In the 1980s, business intelligence (BI) applications were first introduced to address employees’ problem with the mountain of data. BI is increasingly effective in helping these workers transform large amounts of data into helpful and insightful information. Check out these 10 questions before deciding whether to implement an Agile BI system into your business:
In the last post, we discussed the first four out of eight ways to improve a company’s business intelligence (BI): develop an insightful workforce, be able to deliver critical information, make unstructured data more useful and focus on the future. Now let’s uncover the last four approaches to increasing the efficiency of BI in your organisation.
Business intelligence (BI) offers very helpful tools designed to enable companies to collect useful information; however, as with any intelligence tool, these should be used wisely in order to achieve optimal performance. Unfortunately, many organisations don’t consider BI an essential part of their operation, but rather see it as a supporting tool, which may influence the way they approach it and, hence, negatively affects business performance.
How about you? Have you been using it intelligently? Check out the tips in our series “8 ways to improve your BI” below.
Out-of-date and inflexible financial accounting systems may cost you more than you can imagine. It can bog you down with complex and slow information analysical capabilities. It also provides limited options so that you cannot get exactly what you want out of it. In this new age of technology, modern CFOs need a financial accounting system that empowers them to take control and be able to solve current problems and future challenging changes. Before deciding which software suits your business most, it is essential to consider 5 key criteria as follows:
Financial management software is becoming an increasingly important part of every organisation. It helps companies to manage and understand their business deeper from accounting to project management and strategic planning. When the financial management system malfunctions, the consequences will negatively affect the profitability and the success of the organisation.
Point of Sale (POS) is going through rapid change driven by emerging technology trends and innovations. In the last post, we discussed the explosion of hardware and software innovation and its impacts on this evolution. In this post, we will introduce one more critical part and its impact in POS innovation.
Executing an ERP implementation project is among the most expensive, time-consuming and complicated tasks an organization can take on. Delays or unexpected expenses are a risk at all times. To avoid these costly mistakes, having a good plan right from the start is necessary. This series will provide you with step-by-step guidelines for preparing an ERP implementation.
In our latest blogs, we have discussed the essential role and financial benefits of accounts payable management to the retailing industry. Accounts payable automation, workflow, and e-invoicing have for long been a solution for common AP problems due to human errors. Despite the fact that AP automation can improve accounts payable and financial management significantly, many companies are still applying manual entry.
Along with the emerging trends in technology, Point of Sale (POS) is thought to be also going through a profound transformation. New trends such as intertwined drivers of mobile devices and sensor proliferation, the transition of back-office systems to the cloud, the demand of enhancing customer experiences, etc., have led to changes in consumer behavior.
Whether you have already implemented an Enterprise Resource Planning (ERP) system or not, you always need to prepare big time for it. Every concern should be put up for consideration: who is the right vendor for your ERP system, what questions should be asked and how to eventually make your project successful when you start planning.
Many companies, especially ones in retailing industry—where accounts payable (AP) transactions with sellers and suppliers are significantly critical to business—have been investing in e-invoicing and accounts payable automation as an proactive approach to address those AP problems caused by traditional manual entry.
Reasons to get rid of Excel in financial planning and budgeting
Recent research by Anaplan, 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 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.
Ho Chi Minh – July 2014 – The 4th Am Cham Blood Donor Day (WBDD) on 14 July 2014, received aid from dozens of large organisations in Ho Chi Minh City. As a common yearly activity, this time, TRG’s CEO and staffs joined in the event at New World Hotel, District 1. With our supports, we wish to accompany the event slogan “give blood for those who give life”.
As discussed in the latest blog, 3 ways to increase profits in hospitality management were matching staffing levels to demand; utilising the value of your inventories and understanding ROI of Marketing. Now let’s uncover part 3, which is the last one of the series 9 ways to increase your hotel profits.
The latest version of SunSystems Query and Analysis tool adds two new modules to make analysis easier for both techies and no-techies.
After years of slow and stubborn recovery, with constrained capital budgets, hotel owners and hotel operators are facing huge pressure to increase hotel profits as investors are becoming more confident for trade propelled growth, thus fuelling an increase in transaction activity and worldwide improvements in hotel operations.
McKinsey in a recent research reports that while 75 million people cannot have a job, yet many businesses have vacancies that cannot be filled, and that there is a gap between the current workforce’s skills and what employers want from employees. Especially in the finance and accounting world, where people need accuracy, concentration and speed, it is even harder for organisation to recruit and retain talents.