What is management reporting?
Management reports aim at informing managers or directors about different aspects of the business, in order to help them make better-informed decisions. They collect and analyse data from various departments or sources within the business and track key performance indicators (KPIs) in order to present them in a simplistic way.
Reporting for management provides insights about how the company is performing, and allows decision makers to find the right route to increase efficiency and profitability.
What is a KPI?
A key performance indicator is a measurable value that demonstrates how effectively a business is achieving its key objectives. Businesses use KPIs at multiple levels to evaluate their success at reach targets. High level KPIs may target overall performance of the business, while low level KPIs may focus on process in departments such as sales and marketing.
Examples of KPIs could be:
- New contracts signed per month
- Hours spent on sales pitches
- Average time conversion of a client
- Revenue growth
- Gross profit margin
- Inventory turnover
- & many more!
Why use Treetops for management reporting?
Management report findings are only useful if the data utilised within the reports are accurate and valid. Generating and analysing data is often a time consuming and complex process and one that takes managers or decision makers away from taking action.
By using Treetops to do your management reporting you know you can rely on the data and we can even offer advice as to how improve your KPI results.
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