What new ESG reporting capabilities does Bite Stream gain from Untap?

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Bite Stream Enhances ESG Reporting Through Untap Integration

Bite Stream gains expanded Environmental, Social, and Governance (ESG) data collection and reporting capabilities following the acquisition of Untap. The integration of Untap's cloud-based solution automates the tracking of ESG data, thereby enhancing Bite Stream's overall reporting features. This development reinforces Bite Investments' commitment to improving investor transparency and portfolio oversight within the alternative investments sector.
Automation of ESG Tracking

The acquisition allows for the automation of ESG tracking, a key feature of Untap's platform. This means that the process of collecting and monitoring ESG-related information is streamlined, reducing manual effort and potential for error. Consequently, investors and wealth managers using Bite Stream can expect a more efficient and consistent approach to ESG data management.
Expanded Data Collection and Reporting

Untap's flexible data model is capable of integrating both structured and unstructured data, enabling the capture of financial, operational, and qualitative information in a unified environment. This comprehensive data handling is now being applied to ESG reporting within Bite Stream, suggesting an ability to gather a wider range of ESG-related metrics. The combined platform aims to provide clearer insights into performance drivers and fund activity, which inherently includes ESG considerations.
Focus on Investor Transparency

The integration of Untap's capabilities into Bite Stream directly supports the goal of increasing investor transparency. As private markets mature, there is a growing demand from investors for clarity on how returns are generated, including the ESG factors that may influence performance and risk. By enhancing ESG reporting, Bite Stream is better positioned to meet these evolving expectations and provide a more complete picture of portfolio impact.

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What new ESG reporting capabilities does Bite Stream gain from Untap?

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