MIS or Management Information System is a compact report depicting the overall performance of the company segregated into various subsections giving a clear picture of the business operation created using analytical software and various business intelligence tools.
MIS report provides information on day to day business operations and is used to make strategic business decisions leading to a significant increase in efficiency rate in the company’s operations.
It gives an analytical approach to financial reporting, making it more attractive and understandable. It is used by all professionals in different designations working in different sizes of businesses to monitor the growth of the business and pinpoint problem areas that need rectification.
With the team of professional Financial Analysts and Data Analysts, we provide a detailed MIS report that gives insights on all vital parameters of business operations like Revenue, Cost, Budget, Cash Flows, Profits and Losses amongst others. We build an interactive dashboard to keep track of Key Performance Indicators along with a detailed reports on current performance and suggestive measures of improvement.
After gaining insights about the business operations we create a spreadsheet that comprises all required points that is user friendly and filled on a regular basis to keep the track of the business performance. Emphasis points of MIS reports are Cost report consisting of details about direct, indirect, fixed and variable costs, Variance report comprising of predicted vs actual performance indices along with the reason behind increase or decrease in the same, Performance report that gives information about profitability factors or revenue drivers that are contributing towards the growth of the organization.
What We Do
What We Do
We at StartupMinds give the utmost value to our clients and spend time understanding the historical performance and future vision of the business. We accordingly prepare a detailed framework that will provide performance insights and growth trajectories when updated on a periodic basis.
We help in extracting essential and reliable information from relevant business data that will help the management make quick and informed business decisions. We pinpoint the areas that are flourishing and need fuel for business development and problem areas that are bleeding cash and needs some amendments. MIS reports not only save managerial time while it also helps the management to take strategic decisions on time, based on facts.
The company develops financial reports according to factors such as business segments, geographies, customers and KPI analysis which would assist in essential business decisions. Different types of reports are: Sales report, Cost report, Production report, Budget report, reports on financial statements et al.
Sales report provides a complete analysis of product-wise division-wise sales figures along with sales variance report striking out the reason for differences between predicted and actual results. Cash Flow Statement that reports the cash inflows and cash outflows in the business operations and allocates budget for production, expenses et al. It also contains details about how the projects will be funded if the company falls short of working capital.
Timely availability and dissemination of the information can act as a crucial factor in the success story of an organization. Management Information System helps in this process by analyzing reports using various business intelligence tools. However, developing MIS reporting singlehandedly can add additional burden on the limited resources of Startups and SMEs. Thus, StartupMinds provides MIS Reporting as a part of Virtual CFO services at a fraction of the cost.
StartupMinds has an employee base that is an amalgamation of various division experts like Finance, Statistics, Analytics, Designing, and Marketing. They work collectively to build the report that is comprehensive and analytical, comprising of all important parameters useful for decision making.