Most management reports are produced using Excel either weekly or monthly. Raw data is imported from other business systems so as to be used in Excel to produce the reports. To make it easier to produce the reports each week or month, the Excel report needs to have a structure that allows easy and quick update of the reports.
Ensure that you designate one or more sheets to be the raw data sheets and have the management reports sheets linked to the raw data using formulas. This will then mean that every week or month, you only need to refresh the raw data sheet(s) and the management report sheet(s) will automatically be updated. The process of producing the management reports then becomes much simpler and faster during the report cycle period.
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