Time Optimization Calculator: Quantify the Time and Money Spent on Alternative Investment Workflows
Allocators, institutional investors, administrators, and others who allocate to alternative investments spend between $9,000 and $4 million a year on manual data entry to keep track of complex portfolios, according to recent research.
To help investment teams understand these costs, Canoe developed a new algo-driven Time Optimization Calculator. By bringing together data gathered over several months from conversations with hundreds of alternative asset investors, this Calculator is built on a detailed algorithm that estimates the annual costs associated with traditionally manual processes including document ingestion, document categorization, data extraction, data validation, and data delivery.
Data from hedge funds, private equity, venture capital, and other alternative structures inundate asset allocators with thousands of paper, email, web-based, and PDF documents containing hundreds of thousands or millions of transaction, valuation, and performance figures on an annual basis. This unstructured data typically requires manual entry into useful formats, a process that is expensive, time-consuming, and fraught with errors.
By leveraging this Calculator, allocators and institutional investors of every size and focus can enter basic information and immediately see the true cost of manual data entry at their firm, in terms of both time and money.
We hope that this Calculator illuminates how expensive the status quo really is for firms and inspires allocators and institutional investors to explore a new era in data operations with Canoe.