management reporting system

A management reporting system is a type of information system designed to support the management of an organization. These systems provide routine, detailed reports specific to a manager's area of responsibility, focusing on past and present activities. They utilize data from transaction processing systems and external sources, such as the Web. Management reporting systems are typically used by first-level supervisors to prevent information overload, with reports often sent only when exceptional circumstances arise or upon request. These systems are distinct from executive information systems, which provide summarized data via dashboards for senior managers to monitor performance and develop strategy. Managerial accounting also involves performance reporting, comparing actual results to planned budgets to assess success and identify issues.123