Human beings are known for myriad of different things, but more importantly than the rest, they are known for getting better on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide, and consequentially, kickstarted a full-blown tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.
Canoe Intelligence, the financial technology company guiding the alternatives industry forward with smarter data management, has officially collaborated with Amplify Advisory Solutions to launch a new product called Canoe Pro. According to certain reports, the stated product comes decked up with an ability to combine Canoe’s industry-leading alternative investment technology with specialized support from service providers like Amplify that have deep expertise in using Canoe and other relevant downstream systems. The incentive to conceive such a mix is delivering a unified and comprehensive offering which bears the potential to become an extension of the clients’ operations team. Talk about what the product has on the offer from an actionable standpoint, the answer must begin with Canoe Pro’s highly exclusive brand of service partners. You see, Canoe Pro Partner Network is made up of carefully selected partners who are well-versed in the intricacies attached to alternative asset administration, as well as operating Canoe and similar technology platforms. Next up, we must acknowledge the solution’s delegation prospects that refer to how Canoe Pro Partners take full ownership regarding the retrieval, organization, and reconciliation of all vital investment documents. These documents, in turn, can stretch across a wide variety of asset classes and source data types. Complimenting the same is greater accuracy around every piece of information, and a quicker mechanism in all the related processes. We referred to speed; Canoe Pro Partners also has the neccesary means to accelerate the implementation, onboarding, and operation of a comprehensive alternatives data management program.
“With the launch of Canoe Pro and our partnership with Amplify, we’re pioneering a path to success for our clients as they adopt new technologies and workflows. It’s about equipping clients with the tools and support they need to navigate change seamlessly and achieve their objectives in this perpetually evolving landscape. Canoe Pro represents the next step in our mission to empower our clients and optimize data management for alternative assets,” said Tim Loughrey, VP of Client Success at Canoe Intelligence.
The development delivers a rather interesting follow up to two recent product-related announcements from Canoe Intelligence. One announcement saw the company launching Canoe Tax, which is supposed to streamline your tax document workflows. The other announcement revealed the company’s plan to launch a Canoe Asset Data solution. Another thing which contextualizes these moves is the company’s 100% year-over-year growth and a strategic $25 million Series B financing round that happened back in February 2023.
As for what makes Amplify Advisory Solutions an ideal partner for such an event, the company’s case talks to how it helps RIAs, family offices, endowments, and foundations in restructuring access to operations, technology, and solutions expertise. This includes looking after their data, and at the same time, ensuring they are able to get the most out of it.
“We are honored to expand our partnership with Canoe. We have witnessed firsthand how increasingly difficult it has become for investors, family offices, and RIAs of all sizes to find and retain talent. Canoe Pro provides firms with an innovative technology platform operated by a dedicated team of data solutions experts through one contract. Our mission is to reset the industry standard for data management services, and Canoe has become an integral tool supporting our team’s efforts towards this goal,” said Ryan Loughran, Founder of Amplify Advisory Solutions.
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