TRG Blog

What is Zero-based Budgeting?

Posted by Thai Pham on

It is safe to say most businesses would resort to cost cutting initiatives in a time of tight margins and high risksHowever, 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.  

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Topics: Planning and Budgeting, CFOs, Financial Accounting Management Software

Managed IT Services: What Hoteliers Need to Know

Posted by Andrew Turton on

In their pursuit to meet the ever-rising expectation of travellers, the hospitality industry is increasingly adopting new IT technologies. Some daring brands even venture into the realm of Artificial Intelligence and the Internet of Things to quench the thirst for a "truly unique guest experience." Nevertheless, none of the "next-gen solutions" out there would work without an agile yet robust IT infrastructure. This is where managed IT services come into play. 

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Topics: Hospitality solutions

How Retailers Can Implement Omnichannel with Retail Pro Prism

Posted by Binh Pham on

For forward-looking retailers, the path of becoming an omnichannel business has just begun, with many more changes and investments are to be made. The leaders of the retail industry have already set the bar for high-quality services and true omnichannel experiences. For example, the scan-and-go store concept from Amazon has broken the norm of brick-and-mortar retailing and given new meaning to the omnichannel retail experiences. 

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Topics: Retail Management System, Retail Pro

Fixed Forecasting vs. Rolling Forecasting: Which One Is Right for You?

Posted by Rick Yvanovich on

In a global survey conducted by KPMG1 in 2016, over two-thirds of respondents, who are all senior executives, said they have some forms of rolling forecast in place. In order to thrive in this VUCA world, accurate forecasting seems more imperative than ever. Rolling forecasting, as a means to achieve that, is now a universal practice thanks to its proven capabilities. 

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Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Enterprise Resource Planning ERP

Succession Planning: 5 Common Mistakes & How to Avoid Them

Posted by Rick Yvanovich on

A poor succession plan costed Blackberry 4,500 employees and nearly $1 billion. While the absence of a succession plan is detrimental to the future growth of any business, rushing to draft one up without a deep understanding and careful consideration of all aspects involved can lead to unforeseen consequences. So, what are the tell-tale signs of succession planning failures?

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Topics: Talent Management

A Primer of Budgeting

Posted by Rick Yvanovich on

Budgeting plays a vital part in any organisation regardless of size. For some, the process of building a budget is downright tedious, time-consuming, and challenging. What's more, businesses have to worry about not only short-term budgets but also long-term ones. 

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

Financial Planning vs. Budgeting vs. Forecasting: A Quick Comparison

Posted by Rick Yvanovich on

Planning, Budgeting, and Forecasting (PB&F) is one of the three management processes that constitute Enterprise Performance Management (EPM). We have presented the basic principles of EPM and its other two components in a previous post. In this article, we will dive deeper into the PB&F process and discuss the similarities and differences among financial planning, budgeting, and forecasting.

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Topics: Planning and Budgeting, CFOs, Financial consolidation, planning and reporting

3 Things You Can Do to Avoid Being Ghosted by Job Candidates

Posted by Rick Yvanovich on

Appeared in 2016, the term “ghosting” is first used to describe a situation for romantic relationships where a person “disappears” and cuts all connections with the other party without any explanation. Recently, this practice has expanded from the dating world to the workplace and became a nightmare for both candidates and employers. Fortunately, there are steps you can take in order to avoid being ghosted by candidates.

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Topics: Talent Management

[Infographic] Top ERP Software Providers - 2019 Reviews and Comparison

Posted by Ho Nguyen on

Panorama has listed SAP, Oracle, Microsoft Dynamics, and Infor to be their “Tier 1” ERP vendors. Back in 2017, TRG International published a simple infographic to dive deep into various aspects that make these brands to be the best of all. 

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Topics: ERP, Enterprise Resource Planning ERP

A Brief Guide to Measuring Training Effectiveness

Posted by Rick Yvanovich on

According to a study done by ClearCompany1 in 2016, 68% of workers say training and development is the most important workplace policy. Nonetheless, many companies still view employee training as an expense instead of an investment. But despite all of the resources, time and effort put into making everything happens, many organisations fail to properly measure the effectiveness of the training.  

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Topics: Talent Management

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 Rick Yvanovich
 /Founder & CEO/

With TRG International Blogs, it is our mission to be your preferred partner providing solutions that work and we will make sure to guide your business to greatness every day.

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