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DDC expands service offering to VC and PE firms with Sonar Plus

DDC has augmented its portfolio management software suite, Sonar, with a service bureau offering called Sonar Plus. The Sonar Plus upgrade allows regular Sonar subscribers to fully outsource the administrative side of portfolio management, while reaping the organisational benefits.

With Sonar Plus, venture capital or private equity clients can email materials from their portfolio companies to their firm-designated email address. DDC will then correctly upload those materials into Sonar and, utilising DDC Frames, ensure that an actionable summary of the data is created. DDC monitors the receipt of information on an investment-by-investment basis and provides clients with a quarterly review of portfolio activity. DDC also provides cap table and VDR functionality.

DDC Sonar is a secure, cloud-based investment monitoring and reporting solution for venture capital and private equity firms. It automates the collection of financials and other materials from portfolio companies, reducing the time-consuming, manual tasks that often engage partners’ and controllers’ time. Sonar provides a centralised, online environment in which reports are deposited and stored. This eliminates the need to download and re-save reports from portfolio companies into a share drive and keeps track of which company materials are due with built-in reminder tools. Portfolio companies can also submit information directly to DDC, simplifying their reporting requirements.

Sonar also handles complex information communication needs for limited partners, providing a branded portal from which LPs can access their investment information and tax documents.

“It’s not unusual for busy investment firms to need added administrative support in portfolio company management,” says Farid Naib, CEO and founder of DDC. “Given our company’s knowledge and experience within the industry, we are uniquely equipped to handle the document and reporting necessities that face VC and PE firms, saving them time and money.”

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