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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 advantageous 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?

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

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

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

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

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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Digitalisation in the German healthcare sector

Digitalisation in the German healthcare sector

Digitalisation has initiated a far-reaching change in the German healthcare system in recent years. It enables more efficient patient care, improves communication between players in the healthcare sector and promotes the development of innovative treatment methods. Digital technologies allow medical data to be recorded, processed and analysed more quickly, leading to better diagnostics and treatment. The introduction of electronic patient records, telemedicine and digital health applications has the potential to significantly improve the quality of medical care.

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

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?

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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LEED vs BREEAM: The most important differences

LEED vs BREEAM: The most important differences

LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method) are two of the best-known certification systems for sustainable construction worldwide. LEED was developed in the USA and has become a leading standard for environmentally friendly buildings since its introduction in 1998. It offers a comprehensive assessment of buildings in terms of energy efficiency, water management, material selection and interior quality. BREEAM, on the other hand, has its origins in the United Kingdom

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The most important tasks of project management

Project management is a crucial part of modern management and plays a central role in the successful realisation of projects in various industries. It involves the planning, execution and control of projects to achieve specific goals within a set timeframe and budget. In a world characterised by constant change and technological progress, the ability to manage projects effectively is becoming increasingly important. Project managers must not only have sound

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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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Cloud computing: the future of data processing

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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Sustainable property development: future-proof construction projects

Sustainable property development is a concept that aims to meet the needs of the current generation without jeopardising the opportunities of future generations. This form of development takes into account ecological, economic and social aspects in order to create a balance between these dimensions. The aim is to create buildings and infrastructure that are not only functional and aesthetically pleasing, but also environmentally friendly and resource-efficient. The definition of sustainable property development therefore encompasses a variety of

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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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Increasing efficiency in facility management

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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Facility Management Trends: The future of building management

The digital transformation has brought about a profound change in facility management in recent years. By utilising modern technologies such as cloud computing, big data and artificial intelligence, facility managers can now work more efficiently and significantly reduce operating costs. These technologies enable comprehensive analyses of building data, allowing managers to make informed decisions. For example, by analysing energy consumption data, patterns can be identified that indicate inefficient systems. Such

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