Dear,
Following is the difference between RE and Flexible RE.
Flexible RE- This component fulfills the requirements of real estate management by providing a comprehensive view of all business transactions related to it.
u2022 Management of real estate-The dual view of master data (architectural view and usage view) lets you easily create and manage all types of real estate objects (business entity, land, building, rental unit, rental space, rental room).
u2022 Contract management-The real estate contract lets you manage all contracts related to your real estate portfolio:
¡ Real estate contracts of the lease-in category (such as, commercial, internal, residential)
¡ Real estate contracts of the lease-out category (such as, commercial, internal, residential)
¡ General customer contracts (such as, service contracts with the tenant)
¡ General vendor contracts (such as, maintenance contracts with a service provider)
¡ G/L account contracts (such as, for posting reserves for service charges)
¡ Security deposit agreements
You can assign any number of rental objects from different business entities, buildings or company codes to any one contract. When defining conditions and other contract terms, you can group the assigned objects together into object groups.
u2022 Space management-Space and room management takes account of unusual architectural structures, usage considerations, as well as technical amenities and features. You can define spaces flexibly and rent them (extracting them from a larger available space). In addition, data exchange with external graphic systems allows you to visually represent your real estate objects.
u2022 Lease-in-The credit-side view of the lease-in process lets you control cash flows to the landlord and posting of expenses.
u2022 Control of business processes relevant to real estate
The following important processes in the management of real estate are integrated in the component:
u2022 Asset management postings and reports
u2022 Real estate controlling (cost planning/intercompany activity assignment/cost settlement/profit center accounting)
u2022 Planning and controlling of new building developments, maintenance and modernization projects
u2022 Purchase order processing and commitments management for the operation and maintenance of real estate
RE- This component maps the requirements of Real Estate Management in a general overview of the relevant business transactions:
u2022 Management of real estate
Creating and managing all objects required for the management of real estate (business entity, property, building, rental unit, rooms).
u2022 Lease out
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.
u2022 Third-party management
Supporting third-party management of real estate through to the settlement of fees or the costs and owner revenues.
u2022 Lease in
Credit view of the rental process for controlling the cashflows to the landlord and incoming expenses.
u2022 Control of business processes relevant to real estate
Integration of 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
Hope this helps you.
Rgds
Nilesh
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