Learn the features of SAP’s latest real estate solution, Flexible Real Estate Management (RE-FX), and see how it differs from and improves on its predecessor, RE-classic.
From a functional perspective, Flexible Real Estate Management (RE-FX) builds on RE-classic. RE-FX contains all of the basic features offered by RE-classic and in addition has many enhancements. Users have the choice of continuing with or switching off RE-classic, or implementing RE-FX. This means that you can use only one solution in one instance. For example, if a user running on RE-classic would like to upgrade to the latest version, he or she would have to deactivate RE-classic and activate RE-FX, whereas other users either new to SAP or running an SAP system without a real estate solution can activate RE-FX directly. RE-FX comes as a built-in component with an SAP ERP license, but there is an additional cost when you use it for commercial purposes.
In 2001, I worked on implementing SAP Real Estate (RE-classic) for a large automobile manufacturer in India and in 2005 evaluated Flexible Real Estate Management (RE-FX) for a large financial services infrastructure provider in the Middle East. In both cases, the documentation was not adequate and I had to go through multiple sources of information to get a start in RE-classic and RE-FX. SAP initially built this offering for commercial real estate companies, but large multinational corporations (MNCs) can also use it across industries to manage their internal real estate space.
I’ll describe how to set up RE-FX, its new technical components, and how it differs from RE-classic. Then I’ll go over some implementation and migration options.