Reporting process

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:

1. Management needs to make timely adjustments.
2. Stakeholders (such as investors and lenders) seek confirmation that they are dealing with a (financially) healthy organization.
3. 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.

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