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Rick Yvanovich

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9 Classic Mistakes When Using 360-Degree Feedback (Part 2)

Posted by Rick Yvanovich on

In Part 1, we've mentioned the first 5 classic mistakes when introducing the 360-degree Feedback process in the workplace. Continue reading to find out the remaining mistakes!

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Topics: Talent Management

Who Is the Employee Behind the Mask?

Posted by Rick Yvanovich on

I’m sure you’ve overheard a coworker on the phone using a pleasant, sugary sweet tone but then mutter a few expletives the moment the call ended. What if you were the person on the other end of the phone? What are your employees’ real attitudes towards you, your company, and their work?

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Topics: Talent Management

9 Classic Mistakes When Using 360-Degree Feedback

Posted by Rick Yvanovich on

If you are planning to implement a 360-degree feedback process in your organisation, the common mistakes cannot be overlooked. The fundamentals of this process may seem simple, yet, there are a few pitfalls that a manager should be well aware of.

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Topics: Talent Management

Communicating the Value of Intangible Assets

Posted by Rick Yvanovich on

In addition to being difficult to manage, intangible assets have traditionally been a challenge in terms of communicating their value. Financial reporting has not evolved fast enough to adequately capture the true value of the organisation’s intangible assets and to address the needs of business decision makers.

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Topics: CFOs, Financial Accounting Management Software

What are the Functions of a Hotel's Finance Team?

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: Hospitality solutions, Financial Accounting Management Software, Infor SunSystems

What does Unified Ledger Accounting Mean to Accountants?

Posted by Rick Yvanovich on

Ledgers are the backbone of any accounting system. They are the central repository for all accounting data of an organisation and are pivotal to financial reporting. An organisation’s financial statements are derived from ledgers.

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Topics: CFOs, Financial Accounting Management Software

8 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: Enterprise Performance Management (EPM), Financial Accounting Management Software

How to Turn Budgeting into a Value-Adding Process

Posted by Rick Yvanovich on

In today’s complex and rapidly changing business climate, there is an increased demand for top management to better observe, measure, and manage their business. Planning and budgeting plays an important role in enterprise performance management. However, in many organisations, planning and budgeting is not seen as adding value since:

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Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software

4 Most Effective Training and Development Methods for Finance Professionals

Posted by Rick Yvanovich on

In a study by the Chartered Institute of Management Accountants (CIMA), different types of training and development methods were ranked according to how useful each one was rated by senior finance professionals.

The top 4 useful types were “learning through doing”, followed by “external training courses supported by the organisation”, “external continuing professional development supported by the organisation”, and “in-house education and training face-to-face”.

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Topics: Financial Accounting Management Software

Global Management Accounting Principles Explained in 800 Words

Posted by Rick Yvanovich on

Businesses, no matter how big or small, all want to make high quality, impactful business decisions. In order to be able to do so, the business must be equipped with accurate, fact-based and timely data. This is where management accounting comes in.

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Topics: CFOs, Financial Accounting Management Software

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 Rick Yvanovich
 /Founder & CEO/

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