- Hybrid solution to bring greater agility and streamlined operations to mutual clients
Chicago, IL – March 15, 2017 – Backstop Solutions Group, a leading provider of cloud-based productivity solutions for hedge funds, funds of funds, pensions, endowments, foundations, private equity firms, consultants, and family offices, and ACA Technology Solutions (ACA), a leading provider of investment management and regulatory technology solutions, today announced a successful API integration of their solutions that connects ACA’s NorthPoint Data Management and Security Master Solutions to Backstop’s CRM, Research Management, and Portfolio Management Systems. The connectivity with ACA allows Backstop clients to efficiently integrate data from multiple sources, including proprietary systems and other relevant data stores and providers, creating a seamless flow of information and ensuring users are working with a “golden source” of data.
ACA Technology Solutions is a division of ACA Compliance Group, one of the world’s leading providers of regulatory compliance products and solutions. ACA’s team of financial technologists created NorthPoint Data Management Solutions to provide aggregated and consistent security, trading, reference, pricing, and other data to improve performance, reduce risk, and increase efficiency. Combined with the agility of Backstop Solutions Group’s adaptable suite of products, this integration provides a hybrid solution for the alternative management community.
“Our asset owner / allocator clients frequently use Backstop’s cloud-based, flexible platforms to manage data from a variety of sources,” said Bob Goldbaum, SVP of Product and Market Strategy at Backstop. “By integrating with ACA’s Data Management Solutions, our most complex clients can now benefit from an in-house data store while ensuring they’ll be looking at the most updated information, regardless of the point of entry. Ultimately, this partnership enables more flexible reporting and adherence to approved data management workflows, while still taking advantage of the user-friendly Backstop manager entry and reporting screens. Allowing allocators to take advantage of a unique, best-in-class hybrid solution furthers our commitment to increase our clients’ business agility while reducing their operational risks.”
The unique mix of cloud-to-ground solutions that this partnership provides solves challenges that larger asset managers, particularly institutional allocators, regularly face. When data comes from multiple sources but is not reconciled, the risk of mistakes increases, causing allocators to spend too much time managing data instead of on analysis, decision making, or revenue-generating activities.
“This integration is an important step towards creating an environment that allows end users to manage data in the systems that help their businesses run,” said Johan Glozman, Managing Director at ACA and Product Manager for NorthPoint Data Management Solutions. “Management of private fund reference data can move seamlessly between systems and departments in a workflow that fits the clients’ business model, solving a common issue for large allocators.”
About Backstop Solutions Group
Backstop Solutions Group is a leading provider of cloud-based productivity solutions for hedge funds, funds of funds, pensions, endowments, private equity firms, consultants and family offices. Founded in 2003, Backstop created the industry’s first web-based software that empowers firms in the alternative investment management industry to adapt to change and overcome complex issues. With offices across the United States and in Europe and Asia, Backstop now serves over 700 firms worldwide, making it one of the fastest growing software providers in the financial services industry. For more information, visit www.backstopsolutions.com. Connect with us on LinkedIn.
About ACA Technology Solutions
ACA Technology Solutions is a division of ACA Compliance Group For the past 13 years, ACA Technology Solutions has successfully provided solutions to over 175 investment managers managing over $1.3 trillion AUM. Our team of financial technologists has real-world industry experience and understands the dynamic needs of today’s investment managers.
About ACA Compliance Group
ACA Compliance Group ("ACA") is a leading global provider of regulatory compliance products and solutions, cybersecurity and technology risk assessments, performance services, and technology solutions to the financial services industry. Founded in 2002 by former SEC examiners and a state regulator, ACA develops and provides its products through a worldwide team of former SEC, FINRA, FSA, NYSE, NFA, and state regulators, as well as former senior in-house compliance professionals and technologists from prominent financial institutions. ACA serves a diverse base of leading investment advisers, private fund managers, commodity trading advisors, investment companies, and broker-dealers. ACA’s products include standard and customized compliance packages, cybersecurity and technology risk assessments, GIPS® verifications and other performance services, and a wide variety of technology solutions for financial services firms.
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