The modern Financial Director is not just someone with number sense. They rarely attribute their experience as the main reason for success. Instead, a proactive attitude and strong people skills are the essential traits of a good FD.

Digital invoice processing continues to get cheaper. According to an annual survey by Billentis e-invoices went down from EUR 10.90 in 2012 to only EUR 4.50 in 2016.

Managing contracts becomes increasingly complex as the organization grows. Before you know it, large numbers of contracts are stipulated with preferred suppliers. With no system in place, the overview gets lost and out of control, resulting in an inefficient and costly process.

Optical Character Recognition (OCR) is a popular method of digitizing printed invoices. There are two flavors of OCR that differ in the degree of automation and responsibility. We call them OCR-on-Premise and OCR-as-a-Service.

With the rise of robotics it is expected that the job market will change significantly. Will the job administrative assistant still exist in 20 years? Or are the robots going to take over?

The current legislative landscape for data protection across the European Union is fragmented, causing confusion to organizations and individuals. This will drastically change when in May 2018 a new European privacy law is due to take effect.

The short answer is perfectly put by Wikipedia. It’s a concise explanation that is not entirely comprehensive. So let’s dive a bit deeper.