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Error-free service charge settlement [how does it work and why is it important?]

Property accounting is a central part of property management, and error-free service charge accounting is one of the biggest challenges for property managers. To fulfil the responsibilities of a property manager, it is crucial to implement the right methods and tools to ensure transparency and efficiency in accounting. According to a survey conducted by Statista in 2023, over 60 % of property managers stated that accurate utility bills are crucial for satisfaction [...].

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Why the IFC format is the key to sustainable construction in 2025

In recent years, the IFC format (Industry Foundation Classes) has become an indispensable tool for design and execution in construction operations. This universal data format enables seamless interoperability between different software solutions in architecture, civil engineering and facility management. According to a study by McKinsey, the use of Building Information Modelling (BIM), which is closely linked to the IFC standard, has the potential to reduce construction costs by up to 20% and

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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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How do I introduce CAFM software in my company?

The introduction of CAFM software in your company can mean a decisive improvement for your facility management. Appropriate planning, choosing the right software and involving the relevant stakeholders are essential for successful implementation. In this article, we will look at the key steps you should consider when implementing a CAFM solution. Step 1: Define requirements Before the go-ahead is given for the introduction of suitable CAFM software, it is essential to define the company-specific

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CAFM is like Google Maps for buildings

CAFM, or computer-aided facility management, is an indispensable tool in modern facility management. It helps companies to manage their buildings efficiently, optimise costs and promote sustainability. In this article, you will learn everything you need to know about CAFM software, its applications and benefits. What is CAFM? CAFM is the acronym for Computer-aided Facility Management, a technology with a revolutionary impact on the world of facility management. This digital support

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Myths and truths about agile project implementation

In recent years, agile project implementation has become increasingly popular. This approach aims to deliver results quickly and adapt to change. In this blog post, we will discuss some of the myths and truths surrounding agile project delivery. What is agile project delivery? Agile project delivery is an approach that aims to deliver results quickly and adapt to change. It is a flexible and iterative approach that

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Accounting terms: The ABC of the financial world

Accounting is an essential part of any business, regardless of its size or industry. Proper bookkeeping allows companies to monitor their financial situation, make decisions based on accurate data and fulfil legal requirements. In this blog post, we will cover the most important accounting topics and give you a comprehensive overview of the different aspects. Key takeaways Bookkeeping is the systematic recording and processing

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Future trends in facility management: a forecast

Facility management is playing an increasingly important role in today's business world. It involves the management and organisation of buildings, facilities and services to ensure that they are operated efficiently and cost-effectively. In this blog post, various topics related to facility management are covered, including the importance of sustainability, digital transformation, new technologies, flexibility, employee satisfaction and productivity, outsourcing, the sharing economy, integrated facility management, demographic changes and the strategic role of facility management.

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Efficient system maintenance with the right software solution

Plant maintenance plays a crucial role for companies that rely on smooth processes and high productivity. In this blog post, we will cover various topics related to plant maintenance. It looks at the importance of efficient plant maintenance, the challenges involved and the benefits of a digital solution for plant maintenance. It also presents the functions of good plant maintenance software and explains how such software can increase plant availability.

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IWMS Facility Management: Efficient management of properties and resources

IWMS facility management software is a powerful tool that helps companies to organise their facility management processes more efficiently and effectively. In today's world, where organisations are becoming increasingly complex and the demands on facility management are growing, an IWMS is indispensable. It offers a wide range of functions and modules that enable companies to optimise the use of their resources, reduce costs and ensure compliance with regulations. Key

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Photo IoT in facility management: Whitepaper GEFMA 928

IoT in facility management: Whitepaper GEFMA 928

The Internet of Things (IoT) has become hugely important in recent years and is now present in many areas of our daily lives. One industry in which IoT has a particularly large impact is facility management. In this article, we will take a closer look at the importance of IoT in facility management and look at the various technologies, benefits, challenges, requirements, practical examples and future prospects of IoT in this industry. The

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Photo integrated workplace management system

Efficient facility management with integrated workplace management system

Facility management is an important part of modern organisations. It involves the management and organisation of buildings, facilities and resources to ensure a safe and efficient workplace. In this article, we will take a closer look at facility management and the importance of an integrated workplace management system. Key Takeaways Facility management involves the management and maintenance of buildings and facilities. Benefits of facility management include cost savings, improved working conditions and increased safety. A workplace management system

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Photo New GEFMA Guideline 480 on data structures in FM

New GEFMA Guideline 480 on data structures in FM

GEFMA Guideline 480 is an important guideline for facility management (FM). It was developed to optimise data structures in FM and thus improve efficiency and cost savings in this area. This guideline is of great importance for facility managers as it helps them to optimise their work processes and make better decisions based on high-quality data. Key Takeaways New GEFMA Guideline 480 aims to optimise data structures

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Efficient facility management with CAFM software: the advantages at a glance

Facility management is an important part of the successful operation of companies and organisations. It involves the management and organisation of buildings, facilities and resources to ensure that they are used efficiently and meet the needs of users. An effective facility management strategy can help to reduce costs, increase efficiency and improve work processes. One way to optimise facility management is through the use of CAFM software. Key takeaways Facility

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What are ESG standards and why are they relevant for my company?

ESG standards (Environmental, Social, and Governance) are becoming increasingly important in the business world. Companies today are faced with the challenge of not only pursuing financial goals, but also taking environmental and social aspects into account. ESG standards provide a framework to measure and evaluate these aspects. In this article, we will explain the definition of ESG standards, discuss their relevance for companies and highlight their importance for investors and company performance. Key Takeaways

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Accounting for small businesses: What do I need to consider in 2024?

Bookkeeping is very important for small business owners as it helps them keep track of their financial situation and run their business effectively. In this blog post, we will cover the different aspects of bookkeeping for small businesses and give tips on how to organise it efficiently. Key Takeaways Bookkeeping is a legal requirement for small business owners Small business owners can choose between cash basis accounting and balance sheet accounting Small business owners must keep certain records

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Efficient budget management with CAFM systems: How to optimise your property management

Efficient budget management is of great importance for property management. It enables optimal utilisation of financial resources and contributes to the long-term value retention and profitability of properties. Careful budget planning allows costs to be controlled and optimised, leading to improved profitability and efficient use of financial resources. However, budget planning in property management is associated with various challenges. One of the biggest challenges is to optimise the costs of

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Facility management & tree register: How CAFM systems optimise green space management

Green spaces play an important role in facility management, as they not only improve the appearance of buildings and facilities, but also offer numerous environmental and social benefits. Tree registers and CAFM systems are used to manage these green spaces efficiently. A tree register is a directory in which all relevant information on trees and green spaces is recorded and managed. CAFM systems (Computer Aided Facility Management) are software solutions that support various tasks in facility management

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Bookkeeping for beginners: the most important basics explained

Accounting is an essential part of every company, regardless of its size or sector. It involves the systematic recording, organising and recording of all financial transactions that a company undertakes. In this blog post, we will take a closer look at the different aspects of bookkeeping to gain a better understanding of its importance and requirements. Key Takeaways Bookkeeping is the systematic recording and analysing of business transactions. Companies need to keep accounts when

Bookkeeping for beginners: the most important basics explained Read more »

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