Does DAQFactory have some way that you can pipe data (in whatever format) into it for display? If so, I think sox can run in a pipeline; it understands WAVE format input data and can turn that into raw samples of various sizes on the output. I know on Linux it can listen to the soundcard directly; don't know about Windows as I've never tried it.
And then when the problem requirements change a little... more wire, more solder.
At least when the problem grows to the point that it requires hardware
*and* software development, the hardware guy usually gets to go first, so he gets to dump prototype hardware on the software guy two days before deadline and say "Now go do all that software stuff, it's easy, right?" :DMatt Roberds