Sep 21, 2018 the sap solution for lease contract management is based on the sap flexible real estate module sap refx, which is integrated with sap fi, co and aa. Please note that this is not endorsement of any product or a company. Configuring master data management in flexible real estate. Create and manage all types of real estate objects, including business entity, land, building, rental unit, rental. Sap erp central component financials logisticals human resources. Sap real estate management is a fullfeatured, integrated solution for managing real estate. They learn selected configuration settings for selected processes within sap real estate management flexible real estate management.
Accrual and deferral process in flexible real estate management re fx applies to. Sap flexible real estate management by daithankar is a fullfeatured book that integrates refx with controlling co, plant and maintenance pm, crm, sap aa. Run compliance readiness checks and configure your leasing system. I am looking for a pdf document that can help me understand how this sap real estate management in erp can be configured to give the client more information about the business. Not able to see the valuation tabs after activation of. We also implement ifrs 16 to help you get compliant with this pending financial standard. Enterprise resource planning erp and financial management sap. Sap refxla lease accounting sap has developed an integrated solution refxla that simplifies compliance with us gaap asc842 and ifrs 16 lease accounting standards leasing property nonmovables other than property equipment, movables lessor sap real estate management enhanced for ifrs 16 and us gaap asc 842. Summary this article aims to give an introduction to sap flexible real estate management and also summarize the configurations required in the master data in flexible real estate module in sap. Any sap refx consultant who wants to configure the master.
Architectural usage view of rental objects flexibility to assign number of rental objects wbs elements buildings in one single contract. Access a dual view of master data, with an architectural view and a usage view. The sap solution for lease contract management is based on the sap flexible real estate module sap refx, which is integrated with sap fi, co and aa. Become an intelligent enterprise by connecting all departments and functions with one integrated system. Learn saps real estate management integrated solution to effectively. Jan 23, 2014 what is the scope of flexible real estate management. What is the scope of flexible real estate management.
Sap refx experts ifrs 16 gis integration dms autocad. Solution implementation based on sap real estate flexible functionality. Jan 30, 2015 sap real estate management helps in enhancing the presence of real estate companies in the market, users can look forward to reducing costs, compliance risks and consumption of energy. For more information on refx you can read the release notes available on sap s help portal. The participants become familiar with best practices on how to use re fx for their business needs. What functions does sap flexible real estate management offer. Img basic settings activate real estate extensions the following indicators have to be setup t o be able to use the functions of flexible real estate management in the r3. The flexible real estate module comes under the accounting part in sap and can be accessed in easy access and spro as given in screenshots below.
Sap provides pdfbased sample forms in flexible real estate management. Flexible real estate is available as of r3 enterprise financials extension set 2. To be able to use the functions of flexible real estate management in the sap ecc enterprise extension, the configurations have first to be made for the basic settings. Sap refx for compliance with leasing standard asc 842. Management of real estate the dual view of master data architectural view and usage view lets you easily create and manage all types of real estate objects business entity, land, building, rental unit, rental space, rental room. Solution blueprinting property and contracts registry management sap customervendor accountingfiapar management accruals management sap accruals engine customising sap system customization configuration of highlighted business processes. Paul jones, rjt compuquests director of presales, showcases sap for real estate management in this three part series. The real estate master data in sap flexible real estate management is able to capture extensive details about real estate, such as location, size, market value and usage of a given property for commercial, residential or recreational purposes. Sap can call you to discuss any questions you have. It is a common myth that sap refx is a better fit only for leasing companies which have huge real estate assets.
Any consultant who wants to configure the service charge settlement settings for user requirements in sap flexible real estate management re fx module sap ecc 6. Configuring service charge settlement in flexible real. Sap refxla lease accounting sap has developed an integrated solution refxla that simplifies compliance with us gaap asc842 and ifrs 16 lease accounting standards leasing property nonmovables other than property equipment, movables lessor sap real estate management enhanced for ifrs 16 and us gaap asc 842 sap leasing. Service charge settlement contains the functions for settling all service charges for real estate. Lease administrators can attach all leasing documents to the sap. The video demonstrates the look and feel of a live real estate. This sub module to the core refx is by itself composed of. Sap real estate manage ment enables close collaboration between the lease administrator, lease accountant and fixed asset accountant. Sep 04, 2018 the real estate master data in sap flexible real estate management is able to capture extensive details about real estate, such as location, size, market value and usage of a given property for commercial, residential or recreational purposes. Flexible real estate management refx purpose this component fulfills the requirements of real estate management by providing a comprehensive view of all business transactions related to it. To know the flexible real estate master data, firstly we will need to know there are two views existing in refx. Hi, sap refx module will provide solution to real estate business and its related day to day activities. The new lease accounting standard made easy with deloitte and sap.
Configuring service charge settlement in flexible real estate management re fx applies to. Contract management real estate search, real estate contract, conditions, condition purpose, calculation methods real estate financials account determination, flow types, invoice creation. Sap sdn forum real estate this forum is an opportunity to ask questions and share knowledge and experiences around sap real state solution, including development and implementation. Apply to 209086 sap flexible real estate management re fx module jobs on, indias no. For more information, visit the enterprise resource planning homepage. Sap real estate is with r3, if you have r3 license that more then enough, but if you are going. Within the sap r3 enterprise extension set, user would need to activate the financials extension application code eafin. Dec 20, 2016 sap real estate management is a fullfeatured, integrated solution for managing real estate. Configuring master data management in flexible real estate management re fx applies to. To use the new solution, you first need to activate the financials extension set eafin for all clients and then activate the real estate extension for each individual client.
Service charge settlement in sap s4 hana flexible real estate management is to distribute apportionable costs that arise during a particular settlement period to the tenants. Sap s4hana finance 1809 online training day 1 16012019 sap s4hana finance 1809 introduction. Pdfbased forms are the type of form now recommended. It is important to know that its not necessary to implement and define the entire sap refx module. This article explains the process of accrual deferral for customer contracts with amounts. To use flexible real estate management refx, you need to install the following sap application components. Difference between classic re and refx real estate. I have created a contract type and assigned to the screen sequence mentioned in the documentation of the new \balance sheet evaluation\ regcce. The participants learn detailed configuration settings for selected processes within sap real estate management flexible real estate, and become familiar with best practices on how to use refx for their business needs. Soluzione sap real estate flexible linkedin slideshare. They access the same lease record, with all calculations being based on the terms and conditions of the abstracted lease. Sap flexible real estate management by daithankar is a fullfeatured book that integrates refx with controlling co, plant and maintenance pm, crm, sap aa ssset accounting, and sap ps. Here we have implemetes ifrs 16 in flexible real estate management in classic ledger. Sap flexible real estate management by jayant daithankar get sap flexible real estate management now with oreilly online learning.
Jun 07, 2018 this is an educational demo of how sap refx can be used for compliance with the new leasing standards. Sap flexible real estate management by daithankar, jayant ebook. Implement sap refx and succeed by improving roi on. Sap refx experts provides value driven consulting for sap flexible real estate implementations. What is sap real estate management cont is already successfully used by customers in about 20 industries in more than 40 countries. Flexible re this component fulfills the requirements of real estate management by providing a comprehensive view of all business transactions related to it 1. The sap flexible real estate module sap refx can be implemented in both sap ecc and sap s4hana. The main component is flexible real estate management refx which is the actual, uptodate product for real estate business. Real estate standard reports quick reference guide page 2 of 9 architectural objects access access the transaction using transaction code reisao. In real estate module, there is nothing called licensing as far as i am aware.
Supports globalization trend and growth into new markets. In a broad sense it can be mentioned that it covers the following settings. Sap flexible real estate management re fx module jobs. Sap abap application component refx flexible real estate. Jan, 2010 flexible re this component fulfills the requirements of real estate management by providing a comprehensive view of all business transactions related to it 1. The dual view of master data architectural view and usage view lets you easily create and manage all types of real estate objects business entity, land, building, rental unit, rental space, rental room. The real estate objects, contracts, space, leasein, and business process capabilities in sap real estate management. You can monitor the resulting processes and change them, if necessary, in contract processing. Mar 02, 2018 land use management in sap flexible real estate refx is one of the many sub modules of the flexible real estate solution offered by sap. Flexible real estate management module is more advanced and refined module by sap. Sap real estate management rem and its business benefits. If using the web version of sap, type in the command box n and then the transaction code. Jayant daithankar with real world, practical examples, screenshots, menu paths, and transaction codes, this fullfeatured, handson book covers sap s real estate management integrated solution enabling effective. In the contract, you enter the rules for the term of the contract and for giving notice.
You will refer to real world, practical examples to illustrate configuration concepts and processes, and learn in an interactive, handson way through the use of screenshots, menu paths. Sap customizing implementation guide flexible real estate management enterprise extension contract contract type. The solution supports all phases of the life cycle of real estate assets, including the acquisition or disposal of real estate, management of the real estate portfolio itself, property and technical management, and support processes like management. Hi, we have activated sap flexible real estate with the function ce01 for ifrs16. Now what is happening,wot we give unit price in condition,system calculates with duration of the contract and calculate the contract value and liability amount becomes equal to it. The older version classic real estate is referred to as old solution, and the new version flexible real estate is referred to as the new solution. Customer is currently using microsoft dynamics and. The master data offers a dual view an architectural view and a usage view. Configuring service charge settlement in flexible real estate. Sap flexible real estate management jayant daithankar apress. The new lease accounting standard made easy with deloitte.
Any organization whishing to implement the flexible real estate management in sap. Jumpstart your leasing project with this guide to sap lease administration by nakisa and sap flexible real estate management. Technology platforms make adoption and innovation simpler. List of sap re flexible real estate managementrefxreportsall tables and the relationships between them. Learn saps real estate management integrated solution to effectively manage the. You will configure sap refx for business scenarios covering solutions from. Sap flexible real estate management jayant daithankar. The real estate contract lets you manage all contracts related to your real estate portfolio. Flexible real estate management refx sap help portal. The entire sap real estate training session is executed on virtual platform and classes can be joined with flexihour advantage. Ifrs16 lease standard sap solution through real estate. May 24, 2016 the entire sap real estate training session is executed on virtual platform and classes can be joined with flexihour advantage.
The use of one of these solutions provides all the requisite functionality to support the lease management requirements arising from the new standard. The big idea solutions like sap flexible real estate and sap lease administration by nakisa, with. Financial accounting fi controlling co in addition to these, you can use other sap application components to support your work. Master data management configurations are available in spro under. Land use management with sap flexible real estate refx. Sap01 sap overview ehp5 col95 2009q5 new added re200 flexible real estate management implementation col952010latest re200 flexible real estate management advanced col922009 re200 flexible real estate management 2007q3 ecc 6. Management of real estatethe dual view of master data architectural view and usage view lets you easily create and manage all types of real estate objects business entity, land, building, rental unit, rental space, ren. There were some restriction in classic re that you must have an re objects before you can create a contract. Why sap refx is a futureproof solution for ifrs 16 leasing.
In this blog, i would like to bust the myth and elucidate the benefits of refx implementation across various industries sectors to improve roi on corporate assets. There exists also an older product, named re classic, that is in use by customers. Sap real estate management is the name of the real estate solution by sap. Learn saps real estate management integrated solution to effectively manage the real estate portfolio at your organization. You will refer to real world, practical examples to illustrate configuration concepts and processes, and learn in an interactive, handson. May 10, 2017 keytech sap real estate fx permette di gestire per ogni singolo contratto di locazione gli adempimenti fiscali legati ad esso, ovvero. Sap flexible real estate management by daithankar is a fullfeatured book that integrates refx with controlling co, plant and maintenance pm, crm, sap aa ssset accounting, and sap ps project systems. Is made for professional real estate managers as well as corporate real estate managers includes about 15 years experience of sap with real estate software. Sap real estate management helps in enhancing the presence of real estate companies in the market, users can look forward to reducing costs, compliance risks and consumption of energy. Sap abap application component refx flexible real estate management nederlands dutch english francais french deutsch german italiano italian japanese korean polski polish portugues portuguese russian. This module requires the use of the business partners functionality for recording your leasing contracts, which is a standard functionality in s4hana across all modules.
It rules over classic version with following benefits. Configuration document for basic settings sap refx sap. If you use pdf based forms for real estate correspondence, your system firstly check the. Then perform transition accounting and manage your leases the right way. For more information, see integration with other components. Classic real estate is available in releases sap r3 and sap ecc up to sap erp 6. In the command field, enter re80 or go to sap menu accounting flexible real estate. Re200 flexible real estate management sap training. Real estate master data architecture and usage, business partner master data.