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IFRS 16: New rules for leases

IFRS 16, which came into force in January 2019, represents a significant change in the accounting of leases. The standard was developed by the International Accounting Standards Board (IASB) to increase the transparency and comparability of financial reporting. Prior to the introduction of IFRS 16, companies had to distinguish between operating leases and finance leases, which often led to an incomplete presentation of financial obligations. With the new regulation, a [...]

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Energy and sustainability management: a guide

Energy and sustainability management are key issues that are increasingly driven by the challenges of climate change and resource scarcity. Companies are faced with the urgent need to increase their energy efficiency and implement sustainable practices in order to not only reduce their operating costs, but also to fulfil their social responsibility. In this context, energy and sustainability management is understood as a strategic approach that aims to optimise energy consumption, reduce emissions and minimise environmental impact.

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Top 5 CAFM software market leaders in 2024: a comparison

Choosing the best CAFM software requires a careful analysis of the current market leaders and their specific offerings. In 2024, there are five outstanding providers that stand out not only for their innovative solutions, but also for their ability to adapt to modern requirements. Planon, for example, offers comprehensive property management functionality and claims to have achieved an increase in efficiency of up to 30% for its users. Archibus stands out

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Building maintenance: Why preventive maintenance is the key to reducing costs

Building maintenance is a key aspect of facility management that is often underestimated. But did you know that preventive maintenance can save up to 30% of maintenance costs? This finding is supported by numerous studies, and it is no longer a secret that a well thought-out maintenance strategy not only increases the longevity of facilities, but can also significantly reduce operating costs. Focusing on preventative measures means identifying and minimising potential problems.

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Top 5 advantages and disadvantages of AG, GmbH, OHG, KG and sole proprietorship at a glance

When setting up a company in Germany, choosing the right legal form is crucial. Different company forms such as AG, GmbH, OHG, KG and sole proprietorship each have specific advantages and disadvantages that need to be taken into account. The decision affects not only liability and tax aspects, but also flexibility in business activities. According to a study by KfW, almost every structure has its own challenges: around 50 % of the

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Lease accounting: new rules and effects

Lease accounting is a key aspect of accounting that is of great importance to companies. It refers to the way in which leases are recognised and reported in a company's financial statements. Leasing is a widely used form of financing that allows companies to utilise assets without acquiring them directly. This can be particularly beneficial for companies that want to preserve their liquidity while gaining access to modern technologies.

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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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Top 10 CAFM software solutions for small and medium-sized companies

In today's dynamic business world, small and medium-sized enterprises (SMEs) face a variety of challenges in facility management. Efficient property management, optimising maintenance processes and ensuring energy efficiency are just some of the aspects that are in focus. One solution that is becoming increasingly important in this context is CAFM (Computer-Aided Facility Management) software. According to a study by ResearchAndMarkets, the market for CAFM software is set to grow by 2027

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Unconventional CAFM strategies that facility managers should know about

In the dynamic world of facility management (FM), it is crucial to stand out from the crowd and integrate innovative approaches. Unconventional strategies can help to not only increase efficiency, but also improve employee and user satisfaction. One way to achieve this is to integrate modern technologies such as Internet of Things (IoT) and data analytics into your CAFM management. These technologies enable more accurate monitoring of

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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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10 surprising benefits of CAFM software that you didn't know about

In today's world, where technology and efficiency are the name of the game, the importance of CAFM (Computer-Aided Facility Management) software is often underestimated. Many may think that this software only offers precise planning of maintenance work or the management of room utilisation. But far from it! There are numerous surprising benefits that can help you optimise your facility management processes and save time and money in the process. We have compiled 10

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Comparison: CAFM vs. traditional facility management methods

The world of facility management has developed rapidly in recent years, and with it the methods used to manage buildings and facilities. Traditional facility management methods, often characterised by paper documentation and manual effort, stand in stark contrast to modern solutions such as computer-aided facility management (CAFM). These new tools not only offer centralised data management, but also an increase in efficiency, which is crucial in a time of rising costs.

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The dark side of CAFM and SAP: What nobody tells you

In the world of facility management, CAFM and SAP are two dominant terms that are often mentioned in the same breath. However, while many extol the benefits of these systems, there are also less illuminated sides (perhaps even showstoppers for you) that organisations should be aware of before deciding on a solution. A comparison of "CAFM vs SAP" reveals not only differences in functionality, but also challenges in implementation and

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What is Facility Service Management?

Facility service management is a comprehensive concept that deals with the management and optimisation of buildings and their services. It encompasses a variety of tasks aimed at ensuring the functionality, safety and efficiency of facilities. The integration of various services plays a central role in guaranteeing smooth operation. You can think of facility service management as the backbone of a company that ensures that

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What is a SWOT analysis?

SWOT analysis is an effective tool that helps both individuals and organisations assess their strategic position by identifying strengths, weaknesses, opportunities and threats. This article highlights the benefits of conducting a SWOT analysis and provides a systematic process to effectively implement this analysis. It includes real-world case studies that illustrate the application of SWOT analysis, as well as recommendations for maximising the results of your analysis. Regardless of whether you are in a

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Digital transformation in Germany: opportunities and challenges

The digital transformation has become a key issue in Germany in recent years, affecting not only companies but also society as a whole. At a time when technological innovations are advancing at a rapid pace, it is crucial for Germany to adapt to these changes. The digital transformation involves not only the implementation of new technologies, but also a fundamental change in the way companies

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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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All about energy audits: increasing efficiency

An energy audit is a systematic examination of the energy consumption of a company or organisation. The aim is to assess energy efficiency and identify potential for reducing energy consumption. All relevant aspects of energy consumption are analysed, including the technologies used, the operating processes and the building structure. An energy audit can be carried out both at the level of individual buildings and at the level of entire production facilities. It usually includes a detailed

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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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