Recent TRG blog posts

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 financial consolidation and reporting processes.

Blog Topics: CFOs, Financial Accounting Management Software, Infor SunSystems

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.

Blog Topics: Financial Accounting Management Software

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?

Blog Topics: CFOs, Financial Accounting Management Software

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.

Blog Topics: CFOs, Financial Accounting Management Software

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.

Blog Topics: CFOs, Financial Accounting Management Software

Most organisations have plans. There is, however, a huge difference between a good plan and a bad plan. A bad plan, for example, is one that consists only of costs and revenues. This plan provides no guidance for the organisation regarding how it is to achieve the revenue targets. There is no linkage between the high level goals and the day-to-day activities necessary to achieve them.

Blog Topics: Enterprise Performance Management (EPM), Financial Accounting Management Software

In today’s complex and rapidly changing business climate, there is an increased demand for top management to better observe, measure, and manage their business. Planning and budgeting plays an important role in enterprise performance management. However, in many organisations, planning and budgeting is not seen as adding value since:

Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software

In a study by the Chartered Institute of Management Accountants (CIMA), different types of training and development methods were ranked according to how useful each one was rated by senior finance professionals.

Blog Topics: Financial Accounting Management Software

Businesses, no matter how big or small, all want to make high quality, impactful business decisions. In order to be able to do so, the business must be equipped with accurate, fact-based and timely data. This is where management accounting comes in.

Blog Topics: CFOs, Financial Accounting Management Software

Since the early days, Management Accounting has played a critical role in helping executives to make impactful decisions. However, many people have easily mistaken Management Accounting for "Financial Accounting". When you clearly understand these two concepts, you will see that they have obvious fundamental differences.

Read more: An accounting software playbook

Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software