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.

10 reasons why year closing with Excel needs to stop

Written by Joost van Koot on . Posted in Financials

And why it’s now time for a proper consolidation tool

Year closing is a serious undertaking for any financial team. If you’re up to your neck in spreadsheets, your making your life more difficult that it needs to be. Not convinced? Well, here are at least 10 reasons why 2016 should be the last year you complete without a dedicated consolidation tool.

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.

CFO, your systems already operate in the Cloud, don't they?

Written by Lieneke Verrest on . Posted in Financials

The time of 'sitting back to take another look at everything' is over. It is crucial that companies prioritise the application of technological innovations and take rapid action. The growth of companies who have their software entirely or partially in the Cloud is growing, but not every company is making this transition. And that is a pity, because there appears to be a strong correlation between the use of the Cloud and the growth figures of a company.

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.