Recent TRG blog posts

Known as the technology behind Bitcoin, blockchain can be applied in a wide array of applications for business, not just limited to only the cryptocurrency arena. Even though still in its infancy, blockchain technology is believed to redefine the finance function.

Companies spend millions of dollars developing and documenting their processes, policies, and controls, yet have little visibility into whether they’re being followed. With thousands of transactions to screen and systems being accessed by hundreds or thousands of employees whose statuses change daily, the process of monitoring for breaches—either accidental or intentional—can be both expensive and overwhelming. A strategic and automated approach is, therefore, essential.

In a more digitalised world, the finance leaders are expected to be forward-looking, evolved from their traditional role to provide data-driven analysis and insights. However, in reality, many CFOs still find it is difficult to keep up with the development, and therefore, is unable to deliver deep insights to support the risk management to spot new opportunities, weather economic shocks and volatility.

In July, Workday released its global “Finance Redefined” study, conducted by Longitude, which surveyed more than 670 finance leaders across the Americas, Europe, Asia Pacific, and South Africa to get their vision and strategy on the future of the finance function and finance leadership.

Duplicate invoice payments occur far more frequently than most organisations realise. On average, approximately 0.1% to 0.05% of invoices paid are typically duplicate payments—which for a medium-size organisation with annual costs of $100 million over a three year period, could represent a loss of $300,000.

Infor SunSystems, among the first Infor products hosted in the cloud, is about to have some more major upgrades: smoother integration with other systems, better security, and functional enhancements.

Digital disruption has been creating new norms in the way organisations operate. In the era of Digital Transformation, CFOs are expected to look beyond their traditional roles to become an enterprise-wide strategist, an innovation and a change leader utilising technology and help drive the business. Adopting new digital tools is a must in order to further improve existing capabilities and the overall performance of the CFO. 

Infor is a leading provider of business application software with more than 73,000 customers, recognised for providing specific functionality to the hospitality industry, speeding up deployment through built-in reports, graphs and key performance indicators (KPIs). At HITEC 2015, this business application giant announced the great effort and plans for its hospitality division.

In particular, Infor EPM for Hospitality is designed with advanced functionality to help implement and facilitate analysis. Another great feature is Office Plus which integrates directly with Microsoft Excel.

The growing complexity of today’s business has forced many companies to rethink the traditional roles of C-level executives. In some cases, the roles of the CFO and the COO are combined. What are the implications of this phenomenon?

Speaking of CFOs, most people would only think of Finance specialists/ officers. However, top CFOs nowadays must go beyond their traditional roles and immerse themselves in the digital world. Technology is getting embedded deeper and deeper in every aspect of business operations, from the manufacturing stage to the financial side of any projects.

In the previous post, we examined the first three biggest Excel spreadsheet failures. In this post, we will go through the remaining four examples of why spreadsheets can become a finance professional’s worst nightmare.