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Understanding

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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What does property yield mean?

The property yield is a key figure for investors in the property market. It quantifies the profitability of a property investment and is usually expressed as a percentage. The return can be calculated using various methods, but is generally based on the ratio between the income generated and the costs of purchasing and maintaining the property. A high return indicates a profitable investment, while a low return indicates a potentially less lucrative investment. As a key indicator

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Sustainability risks: Challenges for companies [with 3 examples]

Sustainability risks are factors that can jeopardise the long-term stability and success of a company. These risks include environmental, social and governance-related aspects. The most important areas include climate change, resource scarcity, human rights and corporate governance. It is essential for companies to identify these risks and incorporate them into their strategic planning in order to secure their future viability. Climate change represents a significant sustainability risk. Its effects on companies are manifold. Extreme weather events such as flooding or

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Real estate project development

Property project development is a multi-layered process that involves the systematic planning, development and realisation of property projects. This process involves several phases, including location analysis, market research, architectural planning, financing structuring and marketing strategy. As an integral part of the property sector, project development makes a significant contribution to the creation of new residential and commercial space. Successful property project development requires in-depth knowledge in various areas. This includes an in-depth understanding of the property market and knowledge of building regulations,

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Sustainability report: transparency and responsibility

Sustainability reporting is a central element of modern corporate management. It enables companies to systematically record and communicate their performance and strategies in the areas of environmental, social and governance (ESG). This form of reporting has become considerably more important in recent years, as companies are increasingly recognising and accepting their responsibility in environmental and social matters. Sustainability reporting covers a wide range of topics, including climate protection, resource efficiency, working conditions and diversity,

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The differences between language models in AI

Language models are a central element of artificial intelligence (AI) and enable the processing and generation of natural language. They analyse and reproduce linguistic structures and patterns. Areas of application for AI language models include machine translation, text creation, speech recognition and chatbot development. This technology enables machines to communicate in a human-like manner and perform complex linguistic tasks. AI language models utilise various techniques and algorithms for language processing. They are based on statistical or rule-based approaches and require extensive training data. Despite the wide range of possible applications

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Efficient contract management according to §2b UStG

The introduction of Section 2b of the German Value Added Tax Act (UStG) has a significant impact on contract management in legal entities under public law. This paragraph regulates the VAT treatment of services provided by legal entities under public law. In contract management, this means that public law entities must review their activities for their VAT relevance. This applies in particular to services that are provided within the scope of public authority, as well as co-operations between public institutions. The correct

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Increasing efficiency in facility management

Efficiency in facility management is a key factor in optimising operating costs, increasing productivity and improving customer satisfaction. Efficient facility management ensures optimal utilisation of resources and smooth workflows. In addition, an efficient facility management strategy can help to minimise environmental impact and promote sustainability. Efficiency in facility management is therefore an essential component for the long-term success of a company. In order to increase efficiency in facility management, a thorough analysis of the

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The most important corporate management tools

Corporate management tools are essential aids for the effective management and control of companies. They cover various areas such as strategic planning, organisational structure, human resources, controlling, innovation management and risk management. These tools enable managers to optimise company performance, reduce risks and ensure sustainable success. The importance of corporate management tools for a company's success is undisputed. They provide managers with the necessary means to make informed decisions and improve performance. The targeted use of these tools can

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Corporate management theories: Fundamentals and Applications

Management theories are systematic approaches to the effective management and administration of organisations. They encompass various concepts and models that have been developed over time to help managers optimise their management practices. These theories are closely linked to the disciplines of business administration and organisational psychology and have continuously evolved to meet the changing demands of the business world. The importance of business management theories lies in their ability to provide managers with a

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The Chief Privacy Officer: protecting privacy in the company

The Chief Privacy Officer (CPO) is a central management position in organisations responsible for the protection and security of data. The main tasks of the CPO include: 1. developing and implementing data protection guidelines 2. ensuring compliance with applicable data protection laws 3. promoting data protection awareness within the company 4. training employees in data protection issues The CPO works across departments to integrate data protection aspects into all areas of the company. As the point of contact for external data protection authorities, the

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Corporation tax: Tax burden for companies

Corporation tax is a direct tax levied on the profits of corporations and other legal entities. It represents a significant source of income for the state and contributes substantially to the financing of public tasks. The assessment basis for corporation tax is the taxable income of the company, which is calculated in accordance with specific tax regulations. In Germany, the corporation tax rate has been a uniform 15 per cent since 2008. In addition, a solidarity surcharge of 5.5

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Use cases for low-code and no-code platforms

Low-code and no-code platforms are innovative application development technologies that simplify and accelerate the development process. Low-code platforms enable the creation of applications with minimal manual programming effort, while no-code platforms do not require any programming at all. These technologies are becoming increasingly important in the business world as they increase efficiency and reduce development costs. The platforms offer user-friendly interfaces with drag-and-drop functionality, ready-made components and integrations to other systems. This also enables employees without extensive

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Legacy software: upgrade or replace?

Legacy systems play a central role in the modern corporate landscape and form the foundation for numerous business processes. These systems, which have often been in use for decades, have established themselves as reliable and robust platforms. They house critical company data and processes that are essential for smooth business operations. Many organisations rely on legacy software to run their day-to-day operations and achieve strategic goals. Because of their importance in areas such as ERP,

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Effective customer relationship management: CRM for success

Customer relationship management (CRM) is a central component of corporate strategy. It involves the systematic collection, analysis and use of customer data to optimise business relationships. CRM systems enable companies to track and control customer interactions across various channels. This enables companies to create individualised offers and improve customer service. Effective CRM has been proven to increase customer satisfaction and loyalty. Studies show that satisfied customers are more likely to make repeat purchases and that

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Effective corporate governance: an overview

The importance of effective corporate management is a key factor in the success of organisations. A well-managed organisation can achieve its goals efficiently, increase employee motivation and ensure long-term success. Effective leadership involves the ability to define clear goals, develop strategic plans and optimise the use of company resources. In addition, creating a positive working environment is essential to encourage employees to perform at their best. Effective leadership plays a key role in the sustainability of a company.

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Efficiency through organisation: the Clean Desk Policy (CDP)

The Clean Desk Policy (CDP) is an organisational policy implemented in companies and institutions to ensure the security of confidential information and promote an efficient working environment. This policy stipulates that employees must leave their desks tidy and free of sensitive materials at the end of each working day. The main objectives of the CDP include: Protecting confidential data: By putting away sensitive documents and locking computers

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ITIL V3: Effective IT service management

ITIL V3, also known as IT Infrastructure Library Version 3, is a comprehensive framework for IT service management. It was introduced in 2007 and serves as a guide for the effective planning, provision and support of IT services in organisations. The framework is based on best practices and processes derived from years of experience and expertise. ITIL V3 focuses on delivering high-quality IT services that meet business needs while optimising costs.

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Improve your customer relationships with SAP CRM

Customer relationships are a key factor in a company's success. A well-maintained customer relationship has been proven to lead to higher customer satisfaction, greater customer loyalty and increased sales. By building long-term relationships, companies can gain the trust of customers and encourage repeat purchases. Positive customer relationships also favour referrals, which helps to attract new customers. Implementing effective strategies to manage and maintain customer relationships is therefore essential for companies. A proven tool for improving customer relationships is the

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