Manual invoice processing can cost businesses up to $16.5 per document—a significant drain on financial resources that smart automation eliminates. The solution? Automating accounts payable functions to eliminate manual labour and processes.
Recent TRG blog posts
Tech Tidbits: What is Accounts Payable Automation?
Posted by Rick Yvanovich on Tue, Jan 14, 2025
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Digital Transformation
Financial vs. Treasury Management: Unpacking Key Differences
Posted by Rick Yvanovich on Mon, Jan 13, 2025
Corporate finance is a complex function with intertwined rules, modules, and features. The two terms “financial management” and “treasury management” might sound alienated to anyone outside the financial realm. Both terms are, indeed, very vital to the business' success. They serve different purposes but do work together.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Technology trends
The Future of Invoice Processing: Smarter Data Extraction with OCR
Posted by Rick Yvanovich on Tue, Dec 24, 2024
If you are into invoice processing automation, you need to know about OCR.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Technology trends
AP Automation and ERP Systems: The Dynamic Duo
Posted by Rick Yvanovich on Fri, Dec 6, 2024
Enterprise resource planning (ERP) is a powerful solution with sophisticated modules, features, and functions. It connects various aspects of a business into a unified platform to provide a holistic view of its operations and performance. What you might not know is the solution can be integrated with additional systems like Accounts Payable Automation to expand its capabilities further.
Blog Topics: Financial Accounting Management Software, Digital Transformation
You're Losing Money on Manual Invoice Processing! Here's A Solution
Posted by Rick Yvanovich on Tue, Dec 3, 2024
86% of accounts payable teams rely on manual invoice processing1. This can cause businesses to lose money and human resources that could be used in more strategic areas.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
Cash & Treasury Management Best Practices: A Comprehensive Guide for Finance Executives
Posted by Rick Yvanovich on Fri, Nov 29, 2024
Effective cash and treasury management stands as a cornerstone of corporate financial health. For finance executives, optimising these functions can significantly impact an organisation's liquidity, risk management, and overall financial performance.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
Treasury Management in the Era of Digital Currencies
Posted by Rick Yvanovich on Thu, Nov 28, 2024
As digital currencies move from niche to mainstream finance, treasury teams face new opportunities and challenges. Beyond traditional tasks like managing liquidity and optimizing cash flow, treasurers must now consider these emerging assets. To succeed, they need to understand digital currencies and their impact on treasury operations.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
What to Look for in a Treasury Management Solution
Posted by Rick Yvanovich on Wed, Nov 27, 2024
Choosing the right software solution can make your treasury department run like a well-oiled machine. With countless options available, how do you find the perfect fit for your business? This article explores the key features and considerations when selecting a treasury management solution.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
How Autogrill VFS F&B Streamlines Operations with SunSystems Cloud
Posted by Rick Yvanovich on Wed, Nov 6, 2024
Autogrill VFS F&B, a leading player in the food and beverage industry in Vietnam, faced challenges with its legacy accounting system, Infor SunSystems 6.3, stemming from an incompatibility issue. The incompatibility limited the finance team's ability to integrate and streamline processes.
Blog Topics: Financial Accounting Management Software, Cloud Computing, Infor SunSystems, Digital Transformation
Budgeting Takes Too Long? Vital Signs You Need A Dedicated Solution
Posted by Rick Yvanovich on Tue, Oct 22, 2024
Many view budgeting as a daunting task. However, if implemented effectively, the process can serve as a robust instrument in converting expectations into a well-defined pathway for success.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software