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A Successful ERP Reporting Strategy

As your business grows, so does the complexity of your data. An effective ERP reporting strategy can help you make sense of it all and make better decisions for your business.

Table Of Contents

A comprehensive and ultimate ERP reporting Strategy

Here’s what you need to know to develop a successful ERP reporting strategy:

  1. Define your goals
  2. Collect the right data
  3. Choose the right tools
  4. Automate your reports
  5. Get the right people involved


By following these steps, you can develop a successful reporting strategy that will help you make better decisions for your business.

The ERP software market per year is more than $25 Billion, which grows 10-20% every year globally.

Creating a future-proofed ERP reporting strategy

Most businesses rely on enterprise resource planning ERP software to manage their operations. This ERP software provides a central repository for all the real-time data generated by the various business processes. In order to make informed decisions, businesses need to be able to generate accurate reports from this real-time data. However, generating accurate reports can be a challenge, especially as businesses grow and change over time. This is why it is essential to have a well-thought-out reporting strategy in place.

Sometimes, technologies are deployed without considering the high-end results and hence it becomes complicated to maintain since new requirements are developed in an inflexible work architecture. If you have ever considered the reason then it is a shortage of a complete ERP reporting strategy that indicates governing, synchronising and integrating structure to business goals.

Key Elements of a Successful Reporting Strategy

An effective reporting strategy is a key to the success of any enterprise resource planning ERP software. The right strategy will help you get the most out of your investment by providing accurate and timely information that can be used to make informed decisions.
There are a few key elements that should be included in any successful reporting strategy:

Major Principles for Designing a Reporting Strategy

For companies to define reporting strategy, there are a few major principles to think of-

Truth version

Collect data from various sources and convert them into a single data platform. This would allow genuine performance throughout the common data elements set. However, common data platforms allow different hierarchies of equal data analysis to offer a basic yet practical understanding of reporting applications.

Accurate reporting

ERP reporting tools must have the reliability to carry out accurate queries while developing reports to review the analytical, management, and operational requirements. However, this will skip the consolidation of annual management reports and enhance accurate data delivery while making more time for the analysis of data.

Data consistency & governance

Support reporting and data governance standards, policies, and functions to place a regular baseline and data quality measurement along with reporting packages. Also, skip complex collection of metrics functions to generate on-time delivery and flexible performance measures.

Defined access and data architecture

Approaching common data factors/elements are required to have restrictions by security duties that make sure that users can get an accurate insight of the company data. Also, getting access to ad-hoc query tools should also have restrictions with a business requirement. 

Reliable architecture

The ERP reporting program and its concerned tools should be allowed by the architecture that will leverage users across the globe in the finance company with one of its kinds of reporting needs. It will enable the development of worldwide reporting as well as technology standards through various business units, locations, and countries that will avoid complex statements. 

Approx. 88% of organisations' ERP implementation helped them to succeed