Reporting automation: The new benchmark for best practice operations
22.07.2024 – Contributors
GPs have always accepted manual processes as unavoidable in producing a significant proportion of internal and external reports.
Compiling data from multiple sources in Excel, performing calculations, adding commentary, getting data from third-party service providers, adjusting the format… a fully automated, digitized solution would be great, but all too often we conclude it’s easier to just roll up your sleeves and do it yourself!
However, times are changing.
Click here to read the original article from Holland Mountain.
Against the backdrop of GPs seeking to increase the frequency and scope of key reports – especially around the portfolio where monthly rather than quarterly reporting is becoming increasingly common, inefficiencies inherent in preparing specific reports are being amplified.
LPs are also demanding more and more reporting, more and more frequently, often imposing bespoke templates that their GPs have little ability or appetite to push back on.