SAP Real Estate Software Philippines
Having a real estate software, efficient asset and lease management is an essential part of operating any real estate portfolio. Makeup of the portfolio, if it is composed of office, retail, industrial, or multi-family sites will determine the type of site and lease information that needs to be captured and will influence business processes that will need to take place. Inefficiencies in process and lack of data transparency can result in excessively high operating costs, inaccurate strategic decisions, and tenant dissatisfaction that can have a direct effect on the bottom line of a company
Property management in real estate is quite possibly the most challenging part of running a real estate business if you do not have the proper real estate software to use. This involves the management of personal property, equipment, tooling, and physical capital assets gained and used to build, repair and maintain end item deliverables.
This is where having a good real estate management system comes in handy. SAP provides software for real estate developers to meet all of your needs in regards with real estate. It can assist you with the following business transactions in real estate:
- Management of real estate
An integral part of real estate software should help you create and manage all objects needed to manage your real estate business — business entity, property, building, rental unit, rooms.
- Lease out
It assists you with all of the ongoing processes from creating the lease-out to the rent adjustment, rental accounting, rental settlement through to contract notice, and the final rental unit inspection.
- Third-party management
It gives you good support on third-party management of real estate through to the settlement of fees or the costs and owner profits.
- Lease in
It provides credit view of the rental process for controlling the cash flows to the landlord and incoming expenses.
- Control of business processes relevant to real estate
It integrates the following important processes in the management of real estate:
- Assets management postings and evaluations
- Real estate controlling (cost planning/inter-company activity assignment/cost settlement/profit center invoicing)
- Planning and controlling new developments, maintenance tasks, modernization tasks
- Purchase order processing and commitments management for the operation and maintenance of real estate
- Evaluation mechanism
It evaluates and reports real estate master data and postings to help you with management decisions and supply end users with the information they need.
Real estate management system, therefore, should cover planning and execution of planned or unplanned maintenance, modernization measures, and new development in the real estate industry.
Another feature that should be included in an efficient real estate system is ordering of materials for maintenance of the energy supply or the maintenance of real estate. A good system should also contain proper planning of a project for complex maintenance and investment measures while observing commonly experienced risk factors.
An additional factor that can give you advantages by having real estate software is its ability to interface fixed asset management for value-based management and treatment of fixed assets.
By having the SAP software for real estate developers, you can also integrate data, not only with your asset management, but also with accounting and billing so it’s also like having an integrated accounting software. You can monitor all of your revenue through the ERP system to see to it that you do not miss out on any transactions that occur, as well as the money going out. Purchase orders, inventory of assets, and processing of sales to after sales are easily traceable through generation of reports to ensure the quality of all your transactions, as well as your business operation, which in turn, help you and your clients.
An overview of SAP for Real Estate