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REAL ESTATE MANAGEMENT

Real estate companies operate in a highly competitive environment and have to meet the demands of a dynamically changing market. SAP Real Estate-Flexible (RE-FX) is a solution which helps companies maintain the competitive advantage and enhance their market position.

With the advent of SAP RE-FX module, the real estate market has gained a solution which facilitates the management of real estate assets by reflecting their structure in the SAP environment and helps companies focus on the achievement of the business goals, instead of wasting time on matters not related to core operations.

The SAP RE-FX tool fits ideally with the two key assumptions of Moore’s concept – innovation through differentiation and productivity through standardization and automation. n the same way, the integration of the SAP NetWeaver technology platform, enterprise services architecture (ESA) and a SAP ERP products creates foundations for successful real estate management by companies. This concept, however, has led to emergence of a gap between real estate owners and service providers. The rich functionalities of SAP RE-FX help to bridge the gap and drive profitability, both on the side of real estate owners and their customers.

HICRON integrates the solution with other SAP modules and third-party applications, adapts it to the requirements of the Client and helps maximize the implementation benefits. SAP RE-FX allows for integration of the real estate management software, activity planning systems, time and labor estimating systems and applications supporting facility plans and technical drawings. All data can be uploaded into SAP environment to facilitate preparation of proposals, order processing and communication between the employer and the service provider via electronic channels. As a result, the price request for quotation, order processing and invoicing will be handled in accordance with SAP rules and architecture. Moreover, thanks to integration of SAP RE-FX with such modules as, for example, FI, CO, FI-AA, PM and PS-IM, the tool offers support to virtually all business processes associated with real estate management. Allocation of maintenance and modernization costs, service costs and fixed asset charges to particular real estate assets, preparing profitability analyses for new investments, project management, cross-functional reporting and purchase planning are just a small part of the capabilities offered by SAP RE-FX.

The SAP RE-FX solution makes it easier to manage real estate assets not only for developers or property owners, but also for geographically distributed organizations with numerous locations, such as retail networks, banks, chains of restaurants, gas stations etc. For instance, the RE-FX module matches the costs of the property maintenance with the return on the same property in order to identify the most and least profitable locations. With the help of additional reporting and data visualization tools, the system suggests ways to increase profitability of particular property assets.

The management of real estate in SAP RE-FX also covers the aspects of investment and modernization planning, including profitability analyses and calculation of the return rate, on the basis of the adopted cost assumptions concerning the building and maintenance of the property under review. Dedicated functionalities support the sales of real estate and settlement of rental costs.
 

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