Management Information System is an umbrella term that encompasses a whole set of reports that give you a detailed view of the day-to-day activities of the business and inform & aid in the functional analysis.

Backed by a system of complete, error-free, timely, reliable, and relevant data, you can efficiently compare your current results with your targets. Further you can identify & adopt practices required to improve efficiency and performance.

Why Are MIS Reports Important?

• Track the financial health and productivity of a business.
• Highlight problems areas to help with making resource and investment decisions.
• Answer important initial questions while seeking investment
• Facilitate communication within the team as well as with stakeholders.
• Review the overall performance & evaluate the effects of measures taken by the internal team.
• Provides access to documented performance reports for meetings with external members & investors

MIS Reports provided by Finspect:

Summary MIS Report Aggregate all information and data to showcase a clear holistic picture of your business's finances.	Trend MIS Report Compare your business's past performance with the present to help you understand how well your business, or parts of it, are performing.	Sales MIS Report Typically includes an overview of products sold during a specific period. Understand the sales variance in your company along with other factors like geographical distribution of products sold.	Profit MIS Report Profit reports showcase the difference between actual and estimated profit enerated by your company. This could also look at factors that led to profit or loss in a specific period.
Inventory MIS Report Review and manage the products in your inventory.Includes the number of items in stock, best-selling products, top-selling categories of products, etc. This considerably helps inform business decisions.	Cash Flow MIS Report Identifies the exact amount of cash inflow and cash outflow in your company. Typically includes cash flows from your core operations and any investments and financing. Provides you with an insightful overview of the financial state of your company.	Accounting MIS Report Refers to several different financial documents including all reports concerned with a company's financial position, operational performance, and economic activities of the business.	Exception MIS Report Exception reports present any abnormal or unusual circumstances within your business. This can help you identify problems and potential issues in your business early to react in time.