{"id":3004,"date":"2022-01-31T14:43:08","date_gmt":"2022-01-31T13:43:08","guid":{"rendered":"https:\/\/interesting-jones.178-33-83-176.plesk.page\/business-reporting-how-to-take-the-pulse-of-the-company\/"},"modified":"2022-01-31T14:43:08","modified_gmt":"2022-01-31T13:43:08","slug":"business-reporting-how-to-take-the-pulse-of-the-company","status":"publish","type":"post","link":"https:\/\/interesting-jones.178-33-83-176.plesk.page\/en\/business-reporting-how-to-take-the-pulse-of-the-company\/","title":{"rendered":"Business reporting: how to take the pulse of the company"},"content":{"rendered":"

Knowing your company’s data allows you to have a complete overview of the state of health of your company. If you have managerial responsibility for a business, the questions to ask yourself are many. At the end of the financial year does the company show a profit? Which are the most productive areas? Is it the case to buy new plant? Is it better to request new financing? To be able to give a clear answer to all these questions you have a very valuable tool available: business reporting<\/strong>.<\/p>\n

Business reporting: definition<\/h2>\n

The business reporting system<\/strong> is fundamentally a table that contains numbers and data that must be read in the correct way in order to obtain valuable information. To do this you have to bring out the most important elements and leave out the ones of little relevance, thus transforming business reporting models<\/strong> into genuine forms of communication.<\/p>\n

The examples of business reporting<\/strong> are many and can concern: sales statistics, warehouse statistics, production statistics, the budget and the business plan, financial statement analysis, and so on. This enormous mass of data and numbers must be channelled in a targeted way in order to choose the most appropriate strategies and possibly adopt the necessary corrective measures.<\/p>\n

Business reporting on Excel<\/strong> can seem difficult to read, especially if there is an overabundance of data, percentages, numbers and information. Business reporting must therefore be intuitive and immediately bring out the most relevant data. Company data is an extremely valuable resource to make the most of. <\/p>\n

We at We Are Fiber<\/strong> know how to collect the data in order to carry out management control and business reporting<\/strong>, so as to provide you with clear and intuitive data to work on in order to keep your company always in perfect shape.<\/p>\n

The various types of reporting in business economics<\/h2>\n

\"Business<\/p>\n

There are different types of business report, but we can divide them into two main macro-categories: directional and operational. The difference lies mainly in the recipients of the control activity.<\/p>\n

Directional reports<\/strong> are addressed to the management and to the top managerial figures who, having precise data available, can in a short time take important decisions or implement sudden changes of strategy. Operational reports<\/strong>, instead, are intended for the managers and the intermediate bodies.<\/p>\n

Depending on the purposes, the reports also present important differences of a structural nature. Directional reports are much more concise since they have to ensure transparency, clarity and immediate comprehension. Operational reports, instead, are more detailed because they are intended for responsibility centres that have to guarantee a more careful and scrupulous control of the various company sectors.<\/p>\n

How to create a perfect business report<\/h2>\n

Let’s now analyse an example of business reporting<\/strong> that guarantees clarity, comparability, flexibility, timeliness, relevance and regular distribution.<\/p>\n

First of all, you must not use a generic name, such as, for example, table 1 or scheme 1. Your report must have a clear title<\/strong> that is immediately identifiable. During a meeting there can be numerous sheets and tables on the tables and the aspects to be assessed are various, so the report must have a title that is intuitive for everyone without having to read the internal descriptions to deduce its content. Make sure to put the title outside the table, position it above and aligned to the centre and use appropriate, easily recognisable fonts and colours.<\/p>\n

The analysis of the budget and of business reporting<\/strong> involves the use of a voluminous quantity of numbers. Many errors depend on the use of the values after the decimal point which, in plain terms, are equivalent to the cents of euro that do not shift the company’s balance. The best thing to do is to round off, making the report more readable without giving up precision. In the same way you have to separate the thousands to have greater visual and mental order.<\/p>\n

The brain is used to reasoning in a schematic way: when reading or writing you always start from the left, whereas the analysis of a number starts from the right. In order not to force the brain to make an excessive effort, losing sight of what matters most, namely the correct reading of the report, the numbers go to the right, the descriptions to the left on the first column, and the report title and the column descriptions on the first row in the centre.<\/p>\n

Many numbers dancing before your eyes can be difficult to read. In order not to strain the eyes too much it is enough to alternate the rows with white and soft grey, demarcating them with clearly visible black lines. Grey is also suitable for the internal borders of the table, since it increases the contrast and improves readability.<\/p>\n

A final attention should be directed to printing<\/strong>, an operation that is anything but secondary. First of all it is advisable not to print an excessive number of numbers, selecting only those that have a relevant weight in the final decision. If instead they are important data that you cannot eliminate, print the report on an A3 sheet, so as to favour the process of analysis and comparison.<\/p>\n

Now you know how to create your business report, and we at We Are Fiber<\/strong> are the ideal partner to collect valuable data about your company, so as to be able to analyse it and take strategic decisions that are fundamental for the future.<\/p>\n

CONTACT US<\/a><\/strong><\/p>\n

Email: info@wearefiber.com<\/p>\n

Phone (It): +39 024 210 1122<\/p>\n

Phone (UK): +44 203 870 4408<\/p>\n","protected":false},"excerpt":{"rendered":"

Knowing your company’s data allows you to have a complete overview of the state of health of your company. If you have managerial responsibility for a business, the questions to ask yourself are many. At the end of the financial year does the company show a profit? Which are the most productive areas? Is it […]<\/p>\n","protected":false},"author":3,"featured_media":2475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-3004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bpo-operations"],"yoast_head":"\nBusiness reporting: how to take the pulse of the company | We Are Fiber<\/title>\n<meta name=\"description\" content=\"More and more companies are turning to business reporting, a mix of techniques and tools to obtain information on the company state of health.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business reporting: how to take the pulse of the company | We Are Fiber\" \/>\n<meta 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