SAP Flexible Real Estate Management

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

Accounting

Business Integration

Service Charge Settlement

Sales-Based Contracts

Industry Best Practices

Transformation Impact of SAP REFX Implementation

Step-by-Step Guide for Configuring and Implementing SAP REFX