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Maturity model: an indispensable tool or just a trendy buzzword?

In the world of facility management, there are many buzzwords vying for attention. One of them is the maturity model. But is it an indispensable tool or just a trendy buzzword? This question deserves thorough consideration, especially in times when digital transformation is revolutionising the way we work. The maturity model offers companies the opportunity to evaluate and optimise their processes and systems in a targeted manner. It is not just a theoretical concept, but [...]

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Accounts receivable accounting for SMEs: 10 tips for optimisation

Accounts receivable is critical for small businesses as it not only affects the financial health of the company, but also significantly shapes relationships with customers and partners. In a world where liquidity often makes the difference between a thriving business and insolvency, it is essential to implement effective accounts receivable management. This accounting discipline encompasses all processes relating to the management of trade receivables

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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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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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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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Innovations in cloud technology: the future of IT

Cloud technology has become an indispensable part of the IT industry in recent years. It enables companies to store and manage their data and applications over the internet instead of having to rely on local servers or hardware. This flexibility has not only revolutionised the way companies design their IT infrastructure, but has also significantly increased the efficiency and agility of business processes. By utilising cloud services, companies can

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How does property valuation work?

Property valuation is a systematic process for determining the market value of a property. This value serves as the basis for transactions, financing and tax purposes. Numerous factors are taken into account in the valuation, including geographical location, plot size, building condition, fixtures and fittings and current market conditions. There are various recognised valuation methods, such as the comparative value method, the income capitalisation method and the asset value method. Each method is based on specific data and assumptions and is suitable for different property types and valuation purposes. The

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Efficient project management with a project schedule

An efficient project schedule is a key element for the success of a project. It acts as a guide for everyone involved in the project and enables the optimal utilisation of resources and the achievement of project goals within the specified time frame. A carefully prepared schedule supports the coordination of various tasks and milestones and ensures their timely completion. An effective schedule enables more accurate planning and forecasting of resources, costs and risks. This contributes to the reduction of delays and

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Efficient management of debtors

Accounts receivable play a crucial role for companies as they have a major impact on liquidity and profitability. Effective accounts receivable management is therefore of great importance to minimise payment delays and defaults. In this blog post, we will explore and discuss various strategies and measures to improve accounts receivable management. Key Takeaways Accounts receivable are customers who owe money to the organisation and play an important role in financial planning. Effective strategies

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Achieve maximum energy efficiency in the household

At a time when climate change is becoming ever more present and resources are becoming scarcer, it is more important than ever to practise energy efficiency in the home. Conscious use of energy can not only save costs, but also protect the environment. This article looks at various aspects of energy efficiency in the home and provides tips on how to reduce energy consumption. Key takeaways Energy efficiency in the home saves money and

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Protect your company with cybersecurity

In today's digital world, cyber security is crucial for companies. As companies become more connected and use more technology, the number and complexity of threats increases. Cyber criminals use various methods to attack organisations and steal or manipulate sensitive data. It is therefore essential that companies take measures to protect their IT infrastructure and guard against cyber attacks. Threats on the internet:

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Cloud software in Germany: advantages and challenges

Cloud software is a technology that enables companies to store and access their data and applications in the cloud. In contrast to traditional local storage, the cloud offers a flexible and scalable solution that enables companies to utilise their IT resources more efficiently. In Germany, cloud software is becoming increasingly important as companies look for cost-effective and efficient solutions to optimise their business processes and remain competitive. Advantages of cloud software

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CAFM software: Everything you need to know as a dummy ;-)

Are you new to the world of CAFM software and wondering what it's all about? In this comprehensive guide, we'll cover everything you need to know as a newbie. From the features and benefits of CAFM software to the different types available, we'll explore how it works and how you can choose the right one for your needs. Whether you're looking to implement CAFM software in your organisation or simply want more

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Efficient order management: What is order management and how can it optimise your company?

Efficient order management is of great importance for companies as it optimises the entire ordering process and improves customer satisfaction. Order management covers all steps from the customer's order to the delivery of the product or service. It is important that this process runs smoothly in order to save time and money and increase customer satisfaction. Definition of order management: what it is and why it is important Order management refers to

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Efficient support processes: How you can optimise your customer service

Efficient support processes are of great importance for companies, as they have a direct impact on success and customer satisfaction. A well-functioning customer support process is crucial for solving customer questions and problems quickly and effectively. In this article, we will take a closer look at the importance of efficient support processes for your company and give you tips on how to analyse and improve your current support processes. The importance of efficient support processes for your organisation Efficient

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Everything you need to know about BIM: An introduction to the world of Building Information Modelling

Building Information Modelling (BIM) is an innovative method that is becoming increasingly important in the construction industry. BIM makes it possible to create a virtual model of a building or infrastructure that contains all relevant information. This model serves as a central database that can be accessed by all project participants. This improves collaboration and communication between the various trades and allows errors to be recognised and rectified at an early stage. In this article

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Why business software alone is not enough: process optimisation as the key to success

Introduction The use of business software presents companies with a variety of challenges. These software solutions are often complex, inflexible and difficult to customise. In order to overcome these challenges, process optimisation is necessary. By optimising business processes, companies can optimise their workflows and improve their efficiency. This article will examine the importance of process optimisation for the success of companies and provide practical tips for optimising business processes. Challenges in the use of a

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Save time and money: why a maintenance tracking system is essential

In today's business world, the efficient maintenance of plant and equipment is crucial to the smooth running of an organisation. A maintenance tracking system is an indispensable tool for keeping track of maintenance work and ensuring that it is carried out properly. In this article, we will take a closer look at maintenance tracking systems and explore their benefits for organisations. What is a maintenance tracking system and how does it work?

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Budget deficit: what it means and how it affects our economy

It is important to understand the concept of a budget deficit as it can have a significant impact on the economy. A budget deficit occurs when a budget's expenditure exceeds its income. This can lead to debt and have long-term consequences for the economy. In this article, we will take a closer look at the concept of a budget deficit and analyse its impact on the economy. What is a budget deficit? A budget deficit occurs when

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