Our mindset, which reflects our beliefs and attitudes towards our abilities, is a powerful determinant of our behaviour and influence on others. Extensive research has shown that our mindset plays a crucial role in shaping our future success. Essentially, our beliefs can be the driving force behind our achievements or the obstacles that hold us back.
Recent TRG blog posts
Growth Mindset at Work: Why and How?
Posted by Rick Yvanovich on Tue, Jan 23, 2024
Blog Topics: Talent Management
The Use of Spreadsheets and Modern Cloud Adoption in Businesses
Posted by Rick Yvanovich on Mon, Jan 22, 2024
Data plays a vital role in empowering leaders to not only stay informed about their current financial performance but also contribute to financial planning and analysis, as well as ensure businesses maintain compliance.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Technology trends, Cloud Computing, Analytics, Digital Transformation
Wired for Success: How Inbound Marketing Elevates Technology Businesses
Posted by Rick Yvanovich on Fri, Jan 19, 2024
In the rapidly evolving landscape of the technology sector, staying ahead requires more than just cutting-edge products and services; it demands innovative and strategic marketing approaches. Inbound marketing has emerged as a transformative methodology, revolutionising the way technology companies attract, engage, and retain their target audience.
Blog Topics: Digital Transformation, Inbound marketing
The Need for Industry-specific On-demand Training for End Users
Posted by Rick Yvanovich on Thu, Jan 18, 2024
With the surging exposure and familiarisation of digital technologies in every corner of the world, consumers today can instantly access virtually unlimited information anytime. That immediate convenience has radically changed people's acquisition of new knowledge. This gives rise to a recently popular concept that provides learners with bespoke and self-paced learning—on-demand training (ODT).
Blog Topics: Talent Management, TRG, Digital Transformation
The Benefits of E-Invoicing (Electronic Invoicing)
Posted by Rick Yvanovich on Fri, Jan 12, 2024
Electronic invoicing (e-invoicing) is revolutionising how businesses handle transactional documents between suppliers and buyers. From cost reduction and automation to improved cash flow and enhanced relationships, e-invoicing offers a wide range of advantages while also helping to contribute to environmental sustainability by reducing paper usage and minimising the carbon footprint.
Blog Topics: Financial Accounting Management Software
5 Digital Transformation Trends in the Hospitality Industry
Posted by Andrew Turton on Sat, Jan 6, 2024
Digital transformation refers to the implementation and utilisation of digital technologies in the business to achieve a competitive edge. Those benefits include greater efficiency for the stakeholders, stronger business agility, and many more. Many industries are taking advantage of this digital transformation agenda, and the Hospitality Industry is no exception.
Blog Topics: Hospitality solutions
Unveiling the Strategic Benefits of IFRS
Posted by Rick Yvanovich on Thu, Jan 4, 2024
International Financial Reporting Standards (IFRS) compliance is often seen as a mountainous and challenging workload for many businesses, especially those operating multi-nationally. However, beneath the surface of technical and accounting complexity lie many benefits waiting to be discovered. IFRS, in fact, is not as scary and daunting as it seems.
Shifting your mindset is key to embracing the IFRS journey. By understanding its advantages, you can navigate the transition with clarity and confidence. This blog will help shed light on the two main benefits of IFRS adoption as well as how suitable solutions can lessen the daunting task.
Read more: IFRS 17 Overview: What Is It For? Who Is Affected? Why Should You Care?
Blog Topics: Financial Accounting Management Software, Infor SunSystems
Cloud Operating Platform – What Is It and Does Your Company Need One?
Posted by Rick Yvanovich on Thu, Jan 4, 2024
Cloud computing has revolutionised the way businesses operate, and at the heart of this transformation is the cloud operating platform. Often referred to as a virtual operating system, a cloud operating platform provides a sophisticated approach to navigating the complexities of cloud-based computing.
Blog Topics: Technology trends, Cloud Computing, Digital Transformation
What are the Functions of a Hotel's Finance Team?
Posted by Rick Yvanovich on Wed, Jan 3, 2024
The finance team plays a crucial role in the success of any hotel business. From managing financial transactions to ensuring compliance with tax regulations, the finance team provides valuable insights and supports informed decision-making.
In today's digital age, hotel finance teams can leverage modern, hospitality-specific cloud accounting software to streamline operations, improve accuracy and efficiency, and empower the team to make more than just informed and timely decisions.
In this article, we will explore the important functions of a hotel's finance team as well as the benefits of adopting dedicated accounting software.
Read more: Financial Management in the Hospitality Industry: the Best Practices
Contents
Functions in the finance team of a hotel
1. Financial accounting: The backbone of hotel finance
2. Cost accounting: Enhancing transparency and resource utilisation
3. Tax accounting: Simplifying Compliance
4. Auditing: Ensuring accuracy and minimising risks
5. Managerial accounting: Empowering informed decision-making
Blog Topics: Hospitality solutions, Financial Accounting Management Software, Infor SunSystems
How Infor Partners with AWS to Drive Innovations
Posted by Rick Yvanovich on Tue, Jan 2, 2024
What motivates Infor to partner with Amazon Web Services (AWS)? How do both parties benefit from this collaboration, and what groundbreaking innovations are they able to achieve? Discover the efforts invested in strengthening the enduring relationship between these two influential technology giants in this article.
Blog Topics: Cloud Computing, Infor SunSystems, Digital Transformation, Amazon Web Services