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.
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?
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.
The term e-invoicing has been around for a while. That said, what precisely is meant by the term and the degree to which it’s actually used remain unclear for many. In this two part article, I’ll be trying to provide some clarity on these important questions.
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.
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?
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.
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.
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.
A lot is said and written about talent management and the programs that companies set up within their talent development strategy. But what do these programs actually deliver in practice? It’s important to ask yourself what exactly it is that you want to achieve in making use of your company's best young human resources. It’s likely that an extensive program is not the best way of achieving the desired results. What is important is to know what your people need for their ongoing development, and that the information is then properly recorded and managed. That may in itself be enough.