How Asora simplifies consolidated reporting for family offices

TL;DR

Asora simplifies consolidated reporting for family offices by automating data aggregation, performance tracking, financial reporting, and alternative asset monitoring. This article explores how Asora delivers clarity and control through a single platform.

Introduction

Consolidated reporting for family offices is often a manual and time-consuming process. With wealth distributed across asset classes, custodians, jurisdictions, and generations, reporting becomes complex very quickly.

Many family offices rely on spreadsheets, email threads, and PDF statements. These approaches are slow, prone to errors, and lack the flexibility needed for dynamic decision-making.

According to The Family Office Operational Excellence Report 2024, 40% of participants cited too much reliance on spreadsheets as a major concern. 

Asora solves this by bringing everything into one secure, cloud-based platform. Family offices gain a real-time view of their assets, powered by automation, flexible reporting tools, and intuitive dashboards.

In this article, we explore four core areas where Asora transforms consolidated reporting: data aggregation, performance reporting, financial reporting, and alternative asset tracking.

Data aggregation

The challenge

Family offices typically manage data across dozens of sources. These include custodians, banks, spreadsheets, investment platforms, and private deal documents.

This data often arrives in inconsistent formats and at different times, requiring hours of manual input, reconciliation, and validation.

This results in inaccurate or delayed reports, fragmented visibility across asset classes, and wasted time chasing down data.

Example: A mid-sized family office managing $500M AUM across several trusts, entities, and family members receives statements from over ten banks and custodians. Some data arrives weekly, some monthly. Most of it comes in varying formats like PDFs and Excel files. Analysts spend days compiling it manually, which delays reporting and introduces risk.

How Asora solves it

Asora automates data aggregation across structured and unstructured sources. Whether it is a feed from a custodian, a spreadsheet from an internal team, or a PDF from a fund manager, Asora ingests the data and converts it into a unified, structured format.

With Asora, family offices can:

• Eliminate manual data entry
• Pull in daily updates from banks and custodians
• Consolidate all asset data, public and private, in one place
• Gain a clean, reliable data set as the foundation for all reporting

This drastically reduces the operational burden and creates a single source of truth.

Performance monitoring

The challenge

Even when data is collected, performance tracking remains a challenge. Calculating time-weighted returns or IRRs across asset classes, currencies, and custodians is technically complex. Most family offices rely on Excel or basic tools that fail to reflect true performance, and reporting often becomes a static, backward-looking task.

This results in limited insight into what’s working and what isn’t, reports that lack granularity or customisation, and delayed decisions due to outdated data.

Example: A multi-generational family office with a globally diversified portfolio wants to understand how their real estate, hedge funds, and venture capital strategies are performing relative to their public markets exposure. Without an automated solution, their investment team builds reports manually each quarter, often using outdated data and potentially inconsistent calculation methods.

How Asora solves it

Asora provides dynamic, visual performance dashboards that update as soon as data does. The platform automates performance calculations and lets you drill down into results by entity, investment manager, strategy, or region.

With Asora, family offices can:

• Get timely portfolio performance
• Track TWR and IRR
• Filter performance by asset class, manager, sector, or currency
• Export investor-ready reports with a few clicks

Instead of waiting weeks for a quarterly report, stakeholders can get clear, timely insights in seconds.

Financial reporting

The challenge

Compiling financial reports manually each month or quarter takes time and effort. Data inconsistencies, version control issues, and multi-entity structures make it difficult to produce reliable net worth statements or balance sheets.

This gives you financial reports that quickly go out of date, errors from copy-pasting across spreadsheets, and a lack of confidence in the numbers being presented.

Example: A family office managing 12 entities and multiple family members creates quarterly financial reports for trustees and advisers. The finance team maintains separate spreadsheets for each entity and manually consolidates them into one net worth view. With every update, formulas must be rechecked and formats realigned. The bulk of their time is spent assembling reports, leaving little room for analysis or planning.

How Asora solves it

Asora automates financial reporting by continuously updating your balance sheets and net worth statements. As new transactions or valuations are ingested, reports reflect these changes. You can structure them by entity, trust, or individual, and apply custom filters without redoing the entire process.

With Asora, family offices can:

• Produce up-to-date net worth statements
• Automatically calculate balances across multi-entity structures
• Generate on-demand reports

This gives executives and family members immediate access to clear, accurate financial snapshots without the lag.

Alternative asset tracking

The challenge

Tracking private market investments is one of the most time-intensive jobs for family offices. Capital calls, distributions, fund valuations, and underlying holdings often arrive in scattered formats and with little standardisation. Excel trackers become bloated, and visibility into exposure is limited.

This results in incomplete or outdated views of alternative investments, poor understanding of capital commitments and liquidity timelines, and difficulty calculating accurate IRR or NAV across multiple vintages.

Example: A family office with 25+ private equity and venture capital fund commitments receives hundreds of PDFs annually containing capital calls, distribution notices, valuation updates. This would require an investment analyst to manually update a central spreadsheet, often leading to delays and errors in calculating IRR or understanding exposure by fund or strategy.

How Asora solves it

Asora turns capital call PDFs, distribution notices, and Excel trackers into structured data. It captures key inputs like committed capital, contributed capital, fair value, and cash flows — all mapped back to the correct entities and managers.

With Asora, family offices can:

• Track IRR, NAV, contributions, and distributions for each fund
• Upload and extract data from unstructured documents via integration with Canoe Intelligence
• Drill down into investments by strategy, vintage, or manager
• See total exposure by manager, fund, or asset class

Private investments become as easy to track and report on as traditional assets.

Conclusion

Asora is built for the unique operating model of family offices, whether you’re running a lean team or managing a multi-entity, multi-generational structure. The platform eliminates the manual work, increases transparency, and ensures data is always up to date.

Key benefits:

• All your reporting in a single source of truth
• Fewer spreadsheets, fewer errors
• Faster decision-making based on accurate, timely data
• Configurable dashboards and export-ready reports
• Secure, role-based access for family members and advisers

Consolidated reporting for family offices becomes easier and better, enabling them to operate with clarity and control.