Ironwood Capital Management, an alternative investment manager focused on constructing multi-manager hedge fund portfolios, was relying on multiple Excel spreadsheets to track capital in/out flows. The spreadsheets required error prone manual data entry, and it was almost impossible to track trends at a firm-wide level. Ironwood needed to bolster its capital in/out flow processes with a digital approach that allowed for real-time updates and the ability to better monitor activity across its products and the firm.

Ironwood turned to Backstop to centralize its data and build a responsive and relational database for improved capital in/out reporting.