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.

Max Verstappen's 4 valuable lessons for companies

Written by Robêrt de Gier on . Posted in Financials

A promotion, winning his first race for Red Bull Racing and one of the most impressive drives Formula 1 has ever witnessed; 2016 represented the transition from a huge talent to international superstar for Max Verstappen. The Netherlands is currently gripped by 'Max Mania'. But what can we learn from him and his Red Bull Racing team?

Reduce inventory costs, Yes! But how?

Written by Auke Hylarides on . Posted in Wholesale

New targets to improve margins. You want to reduce your inventory costs. How can you achieve that without compromising the level of service? How do you strike the right balance between purchasing, inventory costs and having to turn customers away because you are out of stock? What is the optimum level?

CFO: from A to Better

The CFO: from A to Better

Written by Joost van Koot on . Posted in Financials

The CFO from accountant to business advisor – it’s been on the agenda for a while. That may no longer be enough. The impact of digital disruption is increasing the pressure to actually make it happen. Many CFOs remain embedded in traditional processes though, unable to create the room to increase their strategic contribution to the business. In an effort to realize the change, they’d be well served by considering a common success factor between those who have moved on – a curiosity towards new technology. For the CFO looking to realize change, it’s likely that IT is the accelerator they’re looking for.

The 5 biggest advantages of mobile hour entry

Written by Michiel Bos on . Posted in Services

Consultants register, on average, 15% fewer hours than they’ve actually spent with their customers (Source: M&C (in Dutch)). That’s a obviously not ideal from a financial perspective, creating a pressing need to make hour registration simpler for the consultant. The solution? Mobile apps. Here we go into detail, looking at the 5 most important benefits for adopting hour registration via the smartphone.

How do you calculate the ROI for HRM software?

Written by Justus van Hoegee on . Posted in Business

Employees, managers and HRM departments can all benefit from dedicated HRM solutions, particularly in the SMB sector. However, every investment needs to be backed up by a solid business case for the people controlling the purse strings. Unfortunately, many HR managers struggle to accurately pin down what the realistic return on investment for HR software will look like.

The digital factory: hype or necessity?

Written by Nico Bijl on . Posted in Manufacturing

Smart Industry, Industry 4.0, Digital Manufacturing. Much has been written and discussed recently about “the digital factory”. A factory where everything is fully automated and paperless. How realistic is that digital factory and to what extent is it necessary for manufacturers to (rapidly) achieve this? We will discuss these two questions further here.

Digital transformation: Time for the CFO to step up, or step aside

Written by Robêrt de Gier on . Posted in Financials

Technological innovation and the disruption that accompanies it now touch every individual across a business – from shop floor to top floor. Finance is certainly no different, with many financials well aware that more than 50% of their typical work activities will soon be managed by computers*. Given the sea change that’s underway, what should the financial leader be doing to ensure they stay relevant?

Fantastic, the finance dashboards! But is the data any good?

Written by Michiel Beek on . Posted in Financials

Swype, zoom-in, slice and dice; who doesn’t want to have a beautiful new financial dashboard at their fingertips? That’s how you make an impact in the boardroom as a financial leader. Unless, of course, the data underneath the pretty graphics wasn’t quite as clean as you thought it was. Anyone using analytics dashboards is thus well served by not assuming anything, taking responsibility for the quality of the master data behind all financial reporting. If that is fully in order, then you’ll be equipped to make the most of these powerful tools.

ERP – rise of the consumerized machines

Written by Jarno van Hurne on . Posted in Financials

From new graduates to today’s middle-thirty-somethings entering more senior positions, the volume of professionals who learned their IT through Facebook and Google is growing fast. In fact, it won’t be long before they’re the serious majority. Importantly though, what they’re saying and doing is already telling. Quite simply, they’re not prepared to have to manage their business lives with hundreds of clicks on archaic green screens born before ‘User Experience’ existed.