What is meant by Management reports?
A management report is a comprehensive document that presents the course of business, business results, and the current situation of a company. It complements the annual financial statements and provides an overview of the financial and non-financial performance as well as future prospects of the company.
Typical software functions in the area of "Management Reports":
- Data integration: Consolidation of financial data, performance indicators, and qualitative information from various company departments.
- Report structuring: Automatic structuring of the management report according to legal requirements and company standards.
- Key figure calculation: Automatic calculation and presentation of relevant financial and non-financial performance indicators.
- Forecast modeling: Support in creating future forecasts and scenario analyses.
- Compliance checking: Verification of report content for compliance with legal requirements and reporting standards.
- Version control and approval processes: Management of different report versions and support of the approval process.
Examples of "Management Reports":
- Economic report: Presentation and analysis of the course of business and the company's situation.
- Forecast report: Assessment of the future development of the company.
- Risk and opportunity report: Presentation of significant risks and opportunities for the company.
- Research and development report: Overview of R&D activities and their significance for the company.
- Non-financial report: Presentation of environmental, social, and governance aspects.
- Remuneration report: Disclosure of remuneration structures for the management board and supervisory board.