SS&C and Canoe partner to streamline alternative investment workflows
07 July 2020 New York
Image: solarseven/Shutterstock
Canoe Intelligence has partnered with SS&C Technologies over the Black Diamond wealth platform to improve alternative investment processes.
SS&C’s Black Diamond solution is used to access data required to track alternative investments.
Within the partnership, Canoe will provide technology to automatically convert PDF format data into a Black Diamond-compatible format, rather than wealth managers and institutional investors performing this manually.
Canoe leverages advanced artificial intelligence and machine learning functions to remove operational inefficiencies that are currently an issue in alternative investments. Its technology receives multi-source reporting documents, which are systematically categorised to extract and validate the necessary data.
Steve Leivent, senior vice president and co-head of SS&C Advent, commented: “Partnering with Canoe Intelligence provides our clients another differentiated way to stay ahead of their competition, and in control of their business growth. By automating the extraction and formatting of alternative investment data, clients can ensure greater accuracy as they focus on building long-lasting client relationships.”
Michael Muniz, partner and chief revenue officer at Canoe Intelligence, said: “Working with SS&C, our focus remains on improving efficiency and helping firms scale. This partnership will empower many investment professionals with the tools and tactics to manage a growing book of alternative investments while optimising time and resources.”
AdvicePeriod has already implemented Canoe’s technology on the Black Diamond platform to manage their alternative investment workflow more efficiently.
Matthew Woodward, head of operations at AdvicePeriod, added: “By leveraging an integrated solution with complete flexibility, our team spends less time with operational duties surrounding alternative investments and more time supporting our partner advisors in building their business.”
Canoe will also provide integration opportunities for Advent Portfolio Exchange (APX), Axys and Geneva users.
SS&C’s Black Diamond solution is used to access data required to track alternative investments.
Within the partnership, Canoe will provide technology to automatically convert PDF format data into a Black Diamond-compatible format, rather than wealth managers and institutional investors performing this manually.
Canoe leverages advanced artificial intelligence and machine learning functions to remove operational inefficiencies that are currently an issue in alternative investments. Its technology receives multi-source reporting documents, which are systematically categorised to extract and validate the necessary data.
Steve Leivent, senior vice president and co-head of SS&C Advent, commented: “Partnering with Canoe Intelligence provides our clients another differentiated way to stay ahead of their competition, and in control of their business growth. By automating the extraction and formatting of alternative investment data, clients can ensure greater accuracy as they focus on building long-lasting client relationships.”
Michael Muniz, partner and chief revenue officer at Canoe Intelligence, said: “Working with SS&C, our focus remains on improving efficiency and helping firms scale. This partnership will empower many investment professionals with the tools and tactics to manage a growing book of alternative investments while optimising time and resources.”
AdvicePeriod has already implemented Canoe’s technology on the Black Diamond platform to manage their alternative investment workflow more efficiently.
Matthew Woodward, head of operations at AdvicePeriod, added: “By leveraging an integrated solution with complete flexibility, our team spends less time with operational duties surrounding alternative investments and more time supporting our partner advisors in building their business.”
Canoe will also provide integration opportunities for Advent Portfolio Exchange (APX), Axys and Geneva users.
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