Recent TRG blog posts

The unique nature of insurance contracts, with their long-term liabilities and inherent risks, presents specific challenges for accountants. This blog post will explore key best practices that can help insurance professionals navigate these challenges and ensure accurate, reliable, and compliant financial reporting.

Financial forecasting for insurance businesses presents unique challenges - from regulatory changes and market volatility to evolving risk landscapes and shifting consumer behaviours. By following the best practices outlined in this article, finance executives in the sector can greatly improve theirpredictive capabilities and drive informed decision-making.

Financial forecasting can make or break an organisation's strategic decisions. However, even the most seasoned finance professionals can fall prey to common forecasting errors. This blog post aims to shed light on these pitfalls and ways to avoid them, helping you to refine your forecasting processes and improve the accuracy of your financial projections.

As financial forecasting evolves from a routine budgeting task into a strategic imperative, finance executives require increasingly sophisticated tools to stay ahead. But with so many myths and misconceptions out there, it can be hard to know where to start.  

As seasoned hospitality professionals know, accurate financial reporting and analysis are essential for hotel success. For nearly a century, the Uniform System of Accounts for the Lodging Industry (USALI) has been the definitive standard for achieving transparency and comparability across the industry. 

Many companies struggle with time-consuming and error-prone invoicing, leading to payment delays and frustrated clients. These traditional systems often involve manual data entry, physical paperwork, and repeated back-and-forth communications, all of which can introduce errors and inefficiencies.

Financial forecasting in the hospitality industry presents unique challenges such asseasonality, economic fluctuations, and rapidly changing consumer preferences. By following the best practices outlined in this article, finance executives in the sector can greatly improve the accuracy and effectiveness of their projections.

As a Purchase Manager, you have seen firsthand the impact manual procurement processes can have on an organisation. Can you rise to the occasion and become an advocate for an automated P2P (procure-to-pay) solution?

With the increasing complexity of business operations, manual consolidation is becoming less feasible and more error-prone. This is where technology comes in. Here, we compare various financial consolidation tools and offer guidance on choosing the right solution for your organisation. 

The implementation of IFRS 17 has ushered in a new era for the insurance industry. This comprehensive analysis explores the impacts of IFRS 17 on insurers, focusing on general industry views, product pricing and design, key performance indicators (KPIs), and revenue recognition.