MIS Reporting

Accounting & Bookkeeping /

MIS Reports are reports required by the management to assess the performance of the organization and allow for faster decision-making. There is the management, the information, and the system. At the heart of it, such a system is one that will provide important information to the management of the company. The following are some of the justifications for having an MIS system

Decision makers need information to make effective decisions. Management Information Systems (MIS) make this possible.
MIS systems facilitate communication within and outside the organization – employees within the organization are able to easily access the required information for the day to day operations. Facilitates such as Short Message Service (SMS) & Email make it possible to communicate with customers and suppliers from within the MIS system that an organization is using.

MIS

Reporting

Some type of management reporting are as below:-

Accounting reports- to obtain information on the financial position, operational performance and economic activities of the business.
Financial reports- to determine the financial condition of an organisation as required by shareholders, creditors and government units.
Inventory reports- to manage the Inventory effectively since the actual status of stock items is obtained.
Management control reports- to utilize budgets, cost center reports, scenario reports etc. for controlling activities.

Management information systems find their way into just about every aspect of a company. They work with the people in the company, the technology in the company, its products, and the inter-relationships between all of these on a day-to-day basis. If company implement an MIS system, then the levels of efficiency could potentially achieved.

We are committed to make our clients business more efficient and processes more streamlined.

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