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TRG in the Board Room Blog

[Infographic] - Top 5 risks for CFOs in 2017

Posted by Rick Yvanovich on

The consulting firm Protiviti and North Carolina State University’s Poole College of Management collected responses from 735 board members & finance executives about 30 risk issues that will likely have an impact on their companies in 2017.

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Topics: CFOs, Financial Accounting Management Software, Financial management solutions, Financial strategies

[Infographic] How CFOs can help improve sales forecasting

Posted by Rick Yvanovich on

The role of modern CFOs in today’s business is much broader than it used to be. They are expected to use technology and their “number-crunching” capability to give other functions as well as the whole business better information to make decisions and move ahead. One key area in particular where CFOs should get involved more is sales forecasting.

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Topics: CFOs, Office of the CFO, Enterprise Performance Management (EPM)

It’s time to replace your spreadsheets with EPM

Posted by Rick Yvanovich on

Companies are adopting innovative enterprise solutions to help them stay ahead of their competitors. Nevertheless, many still rely on spreadsheets to perform vital financial functions, even the big companies. It is not a promising way for companies to remain relevant in this new digital economy. An EPM (Enterprise Performance Management) application could be the ultimate alternative to using spreadsheets.

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Topics: CFOs, Enterprise Performance Management (EPM)

[Infographic ] Top 5 issues for CFOs in 2016

Posted by Rick Yvanovich on

What are CFOs’ top priorities for 2016? Consulting firm Protiviti tries to answer this question in its 2016 Finance Priorities Survey. Collecting responses from 650 CFOs, vice presidents of finance, corporate controllers, and other financial management professionals, the survey ranks the priorities using five categories: process capabilities (financial transactions); process capabilities (financial analysis); emerging issues; technical capabilities. The infographic below shows these five main findings.

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Topics: CFOs, Office of the CFO, Financial strategies

Four Evolving Roles of CFOs in The New Era

Posted by Rick Yvanovich on

Chief Financial Officers, or CFOs, have been commonly known as a corporate officer who’s responsible for managing the organisation’s financial risk, financial planning and reporting to higher management board. However, in this new era, the role of CFO is no longer limited to the tasks above. As stated in a recent study by Accenture, 70% of correlation is found between high-performing financial departments and high-performing companies. This means the CFOs’ responsibility has evolved. Additional research also indicated that CFOs’ responsibilities have been changed from being a rear-view mirror perspective provider to a strategic advisor who navigates the business through hard times and shapes the company’s direction.

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Topics: CFOs, Financial Accounting Management Software, Technology trends

How to manage your business in a volatile climate: a CFO’s guide

Posted by Rick Yvanovich on

 

“The only predictable thing about life is its unpredictability” – Unknown

In the last decade, so many events had happened that brought unbridled change and volatility to the world’s economy. Business have been facing wildly fluctuating rates of decline and recovery across the globe. A “Growth markets forecast” done by Ernst & Young in 2013 has pointed out that insolvencies rose by 178% during 2008-9 recession in the US versus a 57% rose in the UK. Fortunately, during the past years, insolvencies has dropped fast and the rate in the US is falling 20% faster than that of in the UK. In addition to these changes and volatility, over-regulation, constant imposition from regulators and global standard-setters have brought complication and complexity to the systems and information that organisations need. This leads to the need to absorb and synthesise information so to manage risk more effectively. So, how companies should respond to volatility and what they need to do to enhance their competitiveness, financial performance, productivity in a volatile business climate?

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Topics: CFOs

Keep accounting talent with you by technology upgrades

Posted by Rick Yvanovich on

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Topics: Performance management., Corporate Performance Management CPM, CFOs

Planning and budgeting for success

Posted by Rick Yvanovich on

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Topics: Planning and Budgeting, Performance management., CFOs, Technology trends

4 Evolutionary Scales to Maximise Finance Team’s Performance

Posted by Rick Yvanovich on

Changes in industry and global market provide an opportunity for CFOs to re-evaluate the capabilities and responsibilities of the finance function, align new models and processes to the business, set stages and SMART objectives for more accurate planning, budgeting and forecasting, as well as improve strategic decision making for growth. In the last post, we discussed about four evolving roles of the modern CFOs, which are changed from traditional tasks of financial governance and control to a more strategic and entrepreneurship role in the organisation. But no matter what the roles are, the ultimate goal of CFOs is delivering the most effective decision that will lead the organisation into the future.

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Topics: Corporate Performance Management CPM, CFOs, Enterprise Performance Management (EPM), Financial Accounting Management Software

TRG to introduce new ways to maximise profits to the Hospitality industry in Hanoi

Posted by Thuy Tien Tran on

Hanoi – August 19th, 2013 – Following the success of previous seminar in Ho Chi Minh City, the “Office of the CFO for Hospitality: new ways of working to maximize profits”, TRG once again bring this concept to the audiences in Hanoi. The seminar - which is on Tuesday, September 10, 2013 at Hilton Opera Hanoi - is going to expect more than 120 representatives who are CEOs, CFOs, and Chief Accountants, Hotel owners, directors and managers from 3 and above star rating hotels, resorts and other companies in the hospitality industry countrywide.

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Topics: CFOs, Hotel management software, Office of the CFO, TRG Events

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 Rick Yvanovich
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