SEI and Canoe Intelligence Enhance Integration for Family Offices to Improve Operational Efficiency and User Experience

SEI and Canoe Intelligence Collaborate to Enhance Operational Efficiency and User Experience for Family Offices

OAKS, Pa. and NEW YORK, July 30, 2024 /PRNewswire/ — In a move to streamline data management workflows for family offices, SEI® (NASDAQ:SEIC) and Canoe Intelligence have announced an enhanced integration that automates the transmission of private equity and hedge fund valuations, as well as private equity call and distribution data. This integration aims to improve operational efficiency and enhance the user experience for family offices utilizing the SEI Archway PlatformSM.

With the global alternative assets market projected to reach $23 trillion by 2027, family offices have increasingly allocated 42% of their investment portfolios to alternative assets in 2023. However, the manual data management workflows have posed challenges for single family offices, leading to inefficient data aggregation, accounting, and reporting processes that are prone to errors. By automating data transmission and ensuring data consistency, this integration aims to streamline the accessibility and integration of alternatives data, empowering family offices to make informed decisions confidently.

Sandy Ewing, Head of SEI’s Family Office Services business, highlighted the importance of personalized wealth management experiences tailored to meet individual financial goals. Ewing emphasized the role of alternatives in portfolio diversification and the need for solutions that make alternatives data more accessible and accurate.

The enhanced integration introduces a new data channel that simplifies the collection, aggregation, and analysis of alternative asset data for SEI Archway Platform users. By leveraging the connectivity of these platforms, mutual clients can automate fund and allocation-level data gathering, improve processing of alternative asset pricing and capital transactions, and streamline alternative investment reporting processes.

Mike Muniz, Chief Revenue Officer at Canoe Intelligence, expressed excitement about the evolution of their strategic partnership with SEI, aiming to provide technology that offers a detailed, accurate picture and greater control over investment document workflows.

Since the inception of the strategic partnership, Canoe has processed over 150,000 documents for SEI’s clients and enabled 24 mutual clients to automate data transmission across more than 3,400 alternative investments. The integration is part of several alternative asset-specific features of the SEI Archway Platform focused on enhancing user experience through reporting, operational efficiency, data connectivity, and integrations.

For more information, visit the original content at: https://www.prnewswire.com/news-releases/sei-and-canoe-intelligence-power-future-of-alternatives-data-management-through-expanded-relationship-302208894.html

SOURCE SEI Investments Company