What is a key benefit of using "Reports" in Smartsheet?

Using "Reports" in Smartsheet provides the key benefit of consolidating information from multiple sheets into one view. This functionality allows users to gather data from various sources, such as different projects or departments, and compile it into a single report. This streamlined approach helps in tracking progress, identifying bottlenecks, and making informed decisions without having to navigate through multiple individual sheets. By having all relevant information in one report, users can efficiently analyze and manage their projects, enhancing overall productivity.

The other options, while they may serve specific purposes, do not encapsulate the core functionality of Reports. Creating new task lists from scratch is more suited to the main sheet functionality, managing user permissions relates to access control rather than data organization, and enhancing the visual layout pertains to formatting sheets instead of the vital role that reports play in data consolidation.