In the hospitality industry, waste management refers to the practices and strategies used to reduce, reuse, and recycle waste generated by hotels, restaurants, and other service providers.
Recent TRG blog posts
The Environmental Price of Convenience: Waste in the Hospitality Industry
Posted by Andrew Turton on Mon, Oct 14, 2024
Blog Topics: Hospitality solutions, News
Examples of a Successful Operational CFO and How to Become One
Posted by Rick Yvanovich on Tue, Oct 8, 2024
In our previous post, we explored the emerging role of the operational CFO and how it's reshaping the landscape of corporate leadership.
Blog Topics: CFOs, Financial consolidation, planning and reporting
Paws On The Go: How Hotels Carter To The Pet Travel Boom
Posted by Andrew Turton on Mon, Oct 7, 2024
Travel is more than just a getaway; it is an opportunity for adventure, exploration, and bonding. For many pet owners, their furry companions are an important part of this journey. In recent years, the trend of travelling with pets has become increasingly popular, driven by a desire for connection, comfort, and an enriched travel experience.
Blog Topics: Hospitality solutions
7 Accounting Best Practices for Insurance Businesses
Posted by Rick Yvanovich on Mon, Sep 30, 2024
The unique nature of insurance contracts, with their long-term liabilities and inherent risks, presents specific challenges for accountants. This blog post will explore key best practices that can help insurance professionals navigate these challenges and ensure accurate, reliable, and compliant financial reporting.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
Best Practices for Financial Forecasting in the Insurance Industry
Posted by Rick Yvanovich on Sat, Sep 28, 2024
Financial forecasting for insurance businesses presents unique challenges - from regulatory changes and market volatility to evolving risk landscapes and shifting consumer behaviours. By following the best practices outlined in this article, finance executives in the sector can greatly improve theirpredictive capabilities and drive informed decision-making.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
10 Common Mistakes in Financial Forecasting & How to Avoid Them
Posted by Rick Yvanovich on Fri, Sep 27, 2024
Financial forecasting can make or break an organisation's strategic decisions. However, even the most seasoned finance professionals can fall prey to common forecasting errors. This blog post aims to shed light on these pitfalls and ways to avoid them, helping you to refine your forecasting processes and improve the accuracy of your financial projections.
Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
Answers to Common Executive Questions About Financial Forecasting Tools
Posted by Rick Yvanovich on Wed, Sep 25, 2024
As financial forecasting evolves from a routine budgeting task into a strategic imperative, finance executives require increasingly sophisticated tools to stay ahead. But with so many myths and misconceptions out there, it can be hard to know where to start.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Technology trends
Personalisation vs Profit: Which Matters More for Hotels?
Posted by Andrew Turton on Fri, Sep 20, 2024
Personalised services versus revenue management, which is more crucial for a hotel's success? This is a question that has sparked considerable debate among industry professionals.
Blog Topics: Hospitality solutions
Cloud Repatriation: Why Businesses Are Returning to On-Premises Systems
Posted by Rick Yvanovich on Wed, Sep 18, 2024
After years of fervent adoption of cloud computing, some organisations are now bringing select workloads back on-premises or opting for hybrid approaches. This phenomenon, often referred to as "cloud repatriation," is driven by a complex interplay of factors, including cost, security, performance, regulatory compliance, and control.
Blog Topics: Cloud Computing, Digital Transformation
Understanding USALI Fundamentals: Your Guide to Hotel Accounting
Posted by Andrew Turton on Tue, Sep 17, 2024
As seasoned hospitality professionals know, accurate financial reporting and analysis are essential for hotel success. For nearly a century, the Uniform System of Accounts for the Lodging Industry (USALI) has been the definitive standard for achieving transparency and comparability across the industry.
Blog Topics: Hospitality solutions, Financial Accounting Management Software