TRG Blog

A Primer of Budgeting

Posted by Rick Yvanovich on

Budgeting plays a vital part in any organisation regardless of size. For some, the process of building a budget is downright tedious, time-consuming, and challenging. What's more, businesses have to worry about not only short-term budgets but also long-term ones. 

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Topics: Planning and Budgeting, Enterprise Performance Management (EPM), Financial Accounting Management Software

How to Successfully Implement e-Invoicing in 5 Steps

Posted by Thai Pham on

Electronic invoicing (e-invoicing) is the transmission, reception, and processing of digital transactional documents between suppliers and buyers. A true e-invoicing method should be entirely electronic in such a way that data from the supplier can be integrated directly into the buyer’s system. E-invoicing benefits both suppliers and buyers. 

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Topics: Financial Accounting Management Software

3 Pressing Challenges for the Hotel Accounting Team in Today’s Digital Age

Posted by Thai Pham on

In this day and age, it is crucial for hotel businesses to adapt to disruptive trends such as personalised customer experience, IoT, and blockchain. Advancements will also bring new challenges to the hotel finance and accounting team, who must evolve to take on new responsibilities and provide key insight for the CFO’s decisions in the following critical areas.

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Topics: Hospitality solutions, Financial Accounting Management Software

How Infor d/EPM Benefits CFOs in Discrete Manufacturing

Posted by Thai Pham on

If your business is in need of a full-fledged reporting and financial performance management software with built-in deep analytics, business intelligence, plus the capability to help you gain a holistic real-time view of the entire business performance, Infor d/EPM might be the one that you’ve been looking for. 

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Topics: CFOs, Financial Accounting Management Software, Business Intelligence

Financial Management for Nonprofits: the World Vision's Case Study

Posted by Thai Pham on

World Vision, based in Monrovia, California, is a global relief organisation committed to improving the well-being of people around the world, particularly children. With the aims to help poor children and their families build a sustainable future, World Vision’ responsibility is to assure that the resources they spent are used according to their mission. Acknowledging the situation, World Vision realised that they need support in managing their complex set of financial data in the most efficient way.

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Topics: CFOs, Financial Accounting Management Software, Infor SunSystems

Introducing Infor SunSystems 6.4

Posted by Thai Pham on

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

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Topics: Financial Accounting Management Software

Automating Reporting in the Financial Services Sector: a Case Study

Posted by Thai Pham on

In order to improve the efficiency of its accounting and reporting systems, Astra Life upgraded its enterprise financial management solution. The results include a 6-day reduction in the month-end closing process, a 75% reduction in reporting time, and a 72% reduction in accounts payable transaction time. How did they achieve such impressive figures?

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Topics: CFOs, Financial Accounting Management Software

Communicating the Value of Intangible Assets

Posted by Rick Yvanovich on

In addition to being difficult to manage, intangible assets have traditionally been a challenge in terms of communicating their value. Financial reporting has not evolved fast enough to adequately capture the true value of the organisation’s intangible assets and to address the needs of business decision makers.

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Topics: CFOs, Financial Accounting Management Software

What are the Functions of a Hotel's Finance Team?

Posted by Rick Yvanovich on

There are several functions in the finance team of hotels, each serving a different purpose in hotel financial management. Whilst some of these may overlap, they include: financial accounting, cost accounting, tax accounting, auditing and managerial accounting. With the advent of technology, hotel accounting software has gained a significant role in helping these finance function of hotels.

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Topics: Hospitality solutions, Financial Accounting Management Software, Infor SunSystems

What does Unified Ledger Accounting Mean to Accountants?

Posted by Rick Yvanovich on

Ledgers are the backbone of any accounting system. They are the central repository for all accounting data of an organisation and are pivotal to financial reporting. An organisation’s financial statements are derived from ledgers.

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Topics: CFOs, Financial Accounting Management Software

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 Rick Yvanovich
 /Founder & CEO/

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