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Backstop

Score10 out of 10

3 Reviews and Ratings

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What is Backstop?

Backstop Solutions Group in Chicago provides cloud-based technology supporting hedge funds. These applications include tools for investment research and analytics, accounting, a financial services specific CRM, and investor relations and document sharing tools, as well as investment portfolio management and due diligence tracking.

Categories & Use Cases

Reviews

What users are saying about Backstop.
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Determined investment assistance for companies

Incentivized
wilson brunoView profile
Logistics Supervisor in Sales at Linfox (1001-5000 employees employees)

Use Cases and Deployment Scope

Backstop has made sustainable planning where investors and business players use the knowledge shared to implement new investment plans. Furthermore, Backstop conducts research analytics, a form that improves the results that guide new investment plans. The financial planning and capital calculations are also facilitated by Backstop, making solid plans and decisions.

Pros

  • The portfolio planning and investment analysis is done well
  • The cost management and revenue generations
  • The accuracy of the decision rule

Cons

  • Poor communication procedures
  • Lack of specific OS support
  • No mobile version for Backstop

Most Important Features

  • Sustainable research procedures
  • Reliable investment plans
  • Extra cost management procedures

Return on Investment

  • Business ends up profiting
  • The chances of investing in the wrong projects don't exist
  • The analytical assistance from Backstop increases more investment plans

The best option to improve investments.

Incentivized
Angela Alessandria O'sullivanView profile
Key Account Manager in Finance and Accounting at Mr. Cooper (5001-10,000 employees employees)

Use Cases and Deployment Scope

Backstop opens the doors for safer investments with robust capital calculations that are generated with precise analysis to know which is the best option, the accounting department uses this tool to make safer decisions according to said calculations, it is a platform that is based on the cloud that consolidates and boosts portfolio management, it is easy to use by the entire accounting team, they have been using it for about two and a half years and we are sure that the investments are calculated to know if it is a good decision.

Pros

  • Accurate calculations to make better decisions.
  • Robust portfolio management.

Cons

  • It may not have many customization features, this is the only problem.

Most Important Features

  • Accounting calculations based on financial data.
  • Portfolio management.

Return on Investment

  • Every investment goes through Backstop's robust analysis to know its profitability in the short and long term.
  • Saving time and money by making the right decisions.

Backstop Review

Incentivized
Sean Carr, CFAView profile
Director in Professional Services at Freestone Capital Management (51-200 employees employees)

Pros

  • Storage of notes from calls and meetings.
  • Tracking portfolio holding balances, transactions, and IRRs/MOICs.
  • Allowing flexibility for client-defined uses.

Cons

  • Simplicity, ease of use (hard to get everyone on the team on the same page for how to use it).
  • Opportunities have been really hard for us to leverage.
  • It seems like it's geared towards salespeople sometimes instead of portfolio managers, etc.

Return on Investment

  • Makes our team more efficient (i.e. less people needed for admin work).
  • Allows PMs to spend more time on their jobs and less on systems maintenance/tracking.
  • Increases transparency across teams (other teams can log into Backstop to see the latest updates).

Alternatives Considered

Zoom

Other Software Used

Zoom, Microsoft Teams, Envestnet Tamarac