A seminar was held on business intelligence in the premises of the Association of Montenegrin Banks on 28 February 2017. The seminar was held by the company ITBO from Belgrade that cooperates with a number of banks in Serbia and large corporations in the country and abroad. The importance of the reporting system in banks was highlighted as well as adequate package of management information that is drawn up according to the needs of beneficiaries. Large number of reports that are within large systems such as banks may lead to different forms of truth. Drawing up of reports is time consuming and a large number of employees from various sectors are involved in the preparations which takes up to 95% of time (gathering data-60%, consolidation and consistency-20%, presentation-15%), while only 5% of time is required for the analysis. Business intelligence reporting systems offers a solution to reverse this trend in favour of analysis to which 95% of time should be devoted and make correct decision.
