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Performance Reporting with Asora

TL;DR

Manually tracking family office performance with spreadsheets is inefficient, time-consuming, and prone to errors. Asora consolidates data into one single source of truth and provides timely analytics, ensuring informed decision-making and streamlined financial reporting. 

Introduction

Tracking financial performance with spreadsheets is tedious and error-prone. Family offices deal with diverse asset classes, multiple custodians, and complex ownership structures, making it difficult to structure and analyse performance data efficiently. 

Without timely insights, investment decisions are based on outdated information, increasing risks and inefficiencies. To manage wealth effectively, family offices need a technology-driven approach that simplifies performance tracking, enhances data accuracy, and enables proactive decision-making.  

Why performance reporting is essential for family offices

A structured approach to performance tracking helps family offices: 

  • Ensure accurate decision-making: A single, consolidated view of financial data enables better investment strategies. 
  • Reduce errors and inefficiencies: Manual tracking leads to inconsistencies, outdated reports, and increased operational workload. 
  • Gain timely insights: Up-to-date performance data supports proactive adjustments and risk management. 

Without a reliable system, family offices operate with incomplete or outdated data, leading to uninformed financial decisions and increased risk exposure. 

Challenges of manual performance reporting

Family offices face several challenges when using spreadsheets for performance reporting: 

  • Delayed and inconsistent performance tracking: Manual updates introduce errors and make it difficult to monitor key financial metrics accurately. 
  • Time-consuming financial calculations: Performance and accounting require computation, increasing the risk of inaccuracies when done manually. 
  • Lack of market benchmarking: Spreadsheets do not integrate with external benchmarks, limiting the ability to compare portfolio performance against major indices. Alternatively, manually inputting benchmark data is time-consuming. 
  • Difficulties in identifying underperforming assets and risks: Spreadsheets require manual effort to analyse trends, making risk management inefficient. 
  • Inconsistent performance calculations: Different managers use varied performance methods — such as Daily TWR, Weekly TWR, and others — leading to discrepancies and making performance comparisons unreliable. 

How Asora solves it

Timely performance tracking and automated calculations 

Asora provides a dedicated platform for performance reporting, eliminating the inefficiencies of spreadsheets. 

  • Offers timely performance tracking with dynamic dashboards. 
  • Automates key financial calculations, including IRR, Multiple, Daily TWR, and realised/unrealised gains and losses. 
  • Standardises performance calculations across all assets by applying Daily TWR, ensuring consistent and comparable data for accurate decision-making. 
  • Allows customised portfolios, where assets can be grouped in multiple ways. This allows users to slice and dice their portfolios per their preference and can track performance at different levels, from individual assets to entire portfolios. 

Benchmarking against market data

To provide deeper insights into investment performance, Asora integrates with major financial benchmarks.

  • Enables benchmarking against major indices, such as the S&P 500 and blended benchmarks like EUR 50/50. 
  • Provides detailed insights into asset growth, income generation, and portfolio comparisons. 
  • Offers granular private equity tracking by sector, geography, and vintage, allowing family offices to analyse investment performance across multiple dimensions. 

Better performance reporting with Asora

Monitoring financial performance should not be a cumbersome process. Asora streamlines performance tracking, eliminates manual inefficiencies, and provides real-time insights to support strategic wealth management. 

By automating reporting and benchmarking, family offices can make faster, more informed decisions—without the limitations of spreadsheets. 

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