Philadelphia, PA (PRWEB) October 21, 2011
Saas application provider DocDep has released Sonar Investment Document Manager (SIDM), a new application that will help alternative investment managers track the materials they receive from companies in their portfolio and prospective investments.
SIDM provides centralized access for all documents that venture capital and private equity firms monitor and track. Materials can be directly uploaded into the document manager or they can be filed by forwarding an email.
SIDM is intended to solve a common organizational problem at investment firms, in which documents are often scattered in email folders, unstructured shared drives or cloud-based storage sites. SIDM provides centralized storage with various views and sorting functions available. Documents are filed in categorized folders that managers can sort by company, type, date or other metric.
SIDM has been designed to specifically handle investment materials, providing information snapshots and highlighting key details, saving users from the hassle of opening and searching through large files. These snapshots include grid reports of financials and board packages as well as DocDep Frames, which are specialized data summaries that track key information about investment materials, such as due dates, legal rights and preferences.
SIDM solves the problem that of email overload for VC and PE firms and gives them a convenient and centralized information management system at a reasonable price, says DocDep founder and CEO Farid Naib.
“DocDep’s applications do not provide organization for its own sake,” Naib says. “Instead, we offer investors tools to better manage their firm’s resources and instill better transparency and governance.”
Based in Philadelphia, DocDep provides critical data management solutions to companies in the alternative Investment Management Space. All DocDep applications are secure, following DOD document management standards and 256-bit data encryption for incoming and outgoing transmissions.