Canoe Intelligence Partners with KnowLedger to Optimize Alternative Data Management
NEW YORK OCTOBER 30, 2020 – Canoe Intelligence (“Canoe”), a financial technology company focused on reimagining data management processes for alternative investors and allocators, today announced a new partnership with KnowLedger LLC (“KnowLedger”). KnowLedger is a data service provider that moves data from portfolio accounting systems and custodians with a rules-based approach that ensures accuracy, completeness, and data confidence. The collaboration between Canoe Intelligence and KnowLedger allows family offices and accountants to streamline their alternative data management processes from document collection and data extraction to delivery into their general ledgers.
“Our goal is to help family offices get out of the business of data entry so they can focus on accounting and making informed investment decisions,” said Ryan Kerry, Founder at KnowLedger. “Integrating with industry-leading Canoe Intelligence technology for alternative document and data management provides another level of automation and scale for our clients.”
“We’re pleased to partner with Ryan and the KnowLedger team to propel the ability of family office and accounting clients to eliminate manual data entry and latency from their alternative data workflows,” said Patrick McKee, Head of Sales at Canoe Intelligence. “Our missions are aligned in reimagining these workflows for all dealing with alternative investment data on a regular basis, and we look forward to making an even bigger impact together.”
About Canoe Intelligence
Canoe Intelligence reimagines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms and wealth managers. By combining industry expertise with the most sophisticated data capture technologies, Canoe’s technology automates the highly-frustrating, time-consuming, and costly manual workflows related to alternative investment document and data management, extraction and delivery. With Canoe, clients can refocus capital and human resources on business performance and growth, increase efficiency, and gain deeper access to their data. Canoe’s AI-driven platform was developed in 2013 for Portage Partners LLC, a private investment firm. www.canoeintelligence.com
About KnowLedger LLC
KnowLedger is a service that integrates data from various sources like Canoe and custodians to a general ledger with a rules based engine to ensure both speed and accuracy. KnowLedger works closely with your accounting staff to establish mappings and data flow, then oversees the recurring movement of the data from your source data to your general ledger.