Manual reporting is quickly becoming a liability to companies competing in today’s fast paced market. With data entry errors and the time it takes to compile reports for important presentations, your organization could be falling behind without even realizing it. That’s why the Digital Board Book was created.
What is a Digital Board Book?
A digital board book is a quick and simple way for you to present the facts without all the fluff. Each review period, your accounting software will automatically compile a streamlined digital board book that you can send out to all of your managers. It will provide them with immediate answers to all of their performance questions in a format that is searchable and easy to read.
What Information is Included in the Digital Board Book?
Your digital board book can be made up of any of the key performance indicators that you rely upon. In addition, you can add minutes and notes covering all of your latest discussions to the board book so they can be neatly summarized in one place. Common metrics include customer acquisition cost, customer lifetime value, monthly recurring revenue, and churn. However, you can add any metric that you need to the list so your team can stay informed in just minutes.
How Easy is Compiling a Digital Board Book?
The goal of the digital board book is to streamline your reporting process by taking manual reporting out of the equation. Once you’ve decided what information you want included in your report, it’s as easy as clicking a button and the software will pull all of the data together and format for you. This process takes just minutes compared to the time it takes to compile a traditional presentation. You can also set your software to automatically create a new board book at regular intervals for an even simpler solution.
With accounting software from Merge IT, you can move your company out of the stone age and into the digital future. Digital board book reporting will change the way you talk about performance forever. Contact us today to learn more about software that’s perfect for your business.