The Sarbanes-Oxley Act of 2002 (or SOX) is a federal law that established stringent auditing and financial regulations for publicly traded corporations.
Recent TRG blog posts
What You Need to Know About the Sarbanes-Oxley Act (SOX)
Posted by Rick Yvanovich on Fri, Oct 21, 2022
Blog Topics: CFOs, Financial Accounting Management Software
Why CFOs should be looking to the Cloud
Posted by Thai Pham on Wed, Jul 20, 2022
For many organisations, cloud computing really is the question of “when” not “if”. There are significant advantages of the transition to the cloud, and not just from an IT perspective. The finance functions should be able to reap rewards from this trend as well.
Blog Topics: CFOs, Financial Accounting Management Software, Cloud Computing
Automating Financial Forecast for Hotels with Cloud Systems
Posted by Rick Yvanovich on Tue, Apr 12, 2022
How can a hotel chain whose properties are located in many different countries reliably provide its financial professionals with advanced forecasting and reporting capabilities around the clock and across multiple devices? Find out how forcasting in the hospitality industry works with the case of Kempinski Hotels - the Europe’s oldest luxury hotel group.
Blog Topics: Hospitality solutions, CFOs, Enterprise Performance Management (EPM), Financial Accounting Management Software
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
Financial Planning vs Budgeting vs Forecasting: A Quick Comparison
Posted by Rick Yvanovich on Fri, Jul 5, 2019
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.
Blog Topics: Planning and Budgeting, CFOs, Financial consolidation, planning and reporting
Will Smart Technologies Replace CFOs?
Posted by Thai Pham on Wed, Nov 21, 2018
From cloud computing and robotic process automation to analytics, AI, and machine learning, a new class of digital disruptors is transforming the role of finance. Will all the automation and technology that CFOs have at their fingertips ultimately replace the need for a traditional finance chief, or will CFOs be able to harness that technology to improve their bottom lines?
Blog Topics: CFOs, Technology trends
5 Elements of an Integrated Business Planning Framework
Posted by Thai Pham on Sun, Nov 18, 2018
Integrated Business Planning (IBP) has delivered significant benefits to practicing businesses. According to a recent study conducted by Aberdeen Research, companies with a well-structured IBP process achieved the following benefits over a two-year period post IBP implementation:
Blog Topics: CFOs, Technology trends
Why Integrated Business Planning Should Be Your Next Focus
Posted by Thai Pham on Sun, Nov 18, 2018
Integrated business planning (IBP) is a business-focused evolution of traditional sales and operations planning (S&OP) that aligns sales, business strategy, and operations with enterprise-wide financial performance.
Blog Topics: CFOs, Technology trends
How Does the Integration between ERP and EPM Software Work?
Posted by Ho Nguyen on Sat, Nov 10, 2018
Integrating your ERP system with an EPM solution provides unparalleled benefits to your business. So how does this integration work? How can you consolidate your ERP system data with Infor EPM?
Blog Topics: CFOs, Enterprise Performance Management (EPM), Enterprise Resource Planning ERP
Why Your ERP Needs a Performance Boost from EPM Software
Posted by Ho Nguyen on Wed, Nov 7, 2018
In today’s self-service business environment, enterprise resource planning (ERP) solutions are invaluable for consolidating data in a single place—but that’s only half the story. Optimised for back-office transaction processing and operational process support, ERP systems lack the agility to support complex financial processes.
Blog Topics: CFOs, Enterprise Performance Management (EPM), Enterprise Resource Planning ERP