Recent TRG blog posts

Intercompany accounting is an all-important process that any parent company must get right. If not done correctly, it can gravely hinder the preparation of the company's consolidated financial statements. The following best practices for intercompany accounting will make this process much more straighforward and hassle-free. 

Read more: Why does your company need an accounting software?

Our digital world is growing at an alarming rate. It is estimated that, by 2020, there will be 44 trillion gigabytes of data¹ created and copied annually.  However, data remains one of the most underutilised assets of any organisation. Enterprise data management is supposed to fix this paradox. Here's what you need to know about enterprise data and how to manage it. 

The financial services industry in the post-crisis era is still rife with challenges, both old and new, including extensive regulatory changes, technology disruptions, and a greater demand for trust and transparency. Financial services firms operating in such a contested environment need an accounting software solution that can deliver top-notch industry-specific capabilities.  

Infor SunSystems has a well-established reputation as a world-class integrated financial management solution designed to meet the complex financial operations in multinational enterprises and fast-growing companies. In today's article, we will take a look at a specific function that is vital to any accounting function - Order Fulfilment Management. 

Despite its complexity, financial consolidation - the process of combinining and normalising financial data from different business units (entities) - is often still being performed by outdated tools. This problem is compounded by the fact that CFOs are facing growing reporting and compliance requirements on a global scale. 

In previous blog posts, we have discussed why workflow automation software is a worthwhile investment as it frees up human resources, increases efficiency, reduces errors in both information gathering and overall processes, and reduces your overall costs.

As we have explained in earlier blog posts, proper document management is a challenging but worthwhile practice. However, if you have decided to invest in a document management system (DMS), a whole new problem arises – Which one do you choose and what does such a system even need?

A typical finance professional spends the majority of his or her time collecting, validating, and administering data, leaving a tiny window for value-added analysis. CFOs demand forecasts to be accurate, timely, and relevant. Yet, the finance department struggles to satisfy such requests. 

In his keynote at Inforum 2019, Infor CEO Kevin Samuelson reconfirmed the company’s commitment to delivering on-time and on-budget projects. Go-lives should not be the destination but the starting line where business problems get solved and values get created. How are Infor and its partners going to achieve that?

Many businesses today are still relying on paper registers, massive spreadsheets and human resources to manage a lot of workflows in their business. Operations such as inventory reporting, sales approval and customer experiences that are managed manually will often result in many bottlenecks as operations become backlogged because of the sheer amount of data that needs to be catalogued and processes that need to be done. As a result of this, data is often lost or incomplete, and productivity and efficiency are reduced.