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SAP RE-FX Consulting

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 centres, mining services, investment banking, real estate, financial services (ATMs), telecom and state enterprises in Singapore & abroad.


Benefits of using SAP RE-FX

Reduction of administrative and accounting costs related to property and non-property management (ERP system integration, document management solutions, service providers relations)

Single, consistent database, reliable information about property effectiveness (reporting, the cost versus income overview, investment profitability analysis)

Access to Best Business Practices in property and non-property management resulting from our international experience in implementing this solution

Available on S4 Hana on-premise for SAP Real Estate Management and Cloud for Real Estate for the mobile solution based on Fiori, the possibility of remote process support

Timesaving and simplicity.

The project approach to property management and non-property management

Organizing the property/non-property lifecycle management process and easy transfer of knowledge to subsequent employees

Per unit cost clearance process standardization and improvement (contract and invoice generation, reports, maintenance contracts).

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

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

Integrated Solution
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.

New IFRS16 Accounting Standard Compliance with SAP RE-FX

As early as 2016, the International Accounting Standards Board (IASB) issued IFRS 16, replacing the in 2001 adapted IAS 17 Leasing rules (and in this context also IFRIC 4, SIC 15, SIC 27). IFRS 16 is effective for annual reporting periods beginning on or after 1st January 2019, with earlier application permitted (as long as IFRS15 is also applied).

With IFRS 16, it is no longer required to treat financial and operational leases differently from an accounting perspective and therefore this new leasing standard eliminates nearly all “off-balance” sheet accounting for leases. The goal of the new lease accounting rules is to increase transparency and to enable the users of financial statements to assess the impact of their organization’s leases on the financial position and cash flow directly from its balance sheet. To meet that objective, a lessee should recognize assets and liabilities arising from a lease.

Why SAP RE-FX is the preferred solution for SAP users to comply with the IFRS 16 lease accounting standard?
  • Complete contract management in one central tool
  • Direct FI/CO integration
  • Business partner integration
  • Possible to valuate different objects in one contract with different conditions
  • Multi-GAAP accounting
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