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Budgeting

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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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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The most important advantages of a rolling forecast for small companies

Accurate financial planning is essential for SMEs. A rolling forecast, also known as a rolling forecast, has proven to be an effective method to help companies remain flexible and adaptable. In contrast to static budgeting approaches, a rolling plan enables continuous adjustment of financial forecasts and provides a dynamic overview of future developments. But what are the specific benefits of a rolling forecast for small businesses? Let us

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Efficient cloud management and cost optimisation

Efficient cloud management is crucial in today's digital landscape. Organisations that rely on cloud services not only benefit from the flexibility and scalability that these technologies offer, but also need to ensure that they are making the best use of their resources. Well-structured cloud management enables organisations to control their IT costs and maximise the performance of their applications while minimising security risks. At a time when data is growing exponentially and the

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Fix and flip properties: Successful renovation and sale

The property search is a complex process that requires careful planning and research. Firstly, investors should define their specific requirements in terms of location, size, facilities and property type. A thorough market analysis of the target region is essential in order to make informed decisions. Estate agents and online platforms can be valuable resources for property searches. When selecting a property, it is important to consider long-term perspectives. This includes assessing future developments in the neighbourhood, infrastructure projects and

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Effective project budgeting: tips and tricks

Project budgeting is an essential part of project management. It is used to precisely plan, monitor and control the financial resources of a project. Accurate budgeting is essential to ensure compliance with the financial framework conditions and to achieve the project objectives at the same time. Through careful budget planning, financial bottlenecks can be identified at an early stage and proactively addressed, which increases the overall efficiency of the project. Efficient project budgeting enables the optimal allocation of financial resources by ensuring that

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Efficient property management with CAFM software

CAFM software (Computer Aided Facility Management) is a specialised software solution for the efficient management of properties and buildings. It offers facility managers a comprehensive platform for organising and optimising all building-related processes. The main functions of CAFM software include: 1. maintenance management 2. maintenance planning 3. space planning and management 4. resource management 5. energy management 6. contract management 7. budgeting and cost controlling CAFM software centralises all relevant building data and information, resulting in an improved overview and more efficient decision-making.

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Facility management software: Efficient management solutions

Facility management software is a specialised technology solution for the efficient management and optimisation of company resources and infrastructures. This software provides a centralised platform for managing real estate, facilities and other operational resources. It enables the effective planning of maintenance work, the optimisation of resource utilisation and the reduction of operating costs. A key benefit of facility management software is the improvement in operational efficiency and productivity. Through the automation of processes and the

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What are the challenges of maintaining buildings and systems?

The maintenance of buildings and facilities is an essential part of facility management. It comprises all technical, administrative and organisational measures to maintain or restore the functional condition of properties and technical facilities. The main tasks include preventive maintenance, inspection, repair and improvement. The importance of maintenance extends to various sectors such as industry, commerce and public facilities. It contributes significantly to value retention, operational safety and energy efficiency. Modern maintenance concepts take into account

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Simplify maintenance with a CMMS

A Computerised Maintenance Management System (CMMS) is a specialised software solution for optimising and managing maintenance processes in companies. It serves as a centralised system for planning, coordinating and monitoring maintenance activities. CMMS solutions aim to increase the efficiency of maintenance, reduce downtime and maximise the service life of equipment. Typical functions of a CMMS include Maintenance planning and scheduling Management of spare parts and inventory Recording and documentation of maintenance data Generation

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What is a CMMS - All about Computerised Maintenance Management Systems

A Computerised Maintenance Management System (CMMS) is a specialised software solution for optimising and managing maintenance processes in companies. It serves as a centralised system for planning, coordinating and monitoring maintenance activities. CMMS systems enable the precise tracking of maintenance work, efficient spare parts management and the detailed analysis of maintenance data. CMMS solutions are used in various industries, including manufacturing, healthcare, property management and transport. They offer a wide range of functions

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Real estate profit centre accounting and profitability in FM

The property profit centre calculation is a key tool in facility management for assessing the profitability of properties. It enables a transparent presentation of the costs and income of a property, which facilitates well-founded decisions. Various types of costs are taken into account in the calculation, including maintenance, operating, administration and financing costs. These are compared with income from rental income, utility bills and other sources. As a controlling tool, the property profit centre calculation is used to analyse and optimise the profitability of properties. In an environment of rising

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Efficient property management: tips and tricks

Efficient property management is essential for the optimal operation of residential and commercial properties. It coordinates all aspects of property management, including maintenance, repairs, tenant communication and budgeting. Professional management preserves property value and increases tenant satisfaction. It also ensures compliance with legal and regulatory requirements and minimises potential liability risks. Effective property management is based on careful planning and organisation. Its tasks include the administration of rental agreements, the monitoring of incoming payments and the management of the property.

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Checklist: Frontloading in the planning and construction process

Frontloading is an important process in the planning and construction process that aims to optimise the planning and preparation of construction projects. The term "frontloading" refers to the idea that much of the planning and preparation work is carried out in the early stages of the project to ensure that all important decisions are made and all potential problems are identified before the actual construction project begins. This approach enables risks to be minimised, costs to be

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Project planning: Successful strategies for efficient projects

Effective project planning is crucial to the success of a project. It makes it possible to clearly define and organise the objectives, milestones and resources. Careful planning allows potential risks and problems to be recognised and avoided at an early stage. In addition, good project planning helps to increase the efficiency and productivity of the team, as clear task allocations and schedules are created. Last but not least, structured project planning contributes to this,

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Increased efficiency through CAFM and IWMS - cost optimisation in building management

Efficient building management is of great importance to ensure the smooth operation of buildings. In today's digital world, there are various technologies and systems that can help make this task more efficient. Two such systems are CAFM (Computer Aided Facility Management) and IWMS (Integrated Workplace Management System). In this article, we will take a closer look at these systems and how they can improve efficiency in facility management. Key

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The balance sheet: a success factor for companies

A balance sheet is an important tool for companies and investors to assess the financial health of a company. It provides an overview of a company's assets, liabilities and equity at a specific point in time. A meaningful balance sheet is crucial for a company's financial planning and budgeting and can help investors make informed decisions. Key takeaways A balance sheet is an overview of the net assets, financial position and results of operations of a company.

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Bookkeeping: Tips and tricks for bookkeeping according to recognised standards

Want to improve your bookkeeping skills and set your business up for financial success? We'll cover the key components of good bookkeeping, common mistakes to avoid and how bookkeeping can help your business make sound financial decisions. Discover the benefits of outsourcing bookkeeping services and how proper bookkeeping contributes to the overall success of the business. From maintaining invoicing to understanding and tracking expenses, we'll give you

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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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