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Backstop Solutions Group Launches New Product Enhancements

Traders Magazine Online News, March 29, 2018

John D'Antona Jr.

Backstop Solutions Group, a leading provider of cloud-based productivity solutions for consultants, OCIOs, pensions, private equity firms and other institutional investment firms, is pleased to announce the rollout of five new product enhancements to the Backstop Suite, which improve users’ ability to retrieve data faster, generate more robust metrics, and improve workflow. The products were added to the Backstop Suite in 2017 and are being announced together after seeing high levels of adoption and success for users.

Backstop’s suite of cloud-based productivity solutions helps institutional investment firms maximize their time by automating middle-and-back office processes, allowing team members to focus on revenue-generating activities. 

“Our product releases across the Backstop Suite in 2017 were focused on helping clients get more out of every minute,” said Adam Hoit, vice president of product at Backstop. “In 2018, we’re focused on delivering more enhancements than ever to help our clients achieve their goals and save thousands of dollars via the efficiency these solutions deliver. As we prioritize themes of greater integration, faster navigation, and more automation, we are energized by the positive outcomes we are enabling across the industry.”

Effective immediately, Backstop clients can take advantage of:

  • A Robust REST API Library: Users can seamlessly integrate Backstop with other applications and data warehouses via Backstop’s library of APIs, allowing users to create integrations to retrieve data faster, get more data in a single response, and access the full Backstop data model with all standard and custom fields, capitalizing on an extensive range of features.
  • SSO (Single Sign-On): Users are authenticated through an external system, increasing the system administrator’s ability to control access (a user can be added or removed to the entire system at once, instead of application by application). Users only have one password to remember, streamlining daily workflow. 
  • Portal Notice Acknowledgment: Users can now create pop-up messaging to display content of any type to clients, thus increasing visibility and direct traffic to targeted content, providing instant feedback from end users, and generating more robust metrics.
  • Share Class & Series Enhancements: Users now have the ability to exercise increased data control when managing obsolete share classes and series: filter by products, navigate to pre-filtered lists from other related pages, and show or hide closed share classes, enhancing capital workflow.
  • PME Benchmarking: This toolprovides allocators with the most groundbreaking, defensible, and mathematically rigorous public market equivalent capabilities available today.

Josh Schoedler, CFA, CPA, Performance Analyst at DUMAC, Inc. has been using Backstop’s PME functionaility, and says about his experience, “Backstop’s PME functionality was super easy to understand and we were able to fit it into our process right away. With this new functionality, Backstop has enabled us to further unify our operations platform, thereby saving us a significant amount of time, energy, and operating capital.”

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