Good management reporting should deliver timely, accurate and concise information at the right time, in the right format, with the right level of detail to the right people.
Sadly, for many businesses the promise of good management reporting never delivers. Instead, reports are cobbled together using ad hoc spreadsheets or powerpoint presentations which contain out of date information. Further confusion is created when data is presented in lots of different formats using various terminologies and definitions. All of this undermines trust and causes valuable management hours to be wasted trying to decipher which version of the information is reliable.