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CAFM software and data protection: the inconvenient truths

Digitalisation is changing the way companies work and the use of CAFM (Computer-Aided Facility Management) software has become essential, particularly in the area of facility management. These software solutions not only offer efficient management of properties, maintenance processes and resources, but also play a crucial role in protecting sensitive data. At a time when data protection is not only a legal requirement but also an important signal of trust for customers, facility managers must [...]

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From reminders to compulsory enforcement: a brief guide to receivables management

Receivables management is a crucial part of any successful business strategy. In a world where non-payment and late payments are commonplace, it is essential to implement clear processes and systems to manage receivables efficiently. From the first payment reminders to enforcement, there are many steps in receivables management that need to be carefully thought through. A well-structured dunning process and effective accounts receivable management can not only help to protect a company's liquidity, but can also be used to minimise the risk of default.

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The basics of e-balance sheets: what every company should know

The electronic balance sheet, also known as the e-balance sheet, is a topic that challenges SMEs in particular every year ("What was that again, Mr Müller, with the e-bill?"). Companies are faced with the challenge of meeting the requirements of the digital transformation. And the e-balance sheet is a central component of this process. It enables the efficient and error-free preparation and submission of annual financial statements in a digital format. At least in terms of the idea.

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5 strategies for effective sales planning for companies

Precise and strategic sales planning has become (or actually always has been) essential for companies. It forms the basis for well-founded decisions, helps with resource allocation and ensures that financial targets are achieved. But how do you implement effective sales planning? Here are five proven strategies that every organisation should consider: Data-based analyses: start with a thorough market and sales analysis. Utilise historical sales data and

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Mandatory e-invoices: what companies need to know in 2025

The e-invoicing obligation, which will come into force in Germany from 2025, is a significant step towards digitalisation and increased efficiency in accounting. Companies need to prepare for this new legal regulation now in order to avoid potential penalties or delays in payment transactions. The 2025 e-invoicing obligation not only affects large companies, but also smaller businesses that work with public sector clients. According to the EU directive on e-invoices, electronic invoices will be mandatory from 2025,

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A comparison of target and actual taxation: advantages and disadvantages in tax law

The issue of debit and actual taxation plays a central role in German tax law and has far-reaching consequences for both companies and the self-employed. Essentially, there are two different approaches to sales taxation, each of which has its own specific advantages and disadvantages. Debit taxation is characterised by taxation at the time of performance, regardless of whether the customer has already paid or not. In contrast, the

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Top 5 advantages of a holding structure for small companies

Even in 2025, choosing the right holding structure will make a decisive difference for small companies. Many entrepreneurs are faced with the challenge of achieving their corporate goals efficiently while minimising risks and optimising their tax burden. A holding company can serve as a strategic tool here, not only to better utilise the legal framework, but also to create numerous synergies within a group of companies. Let's take a look at the five key

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Artists' social insurance: What you need to know

Artists' social insurance is an element of social security for self-employed artists and publicists in Germany. In a professional field that is often characterised by uncertainty and financial fluctuations, this special system offers valuable support. It enables creative people to keep their work in the foreground without having to constantly worry about the financial security of their social needs. The Artists' Social Security Fund (KSK) plays a central role in this by providing administrative and

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The role of DIN 276 in cost accounting for construction projects

When it comes to cost planning in the construction industry, DIN 276 is almost indispensable (as is DIN 277, but that's not the point here). This standard has established itself as the cornerstone of construction costing and provides both professionals and clients with a clear structure for efficiently recording and managing the financial aspects of construction projects. In today's fast-moving construction industry, where time is money and cost transparency is of paramount importance

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10 common mistakes when choosing CAFM systems (and how to avoid them)

Choosing the right CAFM system can feel like choosing the perfect holiday - there are so many options that it's easy to lose track ("Honey, would you rather go to Bielefeld or the Maldives?"). While you're thinking about the latest CAFM solutions, you might be imagining how your facility management could run more efficiently and smoothly. But before you dive into the next adventure of digital building management, you should

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Costs of ISO 9001 certification: effort versus benefit

ISO 9001 certification is not just a piece of paper, but a strategic tool for improving quality and efficiency within an organisation. However, many organisations looking at ISO 9001 requirements often ask themselves: "Is the cost of ISO 9001 certification really justified?" To answer this question, it is important to look at the various aspects of ISO 9001 certification and weigh up whether the expense is justified by the

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What to do in the event of a tax audit?

In Germany, tax audits (or company audits) are a topic that is often associated with nervousness and uncertainty for companies. It is not only an obligation, but also an opportunity to check tax compliance and the efficiency of company management. During a tax audit, companies can face various challenges that need to be overcome. In order to successfully prepare for a tax audit (which will come sooner rather than later, with

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Prepaid expenses compared to deferred income: the most important differences

Accruals and deferrals play a crucial role in accounting, especially when it comes to accurately reflecting the economic reality of a company. Accruals and deferrals are fundamentally different from accruals and deferred income. But what exactly does this mean for your company? And why is it so important to understand these differences? Prepaid expenses represent future expenses that have already been paid but will only be recognised as an expense in future periods. These are

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Optimise your SAP system in 2025 for better property management

Property management is a complex discipline that has become particularly challenging in the current environment ("...do we already have this AI, Mrs Müller?"). Implementing an optimised SAP system can significantly increase efficiency. Whether you're working with CAFM, IWMS or other facility management systems (we hope it's not EXCEL, are we?), the right configuration of your SAP can mean the difference between a smooth operation and a frustrating challenge.

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The management dilemma: flexibility vs. control in the world of work

Many companies are faced with a dilemma: how much flexibility can they grant their employees without losing control of the company's goals and processes? This question is particularly relevant in the context of management, as it is crucial to find a balance between freedom and structure. While flexibility fosters creativity and innovation, control is essential to ensure efficiency and quality. The challenge is how management styles can be adapted in order to

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Top New Year's resolutions 2025 for managers

The New Year is just around the corner and with it comes the opportunity for managers to make fresh New Year's resolutions that can not only promote personal growth but also create a positive company culture. At a time when challenges and change are the order of the day, self-care in management is becoming increasingly important. The question is: how can we design New Year's resolutions in the organisation so that they both meet the individual goals of managers and support the company's culture?

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Implementation of CAFM software: Rollout in 3 months

Implementing CAFM software can be very exciting - but it can also be fraught with setbacks and hopefully many successes. Significant progress can be made in just three months if you plan carefully and take a strategic approach. The introduction of Computer Aided Facility Management (CAFM) is not just a technical step, but a profound change in the way we organise our facility management. If you are wondering how to

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Operator responsibility: The most important requirements in Germany

Operator responsibility is a key issue in facility management and presents operators with a variety of challenges. In Germany, the legal requirements for operator responsibility are clearly defined and essential for the smooth operation of buildings and facilities. This responsibility extends across various areas, including occupational health and safety, fire safety and environmental protection, and includes a range of obligations that must be observed in order to avoid legal consequences. According to a study by the Institute for

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ISO 22301: The underestimated standard that can save your company

The ISO 22301 standard, also known as the international standard for business continuity management (BCMS), is an often overlooked key to organisational stability and resilience. At a time when organisations are faced with unforeseen challenges such as natural disasters, cyber-attacks or global pandemics, the importance of effective business continuity management is becoming increasingly clear. According to a study conducted by the Business Continuity Institute in 2021, 73% of companies found that they were not optimally

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