How to Automate and Self-Author Your Reporting

In today’s data-driven environment, reporting has taken on a life of its own.

Whether it’s to meet regulatory requirements, fulfill internal needs, or deliver client documentation, the volume can be overwhelming. Basic requirements for visually appealing, easy-to-digest information add to the challenge. As the investments industry looks for ways to simplify operations, reporting and documentation are often top of the list.

However, with dated tools, unstructured processes, and teams who work in siloes, providing information to stakeholders in a format that’s both usable and meets reporting deadlines is a challenge.

New technology is rewriting how organizations respond to stakeholder obligations and use the full value of their data.

Deliver access to near real-time, tailored information

Traditional reporting methods, such as spreadsheets or word processing and presentation programs, often involve a time lag due to multiple stakeholders and complex data processing. This delay results in collaboration, data sourcing, and transformation challenges, raising questions about data validity. Advanced technology, including self-service reporting, allows users to create and generate reports on demand. Instead of relying on hard-coded templates, which can take multiple development cycles to amend and edit, individuals can design templates to author reports that capture the exact information their stakeholders need and present it in a visually compelling way.

Optimize resources

Self-service reporting tools put the power directly into the hands of those who need it most. Traditionally, generating reports resulted in back-and-forth communication between multiple business users, development teams, and data custodians. Self-service reporting, however, reduces the burden on development teams and quickens time to market. Firms can rely on user-friendly interfaces to create reports, configure data, and reuse templates – freeing their resources to focus on strategic initiatives.

Employees across departments can generate tailored reports and visually explore their data, reducing bottlenecks and reliance on development teams. With the ability to pull data from multiple sources, organizations also ensure their data is comprehensive and accurate.

Integrate data to deliver cohesive information

Advanced reporting platforms also make it easier for recipients to explore data visually. When business users can access the data they need and generate reports independently, they’re able to respond to a wide range of client-facing documents and fund reports, compliance and regulatory documents, and vendor and employee-facing needs. This rapid response enables firms to quickly reply to queries and visually present data in a compelling and easy-to-digest format. By integrating data with a scheduling service, firms can also automate report generation and delivery and have the confidence that stakeholders will receive reports on time.

Arcesium built its powerful reporting and documentation capabilities, Dynamic Document Studio, to help firms facilitate various communication and disclosure requirements. Our capabilities enable users to build reusable templates, configure data sources, and seamlessly produce client, regulatory, and management reporting, including investor letters, statements, and capital call notices. Without needing developer resources, we enable users to centralize reporting, move away from dated reporting methods, and dynamically link their data in a repeatable way that delivers easy-to-consume information. By implementing richly formatted reports and documentation, firms empower their stakeholders to see data from a different perspective.

Click here to learn more about Dynamic Document Studio’s self-service reporting and documentation capabilities.