With the change in the business environment, the process of developing and presenting reports is also advancing at a rapid speed. About two and a half decades ago, hand written reports were used to communicate with the stakeholders of the business firms about the progress of a company. Now reports are developed and presented using assistance from the modern day technology and Microsoft word usage is one of the biggest examples of integrating computers in report developing. Another aspect in which the progression regarding the reports can be witnessed, is their transparency and speed of delivery. Every single business firm working in current business culture is pressed to show significant improvements in their reporting systems.
The reason behind giving so much priority to business documents and reports is that they show the face of the firm to the concerned people and through them, specific information about the organization is exposed. These reports not only play a vital role in satisfying external stakeholders, but it also acts as a source of motivation to the internal resources of a firm, for example, reports are used to tell employees about the goals and achievements of the firm and how they achieved brilliance with employees’ help. It also helps firms to track their progress, analyze it and then take management decisions accordingly in the best interest of the business. Managers who follow up business reports frequently outperform other with a significant margin.
VTiger 7 Embedding Brilliance in your Business using Reports Module
This module is specially designed to make your reports simple yet effective, this feature offers every tool required to make reports speedy and transparent without sacrificing the integrity of your business. Here I’ll provide some insights regarding reports which will facilitate you while developing business reports:
- Report Generation: While generation of report make sure to provide correct information in regard to following fields
- Report Name: As its name suggests it will be used to identify the report you are going to create
- Report Folder: This is the folder in which you report will be saved
- Report Module: It will specify the module related to which you are going to generate a report
- Select Module (MAX 2): Here you will specify the modules from which different fields can be integrated into report
- Description: In this field, you are required to specify the purpose of the report, why are you generating it or you can say it is a memo related to the report.
- Share Report: this option is related to privacy of the report, using this option you can grant view and edit rights to the other members of the organization. Default option allows all the members of the firm to view the specific report.
- Schedule Report: If you want to generate reports after a regular interval of time this feature is of great use to you. Using this feature you can schedule automatically generated reports after a specific period of time.
- Selecting Columns: this feature helps you in designing the columns for the report you are going to generate. The maximum number of columns that you can embed in your report is 25. You can also categorize them in different groups and sort them in ascending and descending order.
- Calculation: VTiger 7 report module provides a wide range of calculation operations that can provide great assistance to you in designing financial reports.
- Filters: you can use different filters using which you can sort your reports
In addition to the above-mentioned options you can also select the set the frequency and interval of dispatching reports to the concerned people. You can also customize the lists of report recipients by following some simple procedures.
Benefits of Using VTiger 7 Report Module
It offers a diverse range of benefits to your business and can enhance your report generating process. Some of the most prominent benefits of using this tool are discussed below
- This feature helps you in evaluating and communicating the standing of your business. Using it you can analyze which department or sales reps need assistance and which are performing well. It makes the reports also known as the face of business more attractive and convincing in front of customers. Using this you can formulate marketing strategies in accordance with your type of business and current market trends.
- This tool helps you in gathering data on which your business decisions are based. As it keeps history of past reports so you can examine the past tends to forecast future sales and carry out the process of procurement accordingly.
- Usage of this tool integrates transparency in your reports as using it you can generate reports using automated procedures which make increases the integrity of reports and make them more legit in terms of logic
- This tool also help you in aligning your reporting objectives with the overall strategy of business firm and make a more rational and logical relation between reporting practices and your firm’s business ideology
Incorporate this tool in your business operations right now and make things simple not only for your stakeholder but also for yourself. VTiger 7 report module is a must have feature for every company operating in the current competitive business landscape.