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.

IFRS transition is a business issue that touches all corners of the organisation from board involvement at the CEO/CFO level down to the business process layers. It is not an IT-driven initiative, as the interpretations of the legislation can be complex. However, technology involvement must not be dismissed.

IFRS transition is a business issue that touches all corners of the organisation from board involvement at the CEO/CFO level down to the business process layers. It is not an IT-driven initiative, as the interpretations of the legislation can be complex. However, technology involvement must not be dismissed.

According to Ventana Research, the majority of companies (83%) view the ability to close their books quickly as important or very important. However, businesses nowadays take longer to close than they did five years ago. Pressures from both within and outside of organisations are preventing them from achieving an efficient financial close.

In recent years, the world’s interest in sustainability has skyrocketed. Not surprisingly, the issue of sustainability has moved from the periphery to the very heart of business.

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

How Western Industries are Expanding into China’s Booming Retail Sector with the help of Retail Pro.

The tremendous and consistent growth of China’s “dragon economy” has made it an attractive market for international retail growth.

Virtualisation technology is becoming one of the hottest trends, especially desktop virtualisation. More and more managers take this issue into serious consideration and are thinking about choosing a desktop virtualisation platform for their companies.

Virtualisation technology is becoming one of the hottest trends, especially desktop virtualisation. More and more managers take this issue into serious consideration and are thinking about choosing a desktop virtualisation platform for their companies.

The budget season is here again. Cheers or tears?

According to a study by Horvath & Partners in 2004, senior managers spend about 10-20% of their time on the budgeting process, while finance departments spend as much as 50% of their time. Is it the case at your organisation?