Every executive in the legal field—whether a general counsel, managing partner, corporate attorney, administrator, claims manager, or compliance manager—has a favorite analytic report. These reports are crucial tools that help guide decisions and ensure the company is on the right path.
Some executives rely on “Real-Time” reports. These reports give an up-to-date snapshot of finances or workflows, helping teams stay on top of the day-to-day operations. Others turn to “Trend-Based” reports, which analyze historical data to help manage operations, track performance, and assess risk over time.
Regardless of the report type, these analytics serve as essential decision-making tools. For executives, these reports offer invaluable insights into what’s working and what’s not. They help clarify the most important actions needed to make informed decisions and strategically push the business forward. These reports are vital for making the right calls and adjusting strategies as necessary to meet business objectives.
The Role of Analytics in Informed Decision-Making
Analytic reports are like “divining rods” for business decisions. They help executives track key metrics, monitor trends, and identify areas that need attention. These reports can be game-changers when it comes to overcoming daily challenges and resolving ongoing issues. They also help keep a team aligned with both short-term goals and long-term strategic priorities, ensuring the department’s efforts are consistent with the broader company vision.
Share Your Favorite Reports with Us
We want to hear from you! What is your favorite Enterprise Legal Management (ELM) analytic report? Which reports do you rely on most when navigating daily hurdles, addressing “pet peeves,” or ensuring your team stays aligned with organizational goals?
It could be a report focused on a specific practice area like Intellectual Property (IP), Litigation, or Employment, or something more general like Blended Rate analysis. Let us know how these reports help you make tough decisions that shape your team’s performance and the company’s success.