Reporting has always been a bug bear for finance. In a company, different departments, divisions, and stakeholders all need a feed of information and in different formats. Reporting has often run from an ERP with restrictive processes flexibility.
As data and communication is the glue which ensures everyone in an organisation as well as external parties need to measure performance, results, aims and understand the direction and plan of the business. It is important that you have confidence in your reporting tools.