For finance executives in the insurance sector, the transition from IFRS 4 to IFRS 17 presents both challenges and opportunities. This blog post serves as a comprehensive guide to the differences between these two standards.
Recent TRG blog posts
Transition from IFRS 4 to IFRS 17: Key Differences and Challenges
Posted by Rick Yvanovich on Sun, May 26, 2024
Blog Topics: Financial Accounting Management Software
Strategic Approaches to Addressing the Challenges of IFRS 17 Adoption
Posted by Rick Yvanovich on Fri, May 24, 2024
The implementation of IFRS 17 comes with a unique set of challenges that finance executives in the insurance sector must address. In this blog post, we will provide actionable insights to help navigate the complexities of IFRS 17 adoption.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
How Financial Services Firms Stay Efficient with SunSystems Inventory
Posted by Rick Yvanovich on Mon, May 20, 2024
If your company is currently utilizing SunSystems, you already appreciate the benefits of an integrated and robust platform. However, you might not be aware that SunSystems offers an Inventory Management module that could revolutionize the way you handle inventory-related tasks within your financial services business.
Blog Topics: Financial Accounting Management Software, Infor SunSystems
Powering the Future of Procure-to-Pay: TRG Teams Up with Yooz
Posted by Rick Yvanovich on Sat, May 11, 2024
As TRG celebrates our remarkable 30-year journey, we find ourselves reflecting on the invaluable role our partners have played in our success. That's why we're thrilled to announce our partnership with Yooz, a leading provider of Procure-to-Pay (P2P) automation solutions. This collaboration reflects our commitment to delivering best-in-class solutions to our valued clients.
Blog Topics: Financial Accounting Management Software, Digital Transformation
Conquering the Challenges in Financial Consolidation for Hotel Chains
Posted by Rick Yvanovich on Thu, May 2, 2024
As a finance leader, you grapple with the problems brought about by disparate operations, ever-changing regulations, and fluctuating market dynamics. Follow along as we delve into the intricacies of financial consolidation for hotel chains, pinpoint usual stumbling blocks, and reveal the game-changing power of specialized consolidation software.
Blog Topics: Enterprise Performance Management (EPM), Financial Accounting Management Software, Digital Transformation
Why Should You Entrust Your Financial Future to This 40-year Solution?
Posted by Rick Yvanovich on Thu, Apr 25, 2024
When SunSystems was first introduced back in 1982, Mark Zukerberg was not yet born, and most computer users still have not heard of a mouse. In the fast-paced digital world, four decades might feel like a century. Yet, SunSystems is not just surviving; it's thriving, outlasting many of its competitors. What's the secret to its longevity? More importantly, will it continue marching on for the next 40 years?
Blog Topics: Financial Accounting Management Software, Infor SunSystems
Best Practices for Implementing Cloud Financial Management in Hotels
Posted by Rick Yvanovich on Thu, Feb 8, 2024
Implementing new software can be a daunting task, especially when it comes to financial management in hotel businesses. However, with the right precautions and strategies in place, the process does not have to be overwhelming.
Blog Topics: Hospitality solutions, Financial Accounting Management Software, Cloud Computing
The Use of Spreadsheets and Modern Cloud Adoption in Businesses
Posted by Rick Yvanovich on Mon, Jan 22, 2024
Data plays a vital role in empowering leaders to not only stay informed about their current financial performance but also contribute to financial planning and analysis, as well as ensure businesses maintain compliance.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Technology trends, Cloud Computing, Analytics, Digital Transformation
The Benefits of E-Invoicing (Electronic Invoicing)
Posted by Rick Yvanovich on Fri, Jan 12, 2024
Electronic invoicing (e-invoicing) is revolutionising how businesses handle transactional documents between suppliers and buyers. From cost reduction and automation to improved cash flow and enhanced relationships, e-invoicing offers a wide range of advantages while also helping to contribute to environmental sustainability by reducing paper usage and minimising the carbon footprint.
Blog Topics: Financial Accounting Management Software
Unveiling the Strategic Benefits of IFRS
Posted by Rick Yvanovich on Thu, Jan 4, 2024
International Financial Reporting Standards (IFRS) compliance is often seen as a mountainous and challenging workload for many businesses, especially those operating multi-nationally. However, beneath the surface of technical and accounting complexity lie many benefits waiting to be discovered. IFRS, in fact, is not as scary and daunting as it seems.
Shifting your mindset is key to embracing the IFRS journey. By understanding its advantages, you can navigate the transition with clarity and confidence. This blog will help shed light on the two main benefits of IFRS adoption as well as how suitable solutions can lessen the daunting task.
Read more: IFRS 17 Overview: What Is It For? Who Is Affected? Why Should You Care?
Blog Topics: Financial Accounting Management Software, Infor SunSystems