Solution · SAP
Properties and non-property assets in one moduleSolution overview
SAP Real Estate Management (SAP RE-FX) is designed for large, multi-division companies and retail chains that share properties, such as land and buildings, and non-property assets, such as rail cars, equipment and vehicles, which are leased to tenants and used by the company.
SAP RE-FX supports asset management from several angles: financial (viability review), technical (inspections), plant maintenance, project portfolio management, budgeting, and sales (lease contract clearance). It optimizes operations and improves cost control.
Our experience
Our experience covers approximately 20 successful implementations, development projects and SAP RE-FX integrations across industries: production companies, shopping centers, mining services, investment banking, real estate, financial services (ATMs), telecom and government enterprises, in Singapore and abroad.
Benefits of using SAP RE-FX
Cost reduction
Reduces administrative and accounting costs of property and non-property management through ERP integration, document management solutions and service provider relations.
Database consistency
A single, consistent database with reliable information about property performance, including cost vs. income analysis and investment profitability reviews.
Time-saving and simplicity
Access to best business practices in property and non-property management, drawing on international implementation experience.
Better process lifecycle management
Streamlines the property and non-property lifecycle, and makes it easier to pass knowledge on to new employees.
Enhanced property management
A complete view of the process: investment planning, implementation monitoring, space management, contracts, taxation, maintenance, administration and reporting.
Improved data reporting
An all-inclusive tool for real estate data control and reporting, while keeping to company policies.
A proven solution for IFRS 16 leasing
The SAP Flexible Real Estate module (SAP RE-FX) is available in both SAP ECC and SAP S/4HANA, on-premise and cloud. It needs the Business Partners functionality to record leasing contracts, which is a standard feature in S/4HANA across all modules.
Depending on the timeline of your SAP S/4HANA strategy, SAP RE-FX can be implemented in your current SAP ECC system. It is S/4HANA-compatible and can be migrated easily to your future SAP S/4HANA system. If you are already migrating to S/4HANA, implementing SAP RE-FX can be the next step on your transition roadmap.
Frequently asked questions
What is SAP RE-FX?
SAP RE-FX (Real Estate Flexible Management) is an SAP ERP module that simplifies real estate asset management, including lease handling, property management and space planning. It optimizes operations, improves cost control and gives insights for strategic real estate decisions.
Tecxed explains SAP RE-FX in a broader context, covering not only real estate properties but also equipment within building assets, such as elevators, fire alarms and telecommunications (TELCO) equipment in residential condominiums.
What is SAP Real Estate?
SAP Real Estate is a software solution for managing lease agreements, property portfolios and space optimization. It is part of the SAP RE-FX module, streamlines financial processes and supports data-driven decisions, so that assets are used and perform at their best.
How to renew a contract in SAP RE-FX?
- Access the contract: Open the existing contract in SAP RE-FX.
- Review contract details: Make sure all necessary information is up to date.
- Initiate renewal: Start the renewal process by selecting the right option.
- Update terms: Change lease duration, rental rates and other relevant details.
- Save changes: Update the contract details and generate the necessary documents.
- Obtain approvals: Secure approvals from the relevant stakeholders.
- Communicate terms: Notify the parties involved of the new terms.
- Update status: Change the contract status to reflect the renewal.
- Adjust financial entries: Make the necessary financial adjustments in line with IFRS.
Talk to us about SAP RE-FX
Tell us about your property and lease portfolio and we will show you how SAP RE-FX can fit your business.
Email sales@tecxed.com
