Recent TRG blog posts

As financial forecasting evolves from a routine budgeting task into a strategic imperative, finance executives require increasingly sophisticated tools to stay ahead. But with so many myths and misconceptions out there, it can be hard to know where to start.  

Personalised services versus revenue management, which is more crucial for a hotel's success? This is a question that has sparked considerable debate among industry professionals.

After years of fervent adoption of cloud computing, some organisations are now bringing select workloads back on-premises or opting for hybrid approaches. This phenomenon, often referred to as "cloud repatriation," is driven by a complex interplay of factors, including cost, security, performance, regulatory compliance, and control.

As seasoned hospitality professionals know, accurate financial reporting and analysis are essential for hotel success. For nearly a century, the Uniform System of Accounts for the Lodging Industry (USALI) has been the definitive standard for achieving transparency and comparability across the industry. 

Nucleus recently interviewed Infor EPM users to gain insights into their experience with the solution. These results are highly positive. Benefits gained included improved operational efficiency, cost savings, and better financial planning and reporting.

Many companies struggle with time-consuming and error-prone invoicing, leading to payment delays and frustrated clients. These traditional systems often involve manual data entry, physical paperwork, and repeated back-and-forth communications, all of which can introduce errors and inefficiencies.

Manual financial consolidation is time-consuming and labour intensive. Fortunately, Infor SunSystems offers a robust and scalable solution for financial consolidation, designed to meet the needs of organisations with multiple entities across different countries.  

As businesses are seeking ways to cut costs in anticipation of a rough economic road ahead, what can the HR function do to help?  

360-degree feedback has become a game-changer in talent management, offering a comprehensive approach to evaluating and developing employees. This method goes beyond traditional performance reviews by considering inputs from multiple sources, including supervisors, peers, and subordinates.

Implementing a 360-degree feedback system is not always straightforward. Many companies struggle to get it right, facing challenges in design, execution, and follow-up.