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TRG Blog

How to approach the IFRS adoption process

Posted by Thuy Tien Tran on

During the IFRS adoption, a company will make some simple and straightforward changes, such as adding a few extra accounts in its corporate financial systems so it can collect existing data in a different way. Other changes will be more challenging, requiring the company to change several business processes or, in some cases, redesign all or part of its financial system.

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Topics: Infor10, Financial Accounting Management Software, Infor SunSystems

How to approach the IFRS adoption process

Posted by Thuy Tien Tran on

During the IFRS adoption, a company will make some simple and straightforward changes, such as adding a few extra accounts in its corporate financial systems so it can collect existing data in a different way. Other changes will be more challenging, requiring the company to change several business processes or, in some cases, redesign all or part of its financial system.

Read More…

Topics: Infor10, Financial Accounting Management Software, Infor SunSystems

What to look for in a global finance system (part 2)

Posted by Cuong Nguyen on

The finance department is facing mounting pressures to not only increase process efficiency but also rise to a more strategic level. A finance transformation is even more urgent when it comes to international expansion. In fact, a study by Aberdeen Group in 2012 indicated that the need for agility to account for market volatility is the top pressure impeding global expansion.

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Topics: Infor10, Financial Software Vietnam, Financial Accounting Management Software, Infor SunSystems

Focusing on IFRS financial statements

Posted by Thai Pham on

One of the steps in an effective IFRS implementation strategy is to assess the impacts of IFRS on the whole organisation. Reporting and disclosure (e.g., financial statements) are likely to be at the forefront of major changes.

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Topics: Infor10, Financial Accounting Management Software, Infor SunSystems

Infor10 Financials Business (SunSystems) Secrets Unveiled

Posted by Rick Yvanovich on

By Brian Hughes, senior business consultant, Infor Financials Brian Hughes

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Topics: Infor10, Financial Software Vietnam, Financial Accounting Management Software, Infor SunSystems

What to look for in a global finance system

Posted by Cuong Nguyen on

In the increasingly volatile and regulation-filled business world, the ability to adapt is of utmost importance. But handling change and complexity is a challenge for companies, especially when they try to step out of the domestic environment and into the global zone.

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Topics: Infor10, Financial Software Vietnam, Financial Accounting Management Software, Infor SunSystems

Key benefits of IFRS

Posted by Rick Yvanovich on

For many companies, especially those that have multinational operations, complying with International Financial Reporting Standards (IFRS) is synonymous with extra workload. Whether the company has already begun the adoption process or are bracing themselves for a major change, they should know that IFRS, in fact, are not as scary and daunting as they seem. Businesses should develop a mindset that faciliates IFRS transition by understanding key benefits of IFRS. The two primary groups that can benefit from IFRS adoption are:

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Topics: Infor10, Financial Software Vietnam, Financial Accounting Management Software, Infor SunSystems

Boosting finance with Accounting software for Hotels

Posted by Rick Yvanovich on

There are several functions in the finance team of hotels, each serving a different purpose in hotel financial management. Whilst some of these may overlap, they include: financial accounting, cost accounting, tax accounting, auditing and managerial accounting. With the advent of technology, hotel accounting software has gained a significant role in helping these finance function of hotels.

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Topics: Infor10, Financial Software Vietnam, Financial Accounting Management Software, Infor SunSystems

Boosting finance with Accounting software for Hotels

Posted by Nhi Huynh on

There are several functions in the finance team of hotels, each serving a different purpose in hotel financial management. Whilst some of these may overlap, they include: financial accounting, cost accounting, tax accounting, auditing and managerial accounting. With the advent of technology, hotel accounting software has gained a significant role in helping these finance function of hotels.

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Topics: Infor10, Financial Software Vietnam, Financial Accounting Management Software, Infor SunSystems

The importance of IFRS implementation software

Posted by Rick Yvanovich on

After studying the IFRS compliance reasons and IFRS implementation strategy, companies should note that the success of conversion is determined by 3 factors: internal training of personnel, systems upgrades and costs (PwC, 2009).

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Topics: Infor10, Financial Software Vietnam, IFRS, Financial Accounting Management Software, Infor SunSystems

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