Strongly disagree. Try for yourself to generate a narrative report from AI.Basically anything these report writing software companies provide, can be done pretty easily with AI right now. I would assume they are very worried about their future existence.
For narrative reports a good research AI like Perplexity can be helpful (market area overview and whatnot). Less so on comp selection but they can be pushed to find some data on comps.Not saying you can generate an entire report; however, most of these report writing software options have a base word template that merges from an excel document. This can be done with Microsoft mail merge, Microsoft Power Automate, or a variety of other programs.