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.

New project management solution? 6 key areas to think about.

Written by Michiel Bos on . Posted in Services

For consultancy businesses it’s essential that they are able to tightly manage the progress of a project. When every project involves a degree of risk, relevant information needed to manage that risk can’t only be stored in the laptop or head of the project manager. The key is to ensure that the necessary data is available to all, something made possible with the appropriate project management IT solution. The question is, how do you choose the right one?

The supply chain – cost centre or revenue engine?

Written by Richard Francis on . Posted in Wholesale

The traditional picture of the supply chain often depicts a cash guzzling monster. As a result, when considering their logistic processes, many businesses have focused primarily on stopping it from eating up their hard earned profits. Reducing operating costs and limiting damage to the P&L were the order of the day, managers sniffing out opportunities to stretch the margin by streamlining here or trimming there.

Compliance – more than financial reporting

Written by Michiel Beek on . Posted in Financials

Compliance normally starts us thinking about ‘bookkeeping rules’. While that’s true, it’s also about more than that. About creating process optimization, often through the standardizing and centralizing of company activities. That in turns gives companies control over their processes and more reliable insights into the results. The businesses that do this well can be confident their managers have the right information at the right moment – the basis for making smart decisions. 

Can IT boost your working capital?

Written by Richard Francis on . Posted in Business

Inefficient collection of accounts receivable stagnates cash flow, a significant problem for many businesses already operating on razor thin margins. If you’re taking longer to get hold of your money than you’d like, a reappraisal of the role your IT system is playing could help.

Professional Services Key Trends: Internationalization

Written by Michiel Bos on . Posted in Services

Whilst small professional services firms remain in the majority, many of the businesses that dominate the sector have successfully realized growth in volume and complexity through geographical expansion. Whether organically or through M&A, they have successfully sought out new opportunities abroad and committed to creating genuine in-country presence overseas.

Internationalization, Flexibility and IT infrastructure

Written by Richard Francis on . Posted in Financials

The future seems to hold the promise of increased international expansion, supported at least in part by the adoption of more flexible workforces. Global enterprises will offer high quality services, leveraging empowering digital communication to blend external niche expertise with a core of more traditional employees. That said, whatever the chances awaiting these businesses, it’s also clear that these changes will bring significant new operational pressures – for both management and IT.

More successful projects? Listen to the project controller!

Written by Michiel Bos on . Posted in Business

Project managers and the financial administration – it remains a tricky combination. When the project manager is focusing fully on the best possible result, the money factor can sometimes take a back seat. It is then up to the project controller to ring the bell and get a grip on the project’s financial situation. Here we look at how they can help projects to be successful on every front.