London, UK – daappa, a leader in fintech solutions for the private asset sector, today proudly announces the release of its advanced Extractor AI solution.
Developed in collaboration with Zanran, renowned for their expertise in data extraction from complex documents, this tool is set to significantly enhance how firms manage their private assets and interpret financial data.
Extractor AI, seamlessly integrated within daappa Studio+, is a cutting-edge tool designed to tackle the challenges posed by the prevalent use of PDFs in the private asset industry. It leverages a private-cloud, AI-powered engine to convert both structured and unstructured scanned tabular data from PDFs into enriched, transaction and portfolio monitoring data with unparalleled accuracy.
Reflecting on the broader impact of this collaboration, Jon Goldhill, CEO of Zanran, said, “Our alliance with daappa underscores our commitment to advancing data extraction technology. Zanran’s sophisticated algorithms, combined with the innovative approaches of companies like daappa, are pushing the boundaries of what’s possible in financial data management.”
The integration with Zanran brings together their cutting-edge functionalities, such as contextual data point extraction and scalable technology, into daappa’s Extractor AI. This synergy enables efficient and accurate data processing, boosting the operational capabilities of private equity firms.
Nicc Wright, Head of Sales, Product, and Marketing at daappa, emphasised the unique value of this solution, stating, “With Extractor AI, we’re focused on delivering outcomes, not just outputs. This tool is designed to transform data into actionable portfolio company insights and transactional data, plugging a gap in the operating model of many firms.”
Studio already delivers substantial benefits including advanced business intelligence and analytics reporting, and powerful Look-through and fund oversight capabilities for private asset funds. The addition of Extractor AI further elevates these advantages, offering a comprehensive solution for data aggregation, visualization, and validation from multiple sources and service providers.
Extractor AI represents the realisation of a new era in data management for the private asset industry,” added Nicc Wright. “Amidst the recent surge in AI advancements, we’re equipping firms to navigate the complexities of data integration with unprecedented ease and efficiency, harnessing the transformative power of AI to drive strategic decision-making and operational agility.
For more information on daappa’s Extractor AI and how it’s redefining data management in the private equity sector, visit daappa.com.