Here's a super simple answer to the question "What are the ERP reporting strategies?" geared towards easy understanding:

Turn your ERP data into easy reports for better business decisions!

An ERP reporting strategy helps you do this by:

Cleaning Up Your Data: Make sure all your information in the ERP system is clear and consistent across departments. No confusion when making reports!
Picking the Right Tools: Use the built-in reporting features of your ERP, or find extra tools for fancy charts and more advanced reports.
Assigning Data Duty: Have someone (or a team!) keep your data organized and create reports. Training them in data stuff is a plus.
Reports for Everyone: Make different reports for different needs. Daily sales for managers, monthly inventory checks, and yearly performance reviews for higher-ups.
Security & Simplicity: Keep sensitive data safe with access controls, and make sure reports are easy to understand. Visuals can help!
Real-Time Wins (if possible): Try to get reports with close-to-real-time data for quicker decisions.
Data Storytelling: Don't just show numbers. Use reports to explain trends, highlight important info, and suggest what to do next based on the data.
By following these steps, you can create an ERP reporting strategy that gives you clear and valuable insights to help your business thrive!