daappa Core is for firms involved in direct assets, funds and SPVs who require integrated end-to-end functionality and have retained middle and/or back-office operations, or are performing fund accounting, administration and investor services for others.
daappa Accounting & Administration
daappa Core functionality
Enterprise software for private assets
With all your investors’ investment data held within daappa, you can build profiles and investment communications to meet your regulatory and investor obligations.
When a potential investor chooses to invest in your funds, daappa enables you to monitor relationships and communicate with investors seamlessly.
CRM functionality enables all contacts associated with a particular investor to be identified and included in relevant communications.
Mail merge functionality flows directly from the transaction input screens so that notifications can be sent to investors accurately and efficiently.
Bank instructions can be formatted (e.g., SWIFT) ready to be passed to your banking software.
Investor reports are available as standard or can be designed to suit your specific needs. The intuitive reporting tools enable you to control and adjust them without the need to involve us.
When subscribed to daappa Studio+, you can produce and share high quality professional notices related to portfolio settlements and onboarding documents to meet your investor KYC and AML responsibilities.
daappa allows for postings to be entered once then automatically generate aggregation and allocation routines to the appropriate funds in the hierarchy.
Drawdown and distribution transactions can be allocated across your investors using flexible allocation rules. This includes using investors’ commitments, undrawn amounts and the priority of any series that have been set up. Rounding rules can be observed.
Definable transaction codes can be used to clarify the purpose of each amount drawn and repaid. This includes recallable distributions that can be identified and tracked separately.
Partnership fund investments are tracked at investor level to enable a partner’s exposure to each investment to be tracked. Monitor the underlying (shadow) investments of the funds. Investments held directly, or indirectly via funds, can be aggregated and valuations compared.
Corporate funds can be managed as open ended or closed. There is an algorithmic model for calculating the NAV of the fund. This uses the fund level transactions to track the P&L movements, expense and income, realised and unrealised gains/losses.
Once approved the NAV is posted automatically, is available for reporting, and can be used as the basis for subsequent investor transactions
Transfers of an investor’s interest to one or more new investors in a fund can be posted using various rule sets to ensure that historical transactions are presented as required.
daappa enables all capital accounting transactions to be recorded including capital calls and distributions and transfers of interest.
Capital accounting statements can be displayed in an enquiry or printed in a formal report. This information includes all drawdown amounts, fees, charges and distributions.
A management fee algorithm is provided that can be modified fund by fund as required or additional fund management fee algorithms can be created.
Fund invoicing allows the recording of both expense and income invoices at the fund level and the subsequent control of payment. Reverse charge VAT and realised FX on differences between invoice settlement and bank clearing date are included.
Capital and portfolio transaction postings will automatically create GL journal entries that can populate daappa’s inbuilt general ledger or your existing external ledger system.
- Flexible coding structure can be set up to reflect GL classifications.
- Allows for a nominal breakdown for investment / partner analysis.
- Postings can be made to the GL as real-time entries or as a monthly summary
- Excel add-in for uploading and downloading journals and financial data such as account information, actuals, budgets etc., standard financial statements.
Define the chart of accounts and the rules that determine how each transaction will be allocated.
Each fund will be posted in the designated currency of the fund alongside any currency accounts that are held by the fund.
- Allows multi-currency transactions and revaluation routines.
- Fully featured ledger with budgets, profiles and cost centres.
- Flexible chart of accounts and a segmented account code structure.
- F/X revaluation for realised and unrealised exchange differences.
- Cost allocations and multiple journal types, repeating journals, accruals and prepayment journals, multi company.
GAAP and IFRS accounting standards are accommodated using an aggregation facility which enables accounts to be combined and reallocated.
daappa provides standard reports for financial reporting (including IFRS9), market reporting (such as BCL, INREV, FATCA and CRS) and performance reporting such as IRRs with many parameters to customise to your needs.
You can adapt these reports and create your own to reflect your specific requirements and include extra data that you may have chosen to collect.
daappa contains a powerful data enquiry and reporting function called Analyser that puts you in control of creating sophisticated data extracts and reports.
You can query the database, sort and filter on many combinations and permutations of data using drag and drop and report builder.
Define your own calculations so that virtually any measurement ratio or factor can be supported.
Reports can be exported in a range of formats including CSV, XLSX, PDF, RTF, TXT, HTML.
Scheduling of regular reports is controlled using the inbuilt task runner.
daappa has a controlled algorithmic process for the preparation, review and approval of investment valuations.
These can be based on periodic updates from investment companies, transaction data, tracked indices, FX rates and user-defined data points.
Valuations can be set up to follow a regular cycle and controlled via dashboards.
They can be for the entire enterprise and allocated to specific investors through a maintainable ownership structure or the value can be calculated separately for each security within the fund.
Calculate valuations based on BVCV, EVCA, or in house methods and automatically allocate the ‘enterprise value’ across the loan and equity structure
Define up to ten different valuations per investment, each valuation type can be used for different purposes such as:
- NAV & GAV algorithms
- accounting valuation
- fair market value
- investment director’s valuation
- exit valuations.
For each valuation, you can either use the algorithmic valuation or manual valuation posting routines.
Supports what-if valuation modelling.
Quoted investments can be priced via an external feed.
All valuation types can be used to calculate IRRs.
Automate the collection of regular updates from your investment companies and validate the receipt, accuracy and completeness of data before approving for use within your own data sets.
Collect quantitative and qualitative data such as accounting metrics, statistics, KPI, ESG or SFDR metrics at any point in the investment lifecycle. The data is stored in way that enables data to be compared across investments and track movements over time.
You can define and update the data points, frequency of collection, applicable time periods and subsections of the investment that the data relates to. This might be to adjust to the emerging ESG standardisation of metrics or to add impact-weighted statistics.
Produce analysis, such as KPI’s, historical budget, industry yardsticks comparisons, and long term forecasts. Produce investment performance and valuation reports or performance forecasts for both LP’s & GP’s.
Collected data is easily available to use in valuations, market reports, compliance assessments as well as on demand reporting and analytics in sophisticated, adaptable ways to meet new demands.
daappa has all the functionality that you need to set up and maintain your Investment Book of Records (IBOR) investment in all types of private assets alongside any quoted investments that the portfolios may hold.
Complex fund structures can be set up and reported on through layers of funds, SPVs and investments to identify the exposure of investors to underlying investments.
Transactions can be recorded using coding that reflects the nature of your business and enables reporting to be refined in line with particular accounting standards and regulatory reporting.
FX rates and price feeds can be loaded to enable automatic revaluations including quoted investments.
daappa’s configurable workflow means that whether you have tried and tested procedures for identifying, tracking and performing due diligence on potential investments or you rely on more ad hoc (maybe Excel based) processes, daappa can be set up to reflect how you chose to work.
Track and control the status of each pipeline investigation, identify contacts and advisers involved in current and historic deals, build up accounting and KPI details of the target investment and link to due diligence documentation needed for the investment to progress. Should you proceed with the investment, this information remains available throughout the life of the investment itself.
Manage the key processes of deal investment and divestment in daappa.
Deal tracking, both investments and exits, supports a managed process that tracks progress and provides for historical analysis.
Reciprocity provides analysis on the source of deals and the financial relationships between general partners, advisors and deal providers.
- Provides a framework for a disciplined evaluation process and data on the efficiency of deal evaluation.
- Clearly shows all deals evaluated (or all deals in the marketplace) that introducers, advisers, economic owners, etc. have been involved in.
- Allows geographically diverse investment teams to share and consolidate information.
- Provides a single point for recording all deal related activities and filing deal documents.
- Contains a permanent store of all deal documents accessible to all relevant parties.
daappa key strengths
Functional capabilites overview
daappa Core provides fund administrators and managers with retained back office operations with the capability to deliver a first class service to their clients and investors.
Achieve economies of scale by using tailored straight-through business processing where administration and accounting controls ensure the accuracy and auditability of data.
Comprehensive coverage for fund types including limited partnership, trust, corporate, mezzanine and fund of funds, SPVs with proficient multi-entity accounting.
You can set up funds as closed ended partnerships or as unitised corporate funds. Fund NAVs can be defined and calculated automatically.
AML/KYC approvals can be tracked and external data can be imported to support the approvals.
Our clients benefit from flexible investor allocation rules to create drawdowns and distributions using specific transaction codes to track the purposes of each including fees, charges, drawdowns for specific investments and recallable distributions.
Partner capital accounts can be designed and automated drawing on both drawdown and distribution details and also the portfolio details such as unrealised gains/losses and income from dividends and loans.
With daappa you will be able to streamline communications with your investors and potential investors using the mail merge and CRM functions.
Investors can access their reports and notices via daappa Studio Portal
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Integrated functionality for firms that retained back-office operations, or are performing fund accounting, administration and investor services for others.
Connect with other data sources to create a single source of truth, and to provide a branded interactive document & data exchange and reporting portal.
Visualise and validate your data to unlock insights across investment, portfolio, ESG, performance and accounting data more efficiently.