Recent TRG blog posts

Unveiling the Strategic Benefits of IFRS

Posted by Rick Yvanovich on

International Financial Reporting Standards (IFRS) compliance is often seen as a mountainous and challenging workload for many businesses, especially those operating multi-nationally. However, beneath the surface of technical and accounting complexity lie many benefits waiting to be discovered. IFRS, in fact, is not as scary and daunting as it seems.

Shifting your mindset is key to embracing the IFRS journey. By understanding its advantages, you can navigate the transition with clarity and confidence. This blog will help shed light on the two main benefits of IFRS adoption as well as how suitable solutions can lessen the daunting task.

Read more: IFRS 17 Overview: What Is It For? Who Is Affected? Why Should You Care?

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Blog Topics: Financial Accounting Management Software, Infor SunSystems

What are the Functions of a Hotel's Finance Team?

Posted by Rick Yvanovich on

The finance team plays a crucial role in the success of any hotel business. From managing financial transactions to ensuring compliance with tax regulations, the finance team provides valuable insights and supports informed decision-making.

In today's digital age, hotel finance teams can leverage modern, hospitality-specific cloud accounting software to streamline operations, improve accuracy and efficiency, and empower the team to make more than just informed and timely decisions.

In this article, we will explore the important functions of a hotel's finance team as well as the benefits of adopting dedicated accounting software.

Read more: Financial Management in the Hospitality Industry: the Best Practices

Contents

Functions in the finance team of a hotel

1. Financial accounting: The backbone of hotel finance

2. Cost accounting: Enhancing transparency and resource utilisation

 3. Tax accounting: Simplifying Compliance

4. Auditing: Ensuring accuracy and minimising risks

5. Managerial accounting: Empowering informed decision-making

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Blog Topics: Hospitality solutions, Financial Accounting Management Software, Infor SunSystems

Financial Management in the Hospitality Industry: the Best Practices

Posted by Rick Yvanovich on

Financial management lays the very foundation of a successful business. Likewise, the most successful hotels rely on fundamental financial management principles to manage their property profitably.

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Blog Topics: Hospitality solutions, Financial Accounting Management Software, Infor SunSystems

Digital Transformation in Finance and The Changing Role of CFOs

Posted by Rick Yvanovich on

The role of CFOs today has evolved significantly, becoming more dynamic and responsive to changing demands from internal stakeholders and external customers. The modern CFO is now involved in strategy creation and business transformation initiatives, acting as a strategic advisor to the CEO and the rest of the C-suite.

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Blog Topics: CFOs, Financial Accounting Management Software, Technology trends, Cloud Computing, Infor SunSystems, Digital Transformation

How Infor Partners with AWS to Drive Innovations

Posted by Rick Yvanovich on

What motivates Infor to partner with Amazon Web Services (AWS)? How do both parties benefit from this collaboration, and what groundbreaking innovations are they able to achieve? Discover the efforts invested in strengthening the enduring relationship between these two influential technology giants in this article.

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Blog Topics: Cloud Computing, Infor SunSystems, Digital Transformation, Amazon Web Services

Here's What You're Missing Out On If Still Using Infor SunSystems 5

Posted by Rick Yvanovich on

In the dynamic world of finance and accounting, staying ahead of the curve is not just a competitive advantage but a necessity. As businesses strive for efficiency, visibility, and flexibility in their financial operations, upgrading to the latest technology becomes a strategic move.  

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Blog Topics: Financial Accounting Management Software, Cloud Computing, Infor SunSystems, Digital Transformation

Here's What You're Missing Out On If Still Using Infor SunSystems 4

Posted by Rick Yvanovich on

In the dynamic world of finance and accounting, staying ahead of the curve is not just a competitive advantage but a necessity. As businesses strive for efficiency, visibility, and flexibility in their financial operations, upgrading to the latest technology becomes a strategic move.  

Read More…

Blog Topics: Financial Accounting Management Software, Cloud Computing, Infor SunSystems, Digital Transformation

Streamline Training for End-Users of Infor Solutions with TRG Academy

Posted by Rick Yvanovich on

In today's business landscape, companies must harness technology to stay ahead. TRG International, an Infor Gold Channel Partner, offers tailored on-demand training solutions to help businesses optimise operations and maximise their return on software investment.

We understand that navigating the slew of Infor products can be daunting, and training resources for end-users can be costly and limited. That is why we offer TRG Academy, the latest addition to TRG's solution family, aimed at relieving you of the responsibility of end-user training.

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Blog Topics: Talent Management, Infor SunSystems, Digital Transformation

Exploring Financial Management Solutions: An Overview of 6 Leading Software

Posted by Rick Yvanovich on

Effective financial management plays a critical role in the success and long-term viability of organisations, regardless of their size or industry. The availability of advanced financial management software solutions has revolutionised the way businesses handle their financial operations, offering enhanced automation, real-time insights, and improved decision-making capabilities.

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Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software, Infor SunSystems

10 Key Questions for CEOs to Ensure Financial Management Implementation Success

Posted by Rick Yvanovich on

A reliable financial management system will empower your business with accurate and timely information in one place. It will help you make informed decisions, develop effective financial plans, and stay compliant with regulations.

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Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Infor SunSystems

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Rick Yvanovich

 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.

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