TrustRadius: an HG Insights company

AlphaSense

Score9.7 out of 10

342 Reviews and Ratings

Get a Demo

Contact about AlphaSense

Please fill out the form below to get in touch.

AlphaSense

Connect with AlphaSense

What are you interested in?

Already have an account?

You hereby consent to have TrustRadius share the information supplied on this form with AlphaSense so that AlphaSense and TrustRadius may contact you in regard to the information requested.

What is AlphaSense?

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 India.

Read more details.

Categories & Use Cases

Media

Screenshot of AlphaSense's AI search, available across 2,000+ premium business data sources including SEC filings, earnings calls, broker research, business journals, and news. It can be used to stay ahead of market-moving trends and instantly surface critical information buried within millions of documents.
Screenshot of a single view of the industries, companies and themes within a fully-customizable dashboard, that can be tailored to fit any research process.
Screenshot of a purpose-built generative AI that offers insights from a premium content universe.

1 / 3

Screenshot of AlphaSense's AI search, available across 2,000+ premium business data sources including SEC filings, earnings calls, broker research, business journals, and news. It can be used to stay ahead of market-moving trends and instantly surface critical information buried within millions of documents.

AlphaSense Key Features

Learn about the best (and worst!) features AlphaSense has to offer, as determined by TrustRadius' reviewers.
Based on 342 ratings of AlphaSense's features
View all AlphaSense features

Top Performing Features

  • Independent Research Access

    The ability to access third-party analyses, e.g., Morningstar reports

    Category average: 8.3

  • Search Tools

    The quality and effectiveness of tools to help locate specific and relevant information within the platform

    Category average: 8.3

  • Macroeconomic News

    The quality and completeness of news and information about current macroeconomic events and trends

    Category average: 7.5

Areas for Improvement

  • ESG Data

    The quality and completeness of data on Environmental, Social, and Governance practices

    Category average: 6.1

  • M&A Analysis

    The quality and completeness of mergers and acquisitions filings, news, rumors, etc.

    Category average: 5.8

  • Private Company Data

    The ability to access fundamentals, earnings, or other information for companies that are not publicly listed

    Category average: 5.3

Who Buys & Uses AlphaSense

AlphaSense Reviews

What users are saying about AlphaSense.
View all AlphaSense reviews

AlphaSense A Good RMS For Investment Research

Incentivized
Tim BeyersView profile
Senior Analyst and Lead Advisor in Research & Development at The Motley Fool (201-500 employees employees)

Use Cases and Deployment Scope

AlphaSense is used by The Motley Fool's investing team as a research management system. We use the built-in AI to gather insights on conferences, quarterly earnings reports, and material news related to the companies under coverage. We also publish notes in the system to ensure everyone has the latest thinking from covering analysts.

Pros

  • AI summaries of earnings reports are helpful at a high level, but be wary of repetitive content.
  • AlphaSense handles images and screen captures pretty well, making research notes more useful.
  • Isolating content is pretty intuitive. Example: I can enter a ticker, and under the content options I can click for "transcripts only" so that I'm not endlessly scrolling to find the transcript I want.
  • Audio is embedded with most transcripts so it's easy to listen and follow along in the text, highlighting what I need for later reference.

Cons

  • The AI does a good job of handling one document at a time but often delivers ineffective results if searching for insights over a longer timeframe -- say, a trailing 12 month period.
  • There's no mechanism for uploading documents. (To be fair, AlphaSense has added a feature for *defining* the documents to which you want to limit your search, which is an improvement.)
  • There should be a mechanism to add comments inside my own notes. (Think about how you can add a comment to a sentence or paragraph in Word or Google Docs. Sometimes contextual notes are helpful.)

Return on Investment

  • I don't have a tangible number, but I can say that AlphaSense appears to have been good value as a research management tool. We probably would have spent at least as much as our annual subscription fees to build something a fraction as good.
  • AlphaSense AI has also been quite useful in that its highly targeted at a set of financial data that I need. The AI is far from perfect -- especially when evaluating a multi-quarter set of data -- but it tends to at least source data I wouldn't find on my own.

Usability

Other Software Used

Airtable, Notion, Slack

Industry-leading research tool.

Incentivized
Elizabeth Dreyer
Associate Director, Corporate Strategy at Ford Motor Company (10,001+ employees employees)

Use Cases and Deployment Scope

We use AlphaSense to stay up to date on the latest industry reports, company press releases, and expert interviews in a systematic, comprehensive, and efficient manner. Our use cases range from understanding the latest moves of our competitors to assessing new, adjacent markets that we may potentially enter. We use it to both specifically search for information from our favorite 3rd party sources (e.g., Bank of America Car Wars) and discover new information sources through Generative Search.

Pros

  • Summarizing information across multiple company documents via their new Generative Grid tool.
  • Aggregating the latest insights from diverse sources - broker research, expert insights, company documents, and news.
  • Providing a repeatable way to query information.
  • Smart keywords to help you search, e.g., car = auto = automotive.

Cons

  • It can be challenging at times to find the exact report you want, as links within broker research lead to third-party sites rather than being within the platform.

Return on Investment

  • Faster ability to assess players within a new market.

Usability

Alternatives Considered

CB Insights

Other Software Used

CB Insights, Efficient Elements, think-cell

Alphasense user review.

Incentivized
Tomas Arias
Associate in Finance and Accounting at Carao Ventures (1-10 employees employees)

Use Cases and Deployment Scope

The main use case for Alphasense within our organization is for due diligence and market research purposes. It's primarily used when we are preparing a new investment and want to gain insight into a new market, technology, or trend. The primary issues the product addresses are a lack of consistent information on the open web, a shortage of customer or relevant party interviews, and inadequate financial models. These resources are always utilized when we are preparing for an investment. I would say our scope is somewhat narrow, as we don't delve into market filings or regulatory information that is present within the platform.

Pros

  • Market and industry research, specifically market sizing and participant breakdown.
  • Financial modeling, having easy access to detailed models from companies around the world, is excellent.
  • Expert interviews are excellent the breadth of coverage is extremely impressive.

Cons

  • I believe the AI agent could be improved to answer more detailed questions and provide better data.
  • Access to real time financial data in a similar vein to Koyfin.
  • The ability to easily search across all company decks to be able to quickly gather all relevant slides for a specific topic, similar to what Quartr offers.

Return on Investment

  • 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.

Usability

Alternatives Considered

PitchBook, CB Insights, S&P Capital IQ and Tracxn

Other Software Used

Koyfin, PitchBook

Useful for market competitive and delivery insights

Incentivized
Jenna PhillipsView profile
Managing Consultant in Corporate at PA Consulting (1001-5000 employees employees)

Use Cases and Deployment Scope

I use AlphaSense to do research about and on behalf of clients. The use cases are generally related to gaining market intelligence, understanding the market/public/customer/consumer perception of organizations, and to forecast opportunities and threats. In the course of project delivery work I also use AlphaSense to help clients improve their insights and perspective on their market and opportunities.

Pros

  • Aggregating all the relevant information in one place (company, sector, etc)
  • Summarize findings and informing me of the key insights
  • Providing more information than competitors, especially when it comes to expert interviews

Cons

  • Expert interview digest could be more focused on my companies
  • Creating dashboards or summary pages more easily, perhaps based on a template
  • Suggesting more "if you care about x, consider y" where y is a related or adjacent topic

Return on Investment

  • Faster deliverable timelines with less time spent on research
  • New deals closed due to the insights we can demonstrate
  • More informed about the market, leading to better credibility with clients and colleagues

Usability

Must Have for competitive intelligence teams

Incentivized
Matthew CoblentzView profile
Competitive Intelligence Manager in Sales at Genesys (5001-10,000 employees employees)

Use Cases and Deployment Scope

AlphaSense is used by several departments in our company. Our competitive intelligence team uses it to access sell-side analyst reports about our competition and transcripts of conversations and meetings with analysts and other broker-dealers. We also greatly value the expert interviews that provide a perspective on products, comparisons, and even sales methodologies. That's very valuable.

I have recommended AlphaSense to my colleagues and former colleagues who have go on to other companies. It's a vital part of the competitive intelligence toolkit, if your competitors are public. There is still value even if the majority are not public, as AlphaSense provides some information if a company is in private equity. It's more difficult with the startups, so investigate the offerings.

We love it.

Pros

  • Rapid access to relevant broker information and analyses
  • Ability to tailor dashboards to see new information on a topic or company
  • AI augmentation of the analyses and content available means rapid search results of relevant information

Cons

  • Manual search is still king for finding that one thing, but the search may require boolean logic.
  • Exporting clips of reports can be a bit onerous
  • Configuring dashboards is not intuitive. However, help from the account team makes it easy.

Return on Investment

  • Deeper competitive insights
  • Productivity improvements
  • Broader content access

Usability

Other Software Used

Klue

AlphaSense Alternatives

Products similar to AlphaSense that may also meet your needs.
View all AlphaSense alternatives
PitchBook
CompareLearn more
S&P Capital IQ
CompareLearn more
Bloomberg Terminal
CompareLearn more
FactSet Workstation
CompareLearn more