--- title: TRG Blog | Financial consolidation, planning and reporting (7) description: Financial consolidation, planning and reporting | TRG Blog - be updated with the latest trends, advice and ideas in accounting, hospitality, financial management and technology enterprises. (7) --- [![trg logo](https://d1cavipgdpnjin.cloudfront.net/wp-content/uploads/2022/05/cropped-icon-1.png)](https://www.trginternational.com/) Helping you and your business shine  [![English flag](https://blog.trginternational.com/hubfs/images/en-flag.jpg "en-flag") English   ](https://blog.trginternational.com/) [![Vietnamese flag](https://blog.trginternational.com/hubfs/images/vi1.jpg "vi1") Vietnamese ](https://blog.trginternational.com/vi) - [Home](https://blog.trginternational.com/) - [Solutions](https://www.trginternational.com/solutions/) - [Industries](https://www.trginternational.com/industries/) - [Resources](https://www.trginternational.com/resources/) - [Events](https://www.trginternational.com/events/list/) - [About us](https://www.trginternational.com/about-us/overview/) - [Careers](https://careers.trginternational.com/) - [![English Flag](https://blog.trginternational.com/hubfs/images/en-flag.jpg "en-flag")](https://blog.trginternational.com/) - [![Vietnamese Flag](https://blog.trginternational.com/hubfs/images/vi1.jpg "vi1")](https://blog.trginternational.com/vi) [☰](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting/page/7#) [Get SunSystems Help →](https://www.trginternational.com/it/what-we-do/infor-sunsystems/get-sunsystems-help/) # Recent TRG blog posts ## [What Does the Future Hold for Financial Forecasting?](https://blog.trginternational.com/what-does-the-future-hold-for-financial-forecasting) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Thu, Sep 19, 2019 - [Tweet](https://twitter.com/share) [![What Does the Future Hold for Financial Forecasting?](https://blog.trginternational.com/hubfs/images/forecast-predict-crystal-ball.jpg) ](https://blog.trginternational.com/what-does-the-future-hold-for-financial-forecasting) As [**planning, budgeting and forecasting**](https://blog.trginternational.com/topic/planning-and-budgeting) become indispensable strategic contributors, finance executives begin to realise the need to transform their rigid yearly financial planning by adopting more advanced (both on-premise and cloud-based) analytical tools. 71 per cent of organisations surveyed by [FSN in 2017](https://fsn.co.uk/app/uploads/2019/01/FSN-Future-of-Planning-Budgeting-and-Forecasting-Survey-2017.pdf) has been able to reforecast more than twice a year, up from 56 per cent in the previous year, although the forecasting accuracy is still fairly low.  [Read More…](https://blog.trginternational.com/what-does-the-future-hold-for-financial-forecasting) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/what-does-the-future-hold-for-financial-forecasting#comments-listing) Blog Topics: [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software), [Cloud Computing](https://blog.trginternational.com/topic/cloud-computing), [Analytics](https://blog.trginternational.com/topic/analytics) ## [Must-Have Features of Accounting Software for Hospitality](https://blog.trginternational.com/must-have-features-of-accounting-software-for-hospitality) Posted by [Andrew Turton](https://blog.trginternational.com/author/andrew-turton) on Fri, Sep 13, 2019 - [Tweet](https://twitter.com/share) [![Must-Have Features of Accounting Software for Hospitality](https://blog.trginternational.com/hs-fs/hub/125873/file-543321000.jpg) ](https://blog.trginternational.com/must-have-features-of-accounting-software-for-hospitality) [Hospitality](https://blog.trginternational.com/topic/hospitality-solutions) faces unique challenges and has specific requirements, making conventional accounting systems unfit for this industry.   [Read More…](https://blog.trginternational.com/must-have-features-of-accounting-software-for-hospitality) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/must-have-features-of-accounting-software-for-hospitality#comments-listing) Blog Topics: [Hospitality solutions](https://blog.trginternational.com/topic/hospitality-solutions), [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software) ## [Fixed Forecasting vs. Rolling Forecasting: Which One Is Right for You?](https://blog.trginternational.com/fixed-forecasting-rolling-forecasting-what-are-they-and-which-one-is-better) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Fri, Jul 19, 2019 - [Tweet](https://twitter.com/share) [![Fixed Forecasting vs. Rolling Forecasting: Which One Is Right for You?](https://blog.trginternational.com/hubfs/Woman-accounting_1200.png) ](https://blog.trginternational.com/fixed-forecasting-rolling-forecasting-what-are-they-and-which-one-is-better) In a global survey conducted by KPMG**1** in 2016, over **two-thirds** of respondents, who are all senior executives, said they have some forms of rolling forecast in place. In order to thrive [in this VUCA world](https://blog.trginternational.com/enhance-the-employee-engagement-in-the-vuca-environment), accurate forecasting seems more imperative than ever. Rolling forecasting, as a means to achieve that, is now a universal practice thanks to its proven capabilities.  [Read More…](https://blog.trginternational.com/fixed-forecasting-rolling-forecasting-what-are-they-and-which-one-is-better) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/fixed-forecasting-rolling-forecasting-what-are-they-and-which-one-is-better#comments-listing) Blog Topics: [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Enterprise Performance Management (EPM)](https://blog.trginternational.com/topic/enterprise-performance-management-epm), [Enterprise Resource Planning ERP](https://blog.trginternational.com/topic/enterprise-resource-planning-erp) ## [Revenue Management at the Touch of a Button: the Success Story of Vienna House](https://blog.trginternational.com/vienna-house-revenue-management-at-the-touch-of-a-button) Posted by [Andrew Turton](https://blog.trginternational.com/author/andrew-turton) on Sat, Nov 17, 2018 - [Tweet](https://twitter.com/share) [![Revenue Management at the Touch of a Button: the Success Story of Vienna House](https://blog.trginternational.com/hubfs/vienna%20house.png) ](https://blog.trginternational.com/vienna-house-revenue-management-at-the-touch-of-a-button) Vienna House is an Austria-based hotel chain that currently has 34 hotels under its brand. The brand is famous for their classic Viennese charm with a touch of modern comfort. During the past five years, Vienna House has grown and acquired a few more hotels. The steady growth brings in the inevitable IT challenge: the need for a [revenue management system](https://blog.trginternational.com/hospitality-resource-portal) to help unify and manage all of the hotels in the group.   [Read More…](https://blog.trginternational.com/vienna-house-revenue-management-at-the-touch-of-a-button) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/vienna-house-revenue-management-at-the-touch-of-a-button#comments-listing) Blog Topics: [Hospitality solutions](https://blog.trginternational.com/topic/hospitality-solutions), [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Business Intelligence](https://blog.trginternational.com/topic/business-intelligence) ## [How to Turn Budgeting into a Value-Adding Process](https://blog.trginternational.com/turning-budgeting-into-value-adding-process) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Wed, Sep 5, 2018 - [Tweet](https://twitter.com/share) [![How to Turn Budgeting into a Value-Adding Process](https://blog.trginternational.com/hubfs/images/budget-wordings.jpg) ](https://blog.trginternational.com/turning-budgeting-into-value-adding-process) In today’s complex and rapidly changing business climate, there is an increased demand for top management to better observe, measure, and manage their business. Planning and budgeting plays an important role in [enterprise performance management](https://blog.trginternational.com/a-simple-guide-to-enterprise-performance-management-epm). However, in many organisations, [planning and budgeting](https://blog.trginternational.com/bid/131165/Planning-and-budgeting-systems-that-work) is not seen as adding value since: [Read More…](https://blog.trginternational.com/turning-budgeting-into-value-adding-process) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/turning-budgeting-into-value-adding-process#comments-listing) Blog Topics: [Planning and Budgeting](https://blog.trginternational.com/topic/planning-and-budgeting), [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Enterprise Performance Management (EPM)](https://blog.trginternational.com/topic/enterprise-performance-management-epm), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software) ## [Management Accounting vs. Financial Accounting](https://blog.trginternational.com/management-accounting-in-comparison-with-financial-accounting) Posted by [Thai Pham](https://blog.trginternational.com/author/thai-pham) on Sat, Sep 1, 2018 - [Tweet](https://twitter.com/share) [![Management Accounting vs. Financial Accounting](https://blog.trginternational.com/hubfs/research-accounting-main.jpg) ](https://blog.trginternational.com/management-accounting-in-comparison-with-financial-accounting) Since the early days, [Management Accounting](https://blog.trginternational.com/what-is-management-accounting) has played a critical role in helping executives to make impactful decisions. However, many people have easily mistaken Management Accounting for "Financial Accounting". When you clearly understand these two concepts, you will see that they have obvious fundamental differences. **Read more: **[An accounting software playbook](https://blog.trginternational.com/an-introduction-to-accounting-software) [Read More…](https://blog.trginternational.com/management-accounting-in-comparison-with-financial-accounting) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/management-accounting-in-comparison-with-financial-accounting#comments-listing) Blog Topics: [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software) ## [Revamping Financial Analysis to Gain Business Insight](https://blog.trginternational.com/the-analysis-of-data-to-gain-business-insight) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Sun, Aug 19, 2018 - [Tweet](https://twitter.com/share) [![Revamping Financial Analysis to Gain Business Insight](https://blog.trginternational.com/hs-fs/hub/125873/file-16856037.jpg) ](https://blog.trginternational.com/the-analysis-of-data-to-gain-business-insight) **Financial analysis** dates back centuries, at least to the codification of [double-entry bookkeeping](https://blog.trginternational.com/what-does-unified-ledger-accounting-mean-to-accountants) in the 15th century. The analysis of balance sheets and income statements has long served as the basis of credit and lending decisions. The discipline of** management accounting** developed in the early 20th century as a way of using accounting data to keep corporate executives and managers informed about what happened or is happening and why. [Read More…](https://blog.trginternational.com/the-analysis-of-data-to-gain-business-insight) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/the-analysis-of-data-to-gain-business-insight#comments-listing) Blog Topics: [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software) ## [Revamping Corporate Financial Planning: 8 Points to Remember](https://blog.trginternational.com/time-to-revamp-corporate-financial-planning-8-points-to-remember) Posted by [Thai Pham](https://blog.trginternational.com/author/thai-pham) on Sun, Aug 12, 2018 - [Tweet](https://twitter.com/share) [![Revamping Corporate Financial Planning: 8 Points to Remember](https://blog.trginternational.com/hs-fs/file-21257585-jpg/images/tigerrun-resized-600.jpg) ](https://blog.trginternational.com/time-to-revamp-corporate-financial-planning-8-points-to-remember) As the world is heading towards [an uncertain future](https://blog.trginternational.com/making-better-strategic-decisions-the-5-key-areas-for-improvement), businesses can expect some unexpected events along the way. Therefore, agility needs to be embedded in every business process, including **corporate financial planning.** [Read More…](https://blog.trginternational.com/time-to-revamp-corporate-financial-planning-8-points-to-remember) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/time-to-revamp-corporate-financial-planning-8-points-to-remember#comments-listing) Blog Topics: [CFOs](https://blog.trginternational.com/topic/cfos), [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Enterprise Performance Management (EPM)](https://blog.trginternational.com/topic/enterprise-performance-management-epm), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software) ## [Why You Should Strive for an Efficient Financial Close](https://blog.trginternational.com/why-you-should-strive-for-an-efficient-financial-close) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Wed, Aug 8, 2018 - [Tweet](https://twitter.com/share) [![Why You Should Strive for an Efficient Financial Close](https://blog.trginternational.com/hubfs/business-accounting-and-finance-concept.jpg) ](https://blog.trginternational.com/why-you-should-strive-for-an-efficient-financial-close) In today’s fast-moving world, companies have to juggle multiple priorities when managing their business, such as overseeing financials transactions, [measuring corporate performance](https://trginternational.com/solutions/dynamic-enterprise-performance-management/), attesting financial reports, timely closing and consolidating financial data. Thus, it is no surprise that [CFOs](https://blog.trginternational.com/topic/cfos) are always aiming to close books and comply with regulations faster and more efficiently. [Read More…](https://blog.trginternational.com/why-you-should-strive-for-an-efficient-financial-close) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/why-you-should-strive-for-an-efficient-financial-close#comments-listing) Blog Topics: [Planning and Budgeting](https://blog.trginternational.com/topic/planning-and-budgeting), [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software) ## [Planning and Budgeting Software: Solutions to Common Problems](https://blog.trginternational.com/planning-and-budgeting-solutions-to-common-problems-0) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Thu, Jan 22, 2015 - [Tweet](https://twitter.com/share) [![Planning and Budgeting Software: Solutions to Common Problems](https://blog.trginternational.com/hubfs/Web%20Link%20Template%20%281%29.png) ](https://blog.trginternational.com/planning-and-budgeting-solutions-to-common-problems-0) Jack Welch, former Chairman at GE once said: *“The budgeting process…sucks the energy, time, fun, and big dream out of an organization”*. Yes, everyone hates it! If there is an effective way to do it without trying too hard will you take its advantages to grow? What you need is just a good planning and budgeting process and the right technology! [Read More…](https://blog.trginternational.com/planning-and-budgeting-solutions-to-common-problems-0) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/planning-and-budgeting-solutions-to-common-problems-0#comments-listing) Blog Topics: [Planning and Budgeting](https://blog.trginternational.com/topic/planning-and-budgeting), [CFOs](https://blog.trginternational.com/topic/cfos), [Financial consolidation, planning and reporting](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software) [Previous](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting/page/6) [All TRG blog posts](https://blog.trginternational.com/all) [Next](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting/page/8) ### Subscribe to TRG Blog Search this blog Search ### Posts by Topic - [Analytics (69)](https://blog.trginternational.com/topic/analytics) - [Business Intelligence (75)](https://blog.trginternational.com/topic/business-intelligence) - [Careers (1)](https://blog.trginternational.com/topic/careers) - [CFOs (80)](https://blog.trginternational.com/topic/cfos) - [Cloud Computing (112)](https://blog.trginternational.com/topic/cloud-computing) - [CSR activities (1)](https://blog.trginternational.com/topic/csr-activities) - [cybersecurity (8)](https://blog.trginternational.com/topic/cybersecurity) - [Digital Transformation (80)](https://blog.trginternational.com/topic/digital-transformation) - [digital workplace (2)](https://blog.trginternational.com/topic/digital-workplace) - [Enterprise Performance Management (EPM) (115)](https://blog.trginternational.com/topic/enterprise-performance-management-epm) - [Enterprise Resource Planning ERP (147)](https://blog.trginternational.com/topic/enterprise-resource-planning-erp) - [ERP (1)](https://blog.trginternational.com/topic/erp) - [Financial Accounting Management Software (319)](https://blog.trginternational.com/topic/financial-accounting-management-software) - [Financial consolidation, planning and reporting (143)](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting) - [Hospitality solutions (128)](https://blog.trginternational.com/topic/hospitality-solutions) - [IFRS (23)](https://blog.trginternational.com/topic/ifrs) - [Inbound marketing (4)](https://blog.trginternational.com/topic/inbound-marketing) - [Infor SunSystems (97)](https://blog.trginternational.com/topic/infor-sunsystems) - [News (9)](https://blog.trginternational.com/topic/news) - [Planning and Budgeting (69)](https://blog.trginternational.com/topic/planning-and-budgeting) - [project management (1)](https://blog.trginternational.com/topic/project-management) - [Retail Management System (130)](https://blog.trginternational.com/topic/retail-management-system) - [Rick Yvanovich (1)](https://blog.trginternational.com/topic/rick-yvanovich) - [Talent Management (355)](https://blog.trginternational.com/topic/talent-management) - [Technology trends (136)](https://blog.trginternational.com/topic/technology-trends) - [TRG (8)](https://blog.trginternational.com/topic/trg) [see all](https://blog.trginternational.com/topic/financial-consolidation-planning-and-reporting/page/7#) Upcoming TRG Events ### Latest Posts ### Most Viewed Posts ### Our Editorial Mission ![Rick Yvanovich](https://blog.trginternational.com/hs-fs/hubfs/RY%20-%20profile%20picture-1.jpg?width=87&name=RY%20-%20profile%20picture-1.jpg)*** ***** Rick Yvanovich** * /Founder & CEO/* With TRG International Blog, it is our mission to be your preferred partner providing solutions that work and we will make sure to guide your business to greatness every day. ### Subscribe to TRG Blog ### Follow TRG Blog TRG International Blog (footer) ![TRG Logo](https://d1cavipgdpnjin.cloudfront.net/wp-content/uploads/2022/05/cropped-icon-1.png) International IT, Talent and F&B - we think it's a great combination. 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