The Biz Box

The Biz Box is a platform from which industry and business experts can share thoughts and opinions on how best to be successful in today’s marketspace.

Every pound you save is pure profit

Written by Edward Burgers on . Posted in Financials

Many organisations miss the opportunity to make major savings on their procurement, says Edward Burgers, Head of Global Procurement at Exact. “Companies which structure their Purchase to Pay processes (P2P) can add a few percent to their profit. And if you invest your savings into a good procurement team, you’ll earn double.”

Opposites attract: the happy relationship between HR and Finance

Written by Robêrt de Gier on . Posted in Financials

We’re all familiar with the classic scenario: ask HR and finance to compile a list of staff members and you’ll undoubtedly get two versions which don’t match. Whereas finance talks about FTEs and expenses, HR is all about headcount and people, meaning we can end up getting lost in translation. But isn’t it time we started combining forces more often?

The General Data Protection Regulation (GDPR) – what does it mean for your company?

Written by Joost van Koot on . Posted in Business

Digitisation is rapidly changing the world. On the one hand, it’s making life easier. On the other hand, all this data carries its own risks, and in particular in the area of privacy. That makes it an important issue for the European Union, which is the reason behind the General Data Protection Regulation (GDPR), legislation which affects countless medium-sized companies.