Final answer:
The feature that allows you to run a customized report with updated data each month is called 'data refreshing'.
Step-by-step explanation:
The feature that allows you to run a customized report with updated data each month is called 'data refreshing'.
With data refreshing, you can connect your report to a data source and set it to automatically update with the latest data at a specified frequency, such as every month.
For example, in Microsoft Excel, you can use the 'Refresh All' button or set up a data connection with Power Query to pull and refresh data from a database or other source.