Real Estate Holdings Reach Higher Ground with Industry-Specific ERP from SAP
WALLDORF, Germany - September 20, 2006 - SAP AG (NYSE: SAP) today announced strong customer adoption of SAP® Real Estate Management, enterprise software for monitoring and operating real estate holdings. From commercial real estate developers to leading corporations with global holdings, increasing numbers of companies are gaining the benefits of this industry-specific software that is fully-integrated in mySAP™ ERP, SAP’s flagship enterprise resource planning (ERP) application.
SAP customers citing success with SAP Real Estate Management include Canadian railway company CN; London Borough of Waltham Forest; and Rodamco, the largest listed retail property company in Europe. (See attached addendum for details.) These companies as well as SAP customers DEGEWO, Edelweiss, Shell International Petroleum Company, VVO and Metro Asset Management will be demonstrating the benefits gained from the deployment of the application at the International SAP Real Estate Management Conference, being held in Rome, Italy, October 11 – 13.
SAP Real Estate Management provides tools to support the administration of commercial and corporate real estate and offers:
- Full support of the real estate life cycle, including property acquisition and disposal with contract management and project management capabilities
- Complete insight into the portfolio, with numerous functions for tracking information on the architectural aspects, fixtures and fittings, and usage of the real estate, as well as information on business partners and land registry
- Business process automation to optimize contract management and standardize service management
- Close integration with the financials and logistics functions of mySAP ERP
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