TRG Blog

Planning and budgeting: Solutions to common problems

Posted by Rick Yvanovich on

Jack Welch, former Chairman at GE once said: “The budgeting process…sucks the energy, time, fun, and big dream out of an organization”. Yes, everyone hates it! If there is an effective way to do it without trying too hard will you take its advantages to grow? What you need are just a good planning and budgeting process and the right technology!

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Topics: Planning and Budgeting, CFOs, Financial consolidation, planning and reporting, Financial Accounting Management Software

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

Cash flow management: “control the uncontrolled”

Posted by Rick Yvanovich on

Cash flow management is one of the most important tasks to any CFOs. Cash is the blood of any entity. Having good cash flow management not only guarantees the health of your business but also forms a strong foundation to launch your business to a new height.

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Topics: CFOs, Inventory management, Cash flow management, Financial Accounting Management Software

Keep accounting talent with you by technology upgrades

Posted by Rick Yvanovich on

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Topics: Performance management., CFOs, Enterprise Performance Management (EPM)

Planning and budgeting for success

Posted by Rick Yvanovich on

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Topics: Planning and Budgeting, Performance management., CFOs, Financial Accounting Management Software

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: 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 PR & News

Chemistry Fills Team Communication Gaps for CFOs

Posted by Rick Yvanovich on

 

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Topics: CFOs

Gone are CFOs’ Communication Breakdowns

Posted by Rick Yvanovich on

Mastering different personality elements can help you to connect personally and more importantly, break down assumptions about how people should be treated. Such recognition can trigger a huge beneficial change in a business environment – if you know how to make it happen.

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Topics: CFOs

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 Rick Yvanovich
 /Founder & CEO/

With TRG International Blogs, it is our mission to be your preferred partner providing solutions that work and we will make sure to guide your business to greatness every day.

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