To succeed in today’s global and highly competitive economy, asset optimization in real estate management
has become a strategic task. Organizations need to ensure full visibility into their property portfolio, make
informed decisions, improve portfolio performance, and reduce compliance costs. Increased global
competition has elevated the need for sophisticated solutions for handling changing consumer demands,
global workforce management, information management, compliance adherence, leasing management, and
property management more effectively. SAP Flexible Real Estate Management (SAP REFX) is a full-featured
and integrated solution enabling the effective management of real estate and greater insight into one’s
real estate portfolio. The application addresses all phases of the real estate life cycle, including real estate
acquisition or disposal, portfolio management, and property and technical management.
This book provides insights intended to make the SAP REFX journey more relevant and fruitful.
Furthermore, it can help decision makers, such as chief intelligence officers (CIOs) and chief experience
officers (CXOs), with the important tasks of creating a business case for management approval and
designing a roadmap for the organization. It also provides a comprehensive understanding of what SAP
REFX is and is useful for ensuring the preparedness of teams involved in REFX implementation and rollouts.
The book explains end-to-end real estate configurations, functional system landscapes, implementation
challenges, and post go-live precautions important for optimizing one’s investment in SAP REFX.
This book is structured as follows:
Overview of the Real Estate Industry: Evolution and Trends
Master Data Objects
Real Estate Contracts
Service Charge Settlement
Industry Best Practices
Transformation Impact of SAP REFX Implementation
Step-by-Step Guide for Configuring and Implementing SAP REFX