Managerial reporting in information technology support

Abstract

An important aspect of managerial reporting in enterprises is the efficient utilization of information technology resources. The modern business environment is becoming increasingly complex and demands prompt and accurate data analysis for strategic decision-making. The aim of this research is to investigate how the use of information technologies helps improve the process of data collection, analysis, and presentation in managerial reports. The paper explores the role of information technology in enabling effective data collection, processing, and analysis necessary for managerial reporting. It highlights the crucial aspects of IT infrastructure for managerial reporting, including the use of specialized software, data management systems, analytical tools, and cloud technologies. These tools enable quick and efficient processing of large volumes of data, perform comprehensive analysis, and provide actionable information for managerial decision-making. Furthermore, it is identified that the implementation of modern information technology solutions contributes to enhanced managerial efficiency, risk reduction, and improved decision-making. The advantages of the IT approach to managerial reporting are examined, such as reduced reporting time, improved data accuracy and reliability, accessibility of information for various management levels, and enhanced analytical capabilities. In conclusion, a valuable overview of the role of information technology in managerial reporting is presented, emphasizing the necessity of utilizing modern technologies for effective organizational management, informed decision-making, and the achievement of strategic goals to attain competitive advantage and success in a dynamic business environment. All these aspects make this work interesting for managers and professionals interested in leveraging information technology solutions to enhance managerial reporting and achieve their organization's strategic objectives.