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4 Ratings
1 Rating
4 Ratings
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Score 10 out of 100
1 Rating
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Score 9 out of 100

Attribute Ratings

  • Backstop is rated higher in 1 area: Likelihood to Recommend

Likelihood to Recommend

10.0

Backstop

100%
3 Ratings
9.0

IMS Platform

90%
1 Rating

Support Rating

10.0

Backstop

100%
1 Rating

IMS Platform

N/A
0 Ratings

Likelihood to Recommend

Backstop Solutions Group

Backstop makes planning and selecting the portfolio efficiently. There is a candid assistance in matters of resource utilization. Moreso, Backstop has a cost accounting notion, which makes the company control the expenses they make. Finally, Backstop has classical research procedures where analysis and decisions arrive after extensive assistance and evaluations.
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Investor Management

In our specific use case we used IMS to manage the investor acquisition process and manage reporting going forward. Basically, it's a powerful, real-estate focused CRM that understands our pain points and issues. Additionally, it was cost efficient for our organization since we weren't using any of the waterfall technology, nor did we have extensive complicated ownership structures that we needed to import. We were essentially starting from the beginning, with very few implementation needs. In this situation, the software worked perfectly. We have been very happy with the service and technology. That said, if you have an extensive investor relations apparatus and need something that requires a tremendous amount of implementation (i.e. an entire, existing, investor management system) it may be a more difficult process
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Pros

Backstop Solutions Group

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

  • Investor Management
  • K-1 Distribution
  • New Investment Pages
  • Clear Dashboards
  • Customer Support
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Cons

Backstop Solutions Group

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

  • Confusing UI (Hard to Use)
  • Implementation Issues
  • Missing Functionality
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Pricing Details

Backstop

Starting Price

Editions & Modules

Backstop editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    IMS Platform

    Starting Price

    Editions & Modules

    IMS Platform editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Support Rating

      Backstop Solutions Group

      Backstop support is fantastic. They always pick up the phone without a wait and are highly knowledgeable, I rarely need more than 5 minutes to fix an issue.
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      Investor Management

      No answers on this topic

      Alternatives Considered

      Backstop Solutions Group

      I have not used or evaluated any Backstop competitors. Freestone already used Backstop when I started.
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      Investor Management

      We evaluated IMS against Juniper Square and the Crowdstreet white label platform. IMS came to the top for us because of our specific use case (i.e. less implementation needs, primarily investor acquisition and investor management). Also, at the time, IMS was way more cost effective for the functionality that was offered compared to its immediate competitors
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      Return on Investment

      Backstop Solutions Group

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

      • Increased investor acquisition
      • Increase investor engagement
      • Saved significant time in managing investor
      • Massive time savings in K-1 distribution
      • High quality investor reporting system
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