Reporting 4.0 - efficient, fast and reliable
Corporate reporting has often grown historically. Inquiries and special evaluations are part of standard reporting and infrequently, key figures are regularly checked with regard to your control action.
Reporting is part of the management and control system and helps to translate the essential guidelines for the business model and the strategy so that they can be present in the daily work and have an impact. Therefore, a meaningful reporting concept is based on an analysis of the business model and the strategy. In order to focus the management on the essential requirements for action, the key figures must also be distinguished with regard to your content.
Just as in everyday life, there are sizes that describe the state and influence of the environment on the business, the business driver. As in everyday life the temperature may be the same in business. the business climate index, market growth or the Baltic Dry Index. More important are the key performance indicators, which provide the management with information on whether to achieve goals and to implement the strategy as planned and whether there is a need for action. Operationally interesting are then the possible measures and lever, their expected and finally actual effectiveness.
KPIs along the impact chain of business drivers through key performance indicators (KPIs) to control approaches must be assigned in the organization according to the responsibility. This allocation must also take into account other control tools, such as target agreements and budgets.
This is the basis for a meaningful reorganization of the reporting with the aim that every executive has the appropriate control information for their position. When designing the reports, it proved to be very useful to use a uniform notation for the entire company.
In this way, reporting contributes to the management at a glance to recognize the performance, the need for action and the effects of decisions.
Our broschures for Reporting 4.0
Notation, monthly statements, Top Management Reporting
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