Show TOC

 Flexible Real Estate Management (RE-FX)

Purpose

This component fulfills the requirements of real estate management by providing a comprehensive view of all business transactions related to it.

  • Management of real estate

    The dual view of master data (architectural view and usage view) lets you easily create and manage all types of real estate objects (business entity, land, building, rental unit, rental space, rental room).

  • Contract management

    The real estate contract lets you manage all contracts related to your real estate portfolio:

    • Real estate contracts of the lease-in category (such as, commercial, internal, residential)

    • Real estate contracts of the lease-out category (such as, commercial, internal, residential)

    • General customer contracts (such as, service contracts with the tenant)

    • General vendor contracts (such as, maintenance contracts with a service provider)

    • G/L account contracts (such as, for posting reserves for service charges)

    • Security deposit agreements

      You can assign any number of rental objectsfrom different business entities, buildings or company codes to any one contract. When defining conditions and other contract terms, you can group the assigned objects together into object groups .

  • Space management

    Space and room management takes account of unusual architectural structures, usage considerations, as well as technical amenities and features. You can define spaces flexibly and rent them (extracting them from a larger available space). In addition, data exchange with external graphic systems allows you to visually represent your real estate objects.

  • Lease-in

    The credit-side view of the lease-in process lets you control cash flows to the landlord and posting of expenses.

  • Control of business processes relevant to real estate

    The following important processes in the management of real estate are integrated in the component:

    • Asset management postings and reports

    • Real estate controlling (cost planning/intercompany activity assignment/cost settlement/profit center accounting)

    • Planning and controlling of new building developments, maintenance and modernization projects

    • Purchase order processing and commitments management for the operation and maintenance of real estate

Notes on Implementation

Caution Caution

Before using this component you should read Making Basic Settings .

End of the caution.

Integration

To use Flexible Real Estate Management (RE-FX), you need to install the following SAP application components:

  • Financial Accounting (FI)

  • Controlling (CO)

In addition to these, you can use other SAP application components to support your work.

For more information, see Integration with Other Components