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Risk

Fleet management of the future: digital solutions for efficient fleets

In a world where technology is always changing, fleet management has also undergone a remarkable transformation. The days of relying on paperwork and manual record keeping are long gone. Today, we have digital solutions that not only increase fleet efficiency, but can also protect the environment and reduce costs, and the use of fleet software, combined with modern telematics solutions, enables precise vehicle management and [...]

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The 10 most common mistakes in accounts payable and how to avoid them

In the world of accounts payable, errors are not only annoying, they can also have significant financial consequences. Many companies face the challenge of organising their accounting processes efficiently while keeping costs under control. Common stumbling blocks in accounts payable management can easily lead to delays, unnecessary expenses and dissatisfied suppliers. It is therefore crucial to recognise the most common mistakes and take appropriate measures to avoid them.

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The future of on-premise software: why it will never die out

The digital landscape is changing rapidly, and many are talking about the cloud as the new king of software solutions. But while cloud services undeniably have their advantages, there is one true hero of enterprise software that will never be completely eclipsed: on-premise software. These local software solutions are not a relic of times gone by, but still offer numerous advantages that are essential for many companies today. Just imagine: Your sensitive

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How to protect your limited liability company through effective risk management

In corporate management, effective risk management is crucial for any limited liability company. Whilst many directors may be aware of the challenges posed by market developments or competitive pressures, the risk is often not recognised in its entirety. Inadequate risk management can not only lead to financial losses, but also jeopardise the reputation and future of a GmbH. It is time for managing directors of a GmbH to learn to identify risks proactively

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Error-free service charge settlement [how does it work and why is it important?]

Property accounting is a central part of property management, and error-free service charge accounting is one of the biggest challenges for property managers. To fulfil the responsibilities of a property manager, it is crucial to implement the right methods and tools to ensure transparency and efficiency in accounting. According to a survey conducted by Statista in 2023, over 60 % of property managers stated that accurate utility bills are crucial for satisfaction.

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What to do in the event of a tax audit?

In Germany, tax audits (or company audits) are a topic that is often associated with nervousness and uncertainty for companies. It is not only an obligation, but also an opportunity to check tax compliance and the efficiency of company management. During a tax audit, companies can face various challenges that need to be overcome. In order to successfully prepare for a tax audit (which will come sooner rather than later, with

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The psychology behind the hype: why people invest in cryptocurrencies

In recent years, the hype surrounding cryptocurrencies has increased significantly. More and more people are interested in investing in digital currencies such as Bitcoin and Ethereum, which is not only due to the potential profits, but also to the psychological aspects behind such investments. A survey by Deutsches Aktieninstitut shows that over 12 million Germans will have invested in cryptocurrencies by 2022. But what opportunities and risks do

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Why experts advise against Bitcoin as a business investment

In the current economic climate, companies are faced with the challenge of developing innovative financial strategies in order to remain competitive. One such strategy is the integration of Bitcoin as an alternative form of investment. However, despite the hype surrounding cryptocurrencies, there are experts who advise against Bitcoin investments for companies. There are many reasons for this, ranging from volatile market movements to tax uncertainties. According to a survey in 2023, 57% of financial experts stated that

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Are cloud-based CAFM solutions really secure?

At a time when cloud-based solutions are becoming more and more important, the question of the security of these technologies in the field of computer-aided facility management (CAFM) software arises. While innovative CAFM software providers offer undeniable advantages in terms of flexibility and cost savings, concerns about data protection and security are not negligible. According to a survey by Gartner, 70 % of respondents stated that they have security concerns about cloud-based solutions, which makes the

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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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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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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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Risk management in property development

Risk management plays a central role in property development, as it forms the basis for well-founded decisions and strategic planning. In a sector characterised by uncertainty and unpredictable market developments, a systematic approach to identifying, assessing and managing risks is essential. Property developers face a variety of challenges, including economic fluctuations, regulatory changes and technological innovations. Effective risk management enables developers to recognise potential threats at an early stage

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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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The challenges of digitalisation in Germany

Digitalisation has become a key driver of growth and competitiveness in the German economy. Companies of all sizes are increasingly integrating digital technologies to optimise processes, increase efficiency and develop innovative business models. In a globalised economy with rapidly changing markets and customer needs, digital transformation has become essential. German industry, particularly in areas such as mechanical engineering and automotive production, is increasingly implementing technologies such as the Internet of

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Financing property projects: Tips and examples

Financing is an essential component in the realisation of property projects. It includes all financial measures required for the acquisition of land, construction or renovation of property. Without adequate financial resources, the realisation of a property project is not possible. An effective financing strategy is crucial for the success of the project and the long-term value retention of the property. Various financing options must be considered and the optimum solution for the specific project determined.

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What is a multi-cloud strategy?

Flexibility and scalability are key characteristics of cloud services. Flexibility enables companies to quickly adapt their resources to changing requirements. This can include increasing storage or computing capacity to cope with peaks in demand. The scalability allows these adjustments to be made without great effort by adding or removing resources as required. Another advantage is the rapid implementation of new technologies and applications. This promotes the agility of companies and

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How does property valuation work?

Property valuation is a systematic process for determining the market value of a property. This value serves as the basis for transactions, financing and tax purposes. Numerous factors are taken into account in the valuation, including geographical location, plot size, building condition, fixtures and fittings and current market conditions. There are various recognised valuation methods, such as the comparative value method, the income capitalisation method and the asset value method. Each method is based on specific data and assumptions and is suitable for different property types and valuation purposes. The

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Efficient project management with a project schedule

An efficient project schedule is a key element for the success of a project. It acts as a guide for everyone involved in the project and enables the optimal utilisation of resources and the achievement of project goals within the specified time frame. A carefully prepared schedule supports the coordination of various tasks and milestones and ensures their timely completion. An effective schedule enables more accurate planning and forecasting of resources, costs and risks. This contributes to the reduction of delays and

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