Recent TRG blog posts

When Aberdeen Group conducted a study in 2011, they identified three classes of performance in corporate financial planning, budgeting and forecasting: Best-in-class, industry average and laggard. The research group outlined steps to help companies improve their performance, regardless of their current class.

Investors are usually tempted to skip the seemingly wordy introductory pages as well as footnotes. If the financial statements are all about figures and hard data, these non-financial sections of the corporate report add the “human touch”.

Reviewing the financial review section of an annual financial report helps to assess various aspects of the business performance and risk from a quantitative perspective. This blog outlines the main questions investors or readers should ask when reading a company’s financial statements.

Annual reports are the only published documents that contain abundant information about a company’s performance. To get the most out of them, investors should have the right skills and knowledge. This blog outlines the basic components of an annual report and how to glance through the document if one has limited time.

Hospitality businesses in Vietnam to serve over 6 million tourists

Statistics from Vietnam National Administration of Tourism (VNAT) have revealed a 14% annual growth in international visitors to the country. In November alone, around 656,000 tourists visited Vietnam, bringing the total amount of international arrivals in the first 11 months of 2012 to 6,035,901^(*). The question now is, are hospitality businesses up for the game?

The last post pointed out crucial elements needed in a best-in-class financial management solution. Now we are going to discuss two additional factors that are also necessary for businesses to “future-proof” themselves from unexpected changes.

Spring is not too far away, and with the change of seasons comes a change in the financial reporting requirements. XBRL (eXtensible Business Reporting Language) mandates go into effect April 13, when the SEC (US Securities and Exchange Commission) will require the 500 largest public companies to file XBRL-tagged versions of their financial results. By 2013, all public companies which use International Financial Reporting Standards (IFRS) will also be submitting their financial returns to the SEC using XBRL.

Many companies are finding that a non-ERP financial management framework delivers the strongest capabilities and greatest flexibility. However, it is still a challenge to find a system capable of operating effectively in such a dynamic and complex environment. The criteria below will help you:

Many companies are finding that a non-ERP financial management framework delivers the strongest capabilities and greatest flexibility. However, it is still a challenge to find a system capable of operating effectively in such a dynamic and complex environment. The criteria below will help you:

Combining a best-in-class financial management solution with line-of-business applications has emerged to be a serious contender among financial management strategies. This financial management framework is not only more cost-effective than the big ERP approach, but it also accommodates the need for agility and flexibility amid changing market conditions.