TRG Blog

What to look for in a planning and budgeting solution

Posted by Oanh Nguyen on

Planning and budgeting provides valuable insights for managing risk, boosting corporate performance and shareholder value and making strategic decisions. Using a business model as the basis of the planning process enables the development of: charts of accounts; time divided by years/quarters/months; version control to store actuals/budgets/forecasts and other important data segments, which can be used to create the plans. Organisations should look for planning solutions capable of delivering flexible business models that are mapped to their unique business requirements.

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Topics: Planning and Budgeting, Infor CPM, Corporate Performance Management CPM

TRG in the press after "Office of the CFO" event

Posted by Linh Dao on

Following TRG's seminar entitled "Office of the CFO: Change the way work is done", Saigon Entrepreneurs (Doanh Nhan Sai Gon) magazine and Business Forum (Dien Dan Doanh Nghiep) published their articles on the event as well as on some of the topics discussed by our event speakers, including:

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Topics: Corporate Performance Management CPM, CFOs, Enterprise Performance Management (EPM), Risk Management, Financial Accounting Management Software, Technology trends, TRG PR & News

What to look for in corporate budgeting solutions

Posted by Nhi Huynh on

When it comes to budgeting, the traditional method used is spreadsheets. However, over the years, spreadsheets have demonstrated themselves to be insufficient to handle budgeting in the ever changing business world. Hence, dedicated corporate budgeting solutions were born to deliver the accuracy, agility and responsiveness that companies so desire. A powerful budgeting solution should help businesses adopt budgeting best practices, such as:

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Topics: Planning and Budgeting, Infor CPM, Talent Management, Corporate Performance Management CPM, Financial consolidation, planning and reporting, Financial Accounting Management Software

Budgeting best practices

Posted by Thai Pham on

To many radical thinkers, the shortcomings of the traditional budgeting approach  have made the process unviable. In reality, however, budgeting still plays a significant role. Therefore, to neutralise the arguments for and against traditional budgeting, companies should follow six budgeting best practices:

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Topics: Planning and Budgeting, Infor CPM, Talent Management, Corporate Performance Management CPM, Financial consolidation, planning and reporting, Financial Accounting Management Software

Best practices in strategic planning

Posted by Rick Yvanovich on

Most organisations have plans. There is, however, a huge difference between a good plan and a bad plan. A bad plan, for example, is one that consists only of costs and revenues. This plan provides no guidance for the organisation regarding how it is to achieve the revenue targets. There is no linkage between the high level goals and the day-to-day activities necessary to achieve them.

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Topics: Planning and Budgeting, Infor CPM, Talent Management, Corporate Performance Management CPM, Financial consolidation, planning and reporting

The main purposes of traditional budgeting

Posted by Linh Dao on

Traditional budgeting is argued to have begun about a century ago as a method of managing costs and cash flows. Typically, the process’s steps are as follow:

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Topics: Planning and Budgeting, Infor CPM, Talent Management, Corporate Performance Management CPM, Financial consolidation, planning and reporting, Financial Accounting Management Software

The CFO as Strategist: How to Attain Clarity

Posted by Thuy Tien Tran on

In battle, strategic ambiguity can sometimes lead to disastrous results. At Gettysburg, for example, on the first day of the epic US Civil War battle, General Robert E. Lee ordered General Richard Ewell to take Cemetery Hill “if practicable.”

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Topics: Planning and Budgeting, Infor CPM, Corporate Performance Management CPM, Financial consolidation, planning and reporting, Financial Accounting Management Software

Planning and budgeting systems that work

Posted by Linh Dao on

In planning and budgeting, numbers do not always represent a complete or accurate picture. As a budget rolls up, small errors can snowball into major miscalculations, which ultimately have to be explained to senior managers or, even worse, investors.

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Topics: Planning and Budgeting, Corporate Performance Management CPM

Why deploy Planning and Budgeting tools?

Posted by Linh Dao on

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Topics: Planning and Budgeting, Infor CPM, Corporate Performance Management CPM

The benefits of deploying an effective planning and budgeting system

Posted by Thuy Tien Tran on

Many companies rely on spreadsheets to prepare financial reports, do their planning, budgeting and consolidation. However, it is clear that this approach has shortcomings. Spreadsheets offer no reliable audit trail to ensure data integrity, not to mention they cause problems with version control. As a result, spreadsheets are difficult to audit, costing businesses more money. Hence, organisations should replace spreadsheet systems with planning solutions that eliminate the errors that may result from using spreadsheets and that have a familiar interface to ensure compliance, transparency and accuracy.

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Topics: Planning and Budgeting, Infor CPM, Corporate Performance Management CPM

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 Rick Yvanovich
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