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TRG in the Board Room Blog

Getting rid of Excel in financial planning and budgeting: modern trend for CFOs

Posted by Rick Yvanovich on Wed, Jul 23, 2014

Recent research by Anaplan, an expert on modelling and planning finance, sales and operations platforms, states that currently, Asia Pacific’s CFOs are still experiencing difficulties with spreadsheet usages in financial planning and budgeting. In addition, there was a relatively low satisfaction level with the accuracy, timeliness and ease of Excel use for planning and budgeting.

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Topics: Planning and Budgeting, planning and budgeting process, Financial Planning, financial planning budgeting forecasting

9 ways to increase Hotel Profits: Part 3

Posted by Rick Yvanovich on Wed, Jul 16, 2014

As discussed in the latest blog, 3 ways to increase profits in hospitality management were matching staffing levels to demand; utilising the value of your inventories and understanding ROI of Marketing. Now let’s uncover part 3, which is the last one of the series 9 ways to increase your hotel profits.

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Topics: Hospitality solutions, hotel management, hotel management technology, hospitality businesses, hotel technology

Infor introduces two new features to SunSystems Query tool

Posted by Linh Pham on Mon, Jul 14, 2014

The latest version of SunSystems Query and Analysis tool adds two new modules to make analysis easier for both techies and no-techies.

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Topics: SunSystems, Infor, product update

9 ways to increase Hotel Profits: Part 2

Posted by Rick Yvanovich on Tue, Jul 8, 2014

After years of slow and stubborn recovery, with constrained capital budgets, hotel owners and hotel operators are facing huge pressure to increase hotel profits as investors are becoming more confident for trade propelled growth, thus fuelling an increase in transaction activity and worldwide improvements in hotel operations.

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Topics: hotel management, hospitality management, hospitality businesses

9 ways to increase Hotel Profits: Part 1

Posted by Rick Yvanovich on Mon, Jun 16, 2014

Today, the hospitality industry in general and hoteliers in particular are faced with a daunting road that requires great flexibility especially in terms of finance.

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Topics: hotel management software, hotel management, revenue management, hospitality businesses

6 ways to use technology to help shape up financial strategies (part 2)

Posted by Uyen Vu on Mon, May 26, 2014

McKinsey in a recent research reports that while 75 million people cannot have a job, yet many businesses have vacancies that cannot be filled, and that there is a gap between the current workforce’s skills and what employers want from employees. Especially in the finance and accounting world, where people need accuracy, concentration and speed, it is even harder for organisation to recruit and retain talents.

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Topics: Business Management, Financial management, business intelligence, performance management., financial strategies

6 ways to use technology to help shape up financial strategies (part 1)

Posted by Uyen Vu on Mon, May 12, 2014

In the last post, we discussed about the current challenges of recruiting and retaining talents in organisations, especially in financial and accounting aspects. However, having a comprehensive system will enable top managers to manage human resources more effectively in the most effective way to compete globally. Today, we’ll discuss further on 3 among 6 basic ways to use technology to shape up financial strategies and increase financial performance.

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Topics: Business Management, Financial management, business intelligence, performance management., financial strategies

10 steps to 21st century Business Intelligence and Performance Management (Part 2)

Posted by Uyen Vu on Tue, Apr 29, 2014

In order to make the most optimization decision, managers and executives must ensure that all business processes are supported with meaningful, proactive information. Business Intelligence is one of the key technologies that help companies to successfully deliver information and transfer them into strategic plans. In our last post, we discussed about the first 5 steps to help create harmony concept between business intelligence (BI) and performance management (PM) for better business performance. The next 5 steps are to address organisational needs as well as challenges in order to direct BI and PM in the right path.

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Topics: business intelligence, BI solutions, performance management., business performance, business intelligence performance

10 steps to 21st century Business Intelligence and Performance Management (Part 1)

Posted by Uyen Vu on Mon, Apr 28, 2014

Although Performance Management (PM) and Business Intelligence (BI) can work separately, almost all leading organisations combine these two together to provide the best business results. PM uses the power from BI to get the data and information needed to make decisions, and PM adds context and guide BI in a certain direction benefiting the organisation. In previous posts, we discussed about how to optimise BI for SMEs as well as the way to operate BI platform in the right way. To explore more into how to enhance BI in your PM processes for greater results, we will look at some findings and recommendations to solve this problem.

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10 golden rules of project risk management (part 2)

Posted by Uyen Vu on Fri, Apr 25, 2014

Risk management is an irreplaceable part of any enterprise in order to run every business project more effectively, safely as well as less costly. However, not all project managers have enough time, effort and teams to identify the risk correctly and take action ontime to prevent the risks to become real problems. In the last post, we discussed about the first 5 golden rules of project risk management. Today, we're going through the remaining 5 rules in risk management:

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Topics: Business Management, Business Solutions, business insight, Risk Management, project management

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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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