Insights from Two Leading Pension Funds: How Canoe Transforms Alternative Investment Data Management

Recently, two of the largest US pension funds, managing a combined $90 billion in assets for public employees, selected Canoe Intelligence to automate their alternative investment document and data management. This milestone reflects the value Canoe brings to pension funds and highlights our capability to support many more in the industry. Here’s what we learned from these new clients and how we can help others achieve similar success.

Alternative Investments and Their Impact on Pensions

Alternative investments, such as private equity, real estate, and hedge funds, play a crucial role in pension fund portfolios by offering diversification and potential for higher returns. However, managing these investments introduces complexities that can strain the operational capabilities of pension funds, especially those with limited resources.

Challenges Pension Funds Face in Managing Alternative Investments

Pension funds frequently encounter several challenges when dealing with alternative investments, including:

  • High Document Volume: Processing thousands of documents each year can be overwhelming.
  • Inconsistent Formats: Documents vary widely in format, making standardization difficult.
  • Irregular Delivery: Documents arrive at different times, complicating timely processing.
  • Resource Constraints: Many pension funds operate with lean teams and tight budgets, making manual document handling impractical.

These challenges can lead to inefficiencies, errors, and delays in accounting, reporting, and analyzing investment performance.

Opportunities in Leveraging Canoe to Automate Document and Data Management

Canoe provides a powerful solution to these challenges by automating the collection, extraction, and integration of alternative investment documents. This automation brings several key benefits:

  • Automated Document Collection and Extraction: Canoe’s platform automatically gathers critical documents from investment managers, extracts relevant data, and integrates it into the pension fund’s internal systems. This process drastically reduces the need for manual intervention.
  • Enhanced Data Accuracy and Timeliness: By using advanced extraction technology, Canoe ensures that data is accurately captured and updated promptly, improving the reliability of records and the timeliness of reports.
  • Operational Efficiency: With the burden of manual document handling lifted, pension fund teams can focus on strategic activities such as investment analysis and decision-making.

Streamlining Pension Fund Operations

The two new pension fund clients expect to save hundreds of hours annually that were previously spent on manual document collection and data entry. Additionally, they anticipate improved visibility into portfolio performance data, leading to better decision-making and enhanced investment outcomes.

These recent client wins highlight the transformative potential of Canoe Intelligence for pension funds. As more funds adopt our platform, we continue to demonstrate our ability to streamline operations and improve data accuracy and efficiency.

Pension Funds: See Canoe in Action

If your pension fund is dealing with the complexities of managing alternative investments, Canoe can help. Discover how our platform can automate your document and data management processes, saving you time and resources while improving accuracy and efficiency.

Download the Canoe for Pensions brochure or request a demo and see the platform for yourself.