Recent TRG blog posts

Evaluating a financial management software is no easy task, as it lays the very foundation for the next step – implementation. However, it is better to take the initiative to embrace change before it turns the whole system upside down. Read on to get a general idea of the financial management climate as well as a new approach to increase financial performance.

As Executive Director, Education, at the Chartered Institute of Management Accountants (CIMA), Robert Jelly is at the forefront of research on finance, accounting and related matters.

The financial management applications category is one of the most mature enterprise software sectors and the accounting application is one of the first tools that a growing company rolls out. In spite of its maturity and because of its indispensable nature, financial management tools need to continue evolving to meet the requirements of the business. It is essential, therefore, that the financial management tools of choice be supported by a successful vendor and a strong product management team.

It’s that time of year again. As 2011 winds down, financial experts are hard at work trying to predict what 2012 will hold in store for U.S. small businesses. Will it be more of the economic slump we’ve seen for the past few years — or are things finally starting to turn around?

Ventana Research recently completed groundbreaking benchmark research on how finance organizations use analytics these days. Of course, analytics have been a mainstay of finance organizations since people started using accounting ratios to assess the health and performance of a business. Yet perhaps because traditional analytics are so deeply entrenched, finance departments execute the basics well but don’t take the next step to fully utilize the power of information technology to use analytics more effectively. And they should: Our research finds that a majority of executives and managers outside the finance organization want the department to play a more strategic role in their company’s management.

The backbone of any organization, financial management applications are the foundation that helps a company manage and gain insight into the most important parts of their business. Financial management applications streamline processes to help an organization manage business-critical functions such as accounting, project management, payroll, and human resources. When the financial management software of an organization becomes disjointed or broken, the implications can certainly impact the success and profitability of that organization.

The backbone of any organization, financial management applications are the foundation that helps a company manage and gain insight into the most important parts of their business. Financial management applications streamline processes to help an organization manage business-critical functions such as accounting, project management, payroll, and human resources. When the financial management software of an organization becomes disjointed or broken, the implications can certainly impact the success and profitability of that organization.