Anyone who plays chess knows a good player is not just thinking about their next move - they are planning several moves ahead. That is exactly what long-term financial planning is all about. It's not just about keeping the lights on today; it's about making sure your business is thriving three, five, or even ten years down the road.
Recent TRG blog posts
Long-term Financial Planning: How to Stay At Least 2 Steps Ahead
Posted by Rick Yvanovich on Fri, Nov 22, 2024
Blog Topics: Financial consolidation, planning and reporting
Looking Beyond the Fiscal Year: How to Transition to Strategic Budgeting
Posted by Rick Yvanovich on Thu, Nov 21, 2024
An increasing number of businesses are looking beyond the fiscal year when it comes to budgeting, instead opting for strategic budgeting for good reasons. This article will explore these reasons and, more importantly, how your business can transition from traditional annual budgeting to strategic budgeting.
Blog Topics: Financial consolidation, planning and reporting
Hotel Budgeting: Tips to Stay in Control
Posted by Rick Yvanovich on Tue, Nov 12, 2024
It must be high time for budgeting at your business, which is why you are reading this article. Feeling overwhelmed? But seriously, why can’t companies just minimise spending and cut back on all unnecessary expenses? Who needs pizza days anyway?
Blog Topics: Hospitality solutions, Financial consolidation, planning and reporting
How to Conduct a PESTLE Analysis: A Practical Guide
Posted by Rick Yvanovich on Sun, Nov 10, 2024
One of the direst mistakes you can make when it comes to strategic planning and forecasting is to overlook external factors. One tool you can use for this is PESTLE analysis. In today’s article, we will explain everything you need to know about conducting a PESTLE analysis.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting
Why Finance Professionals Only Have 5 Years to Reinvent Themselves & How to Do It
Posted by Rick Yvanovich on Tue, Oct 29, 2024
Let's face it: the days of finance professionals focusing on retrospective activities - bookkeeping, financial reporting, and compliance - are numbered. If you work in finance and you're still spending most of your time crunching numbers and preparing reports, you might want to sit down for this: you've got about five years to completely reinvent yourself.
Blog Topics: Financial consolidation, planning and reporting, Technology trends
Vietnam's Journey to IFRS: What Financial Leaders Need to Know
Posted by Rick Yvanovich on Fri, Oct 25, 2024
Vietnam's financial landscape is undergoing a significant transformation with the adoption of International Financial Reporting Standards (IFRS). This shift has had a profound impact on the way businesses report their financial information, bringing Vietnam's accounting practices in line with global standards.
Blog Topics: Financial consolidation, planning and reporting, Technology trends
Budgeting Takes Too Long? Vital Signs You Need A Dedicated Solution
Posted by Rick Yvanovich on Tue, Oct 22, 2024
Many view budgeting as a daunting task. However, if implemented effectively, the process can serve as a robust instrument in converting expectations into a well-defined pathway for success.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
Examples of a Successful Operational CFO and How to Become One
Posted by Rick Yvanovich on Tue, Oct 8, 2024
In our previous post, we explored the emerging role of the operational CFO and how it's reshaping the landscape of corporate leadership. In today’s article, we will explore specific examples of how an operational CFO can get involved in non-financial aspects of a business, and what it takes to become an operational CFO.
Blog Topics: CFOs, Financial consolidation, planning and reporting
7 Accounting Best Practices for Insurance Businesses
Posted by Rick Yvanovich on Mon, Sep 30, 2024
The unique nature of insurance contracts, with their long-term liabilities and inherent risks, presents specific challenges for accountants. This blog post will explore key best practices that can help insurance professionals navigate these challenges and ensure accurate, reliable, and compliant financial reporting.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
Best Practices for Financial Forecasting in the Insurance Industry
Posted by Rick Yvanovich on Sat, Sep 28, 2024
Financial forecasting for insurance businesses presents unique challenges - from regulatory changes and market volatility to evolving risk landscapes and shifting consumer behaviours. By following the best practices outlined in this article, finance executives in the sector can greatly improve theirpredictive capabilities and drive informed decision-making.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software