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To create efficient reports in CompanyCam, utilize report templates that standardize the process, allowing for quick report generation. This video tutorial demonstrates how to create your first report template and locate it afterwards. It begins by highlighting the cover page settings, which can be easily managed. Below the cover page, report sections are customizable; you can rename existing sections and add new ones. The "manage" settings provide options for the photo page layout and header, along with additional toggle settings for flexibility. Once your report is configured to your liking, you can save and use it as a template for future reports.