Integration Enhances Operational Efficiency and User Experience for Family Offices
OAKS, Pa. and NEW YORK, July 30, 2024 – Archway and Canoe Intelligence (Canoe) today announced an enhanced integration that automates the transmission of private equity and hedge fund valuations, as well as private equity call and distribution data, to improve operational efficiency for family offices using the Archway Platform℠.
With global alternative assets expected to hit $23 trillion by 2027,1 family offices allocated 42% of their investment portfolios to alternative assets in 2023.2 However, as the demand for alternative assets has grown, single family offices have been challenged with manual data management workflows, resulting in inefficient data aggregation, accounting, and reporting that can be error-prone. By automating data transmission and ensuring data consistency, this integration streamlines the accessibility and integration of alternatives data to maximize operational efficiency and empower family offices to make confident decisions.
The enhanced integration introduces a new data channel that makes it easier for the Archway Platform users to collect, aggregate, and analyze their alternative asset data. By leveraging the connectivity of these two platforms, mutual clients are able to:
- Automate fund and allocation-level data gathering: Streamlined extraction, validation, and delivery of fund and allocation-level data helps ensure accurate and reliable data is transmitted from Canoe to the Archway Platform.
- Improve processing of alternative asset pricing and capital transactions: Automated processes reduce time spent on historically manual tasks, including inputting valuation data and booking capital calls and distributions, helping safeguard data integrity and reliability and improving workflow efficiency.
- Streamline alternative investment reporting processes: Readily available alternative asset data allows for enhanced investment activity, allocation, and performance reporting that are accurate, relevant, and on time.
Mike Muniz, Chief Revenue Officer at Canoe Intelligence, said:
“As family offices and wealth managers increase their allocations to alternatives, they need technology that paints a more detailed, accurate picture and provides greater control over investment document workflows. We’re excited for this evolution of our strategic partnership with SEI as we work together to power the future of wealth by making alternative asset data more efficient and actionable.”
Since the beginning of the strategic partnership, Canoe has processed more than 150,000 documents on behalf of SEI’s clients and positioned 24 mutual clients to automate data transmission across more than 3,400 alternative investments. The integration is one of several alternative asset-specific features of the SEI Archway Platform focused on enhancing the user experience through reporting, operational efficiency, data connectivity, and integrations.
1‘The Future of Alternatives in 2027,” Preqin, 2024.
2“Global Family Office Report,” UBS, 2024, pp. 10.
About Canoe Intelligence
Canoe Intelligence (Canoe) is a financial technology company dedicated to advancing alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms. Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently. With a commitment to innovation and excellence, Canoe is redefining the future of alternative investment data management.
