Is internal reporting at most funds really so Excel & PPT heavy still?

Hi there,

I spent some time at a BB before moving into Big Tech. Did a variety of data roles, with my last 4 years running a Finance team (FP&A and Sales Finance). In Big Tech, we used a ton of SQL and other automation so that slides & reports on operational performance were fully automated. This is not rocket science, but scales really well.

I moved to a PE to be head of data there this year, and my mind is blown how manual and old-school the reporting is. I understand that DD on a deal is ad-hoc, but quarterly portfolio updates and the data for LP reporting is just a shitload of Excel, PPT and willpower by the employees. You can build a setup once (takes a few hundred hours altogether) for a fund where repetitive reporting is 90%+ less shitty.
Is this really the norm in the industry?

Most Helpful

Tbh we’ve tried to automate these processes over and over and every time we try some new high tech solution the outputs are riddled with errors. Cross checking them ends up taking the same amount of time as just doing it manually.


I hear that the out-of-the-box packages blow, just like you can’t buy an excel template and be done with it.

My point is that data eng + sheets works for companies at 200bn+ in rev; you can automate quarterly portfolio slides or at least 90% and tidy with sheets.


Every solution we've tried to implement for this has ended up taking more time than it saved in data input and checking. There's no standard across portcos in how they report / send us data plus each quarter there's typically a myriad of PFs and adjustments to make. Add to that most PE associates are using excel/PPT every day and are pretty efficient / comfortable with them it's difficult to switch. 


iLevel and Dynamo are an ok starting point, but checking & transforming the data to then get it into sheets and slides still is 80% of the job after. In bigtech it’s code, vs software, that does a lot of that work and then sheets + slides. Just surprised because I know how this stuff can work, but funds don’t do it.

I moved last year*, and some of the stuff I built has already automated 50-70% of portfolio reporting crap away.


Hic esse eum velit quis accusamus. Corrupti ratione sequi dolorem error iure eum. Velit doloribus sit et et commodi.

Voluptatem dolorum assumenda officiis. Quia temporibus aut qui molestias. Molestias est odio voluptatum est optio beatae ducimus.

Atque et id voluptatem. Voluptatum atque et aliquam voluptatibus voluptatum at quaerat. Consequuntur ut quia aut aut ratione voluptas. Numquam aut possimus aut est.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”


redever's picture
Secyh62's picture
Betsy Massar's picture
Betsy Massar
BankonBanking's picture
dosk17's picture
GameTheory's picture
kanon's picture
CompBanker's picture
Linda Abraham's picture
Linda Abraham
numi's picture
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”