Blog
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Liquidity is an important concept in finance. It refers to the extent to which a company is able to meet its short-term obligations. Put simply, how quickly can you convert your assets into cash? For companies, this is crucial because they need to be able to quickly release cash for … […]
Liquidity: Essential Insights, Applications and Developments
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KPIs, or Critical Performance Indicators, are measurable values that help organisations evaluate performance. These indicators provide insight into how far an organisation is achieving its goals. KPIs can be applied to various business aspects, such as sales, customer satisfaction and operational efficiency. By continuously monitoring these indicators, you get a … […]
KPIs: What they are and how they help steer an organisation
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Rule recognition refers to technology that converts text into structured data by identifying specific patterns or rules. This technology plays a crucial role in automating document processing and data entry. Think, for example, of scanning invoices and automatically reading important data such as amounts and dates. Line recognition enables efficient … […]
Rule recognition: Applications and Prospects
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A receipts app is a digital tool that makes processing receipts and invoices significantly easier. The idea behind a receipts app is to reduce the hassle of paper receipts. By using a receipts app, users can easily digitise their receipts by taking a picture with their smartphone. These digital copies … […]
Receipts App: Smart Savings with these Practical Tips
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The current ratio is an important financial measure that provides insight into a company’s liquidity position. It measures the ratio of short-term assets to short-term liabilities. In simple terms, it shows how well a company is able to pay its short-term liabilities with short-term assets. A ratio above 1 means … […]
Current Ratio and Application in your Organisation
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When you look at purchasing and procurement, it may seem like they mean the same thing. Yet there are important differences. Procurement mainly focuses on the day-to-day purchase of goods and services. It is a practical task where you ensure the best price and delivery times. Procurement, on the other … […]
Purchasing vs. Procurement: Differences and Applications
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Realtime synchronisation refers to the technique where data is instantly updated across multiple platforms or devices as soon as a change occurs. This means that when you change a file on your computer, the changes are immediately visible on your smartphone or tablet. This kind of synchronisation is crucial for … […]
Realtime Synchronisation: Developments and Security
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An online archive is a digital collection of documents and data accessible via the internet. It allows you to find information without having to physically go to an archive. Think of historical documents, research reports or old newspapers. Online archives make it easy to store, search and access information and … […]
About Online Archive: Benefits, Operation and Developments
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The Working Costs Regulation (WKR) is a tax scheme that helps employers in the Netherlands to optimise the tax efficiency of allowances and benefits in kind given to employees. In 2024 it will allow employers to give untaxed allowances and benefits in kind, such as travel expenses, and make certain … […]
WKR in 2024: What You Need to Know
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A purchasing department plays a crucial role within an organisation. This department is responsible for procuring products and services needed by the company. They ensure that everything is purchased on time and on the best terms. This includes negotiating with suppliers, evaluating offers and concluding contracts. The aim is to … […]
Purchasing department: role and key issues