Why Do You Need an Automated Project Reporting Software?

The Internet revolution has brought several changes in the way we work and automatic reports are one of the best innovations in business. It saves long manpower hours when project reports are generated automatically instead of manual updates.

Calculating numbers and creating reports can be a tedious task for you. And, I am sure as a project manager, you would prefer to devote more time to important work than to create daily or weekly status reports.

Do not worry, you can now know the status of projects completed in the blink of an eye through project reporting software. Reporting software will save a lot of time of both manager and team and will create consistency in the frequency of reports generated with better quality.

Here is a list of reasons, why managers and teams should use reporting tools for their projects. Take a look at a few of them:

Accurate reports
During manual update of reports, there might be some human errors like wrong selection while copying the data and more while hitting copy and paste at the wrong section. A small error during the process can bring the wrong estimation for everything. By choosing an automated method of reporting, your business can get accuracy and precision in almost everything. An online project reporting software will save you from any human errors hampering your productivity. You will be able to deliver reports quickly and ensure that things are accurate.

Saves a lot of time Manual reports involve a practice of sharing reports as the team members submit their reports to their managers, who distributes the overall status report to all concerned members by copying and pasting it. More the number of team members, more will be the number of reports and the longer will it take to generate them. Thus, it results in over flooding of work. To remove this difficulty in sharing of reports, automatic reports in a project reporting software can do wonders for your business.

Prepares business for audits An automated reporting tool can support a business during audits as it will ensure the business is prepared properly. It will keep the transparency and make the documentation work easy during the sudden audits. In manual submission of reports, there is no record of who made changes to the data and documents. So, an automatic reporting system will also allow users to see who made the changes and when did it occur.

Improves efficiency and frequency of analysisIn this fast moving industry, it becomes difficult to cover up things before the end of the day. During the manual process of making reports, it required a lot of efforts, thus some reports get built only once a month. By the time you make reports and then you see something going wrong, you may have already wasted a lot of your efforts and money.  With automated analysis of reports, any small problem can be quickly recognized and resolved in quick time. It also speeds up the process of gathering data and creates a more efficient system of finding reports.

Are you surprised with the advantages it can provide to your business? Nobody likes to do things over and over. When it comes to tackling of status reports, online project reporting software will be your savior.