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.

No hands accounting is a journey, not a destination

Written by Exact on . Posted in Financials

Far-reaching digitisation is the new standard in finance. Smart, fully automated processes eliminate manual transactions and complex spreadsheets. No hands accounting, as it’s known at Exact. Exact CFO Onno Krap, and Kevin Mottard, manager of the Dutch CFO community at Alex van Groningen, explain the radical impact of digitisation on companies.

Are we underestimating the impact of technology in finance?

Written by Robêrt de Gier on . Posted in Financials

‘If the financial professional doesn’t act quickly, disruption will ensue.’ Last week, the Free University and The Royal Netherlands Institute of Chartered Accountants (NBA), two Dutch educational institutions, published findings that the financial role is ripe for disruption. In their research, they addressed the questions of what the impact of technology on the finance role is, the current extent of the application of Robotics and Data Analytics (RDA) in the financial role and how this will change the required knowledge and competences of the financial professional. Conclusion: the majority of financial professionals underestimate the impact of technology in their work.

5 tips for linking administrations in different countries

Written by Michiel Bos on . Posted in Services

Did you know that in Southern Europe, VAT has to be withheld and paid towards invoices from freelancers? And did you know that the financial year runs from April to March in Japan? And that the German Finanzamt requires data from your administration to be submitted in a specific format? These might not be the most appealing aspects of international business, but you will encounter them if you have offices abroad. How do you link the administrations of your international offices with one another? We give you five tips to make your life easier.