What should you do first when reviewing company reporting needs?

When embarking on the process of reviewing a company's reporting needs, the first step should be to review the company's existing reporting needs. This approach allows you to gain a clear understanding of what information is currently available and utilized within the organization. By assessing existing reports, metrics, and key performance indicators, you establish a baseline for what may be working effectively and what areas may require improvement. Understanding the current state ensures that any future enhancements or new reporting implementations are aligned with the strategic goals and operational requirements of the business.

Additionally, this initial review enables you to identify specific gaps in the data or insights that employees may need, which can inform the development of new reports. It also helps to contextualize the reporting practices within the company’s unique environment, rather than basing decisions solely on external factors or assumptions. Thus, starting with an internal assessment positions you to make more informed and relevant decisions as you continue the reporting review process. Other approaches, such as surveying employees, looking into industry standards, or examining competitors may follow in the process, but they are more effective once you have a solid understanding of your own company's reporting landscape.