Cost cutting has always been a indispensable tool for businesses during a recession. However, many cut-down programs merely lead to temporary results: the company may gain its targeted cost reduction, but rarely will they gain sustainable growth. There are 3 cost cutting mistakes you need to avoid so your business can grow again when the recession passes.
Recent TRG blog posts
Thai Pham
Recent TRG Blog Posts
3 Cost Cutting Mistakes to Avoid During a Recession
Posted by Thai Pham on Wed, Sep 2, 2020
Blog Topics: Financial Accounting Management Software
An Overview of Infor Expense Management
Posted by Thai Pham on Sun, Aug 2, 2020
Infor Expense Management is a travel and entertainment expense management solution. It is a suite of four integrated applications (Expense Reports, Travel Plans, Payment Request, Timesheets), which we will discuss in-depth further in the blog. Infor Expense Management helps eliminate manual processes, supports mobile usage and social collaboration, and is available for both in the cloud or on-premises.
Blog Topics: Financial Accounting Management Software
Infor Ming.le – A New Solution To Productivity Issues
Posted by Thai Pham on Wed, Oct 9, 2019
Infor Ming.le is a comprehensive platform for social collaboration, business process improvement and contextual analytics. Its innovative social media concept enables an employee to work more effectively as it combines social communication and business processes. The major difference between Infor Ming.le and other information sharing technologies is Ming.le is fully embedded with the organisations main systems, for example, ERP and accounting software.
Blog Topics: Hospitality solutions, Financial Accounting Management Software, Technology trends, Infor SunSystems
5 Ways Infor ION Can Transform Your Enterprise
Posted by Thai Pham on Sun, Oct 6, 2019
In today’s business, every enterprise relies on an increasing number of IT systems to support various business functions in some form or other, be that accounting software, CRM, or ERP.
Blog Topics: Analytics, Enterprise Resource Planning ERP
Making the Case for a Cloud Expense Management Solution
Posted by Thai Pham on Mon, Aug 19, 2019
As you are well aware, expense management is an integral part of many businesses. This normally involves employee travel and entertainment expenses. Yet Aberdeen Report found that 53 per cent of businesses are still managing their travel expenses manually; gone should be days of manually reporting expenses. It is both a demanding and potentially risky process. All this time wasted, used energy and risk of resources can be regained with the use of cloud-based expense management systems.
Blog Topics: Financial Accounting Management Software
How Raymond James Financial Slashed 50% of Its Reporting Time
Posted by Thai Pham on Sat, Aug 17, 2019
Running a team of more than 4,900 financial advisors serving 1.8 million accounts in more than 2,200 locations worldwide is no easy task. For Raymond James Financial - a Florida-based financial services company - managing their employees’ expenses is among the most challenging aspects of their business.
Blog Topics: Financial Accounting Management Software
7 Key Benefits of Adopting Cloud Computing in the Enterprise
Posted by Thai Pham on Fri, Aug 16, 2019
We are living in the internet boom, where information is transferred without borders anytime, anywhere. ‘Cloud computing’ has recently become the most talked about among IT pros and businesses regardless of sizes. Though surrounded by scepticism and concerns, cloud computing still prospers without any sign of its ending.
Blog Topics: Cloud Computing, Enterprise Resource Planning ERP
3 Tips to Effectively Manage Your T&E Expenses
Posted by Thai Pham on Thu, Aug 1, 2019
The term T&E stands for travel and entertainment - any expenses incurred by travelling for business purposes or entertaining a business client. Examples of travelling expenses include money spent on accommodation, transportation, and meals. T&E expense management is important because your company's T&E budget is one of the critical places where you could look to reduce costs. Unfortunately, expense management and reimbursements for travelling employees are among the most time-consuming and repetitive manual business processes that companies face.
5 Ways Hotels Can Create Competitive Edges with Business Intelligence
Posted by Thai Pham on Sun, Jul 28, 2019
According to Hospitality Technology’s “2016 Lodging Technology Study,” 62% of surveyed hoteliers use business intelligence (BI) tools and another 16% will add them within 18 months. Armed with the right information, today’s decision-makers can better understand risk, performance, and the impact of decisions at property, region and group levels. But how exactly can hotels achieve competitive advantages with business intelligence?
Blog Topics: Hospitality solutions, Business Intelligence
What is Zero-based Budgeting?
Posted by Thai Pham on Fri, Jul 26, 2019
It is safe to say most businesses would resort to cost cutting initiatives in a time of tight margins and high risks. However, a research by McKinsey shows that only 26% of those cost-reduction programs, still yield effective results after four years. CFOs, therefore, are increasingly turning to zero-based budgeting, ZBB, as a more sustainable approach to cost reduction.
Blog Topics: Planning and Budgeting, CFOs, Financial Accounting Management Software