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FactSet Workstation Reviews and Ratings

Rating: 8.2 out of 10
Score
8.2 out of 10

Community insights

TrustRadius Insights for FactSet are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Comprehensive Financial Research Platform: Several users have found Factset to be a comprehensive financial research platform that offers extensive data on public companies and other publicly available information. They appreciate the tool's ability to provide organizational information about the financials tied to publicly traded companies, including revenue, employee count, primary contacts, funding rounds, stock trends, and corporate hierarchy.

Intuitive User Interface: Many reviewers have praised Factset for its intuitive user interface. They find it easy to navigate and quickly access the entire dashboard to view financial records for comparative analysis. This user-friendly interface enhances their overall experience with the platform.

Prompt Customer Service: Users are impressed with Factset's prompt customer service. They appreciate the timely assistance provided by the support team whenever they encounter any issues or have questions regarding the platform. The responsive customer service contributes positively to their satisfaction with Factset as a financial research tool.

Reviews

14 Reviews

Reliable efficient and functional

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

I use FactSet primarily to get the latest earnings transcripts and financial data of peer companies for further analysis.

Pros

  • Easy to set up
  • Easy to navigate
  • Well structured

Cons

  • Maybe the ability to take screenshots
  • Maybe the ability to see earnings dates of a long list of peers at one single place

Likelihood to Recommend

It's great for general as well as specific use cases

VU
Verified User
Strategist in Corporate (10,001+ employees)
Vetted Review
FactSet Workstation
2 years of experience

Too much data to verify.

Rating: 6 out of 10
Incentivized

Use Cases and Deployment Scope

Financial estimates from analyst estimates, screening for M&A transactions and capital raises, screening for shareholder rights plans and being able to use the date to complete various analyses. Using FactSet to check financials. We use FactSet often to complete public company analyses is our most likely use cases and is able to quickly do calendar figures even if the company is on an off calendar fiscal year.

Pros

  • Market Figures (Stock Price, Ent Value, Equity Value)
  • Rights Plan Data
  • Screening for Selected Data

Cons

  • Often unclear where estimates come from
  • Excel popup for formulas is often difficult to use and glitchy
  • Providing source of data

Likelihood to Recommend

Often has data where other sources would not have Well suited for large sets of data and analyses on public company data with a lot of public companies, getting the formulas to pull data is very helpful and saves a lot of time. Less appropriate for pulling investor data and co-investment data that Pitchbook seems more suited

VU
Verified User
Analyst in Finance and Accounting (51-200 employees)
Vetted Review
FactSet Workstation
3 years of experience

Integration with MS Powerpoint

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

The FactSet components have consolidated the accounting objectives with scalable projections, we have our CRM with such integration with other solutions and FactSet is one of the easiest to integrate. It is a database that helps us implement higher-level competitor tracking. At present it is being used to fulfill integrations with MS Powerpoint and also with Excel and the FactSet capabilities are always relevant to the company.

Pros

  • Integration with MS Powerpoint.
  • FactSet is a scalable tool.
  • Consolidation with plugins.

Cons

  • The FactSet plugins allow better scalability and response to database problems and together with the integration with MS Powerpoint are the reasons to continue optimizing our response to the growth of the demand.

Likelihood to Recommend

Integration with MS Powerpoint is one of my first recommendations, it is an advance to be able to integrate FactSet with other products to be able to expand the capacity of accounting departments. The scalability of FactSet is amazing and is related to its integration plugins. The ROI achieved through FactSet also continues to motivate me to recommend it.

JD
Jesica Danie Moore
Senior Account Manager in Finance and Accounting at General Motors (10,001+ employees)
Vetted Review
FactSet Workstation
2 years of experience
View profile

Robust integration with our CRM

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

FactSet is a tool that has add-ons to work with links with other tools such as Excel and our CRM. The database for the analysis is huge and allows to reduce the work time. In addition, it has a robust and stable API that also guarantees better data analysis with statistics that can be exported to Excel without problems.

Pros

  • Integration with our CRM
  • Integration with Excel

Cons

  • To obtain better projections it is necessary to use several plugins.
  • The interface is not intuitive.

Likelihood to Recommend

FactSet is the most suitable platform for the fulfillment of the projections of the company, it allows a good data analysis, it complies with integrations with our CRM, it is also easy to integrate with Excel for a better reading of data when exporting the graphs, I have a Robust and easy-to-use API. The interface may not be the best, but I think the functions, in general, have met my demands.

VL
Vee Larsen Temmel
Accountant in Finance and Accounting at Mr. Cooper (5001-10,000 employees)
Vetted Review
FactSet Workstation
2 years of experience
View profile

best competitive intelligence and account planning intelligence tool

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

Integration with CRM, Intelligence dashboard for outside-in view, feeding in data in an online account planning tool, etc. The business problem is auto-populated outside insights and the scope is covering the 27000 accounts across the board

Pros

  • curating outside in intelligence
  • enabling account plans target addressable market estimation
  • competitors tracking
  • value proposition pitching
  • RFP deal support

Cons

  • real time updation across the deal making perspectives
  • competitive intelligence categories
  • offerings and capabilities mapping
  • KPIs assessement
  • Big bets intelligence especially around large deals

Likelihood to Recommend

the possible trajectory of an array of markets and asset classes in the context of the COVID-19 pandemic and the policy responses scenario, structural, easy-to-parametrize approach to evaluating the possible recovery paths scenarios, ability to quantitatively assess the likelihood of such scenarios. modification of the Fed-Model, offering a Monte Carlo-based reverse stress test framework, led scenario building

AK
Avishek Kumar
General Manager in Product Management at HCL Technologies (10,001+ employees)
Vetted Review
FactSet Workstation
4 years of experience

FactSet is decent

Rating: 7 out of 10
Incentivized

Use Cases and Deployment Scope

FactSet is used for verifying and enhancing data related to companies in the financial services industry. I primarily update existing accounts in our CRM.

Pros

  • Industry News
  • Corporate structure

Cons

  • Faster load time
  • API integration

Likelihood to Recommend

FactSet is good for researching the financial industry. There are some other industries, but primarily, this site is for users in finance.

VU
Verified User
Administrator in Marketing (51-200 employees)
Vetted Review
FactSet Workstation
1 year of experience