As the risk of recession is rising across the globe, oil and gas businesses are facing a pressing need to streamline their operations. And their financial management systems lie at the core of this effort. TRG has identified four criteria of advanced accounting systems for upstream oil companies.
Recent TRG blog posts
4 Must-haves for Oil and Gas Accounting Software
Posted by Rick Yvanovich on Thu, Mar 24, 2022
Blog Topics: Financial Accounting Management Software
A Simple Guide to Enterprise Performance Management (EPM)
Posted by Rick Yvanovich on Sat, Mar 5, 2022
Enterprise performance management (EPM), not to be confused with employee performance management, is increasingly popular thanks to technological advancements. The solution provides powerful functionalities with real-time data consolidation, predictive analytics, cloud-based applications, and better yet, ease of use.
Blog Topics: Enterprise Performance Management (EPM), Financial Accounting Management Software
Financial Forecasting Software: What Is It and Why Does It Matter?
Posted by Rick Yvanovich on Tue, Mar 1, 2022
Predicting your business’ financial future may not be at the top of your to-do list if you're so caught up in day-to-day operations. Fortunately, modern enterprise software has matured enough to make financial forecasting much faster and more accurate. So, what is financial forecasting software?
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
How to Choose the Right Financial Consolidation Software?
Posted by Rick Yvanovich on Tue, Jun 8, 2021
Manual financial consolidation is time-consuming and labour intensive. Many companies find that manual processes are no longer sufficient and can lead to serious delays and inaccuracies in the year-end financial close process.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
An Overview of Treasury Management and Treasury Management Software
Posted by Rick Yvanovich on Thu, Mar 4, 2021
While treasury management has always been critical in ensuring a corporate’s liquidity and financial viability, its role appears to have become even more important in recent years. When the treasury department operates as a strategic business partner, working closely with other business functions, it needs better tools and technology.
Blog Topics: Financial Accounting Management Software
How AstraZeneca Cuts Costs by Automating Their Expense Management
Posted by Rick Yvanovich on Tue, Mar 2, 2021
Today, AstraZeneca is widely known for their Oxford/AstraZeneca COVID vaccine, co-developed with the University of Oxford. But this hardly is the first time the pharma giant pushes the boundaries of science to deliver life-changing medicine.
Blog Topics: Financial Accounting Management Software
Infor Ming.le – A New Solution To Productivity Issues
Posted by Thai Pham on Thu, Feb 11, 2021
Infor Ming.le is a comprehensive platform for social collaboration, business process improvement and contextual analytics. Its innovative social media concept enables an employee to work more effectively as it combines social communication and business processes. The major difference between Infor Ming.le and other information sharing technologies is Ming.le is fully embedded with the organisations main systems, for example, ERP and accounting software.
Blog Topics: Hospitality solutions, Financial Accounting Management Software, Technology trends, Infor SunSystems
Grasping the Importance of Medical Billing and Accounting Software
Posted by Rick Yvanovich on Tue, Dec 15, 2020
Healthcare is essential. Everyone gets sick and is entitled to adequate healthcare treatment when needed. Serving a wide range of patients of different age and conditions, it is understandable that the healthcare industry offers vast services, complies with complex statutory requirements, and handles stressful environments daily.
Blog Topics: Financial Accounting Management Software
Intercompany Reconciliation: 3 Ways to Overcome the Challenges
Posted by Rick Yvanovich on Fri, Sep 11, 2020
Intercompany Accounting has always been a highly important process for the parent company to get done right. Though expanding the business is seen as a success, managing the accounting and finance side is not an easy job. Companies have always found the work to be significantly challenging and risky, and Intercompany Accounting is one of the top struggles. If done wrong, the company can deal with serious issues and errors in their final financial statements.
Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
The How-To Guide to Choosing Accounting Software for Startups
Posted by Rick Yvanovich on Thu, Sep 10, 2020
Operating a startup is challenging. As a startup owner, you have to wear multiple hats, and the last thing you want to worry about is keeping track of every single receipt. Thus, it is understandable to overlook the accounting function as you are trying to balance your time as much as possible.
Blog Topics: Financial Accounting Management Software