If you've read the news lately, there will soon be a lot of available real estate. Why? Because the retail landscape is changing, and leaving a lot of excess 'capacity'. That means there are going to be a lot of corporate real estate managers who wish they had a system to manage these assets.
That leads to the question - just what requirements should a commercial real estate management software meet?
Broadly speaking, there are 8 functionality areas any commercial real estate software must provide:
- Real Property & Lease Management
- Space Management
- Furniture & Equipment Management
- Project Management
- Strategic Master Planning
- Capital Budgeting Management
- Overlay with Design Management for AutoCAD and Revit or other types of design software
- Hoteling Applications
Within these broad application areas, there are a multitude of related requirements.
To be truly effective, a software that meets these requirements must provide a high level of integration not just among these modules, but among a variety of other modules within the ERP environment and deep integration into a variety of other systems, such as banks, credit reporting agencies, travel agencies, market platforms and many others.
In order to help our clients, we've put together a comprehensive Real Estate functionality requirements guide which is available by pressing the button. It is based on a variety of real projects where SAP REFX was ultimately chosen as the software provider. We hope you'll find it usef.
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