What Are Business Reports & Why TheyAre Important: Examples & TemplatesByBernardita CalzoninDashboarding, Oct 1st 2021Table of Contents1) What Is A Business Report?2) Types Of Business Reports3) Business Reports Examples & Samples4) Why Do You Need Business Reports?5) How To Setup A Business Report?In your daily business, many different aspects and ‘activities’ are constantly changing –sales trends and volume, marketing performance metrics, warehouse operational shifts,or inventory management changes. All these little alterations in your business activitiesare impacting the global well-being of your company, your warehouse, your restaurant,or even your healthcare facility. Whether you manage a big or small company, businessreports must be incorporated to establish goals, track operations, and strategy, to get anin-depth view of the overall company state.But with so much data being collected daily from every department, static businessreports created manually will not provide your company with the fresh business insightsit needs to stay competitive. Businesses that want to succeed in today’s crowded marketneed to leverage the power of their data in an accessible and efficient way. This is
where modern business reports created with interactive data visualizations come to therescue.Traditional means of reporting are tedious and time-consuming. Due to the way thehuman brain processes information, presenting insights in charts or graphs to visualizesignificant amounts of complex data is more accessible and intuitive. Thanks tomodern, user-friendlyonline data analysis toolsarmed with powerful visualizations,companies can benefit from interactive business reports that are accessible andunderstandable for everyone with no need for prior technical skills.Here we take the time todefine a business report,explore visual report examples, andlook at how to write one for various needs, goals, and objectives. In the process, we willuse anonline data visualization softwarethat lets us interact with, and drill deeper intobits and pieces of relevant data. Let's get started.Your Chance:Want to test professional business reporting software?Explore our 14-day free trial. Benefit from great business reports today!What Is A Business Report?A business report is a set of data that provides historical information related to acompany’s operations, production, specific department’s insights, and creates a base forfuture decision-making processes or factual insights needed to organize businessfunctions.To understand the best uses for business reports it’s essential to properly define thesekinds of reports. According to authors Lesikar and Pettit, “A business-style report is anorderly, objective communication of factual information that serves some businesspurpose”. It organizes information for a specific business purpose. While some reportswill go into a more detailed approach to analyzing the functionality and strategies of aspecific department, other examples of business reports will be more concentrated onthe bigger picture of business management, for example, investor relations. That’swhere the magic of these kinds of reports truly shines: no matter for which businessgoal you need, their usage can be various and, at the same time, effective.
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