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.

Why HR needs data to be taken seriously in the MT

Written by Exact on . Posted in Business

HR is not taken seriously in the majority of organisations and this is primarily because of HR itself. And by this I don’t mean that HR professionals are seen as 'softies'. No, it concerns the balance between the heart and mind, between sensing and knowing and between having a hunch and actually being 100% sure.

A healthy company is versatile

Written by Exact on . Posted in Manufacturing

No sugar, fewer carbohydrates, gluten-free. Mindful and healthy eating is hot. Consumers are turning away from unhealthy products en masse and embracing one superfood trend after another. How do you respond to this as a food manufacturer? Do you go wherever the wind blows? Or do you still need to master the art of versatility?

From accountant to consultant: BI for financial management

Written by Richard Francis on . Posted in Business

Many financial managers experience challenges on a daily basis. They possess crucial information that can heavily impact business strategy, but are often unable to contribute to researching the results. Since traditional reporting methods are so time-consuming, they often just forward the information, rather than analyse and discuss it. The right BI tools can change this situation.

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.

Big data: a CFO’s best friend? Only with the right KPIs.

Written by Exact on . Posted in Financials

Financial managers who are searching for ways to work faster and smarter are exploring the potential of big data. Big data undoubtedly has a lot to offer the financial manager. But not ‘just like that’. It’s possible to have a mountain of data, but that mountain is of little value without the strategy and the tools to convert the data into useable insights.

Be smart with fluctuating costs

Written by Exact on . Posted in Manufacturing

The food industry is under pressure. Competition over scale, costs and prices is intense. How should you deal with price fluctuations? Approached in the right way, you’ll make a profit. If not, you could be faced with significant expenses.