Optimize your real estate portfolio and automate recurring lease administration activities with SAP Real Estate Management rapid-deployment solution
Do you lack insight into your real estate portfolio? Are you missing out on potential lease and sales opportunities? Are you faced with inefficient process flows between portfolio management, lease administration, building maintenance, business partner management and accounting activities? Are your investment projects or maintenance expenditures running over time and budget?
If so then maybe the SAP Real Estate Management rapid-deployment solution is the answer to your problems.
With the SAP Real Estate Management rapid-deployment solution, you can quickly and affordably implement and automate real estate-related business processes, letting you manage the entire real estate lifecycle in a strategic way that optimizes returns for your business. The solution provides support for end-to-end construction and investment management, lease and space management, and maintenance and repair. You can develop, construct, operate, and deploy property and make costs more visible and controllable, so you can successfully face challenges from compliance, sustainability, and competitive pressure.
The solution comprises 3 scope items supporting key processes in real estate lifecycle management:
Investment and Construction
Overseeing acquisition and construction projects means deciding whether, where, and when to buy, construct, or lease property and then monitoring the budget, completion times, and scope of your project. Automating collaboration with suppliers, including the bidding and award process, can save time and keep you on top of key project dates. SAP solutions help asset managers keep acquisitions and construction projects of all sizes on track while helping executives align projects with corporate strategy. The software links investment planning and property acquisition with construction project management and the procurement of related materials and services. Controlling features support real estate managers in planning, assessing, and settling costs and revenues for real estate objects in the property portfolio. Reporting features give real estate and asset managers essential information on real estate objects, contracts, and related processes, facilitating strategic and operative decision making.
Lease and Space Management
It is particularly important that you manage leases efficiently, minimize expense lease payments, meet lease-out deadlines, maximize income leases, and gain full visibility on your real estate portfolio. To improve lease performance and increase space utilization, you must carefully plan and monitor costs and revenues, track space utilization, and view critical dates in real time. You must also streamline key lease and space management processes as much as possible. The SAP Real Estate Management rapid-deployment solution enables you to:
- Handle assigned rental space, automate calculation of rents, manage periodic postings, and provide payment details
- Monitor critical dates on your leases, such as lease notifications and renewals
- Escalate rents based on price indexes and settle contingent rents
By leveraging reporting functions, you can make better lease and space management decisions that optimize the performance of your portfolio.
Maintenance and Repair
Effective maintenance and repair management can help you avoid budget overruns that cut into your margins and bottom line. Automating manual, paper-based processes for repairs and maintenance saves time and money. The right support can also help you accurately track energy consumption across your various facilities. SAP solutions help you integrate, streamline, and automate facilities operations and increase process and spending visibility. They make it easier to:
- Monitor budgets via alerts and sophisticated reporting
- Create, process, and monitor maintenance and repair orders using standard processes that improve service levels
- Collaborate electronically with service providers
- Automatically process vendor invoices
- Report energy consumption and related costs for each facility
Armed with integrated functionality and timely insight, you can proactively keep projects within budget, lower processing overhead costs, consistently fulfill service-level agreements, and allocate energy consumption by location.
The SAP Real Estate Management rapid-deployment solution is available for companies of all sizes, running SAP ERP Financials on SAP ERP 6.0, EhP 5.
Rapid Deployment - Implement in 9 weeks
The SAP Real Estate Management rapid-deployment solution is a preconfigured software solution based on SAP’s best practices for SAP Real Estate Management that offers rapid delivery using SAP Consulting’s proven methodology. Full, comprehensive documentation for implementing the software supports the end-to-end process, including pre-configuration for real estate management processes based on productive use of financial accounting (general ledger, accounts payable and receivable, asset accounting) and controlling and on future use of plant maintenance, with options to use materials management (purchasing and services) or human resources (mini master) or both. The solution gets you up and running with key processes in 9 weeks. The so-called step-by-step guide provides users with presentation and training material, best practice documentation, qualification and scoping questionnaires, as well as other project-related documents.