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.

Four financial processes which often depend on separate systems or spreadsheets

Written by Queeny Dieke on . Posted in Financials

Digitization and automation are rapidly becoming the norm in finance departments. Many corporate automation projects are initiated by the CFO or Financial Manager. Despite this, finance departments still often work with Word and Excel files, or by manually connecting data from different systems. This not only applies to smaller organisations, but large companies too. Time for an overhaul of the myriad of separate tools, systems and files. But where to begin?

The future of the working individual

on . Posted in Business

The rapid development of computers and robots will radically transform the employment market. This offers opportunities, including for entrepreneurs, says Randstad’s Marjolein ten Hoonte. “It’s about imagination and how you translate that to your own company.”

The Randstad Group head office in Diemen, the Netherlands, is a classic example of ‘the new way of working’. Visitors no longer have to wait for employees to come and collect them with an access pass. The entire ground floor is accessible to everyone. Just like the employees and clients of the company, visitors can go there to meet, work, drink coffee and eat lunch. This is a logical consequence of technologisation, says Marjolein ten Hoonte, labour market and CSR director at the company. “Although your location might not be relevant any more for your job, working people still want to meet each other.”

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.

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?