In the increasingly volatile and regulation-filled business world, the ability to adapt is of utmost importance. But handling change and complexity is a challenge for companies, especially when they try to step out of the domestic environment and into the global zone.
Blog Topics: Financial Accounting Management Software, Infor SunSystems
There are several functions in the finance team of hotels, each serving a different purpose in hotel financial management. Whilst some of these may overlap, they include: financial accounting, cost accounting, tax accounting, auditing and managerial accounting. With the advent of technology, hotel accounting software has gained a significant role in helping these finance function of hotels.
Blog Topics: Financial Accounting Management Software, Infor SunSystems
After studying the IFRS compliance reasons and IFRS implementation strategy, companies should note that the success of conversion is determined by 3 factors: internal training of personnel, systems upgrades and costs (PwC, 2009).
Blog Topics: IFRS, Financial Accounting Management Software, Infor SunSystems
In today’s modern business environment, accounting is not solely about getting the numbers right anymore. It is how the data generated from accounting can contribute to decision-making, and thus drive growth. The same applies to accounting for hotels.
Blog Topics: Financial Accounting Management Software, Infor SunSystems
The IFRS implementation strategy includes 4 stages: knowledge gathering, assessment and planning, initial transition and integrate change.
Blog Topics: IFRS, Financial Accounting Management Software, Infor SunSystems
IFRS (International Financial Reporting Standards) is the result of decades of pursuing a universally accepted set of accounting and financial reporting standards. This pursuit began back in the 1970s and slowly gained momentum over the years, especially over the last decade.
Blog Topics: IFRS, Financial Accounting Management Software, Infor SunSystems
The Infor10 Financials Business (SunSystems) mobile application (app) empowers you to perform your work on your mobile device anywhere, at any time, with no restrictions to the SunSystems business functionality and reports that you normally access.
Blog Topics: Financial Accounting Management Software, Infor SunSystems
The Infor10 Financials Business (SunSystems) mobile application (app) empowers you to perform your work on your mobile device anywhere, at any time, with no restrictions to the SunSystems business functionality and reports that you normally access.
Blog Topics: Financial Accounting Management Software, Infor SunSystems
Most of the world’s 500 largest firms have extensive international operations; indeed, these firms average 35% of their sales in other countries. Finance officers and senior executives involved in strategic management usually assume that such firms are operating globally.
Blog Topics: CFOs, Financial Accounting Management Software, Infor SunSystems
A chart of accounts (COA), representing a unique set of codes to record all an entity’s transactions consistently, is a well-recognised, fundamental accounting need. Whether it concerns a complex organisation with numerous divisions, or an individual applying basic cash accounting, it is essential to be able to collate financial information that is relevant, both for internal management and external parties.
Blog Topics: Financial Accounting Management Software, Infor SunSystems
Rick Yvanovich
/Founder & CEO/
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