Financial reporting and annual reports are a daily part of business life. The design of external and internal reporting is a challenging and complex task. A consistent and easy-to-understand reporting design for business reports is important, as misrepresentations can easily mislead decision makers into misinterpretations. In the theroy, there is agreement on the overall three principles of reporting design. On the one hand, the forms of presentation used should be simple, clear and standardized.
Controllers today are required in reporting to process significant amounts of data so that managers can draw the necessary conclusions quickly and accurately. In addition to the selection of the "right" content, the focus is increasingly on optimal visual processing.Very different patterns of perception among decision makers require a professional, standardized implementation of the reporting design.To achieve this goal, a broad project experience and efficient project management are mandatory. This is the only way for effective reporting to emerge from naturally grown and decentralized reporting.
The scope of application includes all types of company reports and ranges from reports for specialist departments such as production, sales, etc. to top management reports and classic business reports. It is detached, whether it is a print version or a reporting dashboard solution - even the current medium such as the PC, the tablet or smartphone does not matter.
As part of our reporting development for the CoPlanner software, we try the principles of Prof. Dr. med. Rolf Hichert (www.ibcs.com). The rules of Prof. Dr. med. Hichert is an optimal support for the standardization and consolidation of information in reporting. Thanks to the IBCS® standards, annual reports are visually and content optimized. The basic rules of Prof. Hichert are part of an intelligent controlling.
Defining the target audience of the dashboard exactly
Integrate only audience-relevant data
set the timeline dashboard update
choose a suitable and meaningful way of the dashboard
Logically group and group data together and define a suitable layout
Use visualization forms, languages and symbols that are uniformly communicated and familiar in the enterprise. Preferably, follow the guidelines of information design
Provide a simple and clear overview, user-friendly navigation including drill-down functions
Test all dimensions and representations
If necessary, provide appropriate assistance or instructions / online documentation