Canoe Intelligence collaborates with fundcraft 20 September 2024 Luxembourg Reporter: Klea Neza
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Canoe Intelligence has partnered with fundcraft with the aim of streamlining fund administration and improving operational efficiency for alternative asset managers throughout Europe.
The companies say, by integrating Canoe’s proprietary AI-based technology into fundcraft’s end-to-end fund operations platform, asset managers will benefit from seamless data integration with Canoe’s open API for automated document management, enhanced data accuracy and transparency, and increased operational efficiency and productivity.
This integration will be particularly beneficial for fundcraft clients managing funds of funds on the platform, say the firms. Clients will gain automatic access to documents from hundreds of LP portals, eliminating the time-consuming process of manual data extraction.
Canoe’s system will automatically ingest, classify, and extract key financial data from documents before pushing the information directly into fundcraft’s end-to-end operations platform.
Toby Bailey, VP of Sales EMEA at Canoe Intelligence, says: “Ensuring accurate, real-time data is seamlessly integrated into fund admin workflows is more crucial than ever. By combining Canoe’s expertise in automating document and data management with fundcraft’s comprehensive platform, we’re making it easier for fund administrators to work smarter and focus on what matters most — driving value for their clients.”
Victor Martin, chief technology officer at fundcraft, adds: “By integrating Canoe’s AI capabilities with fundcraft’s digital fund operations, we are setting a new standard for efficiency and accuracy in the industry.”
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