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.- 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.”
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