I don’t think I’ve ever seen this. The first time I read it I didn’t understand - because I automatically changed it to “produces timely reports”.
The only time I really ever see the expression “timely” is in job descriptions. And half the time they are written in a way to sound fancy and flowery. And no one reads them carefully, ever.
I’m trying desperately to slash the word count of all our job descriptions and people have pushed back. They like those fancy, complicated sounding phrases. It sounds better than just saying “perform analysis and produce reports.”