Profitability

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Sales optimisation: Successful strategies for more sales

Sales optimisation is a key aspect of a company's success. It enables companies to increase their sales, improve their market position and increase their competitiveness. An efficient sales strategy aims to market products and services specifically to the relevant target group and thereby achieve sales targets. Optimised sales can also strengthen customer loyalty and build lasting business relationships. By introducing efficient sales processes, companies can reduce their operating costs and [...]

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The importance of corporate strategy

Corporate strategy is a central concept in strategic management and describes a company's long-term plan for achieving its goals and securing sustainable competitive advantages. It encompasses the definition of the company's fundamental direction, the allocation of resources and the coordination of activities across different business areas. An effective corporate strategy is based on a thorough analysis of internal strengths and weaknesses as well as external opportunities and risks. It takes into account factors such as market trends, the competitive landscape, technological

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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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The importance of the IT infrastructure library

The IT Infrastructure Library (ITIL) is an internationally recognised framework for IT service management. It was developed by the British government in the 1980s and has been continuously updated ever since. ITIL provides a systematic approach to the provision and management of IT services. The framework consists of five core areas: Service Strategy Service Design Service Transition Service Operation Continuous Service Improvement These areas cover the entire lifecycle of an IT service, from strategic planning to continuous optimisation. ITIL defines

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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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Property management: tips and tricks

Property management plays a crucial role in the administration of property and land. It encompasses a variety of tasks that ensure the property is properly managed and retains its value. These include letting properties, maintaining and repairing buildings, complying with regulations and legislation, bookkeeping and communicating with tenants and owners. Effective property management can help to increase the value of the property,

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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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The advantages of a planning and construction management application

The automation of processes is an essential part of increasing efficiency in companies. By using technologies such as artificial intelligence, machine learning and robotic process automation, repetitive tasks can be automated, resulting in significant time savings. Employees can thus focus on more challenging and strategic tasks instead of wasting their time on monotonous activities. In addition, automation enables processes to be carried out more quickly, which reduces response times to customer enquiries.

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What is the difference between property and facility management?

Property management and facility management are two important areas in the property sector that are often confused with each other. Both play a crucial role in the management and maintenance of property, but have different responsibilities and tasks. In this article, we will take an in-depth look at the definitions, differences, common goals and importance of property and facility management for property owners and occupiers. Definition of property management Property management refers to the

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What is a Connected Portfolio Intelligence Platform (CPIP) for finance?

A Connected Portfolio Intelligence Platform (CPIP) for organisations in the financial sector or with in-house asset management is a technology solution specifically designed to support asset managers and investment professionals. This platform seamlessly integrates a variety of functions, including comprehensive portfolio management, investment analysis and data-driven decision-making tools, within a unified system. It plays a critical role in the investment sector by providing real-time insights and analytics to help optimise investment strategies. Through its

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The importance of M&A transactions

Mergers and acquisitions (M&A) are corporate transactions in which companies merge or take over each other. In a merger, two companies combine to form a new entity. An acquisition occurs when one company acquires another and controls its business activities. M&A transactions can take various forms, including mergers, takeovers, participations and joint ventures. These can take place both nationally and internationally and have a significant impact on the economic structure. M&A activities are an integral part of

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Facility management during construction: efficient building management

Construction-related facility management refers to the administration and management of buildings throughout their entire life cycle, from the planning phase through to utilisation and maintenance. It includes the coordination and monitoring of various services, such as cleaning, security, maintenance, energy supply and waste management, to ensure that a building is operated efficiently. The aim of facility management during construction is to extend the service life of a building, optimise operating costs and increase comfort.

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Successful project management: tips and tricks

Project management is an important process in companies that is used to plan, organise, control and monitor complex tasks in order to achieve the desired goals. It is crucial as it helps companies to use their resources efficiently, minimise risks and improve the quality of their products or services. In addition, project management enables a clear definition of responsibilities and tasks, which leads to better teamwork.

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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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Optimising operating costs: tips for greater efficiency.

Operating costs are the costs that a company has to incur for the operation of its business activities. These include expenses such as rent, energy costs, maintenance costs and insurance. Optimising these operating costs is very important for companies as they can have a significant impact on profitability and competitiveness. This article presents various ways to optimise operating costs, including energy efficiency, efficient use of resources, use of technology, regular operating cost reviews, outsourcing, sustainability and staff training. The importance of

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Cost accounting: Efficient costing for companies

Cost accounting is an essential part of business accounting and plays a crucial role for companies. It makes it possible to analyse a company's cost structure and understand how resources are used. Cost accounting helps companies to control their costs, improve their efficiency and make informed decisions. In this article, we will take a closer look at cost accounting and examine its various aspects. Key Takeaways Cost accounting is important

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Income statement: the most important key figures

The profit and loss account (P&L) is an important tool for assessing the financial performance of a company. It provides information about a company's income, expenses and profit or loss for a given period. Knowing and understanding the P&L is critical for business owners to evaluate the financial health of their company and make informed business decisions. Key Takeaways A profit and loss statement shows financial performance

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