SAP Re-fx
SAP Real Estate Management (SAP REFX) solution is designed for big, multi-division companies and retail chains, which share a property (land, Building, etc.) and non-property (Rail Cars, Equipment, Vehicles, etc) provided to lessees and utilized by those companies. SAP Real Estate Management (SAP RE-FX) aids in asset management in a financial (viability review), technical (reviews), Plant Maintenance, Project Portfolio Management along with Budgeting and sale (lease contracts clearance) sense. It optimizes operations and enhances cost control.
SAP RE-FX Real Estate Management Solutions Providers
SAP Real Estate Management (SAP RE-FX) solution is designed for big, multi-division companies and retail chains, which share a property (land, Building, etc.) and non-property (Rail Cars, Equipment, Vehicles, etc) provided to lessees and utilized by those companies. SAP Real Estate Management (SAP RE-FX) aids in asset management in a financial (viability review), technical (reviews), Plant & Maintenance, Project Portfolio Management along with Budgeting and sale (lease contracts clearance) sense.
Our experience includes around 20 implementations, development and SAP RE-FX integration projects completed in production companies, shopping centers, mining services, investment banking, real estate, financial services (ATMs), telecom and state enterprises in Singapore & abroad.
Benefits of using SAP RE-FX
Cost Reduction
Reduction of administrative and accounting costs related to property and non-property management (ERP system integration, document management solutions, service providers relations)
Database Consistency
Single, consistent database, reliable information about property effectiveness (reporting, the cost versus income overview, investment profitability analysis)
Timesaving and simplicity
Access to Best Business Practices in property and non-property management resulting from our international experience in implementing this solution
Better process lifecycle management
Organizing the property/non-property lifecycle management process and easy transfer of knowledge to subsequent employees
Better property Management
SAP Real Estate Management gives a full picture of the property management process: from investment planning, through implementation monitoring, area management, contracts, taxes, maintenance, administration, to reporting
Better data reporting
SAP Real Estate Management (SAP RE-FX) is a complete tool for controlling and reporting data in real estate and provides security for compliance of property/Non-property management with company procedures in all aspect.
Sap Re-fx Is A Proven Solution For Ifrs 16 Leasing
The SAP Flexible Real Estate module (SAP RE-FX) can be implemented in both SAP ECC, SAP S/4HANA on-premise & cloud. This module requires the use of the Business Partners functionality for recording your leasing contracts, which is standard functionality in S/4HANA across all modules.
Depending on the timescale of your SAP S/4HANA strategy, you can already implement SAP RE-FX in your current SAP ECC system. It is S/4HANA-proof and can easily be migrated to your future SAP S/4HANA system. If you are already migrating to S/4HANA, the implementation of SAP RE-FX can also be the next point on your implementation roadmap.
Frequently Asked Questions
What is SAP REFX?
Tecxed explains the REFX in a broader way. This means inclusive of equipment included within the building asset such as Lifts, fire alarms and other machinery such as TELCO equipment in a residential condominium.
What is SAP real estate?
How do I renew a contract in SAP REFX?
- Access the contract, review details.
- Initiate renewal, update terms.
- Save changes, generate documents.
- Obtain approvals, communicate terms.
- Update status, maintain record.
- Adjust the financial entries or make provisions for it under IFRS.