IS-RE Real Estate Management

IS-RE Real Estate Management

Purpose

This component represents the requirements of Real Estate Management to provide an overall view of the related accounting transactions:

Management of real estate

Entering and managing all objects required for the management of real estate (business entity, property, building, rental unit, rooms).

Rental processes

General processes from creating the rental agreement over rent adjustment, rent accounting and rent settlement up to canceling the contract and inspecting the rental unit.

Third-party management

Supporting third-party management of real estate up to the settlement of fees or the costs and revenues to the owner.

Controlling business processes relevant for real estate

Integration of the basic processes which occur in the real estate environment:

Assets management postings and evaluations
Real estate controlling (cost planning/inter-company activity assignment/cost settlement/profit center invoicing)
Planning and controlling new developments, maintenance tasks, modernization tasks
Purchase order processing and commitments management for the operation and maintenance of real estate

Evaluation mechanisms

Evaluating and reporting real estate master data and postings to support management decisions and inform the end user.

Integration

Necessary R/3 components

To use this component, you need to have the following R/3 components installed:

Financial Accounting
Controlling

Supporting R/3 components

Function you require	Components or parts thereof required
Planning and execution of planned or unplanned maintenance, modernization measures or new development in the real estate area	Plant Maintenance (PM)
Ordering of materials aimed at upholding the energy supply or the maintenance of real estate	Materials Management (MM)
Planning of complex maintenance and investment measures while observing commonly experienced risk factors	Project System (PS)
Value-based management and treatment of fixed assets.	Asset Accounting (FI-AA)
Internal control function via profit center	Profit Center Accounting (EC-PCA)