NEW YORK/LONDON – May 29, 2019 – Canoe Intelligence, a first-of-its-kind technology that eliminates manual data entry for alternative asset investors, today announced that it won the 2019 “Transforming the Workforce” award given by the The Financial Services Forum for their extensive contributions to improving the way institutional investors can manage their operational workflows.
The award spotlights the very best product and service innovations in the financial services industry based on their ability to deliver tangible benefits for customers and providers, according to The Financial Services Forum. Canoe’s winning entry was announced at The Financial Services Forum Product and Service Innovation Awards Dinner on Thursday, 23 May, 2019, at the Museum of London, United Kingdom.
“Canoe is honored to be recognized by The Financial Services Forum for the positive impact we are having within the institutional investment community,” said Canoe CEO, Seth Brotman, CFA. “By collaborating with our clients and partners, we have built technology that empowers investment professionals with the tools to eliminate manual data entry, and provides the industry with a completely new way to operate.”
Today’s institutional investors and family offices manage complex portfolios that often include scores of alternative investments such as hedge funds, private equity, and venture capital. As a result, these firms are inundated with thousands of email, web-based and PDF documents containing hundreds of thousands or millions of transaction, valuation, and performance data points. Manually converting these critical, data-rich documents to productive digital formats can cost investment firms as much as $4 million annually according to recent research.
Canoe’s technology was incubated and implemented within a billion-dollar, multi-family office and is now transforming the workforce for hundreds of institutional investors.
Today’s news follows Canoe’s recent announcements of client wins, collaborations, and growth.
ABOUT CANOE INTELLIGENCE
Canoe’s technology allows institutions, LPs, and family offices to automate data extraction, data management and other operational processes and 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, advisors, and family offices. www.canoeintelligence.com