What is a reporting process?
The reporting process encompasses all the activities required to deliver reports. There is increasing pressure for the (near) real-time availability of reliable management information because:
- Management needs to make timely adjustments.
- Stakeholders (such as investors and lenders) seek confirmation that they are dealing with a (financially) healthy organization.
- Quick delivery of reports is only meaningful when the figures and other data meet the desired quality. Among other things, the closing process plays a significant role in ensuring reliability.
However, the reporting process actually originates from the primary recording of data. Therefore, an integrated approach is essential to optimize the reporting process.
Determine the Goal, Make a Plan, and Get Started
Determine the goal, make a plan, and get started. Does that appeal to you? Then start your journey towards growth and success now, completely free of charge. We give you 14 days to experience our structured Route ICR approach, from step-by-step plans and e-learning to collaboration and improvement plans. And there's no obligation!
Also read Successful entrepreneurship can be learned.