The benefit of this tool is that it remember the last report user looked at.
Not only does it recall the last report user ran, it also remembers the settings selected. So for instance, if user ran a report that was filtered for last month and only one of the companies, it will remember those settings and bring them up so user can run the same report again.
First, open a report and set its parameters based on user preferences.
Filter the reports using the Report Criteria screen: