8Gb RAM is good, but the 4700u is only 2 core 4 thread, which is slower than I would like. The 'Q' suffix is what you need for a much more powerful Quad core/ 8 thread processor.
But looking at the Latitude HERE, they all appear to have higher spec'd CPUs.
Can you persuade the boss to get a better CPU? It'll be worth it from his/her point of view in time saved using the laptop.