# Automating performance fee calculations for accuracy and efficiency

> An asset management firm · Financial Services

How automating performance-fee calculations helped an asset manager cut calculation time and discrepancies while improving revenue forecasting.

## At a glance

- **30%** reduction in calculation time

## What was the problem?

The asset manager's performance-fee calculations relied on third-party vendors, internal verification and manual Excel work. Complex fund nuances made reconciliation time- and resource-intensive and undermined the accuracy of future revenue forecasting.

## What did QuantSpark do?

QuantSpark built a tool that automates data ingestion from multiple sources, calculates fees and generates comprehensive reports, flagging discrepancies against third-party data and providing interim calculations to ease reconciliation. The same engine produces accurate per-fund reports that make fee forecasting straightforward and improve service efficiency for clients.

## What changed?

The automation reduced discrepancies and calculation errors by 15% and cut calculation time by 30% through automated ingestion and processing, while an improved forecasting suite supports a more advanced revenue strategy.

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