SAP Real Estate Management (SAP RE-FX) solution is designed for big, multi-division companies and retail chains, which share a multitude of storage areas provided to lessees and utilised by those companies (warehouses, plants, points of sales). SAP Real Estate Management (SAP RE-FX) aids in asset management in a financial (viability review), technical (reviews), and sale (lease contracts clearance) sense.
SAP has recognized the competence of Hicron in the area of SAP Real Estate Management solution with a title SAP Recognized Expertise. In order to receive this certification, we were required to submit customer references with good or very good opinions on cooperation and prove qualification in a form of certifications and trainings in this particular area.
We have been focusing on integrating systems with new environments, designing dedicated cockpits to automate booking processes, as well as developing and supplementing the standard functionalities of SAP RE-FX. The challenges we have accepted include integration of SAP solutions with the IFRS16 standard, in response to amendments introduced by the International Accounting Standards Committee on 1 January 2019
We opted for SAP and Hicron in order to achieve a high level of integration between a specialized application and our processes and value transfers
noted one of our clients, justifying their choice of Hicron as implementation partner. The customer evaluated the competence of our company as “very satisfactory”.
Thanks to an integration with Microsoft Office tools, SAP RE–FX solution can be used directly in communication with customers and contractors working at particular facilities. There is also an option to generate dynamic Excel reports or MS Word correspondence, which facilitates SAP RE–FX data.
Paweł Kresak
Managing Partner, Hicron
SAP RE–FX is a solution successfully used by companies representing many industries, including:
What all these companies have in common is their multitude of sites, warehouses, plants, divisions or stores located in own or rented facilities. SAP Real Estate Management facilitates property management, which in turn encourages cost reduction connected with real estate maintenance and to estimate the profitability of particular sites. SAP Real Estate Management solution enables the realisation of business objectives in companies of different business profiles, depending on their preference.
PKP owns almost sixty thousand real estate objects. In order to streamline administrative processes, the company needed a powerful and intuitive solution. It was looking for a “mobile knowledge base” on facilities – so that an employee operating in the field could quickly receive a set of information about a given building or plot of land.
The price was not the only thing that mattered during the procedure. There were also criteria related to experience and an appropriate project team.
Cyfrowy Polsat Capital Group was looking for a provider with experience in undertaking complex projects in Real Estate area and who would have a vision of how the IFRS16 solution should be integrated with external solutions in such complex environment.
We have been cooperating with Hicron as our provider of SAP solutions in the field of managing properties for many years. We have a very professional and involved in-house team and rigorously defined requirements and these are our solid pillars for our cooperation.
Because of its huge and complicated technical infrastructure combined with rental, lease, and energy costs, one of Hicron’s Swiss clients felt the need to implement effective real estate management software – SAP RE-FX.
Due to the architecture of the Client’s system, it was necessary to ensure the consistency of data entered into SAP, sent to individual properties, and integrated with Business Partner data. The biggest challenge was the storage and unification of bank accounts. It was necessary to design a path to verify whether the bank accounts of a property correspond to those linked to the contract in the Business Partner.
We have carried out over 20 SAP Real Estate Management projects for large customers in Germany, Switzerland, Poland, Czech Republic. Apart from implementation and development of SAP RE-FX solutions, we implemented such projects as:
Customer references and certification SAP Rccognized Expertise in Real Estate Management confirm our international experience and competence in the field of SAP RE-FX.
