Reports & Financial Controls – For focused Corporate Governance

The purpose of a good reporting system is to thoroughly visualize all data/information of relevance for your enterprise and its decision-makers. KPIs derived from this information illustrate the level of success of your enterprise’s operating tasks and projects. It is important for the reports to be transparent and complete. Moreover, they must reflect your activities correctly, since this is crucial for running your enterprise effectively.

Proper processing of data enables the system to deliver all relevant KPIs in one view to your enterprise’s management, analysts, and decision-makers. These reports in turn flow into your planning – not only at the management level, but also at the department level.

 

IBCS Approach to boost the efficiency of your Reporting System

Reports serve as the foundation of key decisions. Therefore, it is imperative that the content and KPIs therein are easily understood and correctly interpreted. Unfortunately, reports can often become difficult to read, because of differing scales, packed slides, and/or unnecessarily complicated wording. Hence, it is worthwhile to consider standardizing business communications to preclude misinterpretation, or wrong decisions in the worst case.

 

IBCS rules as the basis for an efficient reporting system

IBCS (International Business Communication Standards) offers guidelines and recommendations for achieving standardized reports/presentations. Seven conceptual rules can boost the quality of your written and oral business communications, and raise the efficiency of your system of reports.

 

AY – Convey your message: do you know the message you wish to convey?

NIFY – Unify the terminology: is similar content visualized in a similar manner to unify the message?

ONDENSE – Increase the information density: is there an overview of all relevant information in the presentation?

HECK – Ensure visual integrity: is all the information correctly and logically presented?

XPRESS – Choose proper visualization: are the right charts/tables included to express the desired information and message?

IMPLIFY – Avoid clutter: have you avoided complicated, redundant, distracting, or decorative characteristics to ease comprehension?

TRUCTURE – Organize the content: is the structure logical, with a convincing storyline?

 

If you answered ‘no’ to one or more of the above questions, you should let our experienced and IBCS certified consultants demonstrate, in a brief workshop, the latent potential that can be applied to optimize your reporting system.

Report Lifecycle Management – A Case of Process Maturity

 

Why it makes sense to manage the report lifecycle

Managers in diverse departments consider the expansion of report preparation services a costly affair: generally, the number of reports produced is considerably greater than the number actually used. The most common underlying reason is the lack of a defined process to remove or correct outdated and incorrect reports. That’s because reports – like all BI objects – have their own lifecycle. This has to be managed continuously and proactively, while the evolution of services delivered by reports require regular monitoring. Hence, you need a defined, mature process to optimally allocate scarce resources.

Innovative Reporting Solutions – b.telligent to optimize your Reporting System

With no ties to any particular technology, we possess the technical know-how to integrate reporting programs from a host of manufacturers – including market leaders like SAP and Microsoft, and others like Longview, Cubeware, Board, Tableau and Qlik. Moreover, our consultants have extensive experience in requirements analysis, concept development, and execution of reporting and analysis programs. 

We are happy to assist you in developing improvement concepts and measures. Count on us at b.telligent to help boost the efficiency of your in-house and external reporting systems – and thereby give you a headstart versus your competition.


Stefan Kersten

Kontakt

Stefan Kersten
Competence Center Manager
DE +49 (89) 122 281 147
CH +41 (44) 585 39 84
marketing@remove-this.btelligent.com

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