What is business reporting?
Many people in business are already familiar with reports. For example, a financial controller may review a Statement of Profit or Loss for the last quarter, a collections officer may review an accounts receivable ageing report, or a payroll officer may review outstanding annual leave entitlements for staff.
Business reporting is the transformation of raw data into a formatted, human-readable form to support users and assist them with their decision making. Business reports can exist in a few forms, such as traditional print-outs, interactive reports and dashboards.
Why would I need a business reporting solution?
Many software products ship with standard reports which have little or no customisation capabilities. While these reports may serve most of your reporting needs, you may have specific requirements which can only be met through time-consuming, manual data manipulation in a spreadsheet. Having a business reporting solution developed will allow you to generate these critical reports in seconds. This will lead to a significant reduction in labour costs and an increase in the quality of your reports.
Case study: Joe's Petroleum
Joe operates a large service station located on one of Sydney's busiest highways.
The service station has a fuel management system which records fuel sales, but unfortunately it has very limited reporting capabilities. Analysing fuel sales is critical for demand forecasting, so Joe had to resort to time consuming data manipulation in Excel to extract the information he required.
Joe contacted EYB Solutions for assistance, and a fuel sales report which automatically extracts and formats the data from the fuel system was developed. Not only did this save Joe hours of work per week, he also got some advanced features such as a real-time dashboard, graphs and more detailed fuel statistics.
With this business reporting solution, Joe has slashed the cost of his inventory management, improved fuel demand forecasting and increased his understanding of sales trends in the market.