NEW YORK OCTOBER 8, 2019 – Canoe Intelligence, a first-of-its-kind technology that eliminates manual data entry for alternative asset investors, today announced that it has been named to A-Team’s Data Management Insight Awards 2019 shortlist for two categories: Most Innovative Data Management Provider, and Best Proposition for AI, Machine Learning, Data Science.
The A-Team Data Management Insight Awards celebrates the very best of the vendors and consultants delivering solutions to data management challenges. Nominations in each category were reviewed by the A-Team Insight editors and the Data Management Insight Awards advisory board to compile a short list, and now readers of Data Management Insight are voting winners in each category.
“Every day, our team helps allocators and institutional investors transform their paper documents into real, actionable data. By combining industry expertise with the most sophisticated technology, our team is actively helping thousands of investment professionals eliminate manual data entry at their firms,” said Seth Brotman, CFA, CEO of Canoe Intelligence. “This new recognition from A-Team proves that we are delivering on our mission and making a difference for our clients and the community.”
Entering alternative investment data manually to feed client reports requires thousands of hours of time monthly, and has been known to cause employee fatigue, frustration and ultimately turnover.
In sub-seconds, Canoe automates the entire manual process: document ingestion from emails or portals, categorization and renaming of files, extraction of relevant data points, validation of data and flagging discrepancies, and delivering data to reporting, accounting and other relevant systems. Moreover, Canoe allows firms to automate these tasks while avoiding ceding control of the process and the data to an outsourced third-party.
Award winners will be announced on December 6, 2019 at a celebratory lunch in London. Today’s news follows Canoe’s recent announcements of client wins and collaborations, industry accolades, and growth.
ABOUT CANOE INTELLIGENCE
Canoe’s technology allows institutions, LPs, and family offices to automate data extraction, document management and other operational processes in order to refocus capital and human resources on business performance and growth. Canoe’s AI-driven platform was developed in 2013 for a billion-dollar, multi-family office and today is relied upon by hundreds of institutional investors, asset owners, administrators, advisors, and family offices. www.canoeintelligence.com