Ad hoc is a Latin term used as a shorthand phrase for as or when needed. The ad hoc meaning in business can be applied to any number of processes, including reporting. It's used when someone wants to collect data outside a reporting schedule or cycle to get the most up-to-date information about a specific category. The information is then used to compare it against historical data, check a category's current performance, and ensure that projects are progressing as expected.
Data has always driven the decisions businesses make, but it plays an ever-increasing role in a company's direction for just about every aspect of its operation. Everything from hours worked by employees to the amount of tax paid on revenues is tracked. The resulting data is organized into a report to read, research, and uncover previously hidden information easily.
Aggregating this data into a report can take time, hence the routine of creating reports on set dates and intervals. An ad hoc report is drawn up outside of the publishing cycle and incomplete in terms of the information it contains. However, an incomplete report is still useful in terms of the information it contains.
Ad hoc reports deliver data that can be quickly acted upon if a category isn't showing desired results, if there's not enough staffing on a project, and if a plan of action is successful. Still trying to figure out what is an ad hoc report? Read on to learn more about ad hoc reporting and how it benefits you and your business.