Many businesses have business reporting systems in place. However, without identifying what needs to be monitored and measured, there is no clear way to track and report on the KPIs (key performance indicators) of the systems. Cogent Analytics strongly recommends measuring results, or KPIs, as they dramatically optimize business decision-making. These results must then be shared with the team to ensure everyone is “playing the same game.” Building an effective business reporting system requires some diligent work along with a good share of creativity. Using and sharing your results is a fundamental requirement for business success. With proper reporting systems, the right information will provide for clarity in business decision-making, both tactically and strategically.
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