SAP Turns Market Challenges Into Revenue Building Blocks For Commercial Real Estate Management
SAP® Real Estate Management Sets New Benchmarks for Revenue Generation and Compliance Management for the Global Marketplace
BOSTON, Mass. - June 05, 2007 - Continuing its heritage of providing commercial real estate companies with improved control and insight into their organizations and portfolios, SAP AG (NYSE: SAP) today announced that real estate managers can turn new market challenges, such as globalization and economic downturns, into measurable advantages by utilizing SAP® Real Estate Management. Offering an integrated technology solution that allows real estate companies to manage the entire life cycle of facilities, SAP helps companies to increase margins and portfolio growth during tough market conditions. Celebrating more than 30 years of providing advanced technology, SAP currently services more than 650 real estate customers worldwide. The announcement was made at Realcomm 2007, being held in Boston, June 3–5.
By providing strategic business insights, SAP Real Estate Management helps companies to identify and take advantage of opportunities, leveraging customer relationships to identify additional revenue opportunity and executing throughout the full facility life cycle. The end-to-end solution further enables real estate managers to manage processes that support the acquisition and disposal of assets. It also addresses one of the most pressing technology challenges for the real estate industry: the consolidation and management of all assets and portfolio products into one single system. Delivering up-to-the minute information across the entire enterprise, SAP Real Estate Management provides companies with a solid foundation for improved decision making, allowing them to react quickly, prepare for market changes and adapt to the new demands of globalization.
“As businesses face economic downturns, market globalization and complex compliance needs, real estate managers are challenged with more demanding revenue-generating and cost-cutting objectives,” said Keith Peterson, senior vice president, Real Estate, Construction and Homebuilding Industry, SAP. “By leveraging more than 30 years of industry experience, SAP continues to equip real estate managers with innovative IT tools to adapt their business strategy to market changes, allowing them to minimize risks and increase revenues.”
SAP will be showcasing commercial real estate and compliance solutions for the real estate industry at booth 613 at Realcomm 2007, being held in Boston, June 3–5.
About SAP for Commercial Real Estate Industry
SAP® Real Estate Management, along with the supporting SAP® Business Suite applications, helps commercial real estate companies gain improved control and insight into their organizations and portfolios. Addressing a variety of industry-specific requirements, the application supports all phases of the life cycle of real estate assets, including the acquisition and disposition of real estate, management of the real estate portfolio itself, as well as support processes such as management accounting, lease administration and reporting. With more than 650 real estate customers in 50 countries worldwide, SAP delivers a comprehensive set of features and functions for portfolio growth and expansion into additional revenue-generating service lines throughout the entire life cycle of a company’s real estate assets. (Additional information at http://www.sap.com/solutions/business-suite/erp/realestate/index.epx)
About SAP
SAP is the world’s leading provider of business software*. Today, more than 39,400 customers in more than 120 countries run SAP® applications—from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.” (Additional information at <http://www.sap.com>)
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
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