Recent TRG blog posts

Today’s rapidly changing business conditions mean corporate management has to act on new strategies faster than ever. The shortcomings of fixed annual plans, budgets and forecasts are emerging, as they limit the power to adapt to change. No companies want to forecast just once a year. Many wish to revise forecasts monthly to ensure that financial planning remains continuous, dynamic and relevant.

In the current climate of business management, the role of CFOs has become increasingly significant. They not only own and manage financial data but also hold key performance management information. CFOs have a say in financial processes, such as planning, budgeting, forecasting and consolidation, which are inherently linked with each other to generate actionable insight for strategic decision-making.

TRG International will be organising an event entitled “Fashionable software for Fashion” on 16 May 2012 at Sofitel Saigon Hotel to illustrate how businesses can streamline their retail operations with a dedicated solution.

TRG International will be organising an event entitled “Fashionable software for Fashion” on 16 May 2012 at Sofitel Saigon Hotel to illustrate how businesses can streamline their retail operations with a dedicated solution.

Since the global economic meltdown, businesses have been forced to be more cautious in their decision making to ensure growth amid uncertainty. Processes such as planning and budgeting, more than ever, need to be fine-tuned and have a degree of flexibility to keep up with change.

Since the global economic meltdown, businesses have been forced to be more cautious in their decision making to ensure growth amid uncertainty. Processes such as planning and budgeting, more than ever, need to be fine-tuned and have a degree of flexibility to keep up with change.

After two quarters of sharp declines, CFO optimism turned solidly positive in the first quarter of 2012, moreover, CFOs’ outlooks toward earnings, capital investment and even hiring – have improved; only one sticking point remains – sales.

After two quarters of sharp declines, CFO optimism turned solidly positive in the first quarter of 2012, moreover, CFOs’ outlooks toward earnings, capital investment and even hiring – have improved; only one sticking point remains – sales.

Many companies rely on spreadsheets to prepare financial reports, do their planning, budgeting and consolidation. However, it is clear that this approach has shortcomings. Spreadsheets offer no reliable audit trail to ensure data integrity, not to mention they cause problems with version control. As a result, spreadsheets are difficult to audit, costing businesses more money. Hence, organisations should replace spreadsheet systems with planning solutions that eliminate the errors that may result from using spreadsheets and that have a familiar interface to ensure compliance, transparency and accuracy.

Many companies rely on spreadsheets to prepare financial reports, do their planning, budgeting and consolidation. However, it is clear that this approach has shortcomings. Spreadsheets offer no reliable audit trail to ensure data integrity, not to mention they cause problems with version control. As a result, spreadsheets are difficult to audit, costing businesses more money. Hence, organisations should replace spreadsheet systems with planning solutions that eliminate the errors that may result from using spreadsheets and that have a familiar interface to ensure compliance, transparency and accuracy.