Did you know that around 50% of small businesses in the United States fail by the end of their 5th year? If you want to make sure you stay out of this statistic then you might be considering adding reporting software to your toolbox to help you make more efficient reports. We have put together this short guide to share what business reporting software is and the top advantages.
Keep reading to learn the ins and outs of reporting software.
What Is a Reporting Software?
Reporting software in lamest terms connects with data sources to gather information and to provide insights. The insights are provided in the form of charts and graphs to make it easier to read the information. These charts and graphs also make call center reporting a lot easier.
Business reporting is automated by collecting data from the database. This provides organizations with a lot more accurate and efficient reports than using something like Excel.
These are the top advantages of using reporting software:
1. Simple
One of the main benefits of reporting software is that they are simple. Their simplicity ensures that those that are in the organization can easily and quickly customize reports and generate them for their own use or to share with their teams.
Its simplicity also makes it easy for everyone to learn how to use the software without spending weeks on training. You will save money because you won’t have to pay new employees for long training hours.
2. Customization
The best reporting software out there allows everyone in your business to customize reports. This eliminates the need to have multiple programs, you can now have one single application to create anything and everything when it comes to reports.
3. Outputs
Another benefit of reporting software is that it has the ability to produce many different outputs. This means that organizations are able to share reports easily across the organization. Not only can the reports be shared within your organization they can be shared externally as well.
Features
One of the great features of reporting software is that they have highly interactive capabilities. This allows users to present reports in different levels of complexity.
Another common feature in reporting software is that there are visually rich dashboards. These dashboards can produce reports that are customizable for print and for video. You can easily give a general view of the organization’s progress.
One last common feature worth mentioning is the ad hoc reporting feature. This feature allows users to customize and schedule reports without having to ask for requests every single time.
Feeling Like a Reporting Software Pro?
We hope that now that you know what reporting software is and the top benefits of using reporting tools in your business will allow you to make better business decisions.
Did you find this article useful? Keep browsing our business section for more tips and tricks.