Answer

The answer is Smart Groups. This is the advanced reporting filtering method of the Software Vulnerability Manager that allows users to select only the specific criteria they like to filter their data against, and the resulted output would translate into customized full report based on the criteria.

Default Smart Group tracking only "Insecure" status criteria

By default, the SVM solution includes default Smart Groups for each Smart Group type. These are:

• "All Hosts" smart group under the "Host Smart Groups" menu.
• "All Products", "All Insecure", "End-of-Life Products" under the "Product Smart Groups" menu.
• "All Advisories"  under the "Advisory Smart Groups" menu.

Under each of the main Smart Group categories, you'll find "Overview and Configuration".  
This menu lets you create additional Smart Groups based on your custom criteria (Custom SGs).

You have a wide array of choices to pick from in three different criteria categories (host, product, SAID). 
Criteria from different categories cannot be mixed up, but the choice is more than enough as it is. 

For instance, the following Product Smart Group tracks products which have Threat Intelligence score higher than 0, which in reality represents the applications that carry the imminent risk of exploitation. 

Example of custom tracking of Imminent Risk apps

The configuration of this custom smart group is rather simple, but yet so much effective as a filter:

Simple but effective reporting SG configuration

You can find more useful examples of different Smart Group configurations in the Software Vulnerability Manager Best-Practice Guide by Flexera available for download from this direct link at the Flexera Learning Center. You will need to login to the learning center with your Flexera Community account prior to being allowed to download the document. 

So far, you've seen examples of using reporting through the core smart group functionality. This already should be helping you establish a routine method of tracking vulnerabilities of high interest to the business, and vulnerabilities with particularly high impact to your environment, by setting the appropriate filters in your groups logically to align with the scenarios you would wish to cover. 

But this is not all, not at all!

Limit Dashboard Reporting only to Custom Smart Group filters

As you have created enough useful smart groups, customize your dashboard by building different profiles and saving them accordingly. This will help you switch quickly between management views and gain immediate visibility over your entire estate from different angles to help you prioritize better.

Dashboard reflecting only data filtered through Custom Smart Group criteria.

Dashboard Customization Flexibility

You can duplicate portlets when you need the same data for two different filters, or you can use totally different portlets but filter them through the same filter as the next example shows.

 Using custom SGs to limit reporting against each Windows Flavor by duplicating the portlets for each build

PDF Customization with Smart Groups

You can similarly to Dashboard customize your PDF reports to only produce the data limited to the criteria of every of your configured Host and Product smart groups. The following visual example shows how to select a Smart Group as a filter, and the rest of the report configuration depends on your needs. 

Select available Smart Group to apply its criteria filter directly to the PDF report configuration

After setting up the preferred Smart Group filter, go ahead and enable the level of details for your programs. Consider how much actual results the Smart Group contains because you would want to avoid issuing a report that has too many details in it against an SG that has too broad criteria applicability. This is mostly useful for concrete filtering and tracking of special cases and scenarios.