What are the benefits of monthly reporting to the stakeholders of the Company?

Assess your company's financial performance to ensure that decisions are backed by sufficient data.

Dear Abdullah, It will make the stakeholder happy and trust in the company is concreted furthermore.
Whatever the mode of reporting is, it is all about better communication and there wouldn't arise any confusion in the future.
Thanks NC

its for the financial target and performances

Monthly management reports enable your company to: Assess your company's financial performance to ensure that decisions are backed by sufficient data. Evaluate the remaining budget by comparing the estimated budget against actual amount spent. Benchmark your company's actual performance against expected performance.

The financial statements are critical to management in their ability to understand the financial health of the organization and allow management the opportunity to make decisions in a timely manner.  This will increase the efficiency of the firm by identifying and solving the issues perpetrated into accounts,can adopt continuous improvement methods and effective utilisation of resources. 

 

• Freeing up man hours unnecessarily spent in creating this information
• Providing more accurate and timely information (the latter can’t be stressed more)
• More time available for your finance professional to do more in business oriented and value added areas such as financial planning, commercials etc.
• Overall, a more relaxed environment

Businesses today are experiencing profound pressures to reform and improve stakeholder-related practices and their impacts on stakeholders and the natural environment--in short, to manage responsibly as well as profitably.
Pressures for expanding the emphasis on profits to managing responsibly derive from three general sources: primary stakeholders such as owners, employees, customers, and suppliers; secondary stakeholders such as non-governmental organizations (NGOs), activists, communities, and governments; and general societal trends and institutional forces.
The latter include a proliferation of "best of" rankings, the steady emergence and development of global principles and standards that are raising public expectations about corporate responsibility, and new reporting initiatives emphasizing the socalled triple bottom lines of economic, social, and environmental performance.
To respond to these pressures, many multinational corporations (MNCs) in particular are developing what we have called total responsibility management (TRM) systems approaches for managing their responsibilities to stakeholders and the natural environment.
In this article we outline the dominant pressures pushing the evolution of total responsibility management and present a managerial framework that highlights the three main components of TRM approaches--inspiration (vision), integration, and improvement/innovation--with the indicators inherent to a responsibility measurement approach

Monthly reports correctly helps to identify the financial weakness & strengths of the Business. It helps to take the right decisions.

Month-end reporting is the process companies and organizations use to ensure all monthly transactions are appropriately recorded without accounting errors. In smaller enterprises, this means having a balanced general ledger, and in large enterprises, this concerns a significant amount of risk management