Best tool for project reporting

In projects small or large, project reporting by the project members is critical. Most project managers struggle with this issue during the life time of the project. Some methodologies like Scrum propose a daily meeting in which all members report:

• what they have done since the last meeting
• what they will do until next meeting
• If they face any issues

This good but has a few problems:
1-If all team members are not in the same building (or maybe the same continent) they need to use video conferencing and deal with time difference issues and cost of video or audio conferencing.
2-Manually keeping records
3-Make those records part of the project and make it visible and search-able.

At binfire.com we use secure tweets for project reporting. Each member uses this tool to report on what she/he has done, what will do next and if there are any problems.
All this information is saved in the project's database and is visible to all project members. It is also search-able, so the project manager or any team member can go back and review what was reported during the life of the project.
If you want to discuss this topic send email to david(at)binfire(dot)com