Recent TRG blog posts

Effective financial management plays a critical role in the success and long-term viability of organisations, regardless of their size or industry. The availability of advanced financial management software solutions has revolutionised the way businesses handle their financial operations, offering enhanced automation, real-time insights, and improved decision-making capabilities.

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.

Intercompany Accounting has always been a highly important process for the parent company to get done right. Though expanding the business is seen as a success, managing the accounting and finance side is not an easy job. Companies have always found the work to be significantly challenging and risky, and Intercompany Accounting is one of the top struggles. If done wrong, the company can deal with serious issues and errors in their final financial statements.

Goals—Can't live with them; Can't live without them. Goals are necessary to motivate us and keep us moving forward. As human beings, we all feel a sense of achievement when a goal is met. For companies, goals provide much-needed direction and clarity.

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?

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.

Businesses across all industries have two things in common: they utilise documents and they create a lot of them. Documents are used for everything from sales reports to product development and end up being stored in all sorts of places, both digitally and physically.

Document management is often an overlooked practice in your business, but did you know that according to research your employees can spend up to 20% of their time at work searching for information about the task they are currently doing?

A budget is a quantified version of your strategic goals. Therefore, having a sound budget in place is instrumental in driving your profitability and also in averting any number of adverse consequences that may arise as your business grows.