Recent TRG blog posts

One of the steps in an effective IFRS implementation strategy is to assess the impacts of IFRS on the whole organisation. Reporting and disclosure (e.g., financial statements) are likely to be at the forefront of major changes.

Infor is pleased to announce the general availability of Infor SunSystems Mobile 1.1.0, available for download in the Apple App Store^SM. 

IFRS transition is a business issue that touches all corners of the organisation from board involvement at the CEO/CFO level down to the business process layers. It is not an IT-driven initiative, as the interpretations of the legislation can be complex. However, technology involvement must not be dismissed.

IFRS transition is a business issue that touches all corners of the organisation from board involvement at the CEO/CFO level down to the business process layers. It is not an IT-driven initiative, as the interpretations of the legislation can be complex. However, technology involvement must not be dismissed.

Organisations that seek globalisation inherently face the challenge of managing their business operations in various locations. Hence, visibility into overall financial data and performance is of utmost importance. According to a study by Aberdeen Group in 2011, improving visibility is the most popular strategy companies use to aid their global expansion quest.

According to Ventana Research, the majority of companies (83%) view the ability to close their books quickly as important or very important. However, businesses nowadays take longer to close than they did five years ago. Pressures from both within and outside of organisations are preventing them from achieving an efficient financial close.

During the IFRS adoption, a company will make some simple and straightforward changes, such as adding a few extra accounts in its corporate financial systems so it can collect existing data in a different way. Other changes will be more challenging, requiring the company to change several business processes or, in some cases, redesign all or part of its financial system.

During the IFRS adoption, a company will make some simple and straightforward changes, such as adding a few extra accounts in its corporate financial systems so it can collect existing data in a different way. Other changes will be more challenging, requiring the company to change several business processes or, in some cases, redesign all or part of its financial system.

In recent years, the world’s interest in sustainability has skyrocketed. Not surprisingly, the issue of sustainability has moved from the periphery to the very heart of business.

Traditional budgeting is argued to have begun about a century ago as a method of managing costs and cash flows. Typically, the process’s steps are as follow: