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Overview of SAP Real Estate Management Functionality

SAP Real Estate management system can be tweaked based on the unique needs of your real estate business. <br>

AdamMacdonald
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Overview of SAP Real Estate Management Functionality

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  1. Overview of SAP Real Estate Management Functionality

  2. SAP S/4 HANA for contract, lease and real estate is a financial integration that’s natively compatible with SAP S/4 HANA. This specialized integration is meant for the real estate industry, helping companies in this field to manage their business operation in an organized way. • SAP RE FX has three broad solutions that support the Real Estate business management process • Real Estate Object Management • Space Management • Contract Management

  3. Real Estate Object Management • SAP acknowledges the fact that when it comes to real estate, it’s not just buildings that are considered real estate objects. The land, a group of buildings, the office space- all can be termed as real estate. SAP RE FX, which is an important functionality of SAP industry solutions, allows the creation of all kinds of real estate objects.

  4. Logical Space Management In SAP RE FX SAP gives a nice construct to how real estate companies manage spaces. • There is the concept of ‘Pooled Spaces’ from which real estate companies extract spaces to rent. • Spaces that are extracted from the Pooled Space are called Rental Spaces. SAP suggests that the usage type of Rental Space should ideally be the same as that of the Pooled Space. • Then there is the concept of a Rental Unit that can be rented as a complete object.

  5. Contract Management • SAP offers an entirely flexible contract management functionality in its RE FX integration for SAP S/4 HANA. For example, you can club office spaces of multiple offices in a single contract. The system offers a user-friendly platform to manage contracts related to any lease-in and lease-out transactions. 

  6. Contact Silver Touch Technologies- the Reliable SAP Partner • SAP Real Estate management system can be tweaked based on the unique needs of your real estate business. This is where Silver Touch Technologies comes in. We empower real estate businesses to get the most out of SAP RE FX. Remember, SAP RE FX does not natively support buying and selling real estate assets. Our SAP Business One integration solution makes adding such custom functionality possible. • Contact us today and free your real estate business from the shackles of business process complexities.

  7. Get in Touch with us • Silver Touch Technologies Canada Email: Info@silvertouch.ca Phone: +1 (647) 829 2482 Website: www.silvertouch.ca

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