Daaappa rolls out standalone software

Daaappa, a provider of investment, administration and accounting software, has rolled out its Studio+ software, previously part of the company’s core offering, as a standalone product.

The release is a bid in the company’s strategy to address the evolving needs of the private markets. “We have observed three key trends we want to address,” said Karim Ali, CEO of Daaappa. “Namely a shift to outsourced operating models, institutional investor sophistication and regulation driven by retailisation. These drive the technological demands around data aggregation, transparency, control and business intelligence.”

According to Daaappa, Studio+ delivers data aggregation, visualisation, oversight, validation and reporting to streamline operations and enhance productivity in fund administration.

“Daaappa Studio+ enables firms to visualise and validate their disparate datasets, even to act as a shadow accounting book of records,” Ali elaborated. “Additionally, it helps firms to achieve data sovereignty, meet demands for reporting and regulatory compliance, and provide value-add services to their clients.”

The standalone offering will include:

• Real-time dashboards for data visualisation
• A holistic, interactive view of all portfolio holdings
• Data validation and compliance monitoring engine
• A bidirectional platform for sharing documents and information
• Customised reports and datasets
  

Daaappa stated that the Studio+ offering should further provide high-speed data processing, an enhanced in-depth data analysis and scalability.

“Our team is excited to offer Daaappa Studio+ to the broader investment and administration industry. Our solution simplifies the management of intricate private asset datasets through user empowerment and efficiency,” concluded Ali. “With its open architecture data management capabilities, Daaappa Studio+ seamlessly integrates with existing accounting and data systems, providing a comprehensive solution for managing private asset data.”