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Financial Solutions

No more headaches from complex accruals

19 Mar 2018
It may have been a while since I was a financial accounting student, but I recently overheard a conversation between two students on a train that reminded me of a topic that was the cause of much head scratching not too many years ago. That topic was...
Financial Solutions
19 Mar 2018

No more headaches from complex accruals

It may have been a while since I was a financial accounting student, but I recently overheard a conversation between two students on a train that reminded me of a topic that was the cause of much head scratching not too many years ago. That topic was...
  • 13 Mar 2018

    Customer focus tips the scales in subscription commerce

    Razor blades, socks, care products, cereals, drinks, pet food – the list of products that can be ordered online by subscription is long. Last week I showed why there are good reasons for online retailers to opt for flexible subscription models. The most important point is customer loyalty. Retailers create additional touchpoints through subscriptions for consumers, who value the convenience and flexibility of these solutions. A further...
  • 12 Mar 2018

    Trend-spotting at Mobile World Congress 2018

    global satellite telecommunication technology

    It’s almost hard to believe but this year was the ninth time I’ve attended Mobile World Congress (MWC). I first attended the conference back in 2005. Back then it was hosted in Cannes. And, wow, has it changed since the early days! With more than 100,000 visitors and hundreds of exhibiting companies, MWC has grown to become easily the largest mobile trade event of the year. Now held annually in Barcelona, Spain, this year’s conference...
  • 06 Mar 2018

    Trends in the digital age: Subscriptions are dead. Long live subscription commerce!

    Recently I had dinner at my neighbour's house, which gave me an opportunity to admire my host's bulging bookshelf once again. He still belonged to the generation that loved and lived for the book club, a statement my neighbour had proudly declared a few months ago. He celebrated every new tome, reading it first and then adding it to his collection on the shelves. My neighbour was not alone in this: holding a book with a special binding or cover...
  • 05 Mar 2018

    How to digitalize claim processes with the aid of advanced analytics and AI

    According to a study by consulting company Accenture, 83% of German insurance companies believe that their industry will experience digital transformation over the next three years.  A study by St. Gallen University forecasts that the interaction between the customer and company throughout the customer journey will for the most part be digital by 2020. Simplify claim processes, improve digital interaction points or unify communication over all...
  • 27 Feb 2018

    Move away from pallets, supply directly to your customers

    A few weeks ago, on my way to the office, I heard the surprising news that pallets are running out in Germany. “The market for used pallets is virtually swept clean,” a radio announcer proclaimed. What may sound like a joke at first is the bitter truth - and is becoming a serious problem for some companies in this country. The economy, and export in particular, is booming, so there are enough orders. But what good is a great order situation,...
  • 26 Feb 2018

    Fraud prevention and one step further

    We all see and are familiar with the trend towards fraudulent activities in online business. Actually, it has been more than a trend for a long time. It is a business, an illegal business of organisations that are similar in structure and organisation to a well-run company. The leaders in these businesses manage digital identity theft, misuse of personal data, purchasing and reselling of goods, and of course what is more important is the revenue...
  • 21 Feb 2018

    The future is not what it was

      Outsourcing - what, why and how? Outsourcing is most successful in companies which have clearly weighed up the pros and cons of outsourcing. Essentially, this means you are unlikely to achieve your preferred outcome by taking shortcuts. According to an E&Y study, outsourcing results in average savings of 10-20% a year. If you are going to embark on an outsourcing process and you want to maintain this level of savings over the...
  • 20 Feb 2018

    Pick up speed in the B2C market by focusing on strong partners

    For a man, his tool is often more than just a utensil. This also applies to one of my friends, who spends hours in his basement, where all sorts of tools have accumulated over time. Most recently, he showed me his blue Bosch drill that was used when we finished the room for his first baby. Generally, the colour of a drill is irrelevant to me, but my friend tends to differ; after all, hobby craftsmen like us usually only have the green Bosch...
  • 12 Feb 2018

    Insurers: There’s no reason to fear the EU GDPR

    The bad news first: Insurers are required by no later than 25 May 2018 to provide their customers with more extensive information than before about the transfer of their data, even in the case of credit inquiries and as early as the application process. We recommend a one-page information sheet or – if contracts are processed digitally – a link to the required information. The same applies to the use of the Hinweis- und Informationssystem...