Corporate Real Estate Management in the Digital Economy
Our current way of living, working and conducting business has created a growing demand for connectivity to mobile networks, an explosion of big data with the Internet of Things, and constant technology innovations. Working in our offices and making our offices work is not excluded from this transformation – with corporate real estate being at the core of not only being an ecosystem of enterprise, but also of multiple global operations, partners, technologies and solutions. Efficiently managing a complex corporate real estate portfolio requires simply connected IT solutions to ensure data consistency in each location, accessible via a user-friendly interface from all over the world.
To cut the amount of paperwork, e-mails and excel sheets and have the right information at their fingertips, SAP provides a new solution for CFOs and real estate managers:
SAP Cloud for Real Estate provides centralized information for an organization’s corporate real estate portfolio. It has strong financial integration, provides analytics, and is easily connected through the cloud to web applications. Built on the SAP Cloud Platform, this solution assists CFOs and corporate real estate managers in answering key questions regarding space utilization, facility costs, portfolio composition, and partner collaboration through a beautiful, customer-grade user experience from anywhere on any device.
Increase Space and Contract Performance
SAP Cloud for Real Estate currently offers options for Location Management and Contract Management, which can be licensed and used together or separately.
The Location Management option in SAP Cloud for Real Estate gives real estate and location managers insights into their real estate landscape:
- Obtain comprehensive visualization of buildings in your multinational property portfolio alongside capacity and costs performance indicators in one concise view
- Manage space planning for better organizational productivity
- Leverage integration capabilities to gain real-time financial insights
- Access the most important contract details on building level
Contract Management provides support for lease administrators and location managers in tracking and maintaining leases and associated costs:
- Evaluate lease performance
- Gain quick access to contract and attachments
- Perform contract simulations for renewals and break options
- Access cost data associated with each contract
- Comply with new leasing regulations IFRS 16 and US GAAP ASC 842
The solution was developed at the SAP Innovation Center in Potsdam and co-innovated with major German corporations as well as partners from the start-up scene. Co-Innovation customer BOSCH for instance has been there to ensure user-centric outcome; designing an accurate software for a specific user group. Start-Up LEVERTON from Berlin contributes to efficient handling of contracts and abstraction of leasing contracts tackling new accounting regulations IFRS 16 and US-GAAP ASC 842 through Machine Learning. Munich-based NavVis on the other hand increases the consumer-grade user experience through 3D indoor visualization for simplified navigation and space planning.
The combination of established trust advisors and the ideas of bright urban entrepreneurs have enabled the creation and release of a user-centric, simple-to-use solution meeting today’s needs of those, whose job it is to create the best possible work environment for our own jobs. With the help of SAP, corporate real estate managers are now in the cloud, too – and it’s nice up here.