreement.
The availability of Alphasense is great. I have used the software for multiple years and cannot remember ever having an outage issue. This is surprising actually, as I use other software applications that do not have regular outages, but still have outages periodically. Alphasense, on the other hand, never seems to have any outages. Good sign if I can't remember the software not working :).
Loading or performing searches on AlphaSense platform is reasonably fast for most of the time. However, it is sometimes unacceptably long for me to load PDF files (earnings presentation, supplementary financial report) on AlphaSense. Certain features might also take very long time, such as loading for "similar tables" across EDGAR filings, or downloading tables from EDGAR filings
Customer support is very prompt. I get personalized support for search recommendations and content that I could not find in my own search. Support checks in with me on a bi-monthly basis to keep me informed of the many different feature additions, I cannot find a more kind, understanding, and supportive team.
The person was prepared, attentive, understood the nature of my questions, was willing to work through any difficulties or misunderstandings, was patient, and super pleasant to work with. Great customer service.
Trainers address the basics, and such training was meant for new users. Instructions are really helpful by providing scenarios that our team will face in our daily tasks. It will be more thoughtful if the training is conducted by case studies so as to allow new users to get first-hand experience during the training.
AddSearch was not as customizable as the other solutions we looked at, but it was also seemed to be the easiest to integrate. Ultimately, the integration time took longer than expected, but was still relatively easy. The interface was an easier to use interface than the competitors we looked at. Price was also a factor as AddSearch was a lower cost.
Compared to FactSet and PitchBook, AlphaSense is a good tool to fill my suite of financial analysis. PitchBook is superior for private company and transaction data, as well as screening for similar companies (the sourcing feature of the job). FactSet is superior for financial analysis for public companies, as well as charting data. AlphaSense is superior in research for documents and deep dive industry research (mostly qualitative) and grabbing data from financial documents
The sharing features provides by AlphaSense mean that it can be readily scaled for teams within an organization and, subject to compliance requirements, with client organizations. The ability to share annotations of transcripts and investor releases is valuable, and facilitates collaboration between analysts.
Research speed has now increased to a single day, allowing us to find everything we want about an industry, compared to 3-5 days before with Alphasense.
Comps analysis, gathering detailed financial information, is now seamless and can be completed in less than 1 hour, compared to 1-2 days.
Expert interview access, before Alphasense, we had no way of including this into our analysis. This has significantly improved the quality of our decisions and research.
