How to settle real estate maintenance costs, allocation of profits particularly to respective branches and outlets, profitability of individual units be measured? Standard ERP system is not proficient enough in addressing these vital queries; hence, the need for a dedicated real estate management solution - SAP Real Estate Management (SAP RE-FX).
In today’s globalized and competitive environment, the most important strategy is to optimize the assets, ensure property portfolio insight, & reduction of cost, thereby enhancing the ROI & TCO for all the enterprises. To address the complete lifecycle of the realty process, evolving customer demand, workforce availability, government regulations and compliance, managing the information & data, state of the art solutions is the need of the hour. Nexus Real Estate solution encompasses the complete ecosystem from acquisition, responsibility & accountability, maintenance & control, utilization & disposition and uses the digital technologies based on industry specific Best Practices to optimize and streamline the enterprises realty processes. Our solutions are totally seamlessly integrated with back-end operations & financials which enhance the enterprises real estate performance, building management, lease accounting, and many more.
Dual view of master data- architectural view & usage view
Manage all types of real estate objects- business entity, land, building, rental unit, rental space, & rental room objects etc.
Real estate contracts of the lease-in & out category
General vendor & customer contracts
Security deposit agreements
G/L account contracts
Account for architectural structures, usage attentions, and technical amenities & features
Define spaces flexibly and rent them
Represent real estate objects visually-graphically & CAD
Comply to the accounting standards
Control cash flow & expenses
Bill customers for space occupancy
Post to internal cost centers
Costs Recovery-from any number of occupants
Our real estate solutions help the enterprises addressing their complete realty management processes, integrating directly with the finance module. With Nexus industry & subject matter knowledge, insight of over many years of experience, the solution has been designed to meet the requirements of all the enterprises in a cost-effective manner, adhering to all the accounting standards.
We offer standard solutions that can be enhanced with functional add-on to provide solutions as per the customer business requirement.
No longer required to treat financial and operational leases separately from the accounting perspective and thereby eliminating “off-balance” sheet accounting for leases. The objective of this new lease accounting rules is - increased transparency and user enablement in assessing of the organization’s leases impact on the financial position and cash flow.
Why Sap Re-Fx Is The Preferred Solution For Real Estate Users To Comply With The IFRS16 Lease Accounting Standard?
