Vernal Point Selects Canoe Intelligence to Scale Its Alternative Investment Documents and Data Processes
NEW YORK, MAY 17, 2022 – Canoe Intelligence (“Canoe”), a financial technology company redefining data management processes for alternative investors and allocators, today announced a new client engagement with Vernal Point Advisors, LLC (“Vernal Point”). Founded in 2012, Vernal Point is a San Francisco-based RIA that partners with global ultra-high net worth families in the design and management of single-family offices.
Vernal Point is implementing Canoe’s technology to automate and scale its alternative investment processes associated with document collection and data extraction, as well as data delivery to Addepar.
“Effectively managing complex portfolios of alternative investments for our clients requires sophisticated technology. We’re excited to partner with Canoe to automate the data extraction process and efficiently transfer that information into our portfolio management system,” said Liz Wu, Managing Director of Financial Operations at Vernal Point Advisors, LLC. “Canoe’s platform will streamline our alternative investment workflows, including the processing of capital calls, tracking performance tracking, and gathering key documents.”
“We’re thrilled to partner with innovative RIAs like Vernal Point to enable automated technology to streamline alternatives document and data workflows,” said Peter Clancey, Sales Executive at Canoe Intelligence. “At Canoe, we are proud that our technology has helped so many firms scale their operational processes, serve their clients more effectively, and achieve sustainable growth.”
ABOUT CANOE INTELLIGENCE
Canoe Intelligence redefines 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. Learn more: www.canoeintelligence.com
Betsy Miller Daitch