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.
Recent TRG blog posts
Detecting and Preventing Duplicate Invoice Payments
Posted by Thai Pham on Mon, Jul 2, 2018
Blog Topics: CFOs, Financial Accounting Management Software
Beyond Infor SunSystems 6.3 – Cloud Security A.I. and More
Posted by Thai Pham on Mon, Jun 25, 2018
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: CFOs, Financial Accounting Management Software
The True Value of Corporate Budgeting
Posted by Rick Yvanovich on Sat, Jun 23, 2018
Budgeting is one of the most fundamental business processes. However, there have been controversial views regarding to the true value of budgeting, or what it actually brings to companies in terms of ROI. Some people say that the process can be skipped, some say it plays a considerable role, while others remain sceptical about an objective way to measure the ROI of budgeting.
Blog Topics: Enterprise Performance Management (EPM), Financial Accounting Management Software
Factors to Consider when Choosing Accounting Software (Part 3)
Posted by Rick Yvanovich on Sat, Jun 16, 2018
In the previous posts, we touched upon the somewhat more obvious factors to consider when picking an accounting software solution, such as your company’s requirements and the software’s capabilities. However, they are only half the story.
Blog Topics: Financial Accounting Management Software
[Infographic] Must-have Digital Tools for Modern CFOs
Posted by Rick Yvanovich on Thu, Jun 14, 2018
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.
Blog Topics: CFOs, Financial Accounting Management Software
Factors to Consider when Choosing Accounting Software (Part 1)
Posted by Rick Yvanovich on Mon, Jun 4, 2018
In this highly saturated software market, unless the compared solutions are in two completely different leagues, it is often hard to tell which accounting software is better than another, yet somehow the most suitable solution must still be found. Making the right choice can be divided into three aspects: your business, the software, and the software vendor.
Blog Topics: Financial Accounting Management Software
When CFOs take over the role of COOs
Posted by Rick Yvanovich on Wed, Mar 7, 2018
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?
Blog Topics: CFOs, Financial Accounting Management Software
[Infographic] 5 Key Technology Priorities for CFOs in 2018
Posted by Rick Yvanovich on Tue, Feb 27, 2018
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.
Blog Topics: CFOs, Financial Accounting Management Software
Infor - the Enterprise Software Giant from New York City
Posted by Ho Nguyen on Wed, Jan 17, 2018
Though lesser known among other software giants like SAP, Oracle and Microsoft, Infor has gained tremendous popularity by offering deep industry-specific applications and suites, cloud deployment and extremely user-friendly interfaces.
Blog Topics: Enterprise Performance Management (EPM), Financial Accounting Management Software, Cloud Computing, Analytics, Enterprise Resource Planning ERP
The Role of Technology in Strategic Performance Management
Posted by Rick Yvanovich on Fri, Jan 5, 2018
Not long ago, we discussed about the gap between strategy and execution as well as ways to bridge the gap with the Balanced Scorecard. Technology plays an important role in facilitating strategic performance management.
Blog Topics: Enterprise Performance Management (EPM), Financial Accounting Management Software, Technology trends