--- title: TRG Blog | Planning and Budgeting (2) description: Planning and Budgeting | TRG Blog - be updated with the latest trends, advice and ideas in accounting, hospitality, financial management and technology enterprises. (2) --- [![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/planning-and-budgeting/page/2#) [Get SunSystems Help →](https://www.trginternational.com/it/what-we-do/infor-sunsystems/get-sunsystems-help/) # Recent TRG blog posts ## [What to look for in a planning and budgeting solution](https://blog.trginternational.com/bid/131159/What-to-look-for-in-a-planning-and-budgeting-solution) Posted by [Oanh Nguyen](https://blog.trginternational.com/author/oanh-nguyen) on Sun, Jun 21, 2015 - [Tweet](https://twitter.com/share) [![What to look for in a planning and budgeting solution](https://blog.trginternational.com/hs-fs/file-16863911-jpg/images/budgeting-software.jpg) ](https://blog.trginternational.com/bid/131159/What-to-look-for-in-a-planning-and-budgeting-solution) **Planning and budgeting** provides valuable insights for managing risk, boosting corporate performance and shareholder value and making strategic decisions. Using a business model as the basis of the planning process enables the development of: charts of accounts; time divided by years/quarters/months; version control to store actuals/budgets/forecasts and other important data segments, which can be used to create the plans. Organisations should look for planning solutions capable of delivering **flexible** business models that are mapped to their unique business requirements. [Read More…](https://blog.trginternational.com/bid/131159/What-to-look-for-in-a-planning-and-budgeting-solution) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/bid/131159/What-to-look-for-in-a-planning-and-budgeting-solution#comments-listing) Blog Topics: [Planning and Budgeting](https://blog.trginternational.com/topic/planning-and-budgeting) ## [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) ## [Getting rid of Excel in financial planning and budgeting: modern trend for CFOs](https://blog.trginternational.com/getting-rid-of-excel-in-financial-planning-and-budgeting-modern-trend-for-cfos) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Mon, Jan 12, 2015 - [Tweet](https://twitter.com/share) [![Getting rid of Excel in financial planning and budgeting: modern trend for CFOs](https://blog.trginternational.com/hs-fs/file-1247779712-jpg/An_Le/Getting_rid_of_Excel_in_financial_planning_and_budgeting-new_trend_for_CFOs_2.jpg) ](https://blog.trginternational.com/getting-rid-of-excel-in-financial-planning-and-budgeting-modern-trend-for-cfos) **** Recent research by [Anaplan](https://www.anaplan.com/), an expert on modelling and planning finance, sales and operations platforms, states that currently, Asia Pacific’s CFOs are still experiencing [difficulties with spreadsheet usages](https://blog.trginternational.com/7-worst-financial-fiascos-caused-by-excel-errors) in financial planning and budgeting. In addition, there was a relatively **low satisfaction level** with the accuracy, timeliness and ease of Excel use for planning and budgeting. **Read more: **[A complete guide to financial consolidation](https://blog.trginternational.com/guide-to-financial-consolidation) [Read More…](https://blog.trginternational.com/getting-rid-of-excel-in-financial-planning-and-budgeting-modern-trend-for-cfos) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/getting-rid-of-excel-in-financial-planning-and-budgeting-modern-trend-for-cfos#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) ## [Planning and budgeting for success](https://blog.trginternational.com/trg-in-the-board-room/bid/190438/planning-and-budgeting-for-success) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Tue, Nov 19, 2013 - [Tweet](https://twitter.com/share) [![Planning and budgeting for success](https://blog.trginternational.com/hs-fs/file-385080095-jpg/images/90419958_d4e4a60c2d.jpg) ](https://blog.trginternational.com/trg-in-the-board-room/bid/190438/planning-and-budgeting-for-success) [Read More…](https://blog.trginternational.com/trg-in-the-board-room/bid/190438/planning-and-budgeting-for-success) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/trg-in-the-board-room/bid/190438/planning-and-budgeting-for-success#comments-listing) Blog Topics: [Planning and Budgeting](https://blog.trginternational.com/topic/planning-and-budgeting), [CFOs](https://blog.trginternational.com/topic/cfos), [Financial Accounting Management Software](https://blog.trginternational.com/topic/financial-accounting-management-software) ## [Agile EPM: how leading corporations can make it](https://blog.trginternational.com/trg-in-the-board-room/bid/186840/agile-epm-how-leading-corporations-can-make-it) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Wed, Sep 11, 2013 - [Tweet](https://twitter.com/share) [![Agile EPM: how leading corporations can make it](https://blog.trginternational.com/hs-fs/file-301112422-jpg/images/batismo-nas-aguas.jpg) ](https://blog.trginternational.com/trg-in-the-board-room/bid/186840/agile-epm-how-leading-corporations-can-make-it) [Read More…](https://blog.trginternational.com/trg-in-the-board-room/bid/186840/agile-epm-how-leading-corporations-can-make-it) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/trg-in-the-board-room/bid/186840/agile-epm-how-leading-corporations-can-make-it#comments-listing) Blog Topics: [Planning and Budgeting](https://blog.trginternational.com/topic/planning-and-budgeting), [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) ## [Success factors of strategy and execution alignment](https://blog.trginternational.com/trg-in-the-board-room/bid/177850/success-factors-of-strategy-and-execution-alignment) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Fri, May 3, 2013 - [Tweet](https://twitter.com/share) [![Success factors of strategy and execution alignment](https://blog.trginternational.com/hs-fs/file-30877893-jpg/images/penguin_footer-resized-600.jpg) ](https://blog.trginternational.com/trg-in-the-board-room/bid/177850/success-factors-of-strategy-and-execution-alignment) In the last post, we outlined the alarming issue of a strategy gap in businesses nowadays and how it can be undesirably widened by failures in [strategic planning and budgeting](https://blog.trginternational.com/trg-in-the-board-room/bid/177849/Strategy-and-execution-The-gap-not-yet-closed).  To gain a competitive advantage and increase business resilience, companies need to bridge this gap between strategy and execution, the task that requires serious dedication from everyone in an organisation. There are four factors of an effective strategy and execution alignment, from conveying what corporate goals really mean to identifying how they should be achieved. [Read More…](https://blog.trginternational.com/trg-in-the-board-room/bid/177850/success-factors-of-strategy-and-execution-alignment) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/trg-in-the-board-room/bid/177850/success-factors-of-strategy-and-execution-alignment#comments-listing) Blog Topics: [Planning and Budgeting](https://blog.trginternational.com/topic/planning-and-budgeting), [Enterprise Performance Management (EPM)](https://blog.trginternational.com/topic/enterprise-performance-management-epm) ## [Strategy and execution: The gap not yet closed](https://blog.trginternational.com/trg-in-the-board-room/bid/177849/strategy-and-execution-the-gap-not-yet-closed) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Fri, Apr 26, 2013 - [Tweet](https://twitter.com/share) [![Strategy and execution: The gap not yet closed](https://blog.trginternational.com/hs-fs/file-30877489-jpg/images/2209204939-mind-the-gap-resized-600.jpg) ](https://blog.trginternational.com/trg-in-the-board-room/bid/177849/strategy-and-execution-the-gap-not-yet-closed) It is hard enough to come up with an effective corporate strategy. It is even harder to execute that strategy effectively to achieve desirable outcomes. A 2009 study on employees found that 70% of them were confused about what they needed to do to support their company’s strategy. The same study, published in *Fake Work* by Brent D. Peterson & Gaylan Nielson, Simon Schuste, “half of all the work people did had nothing to do with their company’s strategy”. For the last dose of alarm, 73% of surveyed workers did not think their company’s goals are translated into specific executable work. [Read More…](https://blog.trginternational.com/trg-in-the-board-room/bid/177849/strategy-and-execution-the-gap-not-yet-closed) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/trg-in-the-board-room/bid/177849/strategy-and-execution-the-gap-not-yet-closed#comments-listing) Blog Topics: [Planning and Budgeting](https://blog.trginternational.com/topic/planning-and-budgeting), [Enterprise Performance Management (EPM)](https://blog.trginternational.com/topic/enterprise-performance-management-epm) ## [CFOs and finance professionals: Time to change the way you work](https://blog.trginternational.com/trg-in-the-board-room/bid/172553/cfos-and-finance-professionals-time-to-change-the-way-you-work) Posted by [Cuong Nguyen](https://blog.trginternational.com/author/cuong-nguyen) on Tue, Feb 19, 2013 - [Tweet](https://twitter.com/share) [![CFOs and finance professionals: Time to change the way you work](https://blog.trginternational.com/hs-fs/file-20938694-jpg/images/bee-with-my-myer-lemon-tree_w725_h544-resized-600.jpg) ](https://blog.trginternational.com/trg-in-the-board-room/bid/172553/cfos-and-finance-professionals-time-to-change-the-way-you-work) ## *“It’s an increasingly complex world” (Accenture, 2012)* Today, economic turmoil and volatility are dominant and the roles of CFOs and senior finance managers are changing. Thus, it’s critical that CFOs are able to: [Read More…](https://blog.trginternational.com/trg-in-the-board-room/bid/172553/cfos-and-finance-professionals-time-to-change-the-way-you-work) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/trg-in-the-board-room/bid/172553/cfos-and-finance-professionals-time-to-change-the-way-you-work#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) ## [How technology can help you with IFRS adoption](https://blog.trginternational.com/bid/167468/how-technology-can-help-you-with-ifrs-adoption) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Tue, Feb 12, 2013 - [Tweet](https://twitter.com/share) [![How technology can help you with IFRS adoption](https://blog.trginternational.com/hs-fs/file-16915462-jpg/images/ifrs_world.jpg) ](https://blog.trginternational.com/bid/167468/how-technology-can-help-you-with-ifrs-adoption) In our view, companies are best served when they take an integrated approach to build an [IFRS framework](https://blog.trginternational.com/trg-in-the-board-room/bid/167467/The-process-for-building-IFRS-framework). Toward that end, they need a fully integrated solution ideal for supporting the IFRS adoption. A key element is the ability of enterprise applications to work in conjunction with financial management ones to meet a wide range of accounting requirements and processes mandated by the International Financial Reporting Standards.  [Read More…](https://blog.trginternational.com/bid/167468/how-technology-can-help-you-with-ifrs-adoption) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/bid/167468/how-technology-can-help-you-with-ifrs-adoption#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) ## [The process for building IFRS framework](https://blog.trginternational.com/trg-in-the-board-room/bid/167467/the-process-for-building-ifrs-framework) Posted by [Rick Yvanovich](https://blog.trginternational.com/author/rick-yvanovich) on Tue, Jan 29, 2013 - [Tweet](https://twitter.com/share) [![The process for building IFRS framework](https://blog.trginternational.com/hs-fs/file-16915103-jpg/images/ifrs1_10743633.jpg) ](https://blog.trginternational.com/trg-in-the-board-room/bid/167467/the-process-for-building-ifrs-framework) [Adopting IFRS](https://blog.trginternational.com/introduction-to-financial-reporting-standards-ifrs#whatisifrs) alongside VAS requires technical, strategic, and operational changes. There also will be an unavoidable impact on information technology (IT) systems, as companies change the way they manage and report on numerous business activities. Hence, companies should employ a methodical approach when building the IFRS framework. [Read More…](https://blog.trginternational.com/trg-in-the-board-room/bid/167467/the-process-for-building-ifrs-framework) 0 Comments [Click here to read/write comments](https://blog.trginternational.com/trg-in-the-board-room/bid/167467/the-process-for-building-ifrs-framework#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) [Previous](https://blog.trginternational.com/topic/planning-and-budgeting/page/1) [All TRG blog posts](https://blog.trginternational.com/all) [Next](https://blog.trginternational.com/topic/planning-and-budgeting/page/3) ### 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/planning-and-budgeting/page/2#) 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. We've thrived since 1994 resulting in lots of experience to share, we are beyond a companion, to more than 1,000 clients in 80+ countries. ## Follow us on Social Media [**](https://www.facebook.com/TRGInternational/) [**](https://twitter.com/TRG_INTL) [**](https://www.linkedin.com/company/53525/) [**](https://www.youtube.com/channel/UCqfX8dPtUjSa9s5rYUa--qw) [**](https://blog.trginternational.com/) ## Enterprise Solutions - [Financial Management](https://www.trginternational.com/solutions/infor-sunsystems/) - [Hospitality](https://www.trginternational.com/solutions/hospitality-solutions/) - [Resource Planning (ERP)](https://www.trginternational.com/solutions/erp/) - [BI & Analytics](https://www.trginternational.com/solutions/bi-and-analytics/) - [ Retail Management](https://www.trginternational.com/solutions/retail-management-solutions/) - [ Performance Management](https://www.trginternational.com/solutions/enterprise-performance-management) ## Talent Solutions - [Recruitment](https://www.trginternational.com/talent/solutions/recruitment-solutions/) - [Leadership](https://www.trginternational.com/talent/solutions/leadership-development-solution/) - [Training & Development](https://www.trginternational.com/talent/solutions/employee-development/) - [Sales & Customer Services](https://www.trginternational.com/talent/solutions/sales-customer-services/) - [ Retention & Engagement](https://www.trginternational.com/talent/solutions/solutions-for-employee-retention-engagement/) - [ Customised Solution](https://www.trginternational.com/talent/talent-management-solutions/gr8-customized/) ## Careers - [Join our team](https://careers.trginternational.com/) - [Urgent Vacancies](https://careers.trginternational.com/jobs) - [Internships](https://careers.trginternational.com/departments/interns) - [Career Days](https://careers.trginternational.com/pages/internships-in-vietnam-2021) - [Be our partner](https://careers.trginternational.com/pages/internship-partners/) - [Contact](https://www.trginternational.com/contacts-and-locations/contact-hr-department/) ** Contact Us Call our phone or submit a contact form. ** Support Portal Raise support tickets and track their status. ![Partner logo](https://d1cavipgdpnjin.cloudfront.net/wp-content/uploads/2018/11/partners-1.png?x13585) © 2023 TRG International. [Privacy Policy](https://www.trginternational.com/privacy-policy/)   /   [Тerms & Conditions](https://www.trginternational.com/terms-conditions/)   /   [Site map](https://www.trginternational.com/#)   /   [Contact Us](https://www.trginternational.com/contacts-and-locations/) TRG encourages websites and blogs to link to its web pages. Articles may be republished without alteration with the attribution statement "This article was first published by TRG International (www.trginternational.com)" and a clickable link back to the website. We are changing support for TLS 1.0 and older browsers. Please check our list of supported browsers. ![Google Analytics](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/1060004103/?guid=ON&script=0) ![](https://www.facebook.com/tr?id=1957929774486472&ev=PageView&noscript=1) ![LinkedIn](https://dc.ads.linkedin.com/collect/?pid=231595&fmt=gif) ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "TRG International" }, "dateModified" : "August 29, 2023, 14:14:48", "datePublished" : "2022-10-11 07:04:07", "description" : "Planning and Budgeting | TRG Blog - be updated with the latest trends, advice and ideas in accounting, hospitality, financial management and technology enterprises. (2)", "headline" : "TRG Blog listing page", "image" : { "@type" : "ImageObject", "url" : "" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://cdn2.hubspot.net/hubfs/125873/DVFX_Images/trg-logo.png" }, "name" : "TRG International" } } ```