It would be very nice if this was possible to do in the 7.1 client.
Is there any reason why the functionality was removed?
as OP is saying below 7.1 it was possible to report, and this report again was possible to be scheduled at regular intervals, this makes it easy when you have big implementation projects where it is important to track which servers are currently being monitored or not.
It's still possible to do. Just need access to a 7.0 client. Exporting the dashboard from 7.0 and re-importing into 7.1 does work for this.
The License Overview was also missing and can be achieved with this method.