FactSet

FactSet, also known as FactSet Research Systems Inc., is a US-based provider of software services and financial data. It offers in-depth financial data on markets and businesses, enabling users to track international markets and conduct comprehensive evaluations. The data helps institutional investors make investment plans.

FactSet company offers client assistance and education, implementation services, business consulting, data delivery, portfolio data management, index services, and transition services. With a slightly different user interface, FactSet offers multiple features and options similar to those of Bloomberg. Its services and products immensely help finance professionals and investor communities to a great extent.

FactSet is one of the leading global financial data and technology providers headquartered in Norwalk, Connecticut, USA. Businesses all over the world rely on real-time analytics and market insights. The company's services are in high demand, which peaks at critical moments like market shifts, technological advances, national elections, etc.

Founded in 1978, it is a financial data and analytics company that offers analytical applications and integrated financial information to investors in America, Africa, Asia Pacific, the Middle East, and Europe. The business offers workflow solutions for research, content analytics, trade, and technology solutions that deliver insights and information. It serves wealth advisers, asset managers, investment banks, corporate clients, portfolio managers, and other financial services organizations who use it for better financial analysis and reporting.

FactSet company has extensive resources to support businesses' most important initiatives. It includes initial deployment through navigating organizational changes, storing and indexing data, outsourcing reporting, streamlining research, testing ideas, and growing the client business. The company assists its clients in managing risk, maximizing their portfolios, and making better financial decisions by offering timely and reliable market data and analytics. Media professionals and financial journalists utilize the company's data and analytics capabilities to report on financial markets and trends. All of the above contribute to the company's solid reputation as a quality, accurate, reliable information and analytics provider.

The company has three central teams that look after its functions – the leadership team, the board of directors, and the CEO & executives team. FactSet is led by the Chief Executive Officer or CEO, who has a number of prominent executives operating under him. There is a chairman and other directors, comprising a board and advisors. It uses a decentralized organizational structure to encourage creativity, teamwork, and agility. The organization is split into various business units, each concentrating on a particular facet of the financial sector. They include data, risk management portfolio analytics, and financial research.

The company's decentralized structure allows numerous teams and business units to collaborate effectively and share knowledge. This helps to guarantee that the business's goods and services are ahead of market trends. It provides customers with access to the most recent discoveries and insights.

The company offers various services, and some of its professional services are listed below.

#1 - Business Advisory Services

It provides consultative advice, manages data, takes care of periodic reports, and makes the entire process hassle-free for clients. The time saved in the process is further utilized for strategic projects. It helps manage the creation and distribution of large amounts of content. In addition, the company also provides the required technical setup and assistance to match the client's business needs.

#2 - Market Data Analytics

It provides customizable workflow solutions that help integrate the company's content with its applications, portals, databases, etc. It saves time by aggregating and analyzing information. By doing so, the company enables the investment community to explore future investment opportunities.

#3 - Data Consolidation and Delivery 

The company gathers data from different sources, consolidates them, and then delivers the organized information related to the financial market to institutional investors. This FactSet data analytics service helps in thorough financial analysis and reporting, thereby enabling market players to make well-informed and wise investment decisions. 

#4 - Indexing Services 

The company provides geographic revenue exposure and supply chain data. Additionally, it provides various indexes that are investable, relevant, and differentiated. It has also co-developed indexes with regional and global index providers such as the famous S&P Dow Jones and NASDAQ.

#5 - Portfolio Data Management

FactSet preserves clients' data, thereby tracking, reconciling, and managing it for conclusions and advice based on the consolidated information. The company has a well-equipped infrastructure to conduct data checks, both pre- and post-calculations, to get a clear picture of expected financial performance.  

Bloomberg and Capital IQ are FactSet competitors that provide similar services, yet they differ in certain aspects. Let us check out the differences between the three below: