Effective real estate asset management is key for organizations seeking to optimize their operations and lower costs.
SAP Real Estate, a cloud-based property and real estate management solution, was created to address the multifaceted challenges of maintaining effective commercial, residential, and global real estate portfolio management strategies.
Read on to learn more about the top features and strategic advantages of SAP Real Estate and how our expert SAP consulting services can help you maximize your investment.
What Role Does SAP Play in Real Estate Management?
SAP’s intelligent real estate management solutions assist businesses in consolidating all commercial and residential real estate operations into a single system, limiting time-consuming and complex leasing, property administration, and space management tasks.
Utilizing preconfigured user experience tools, financial integration, and advanced digital technologies enables users to manage every aspect of the real estate lifecycle, from construction outcomes and design collaboration to risk mitigation and maintenance scheduling.
SAP Real Estate solutions help users:
- Maximize open and rentable space
- Observe, reveal, plan, and enhance energy and sustainability profiles of building portfolios to ensure a sustainable future for companies
- Deliver high-quality projects by combining project teams and experiences
- Leverage technology-driven resources for logistics, planning, and procurement
- Grasp global real estate portfolios, tracking the performance of all locations and dynamic business needs
- Hire talent with appropriate functional and technological skills
Key Benefits of SAP S/4HANA for Lease, Contract, and Real Estate Management
Single source of truth for contract management
Users can manage all real estate portfolio contracts, such as lease-in/lease-out and vendor and customer contracts, in a single location.
Enterprise-wide real estate data integration
With SAP S/4HANA and other third-party integrations, users can link ERP-based processes with real estate best practices to streamline business workflows.
Transform portfolio insights into actionable steps
Take advantage of the integrated blend of specialized real estate and facility management with comprehensive ERP and finance solutions to gain broader portfolio insights. By making more informed decisions, users can enhance portfolio performance and drive greater enterprise-wide value.
Enhanced sustainability of real estate holdings
Build sustainable property portfolio management strategies that boost efficiencies by utilizing strategic analytics functionality.
Improve the workplace experience
Implement enterprise-ready solutions to track and coordinate workspaces, services, and technology across locations. Build and adapt to new work models, from human resources management to desk booking, to improve the employee experience.
Deliver enterprise-wide efficiency and reduce costs
Execute top-quality workplace and real estate operations to improve the user experience. Prioritize improving efficiencies and lowering costs while reducing CO2 emissions and energy consumption.
Achieve intelligent, sustainable buildings
Effortlessly link devices, assets, and information sources for effective data capture and performance tracking. Limit ecological footprints by creating data-driven insights, building IoT data, and managing financial impacts. Ensure compliance by reporting and disclosing information according to regulatory requirements and standards.
Key Features of SAP Real Estate Management Solutions
Here’s a look at the main components of SAP Real Estate for users:
Contract Management
- Ensure compliance with lease accounting regulations, such as IFRS 16, GASB 87, and ASC 842.
- Assign multiple rental objects from various business locations, entities, or company codes to a single contract.
Maximizing Space
- Define and lease spaces freely by separating them from a larger available area.
- Leverage data integration with external graphic systems to visually represent real estate objects.
- Consider unique architectural structures, technical amenities and features, and usage requirements.
Real Estate Objects Management
- Obtain a dual view of master data with options for usage and architectural visualizations.
- Build and track various real estate objects, such as land, buildings, business entities, rental units, rental rooms, and rental space objects.
Sophisticated real estate management
- Centrally manage building master data in the cloud to enhance portfolio performance and occupant satisfaction.
- Combine SAP S/4HANA for contract, lease, and real estate management with SAP Cloud for SAP Intelligent Real Estate integration.
Consolidated business operations
- Track commitments for real estate maintenance and purchase order processing.
- Incorporate asset management transactions and reports, real estate controlling, new building planning, construction, supervision, maintenance, and renovation projects.
Embedded Security and Technical Features
Security
Business process security
Meet regulatory obligations and support compliance.
Cloud delivery choices
Foster a seamless transformation while adhering to compliance and security requirements.
Data security
Consistently maintain data integrity and confidentiality.
Risk and threat mitigation
Boost improvements across business units and associated operations.
Technical
Integration
Integrate SAP modules with your existing IT ecosystem.
Configuration
Utilize the SAP Configuration Guide to maximize the configuration of your SAP products.
Setup and installation
Follow setup guidelines to implement and use SAP software confidently and quickly.
How Can We Help?
Whether you’re looking to implement a cloud-based, integrated solution to combat existing real estate challenges, need a consultant to help facilitate successful integrations between products, or just want an extra set of eyes to review your current SAP ecosystem, Surety Systems can help.
Our senior-level, US-based SAP consultants have the functional expertise and experience to understand your unique project needs, maintain effective communication routes, and maximize your technological investments.
Contact Us
Are you interested in learning more about the SAP Real Estate module or where our expert SAP consultants can fit in your organization?
Contact us today.
