Benefits for Reporting and Analysis
Reporting can be conceived as a system of intercompany statements and reports, utilized not only for controlling and evaluating results achieved in past period. Outputs in the form of statements and reports should also be used for decisions about measures for improving company performance in the future. Unfortunately, even nowadays, many companies see the regular reporting as routine, exhausting and not very popular activity. We often see a "fight for data" every time after accounts final.
These data are then filled into many more or less standardized tables. As the complexity and size of the company grows, the “bottom-up journey” of the data, ergo the process of getting the data from lower-level organization units to the top management, which should be the user of these reports, is more and more thorny and lengthy.