We are honored to be named “Best Front Office Data Management Tool” in the 2023 Fund Intelligence Operations and Services Awards. Celebrated at a ceremony in New York on February 16, the awards recognize service providers to the fund management industry “who have demonstrated exceptional client service, innovative product development, and strong and sustainable business growth over the past 12 months.”
This award serves an important purpose: drawing attention to the value of data management in front-office productivity. According to our productivity study with BD and IR professionals in alternative investments, 35% of their interactions with their LPs are unplanned.
Big decisions require ready access to reliable, clean, and current data, distilled from an enormous volume of raw information and organized in a way that enables decision makers to generate timely insights. Backstop provides the front office with a single source of truth, empowering teams to manage their capital-raising activity, deal pipelines, investor relations, and fund admin relationships more effectively. By eliminating friction in collecting, organizing, and presenting data for analysis, Backstop frees front-office professionals to focus on growing relationships and accomplishing their strategic objectives.
We want to thank the judging committee and our clients whose feedback and ideas inspire us to develop solutions that really make a difference in their business. Our ongoing dialogue with you means everything to us.
We continuously look for new ways to add value, whether by augmenting our solutions’ built-in functionality or by increasing access to data from trusted outside providers. We are pleased to re-share the enhancements and innovations introduced last year alone. These features provide more specific details on our newest enhancements in support of our commitment to making our clients successful.
If you’re interested in talking to Backstop about our solutions for asset managers, you can request a meeting here.