Flexible Real Estate Management (RE-FX) (SAP Library - Flexible Real Estate Management (RE-FX))

Flexible Real Estate Management (RE-FX)

Purpose

This component maps the requirements of Real Estate Management while giving you a general overview of the relevant business transactions:

Management of real estate

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

Contract management

Management of all contracts related to real estate management using the real estate contract:

Real estate contracts of the lease-in category (commercial, internal, residential)
Real estate contracts of the lease-out category (commercial, internal, residential)
General customer contracts
General vendor contract
G/L account contracts

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

Space management

Space and room management, which takes account of architectural structures, usage features as well as technical structures. You can define ("extract") spaces and rent them. In addition, data exchange with (external) graphic systems allows you to visually represent your real estate objects.

Lease-in

Credit view of the rental process for controlling the cash flows to the landlord and incoming expenses.

Control of business processes relevant to real estate

Integration of important processes in the management of real estate:

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

Implementation Considerations

Note that Customizing settings have to be made for Flexible Real Estate Management:

Customizing ® Flexible Real Estate Management (Enterprise Extension)

Integration

R/3 components required

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

Financial Accounting (FI)
Controlling (CO)

Supporting R/3 components

Function you require	Required components or component parts
Planning and execution of planned or unplanned maintenance, modernization measures or new development in the real estate area	Plant Maintenance (PM)
Ordering of materials for maintaining the energy supply or the maintenance of real estate	Materials Management (MM)
Value-based management and treatment of fixed assets	Asset Accounting (FI-AA)
Internal control function using Profit Center Accounting	Profit Center Accounting (EC-PCA)