Mastering Your Business: The 35 Best MIS Reports in Finsys ERP
Indeed, data is the lifeblood of any modern manufacturing organization. Recently, Sangeet Kr. Gupta and Puneet Gupta recorded a deep-dive session at JW Marriott, Juhu Beach, Mumbai, showcasing a “Combo Pack” of the 35 best MIS reports. Whether you are using Finsys, another ERP, or even Excel, these reporting ideas are essential for any Business Owner or Head who wants to drive efficiency and profitability.
In this guide, we break down how to structure your reporting DNA across daily and weekly cycles.
1. The Daily DNA: 11:00 AM Execution Reports
Initially, management must have a clear “Executive Summary” of the previous day’s activities. Specifically, Finsys recommends a daily circulation of the following four critical activities:
-
Executive Summary (SO/PO/MRR/Invoice): A snapshot of all external transactions—Sales Orders, Purchase Orders, Material Receipts, and Invoices.
-
Pending Sales Orders: Identifying which shipments are stuck and why. As a result, you ensure on-time delivery to your global customers.
-
Inventory In-Hand Summary: A high-level view of your stock value. Admittedly, if you don’t monitor this daily, your working capital can quickly become trapped in overstocking.
-
Cash Flow & Collection Snapshot: Knowing exactly what came in and what went out yesterday to maintain financial liquidity.
2. The Weekly Rhythm: Departmental Deep Dives
Furthermore, to build a systematic “MNC-style” culture, Finsys suggests a departmentalized weekly reporting schedule:
Monday: Inventory & Waste Management
-
Negative Stock Report: Identifying data entry errors or pilferage immediately.
-
Reel Ageing (for Packaging): Tracking Kraft paper reels that are over 90 days old to prevent material degradation.
-
Bit/Tota Stock: Managing partial reels and offcuts to reduce floor waste.
Tuesday & Wednesday: Procurement & Cash Flow
-
Pending Purchase Requisitions: Seeing why materials haven’t been ordered yet.
-
Vendor Advance & Bill Outstanding: Reconciling with suppliers and managing vendor advances to ensure supply chain continuity.
Thursday & Friday: Sales & Quality
-
Customer-wise Sales Analysis: Tracking which clients are growing and which are slowing down.
-
Rejection & PPM Reports: Analyzing why materials are being returned and how to improve internal quality standards.
Saturday: Production & Efficiency (OEE)
-
Daily Production Report (DPR): Comparing actual linear meters vs. machine capacity.
-
Down-time Analysis: Understanding why machines were idle (Maintenance, Material Shortage, or Power).
Best MIS Reports for Business Management
3. The Power of “Auto-Email” Automation
Ultimately, the greatest benefit of these reports is that they can be automated. Notably, Finsys ERP allows you to set up “Auto-Emails” for vendors and internal HODs. For instance, a pending PO reminder can be sent automatically to vendors, reducing manual follow-up by 90%.
Conclusion: Data-Driven Success
To conclude, using an ERP without looking at MIS reports is like flying an airplane without a cockpit. By implementing this 35-report combo pack, you move from “I think” to “I know.” Indeed, these reports are designed to make your manufacturing sector stronger and more systematic.
Best MIS Reports for Business Management
Watch the Full Training Session: 35 Best MIS Reports Combo Pack
Ready to See Your Business on Fingertips?
-
Official Website: Finsys Infotech Pvt Ltd
-
MIS Best Practices: Learn More on our YouTube Channel
-
Get Your MIS Pack: Contact Finsys Experts Today
In CA Final exam results, Two of our team members were rewarded by the ICAI for their knowledge, grasp, presentation, application of that knowledge.
