The development of smart cities in Germany

Smart cities are urban spaces that utilise modern technologies and digital solutions to improve the quality of life of their residents and at the same time increase the efficiency of urban services. These cities integrate information and communication technologies (ICT) into all aspects of urban life, from traffic control to energy supply and waste management. The aim is to promote sustainable development through the use of data and intelligent systems, which can be both economically and [...]

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The hidden costs of poor asset management and how to avoid them

When we talk about asset management, most of us think of the proper management of buildings and their infrastructure. But have you ever thought about what happens when this management is not optimised? The hidden costs might surprise you! Poor asset management can not only lead to physical damage to properties, but can also result in significant financial losses. These costs are often difficult to quantify and are often overlooked,

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Effective machine maintenance: tips and tricks

Machine maintenance plays a crucial role in industry and manufacturing. It not only ensures the functionality and efficiency of machines, but also contributes to the safety of employees. Well-performed maintenance can significantly extend the service life of machines and reduce the need for costly repairs. At a time when companies are constantly endeavouring to reduce their operating costs while increasing productivity, the importance of machine maintenance is becoming increasingly important.

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IFRS 16: New rules for leases

IFRS 16, which came into force in January 2019, represents a significant change in the accounting of leases. The standard was developed by the International Accounting Standards Board (IASB) to increase the transparency and comparability of financial reporting. Prior to the introduction of IFRS 16, companies had to distinguish between operating leases and finance leases, which often led to an incomplete presentation of financial obligations. With the new regulation, a

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Energy and sustainability management: a guide

Energy and sustainability management are key issues that are increasingly driven by the challenges of climate change and resource scarcity. Companies are faced with the urgent need to increase their energy efficiency and implement sustainable practices in order to not only reduce their operating costs, but also to fulfil their social responsibility. In this context, energy and sustainability management is understood as a strategic approach that aims to optimise energy consumption, reduce emissions and minimise environmental impact.

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Top 5 CAFM software market leaders in 2024: a comparison

Choosing the best CAFM software requires a careful analysis of the current market leaders and their specific offerings. In 2024, there are five outstanding providers that stand out not only for their innovative solutions, but also for their ability to adapt to modern requirements. Planon, for example, offers comprehensive property management functionality and claims to have achieved an increase in efficiency of up to 30% for its users. Archibus stands out

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The secret checklist for a successful online application: What the software really wants to see

In the digital world of work, online applications are no longer a rarity, but they are often the first step to a dream job. Online applications usually have to go through recruiting software before they can be viewed by a hiring manager. This can feel like a rocky road, especially when you consider that many companies today completely automate the application process in the initial stages. According to a study by Jobscan, approximately 98 % of Fortune 500 companies have an applicant tracking system in place

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Building maintenance: Why preventive maintenance is the key to reducing costs

Building maintenance is a key aspect of facility management that is often underestimated. But did you know that preventive maintenance can save up to 30% of maintenance costs? This finding is supported by numerous studies, and it is no longer a secret that a well thought-out maintenance strategy not only increases the longevity of facilities, but can also significantly reduce operating costs. Focusing on preventative measures means identifying and minimising potential problems.

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Top 5 advantages and disadvantages of AG, GmbH, OHG, KG and sole proprietorship at a glance

When setting up a company in Germany, choosing the right legal form is crucial. Different company forms such as AG, GmbH, OHG, KG and sole proprietorship each have specific advantages and disadvantages that need to be taken into account. The decision affects not only liability and tax aspects, but also flexibility in business activities. According to a study by KfW, almost every structure has its own challenges: around 50 % of the

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Predictive maintenance: Effective maintenance

Predictive maintenance is a strategic approach to maintaining machinery and equipment that aims to predict and prevent potential failures before they actually occur. This method uses data analyses and modern technologies to continuously monitor the condition of equipment. In contrast to reactive maintenance, in which measures are taken after a failure, or preventive maintenance, which is based on set time intervals, predictive maintenance makes it possible to

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Lease accounting: new rules and effects

Lease accounting is a key aspect of accounting that is of great importance to companies. It refers to the way in which leases are recognised and reported in a company's financial statements. Leasing is a widely used form of financing that allows companies to utilise assets without acquiring them directly. This can be particularly beneficial for companies that want to preserve their liquidity while gaining access to modern technologies.

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Critical analysis: Are the costs of CAFM systems justified?

The cost of CAFM (Computer-Aided Facility Management) systems is a hotly debated topic in the facility management community. At a time when companies are looking to optimise their operating costs while working more efficiently, the question arises: is the investment in CAFM software and solutions really justified? Studies show that over 70 % of facility managers believe that a well-implemented CAFM solution can realise significant savings in operating costs. Thus reported

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Top 10 CAFM software solutions for small and medium-sized companies

In today's dynamic business world, small and medium-sized enterprises (SMEs) face a variety of challenges in facility management. Efficient property management, optimising maintenance processes and ensuring energy efficiency are just some of the aspects that are in focus. One solution that is becoming increasingly important in this context is CAFM (Computer-Aided Facility Management) software. According to a study by ResearchAndMarkets, the market for CAFM software is set to grow by 2027

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Unconventional CAFM strategies that facility managers should know about

In the dynamic world of facility management (FM), it is crucial to stand out from the crowd and integrate innovative approaches. Unconventional strategies can help to not only increase efficiency, but also improve employee and user satisfaction. One way to achieve this is to integrate modern technologies such as Internet of Things (IoT) and data analytics into your CAFM management. These technologies enable more accurate monitoring of

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The role of IoT sensors in a connected world

In an increasingly connected world, IoT sensors play an important role by bridging the gap between the physical and digital worlds. These sensors are able to collect data from their environment and transmit this information to other devices or systems via the internet. As a result, they enable a variety of applications ranging from monitoring environmental conditions to automating processes. The importance of these

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The 10 most common accounting mistakes and how to avoid them

Accounting is the backbone of any business, regardless of its size or industry. Not only does it allow you to record all financial transactions, it also ensures that you fulfil your tax obligations and base strategic decisions on sound data. According to a survey conducted by the German Association of Tax Consultants, over 40 % of companies state that they have already suffered significant financial disadvantages due to accounting errors. But despite

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10 surprising benefits of CAFM software that you didn't know about

In today's world, where technology and efficiency are the name of the game, the importance of CAFM (Computer-Aided Facility Management) software is often underestimated. Many may think that this software only offers precise planning of maintenance work or the management of room utilisation. But far from it! There are numerous surprising benefits that can help you optimise your facility management processes and save time and money in the process. We have compiled 10

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Comparison: CAFM vs. traditional facility management methods

The world of facility management has developed rapidly in recent years, and with it the methods used to manage buildings and facilities. Traditional facility management methods, often characterised by paper documentation and manual effort, stand in stark contrast to modern solutions such as computer-aided facility management (CAFM). These new tools not only offer centralised data management, but also an increase in efficiency, which is crucial in a time of rising costs.

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Digitalisation in the German healthcare sector

Digitalisation has initiated a far-reaching change in the German healthcare system in recent years. It enables more efficient patient care, improves communication between players in the healthcare sector and promotes the development of innovative treatment methods. Digital technologies allow medical data to be recorded, processed and analysed more quickly, leading to better diagnostics and treatment. The introduction of electronic patient records, telemedicine and digital health applications has the potential to significantly improve the quality of medical care.

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The dark side of CAFM and SAP: What nobody tells you

In the world of facility management, CAFM and SAP are two dominant terms that are often mentioned in the same breath. However, while many extol the benefits of these systems, there are also less illuminated sides (perhaps even showstoppers for you) that organisations should be aware of before deciding on a solution. A comparison of "CAFM vs SAP" reveals not only differences in functionality, but also challenges in implementation and

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