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.
Recent TRG blog posts
Budgeting Takes Too Long? Vital Signs You Need A Dedicated Solution
Posted by Rick Yvanovich on Tue, Oct 22, 2024
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
10 Common Mistakes in Financial Forecasting & How to Avoid Them
Posted by Rick Yvanovich on Fri, Sep 27, 2024
Financial forecasting can make or break an organisation's strategic decisions. However, even the most seasoned finance professionals can fall prey to common forecasting errors. This blog post aims to shed light on these pitfalls and ways to avoid them, helping you to refine your forecasting processes and improve the accuracy of your financial projections.
Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
Answers to Common Executive Questions About Financial Forecasting Tools
Posted by Rick Yvanovich on Wed, Sep 25, 2024
As financial forecasting evolves from a routine budgeting task into a strategic imperative, finance executives require increasingly sophisticated tools to stay ahead. But with so many myths and misconceptions out there, it can be hard to know where to start.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Technology trends
Nucleus Reports Infor EPM Improves Financial Productivity by 20 Per Cent
Posted by Rick Yvanovich on Sun, Sep 15, 2024
Nucleus recently interviewed Infor EPM users to gain insights into their experience with the solution. These results are highly positive. Benefits gained included improved operational efficiency, cost savings, and better financial planning and reporting.
Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
Top Tips to Streamline Your Invoicing Process for Better Productivity
Posted by Rick Yvanovich on Fri, Sep 13, 2024
Many companies struggle with time-consuming and error-prone invoicing, leading to payment delays and frustrated clients. These traditional systems often involve manual data entry, physical paperwork, and repeated back-and-forth communications, all of which can introduce errors and inefficiencies.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
10 Reasons Why SunSystems Should Be Your Financial Consolidation Tool
Posted by Rick Yvanovich on Thu, Sep 12, 2024
Manual financial consolidation is time-consuming and labour intensive. Fortunately, Infor SunSystems offers a robust and scalable solution for financial consolidation, designed to meet the needs of organisations with multiple entities across different countries.
Blog Topics: Financial consolidation, planning and reporting, Infor SunSystems
Operational CFO vs COO: Bridging Finance and Operations
Posted by Rick Yvanovich on Wed, Sep 4, 2024
Gone are the days when Chief Financial Officers (CFO) were confined to the realms of balance sheets and financial reports. Today's operational CFOs are rolling up their sleeves and diving deep into the nuts and bolts of business operations.
Blog Topics: CFOs, Financial consolidation, planning and reporting