Ad-hoc reporting

Fast, clear and yet precise.

Ad-hoc reporting is a modern form of information exchange within a business or organization. As businesses are constantly changing, the questions that decision makers seek answers from in their data also changes. Subsequently, any reporting tools or systems must provide Ad-hoc reporting ability for the organization to be able to keep pace with changes.

What is Ad-hoc reporting?

Ad-hoc reporting is the creation of a report on a current event. In contrast to standard reporting, reports are created when there is a specific need for information.

If this information is required more frequently, a standard report can be generated from an Ad-hoc report, for example, after the report has been enhanced in terms of content and appearance.

Advantages of using Ad-hoc reporting technology

Why is Ad-hoc reporting important?

In a narrower sense, an ad hoc report is a spontaneous report that displays information in a table or graph. Ad hoc reports are usually brief and the result of a question that has not already been answered in standard reports.

As there is a limit to how many questions that can be anticipated and answered with traditional types of reporting, ad hoc reporting can be very useful to answer unexpected questions that arise after a more careful examination of the data.

Not all ad hoc reporting is the same. Sometimes, finance professionals are looking for reports that can be reused for future reporting. Sometimes, only a single data query is needed to extra a record. Digital tools can support smoother and more efficient data queries.

Ad-hoc reports can fill specific business needs such as:

  • Investors demand the latest business metrics
  • Departments need to know current Key Performance Indicators (KPI)
  • Management requires additional data on different revenue lines

How is an Ad-hoc report created?

In the age of Digital Transformation, modern digital tools offer efficient solutions that quickly outpace the old methods of creating Ad-hoc reports. Faster, more targeted, and more efficient tools for reporting can include categories such as:

  • Sales
  • Liquidity

  • Stability of corporate financing
  • Ratio of total assets to equity
  • Sales trends

  • Customer development

  • Loss development

  • Forecast of margins
  • Key figures for employee data

Discover the EPM software Jedox and simplify your planning, analysis and reporting.

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