Backstop Review
April 09, 2020
Backstop Review
Score 8 out of 10
Vetted Review
Verified User
Software Version
Backstop Portfolio
Modules Used
- Backstop API
- Private Equity Module
Overall Satisfaction with Backstop
Backstop is used by our investment team for tracking notes from internal/external meetings and calls, as well as for portfolio oversight and management through the private equity module.
- Storage of notes from calls and meetings.
- Tracking portfolio holding balances, transactions, and IRRs/MOICs.
- Allowing flexibility for client-defined uses.
- 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.
- 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).
- Zoom
I have not used or evaluated any Backstop competitors. Freestone already used Backstop when I started.
Do you think Backstop delivers good value for the price?
Not sure
Are you happy with Backstop's feature set?
Yes
Did Backstop live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of Backstop go as expected?
I wasn't involved with the implementation phase
Would you buy Backstop again?
Yes