Bandia Capital

THE PROBLEM TO SOLVE

As Chief Investment Officer, Ciara’s role involves conducting financial analysis, formulating strategic decisions, and communicating these insights to the management team. She needed a platform that could be the single source of truth for all their financial data. 

Having recognised the limitations of master spreadsheets, Ciara looked for a solution that could help her not just with her day-to-day tasks, but also long-term strategic decision-making for the company.  

RESULTS WITH ASORA

THE MAIN CRITERIA FOR SELECTION

Spreadsheets can be difficult to work with when it comes to the level of detail and management required. It can also create room for human error. 

Thus, the main criterion for selecting family office software was data input accuracy. There was also a need to eliminate manual loading of general market data like prices and FX rates, so Ciara could focus on strategy and decision-making.  

Most of all, it was important that the data could be seamlessly integrated into the system and gaps could be identified without manual intervention.  

DECIDING TO GO WITH ASORA

Ciara looked into the different specialist systems available, including multiple family office platforms. Each one had a specific angle, and what she liked about Asora was that it automatically aggregates all data from banking providers into a single source of truth.  

THE EFFECTS OF USING ASORA

Asora made it easy to access information, helping Ciara quickly retrieve data that would have otherwise taken considerable time. This helped her manage her research quicker when creating presentations for her monthly finance meetings and answering questions from the principal and senior management on the fly.  

“The biggest benefit is being able to respond to questions in real-time. The Asora charts are simple enough that anyone can understand it, so I can share screen to show where I’m getting the answer. It gives my team another layer of confidence in me.”
Ciara Wyer
CIO, Bandia Capital

Asora’s user-friendly graphics simplify complex data for non-investment professionals. Ciara finds that the charts and reports on most other financial platforms can be intimidating, whereas the Asora chart of NAV is simple enough that anyone can understand it, which she finds helpful when presenting. 

Ciara notes that several new features improve her understanding and interpretation of the data. One example is the Wealth Map, which Ciara finds works well in discussions about operating companies. The Wealth Map shows all owners and assets in a single view instead of with master spreadsheets, which required moving between several tabs.  

LESSONS AND ADVICE FOR OTHER FAMILY OFFICES

Ciara finds that with simple and clean UI, everyone can understand the data, regardless of their background or expertise. Decision-making becomes easier when the firm can use real-time data and insights.  

Software is considerably more intuitive than master spreadsheets and requires lesser manual intervention. This in turn reduces chances of manual errors, which can affect performance and forecasting. 

FINAL REFLECTIONS

Asora’s automated data aggregation ensures Ciara stays informed about portfolio performance in real time and can create detailed presentations using data and graphics from the platform with ease. 

Asora’s real-time data sharing enhances confidence in Ciara from the family office’s non-investment professionals and offers her the ability to respond to questions instantly with live data.  

The benefits that Ciara has gained from using automated data aggregation for her family office show the advantages when moving from spreadsheets to Asora.