Stumbling blocks

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Exculpation in facility management: legal aspects

Legal aspects are of central importance in facility management, especially when it comes to issues such as exculpation and discharge of debt. The challenges resulting from responsibility for buildings and infrastructures require a deep understanding of the law as well as precise evidence in order to be able to successfully defend oneself in the event of claims or liability. This is where exculpatory evidence comes into play: a crucial element that enables facility managers to demonstrate their innocence [...]

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The 10 most common mistakes in accounts receivable accounting

Accounts receivable is a crucial area in every company that is often overlooked. It ensures that money flows and the company's liquidity remains secure. However, despite its importance, errors in accounts receivable are not uncommon. In fact, small inaccuracies or misunderstandings can have a major impact on the financial health of the company. Not only is it annoying, but it can also lead to serious financial bottlenecks. A common mistake is

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10 mistakes when implementing CAFM software - and how to avoid them

Implementing CAFM software can be both a great opportunity and a challenge for facility managers. They are often faced with the difficult task of optimising numerous processes while ensuring that everyone involved is familiar with the new system. Unfortunately, there are some common mistakes when implementing facility management software that should be avoided to ensure the success of the project. Whether you are an experienced facility manager or a novice

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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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10 accounting mistakes that could ruin your business

Accounting is the backbone of every company, but it also harbours a number of pitfalls that can cause even the most experienced entrepreneur to falter. A surprising number of companies are confronted with serious accounting errors that not only result in financial losses, but can even jeopardise the existence of the company. In this article, we take a look at the ten most common accounting mistakes to avoid - and how you can ensure

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10 common mistakes when choosing CAFM systems (and how to avoid them)

Choosing the right CAFM system can feel like choosing the perfect holiday - there are so many options that it's easy to lose track ("Honey, would you rather go to Bielefeld or the Maldives?"). While you're thinking about the latest CAFM solutions, you might be imagining how your facility management could run more efficiently and smoothly. But before you dive into the next adventure of digital building management, you should

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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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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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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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