Unlock the Power of SAP RE-FX: Streamline CLM, Enhance Decision-Making & Drive Sustainable Success in Real Estate Operations.
Managing real estate assets using SAP RE-FX presents numerous challenges, from handling a large number of leases with diverse terms and conditions to navigating through complex legal regulations and accounting standards.
Our RE-FX Process Mining Celonis App was developed to empower organizations using SAP RE-FX to elevate their real estate operation, making decisions based on real-time data and achieving process efficiency that leads to sustained success.
Qiado is a Celonis Certified Partner.
Managing CLM with SAP RE-FX can be challenging
A large number of leases with diverse terms and conditions is complex and time-consuming.
Complex & Time-consuming
Poor visibility of the process makes it difficult to track expenses and identify cost-saving opportunities.
Poor Visibility
Many legal regulations and accounting standards to follow requires continuous monitoring and adjustments to avoid frauds and penalties.
Demanding
Retroactive corrections impact correct finance valuations and productivity loss.
Negative Impacts
With Qiado RE-FX Process Mining Celonis App your CLM process becomes more effective and efficient.
Anticipate and proactively take actions to avoid retroactive corrections and any changes in terms.
Act Smart
Maximization of space, cost savings and labor productivity
Maximize Resources
Identification of variations and deviations which may be indicative of errors or possible fraudulent activities.
Avoid Errors
Operational efficiency by reducing manual efforts to identify, reconcile, and correct discrepancies
Be Operational Efficient
Find out if our app is for you!
Explore the use cases below
Use Case 1
Contracts not following the right process - Valuation Rules and Posting not executed
The lack of contract valuation rules creation and posting activities visibility may lead to negative financial impacts, compliance risks, operational inefficiencies (i.e., manual efforts to identify, reconcile and correct discrepancies), delayed payments and cash flow management consequences (i.e., unposted transactions may distort cash balances)
With Qiado RE-FX Process Mining App:
Valuation Rules and posting execution Status Tracking by providing immediate visibility into potential issues.
Real-Time Monitoring:
Ability to automate the resolution by using predefined rules and minimizing manual intervention (i.e., Monitor and update Valuation Rules, Automated Alerts)
Automation:
Use Case 2
Terms and Renewals: Manual renewals with no notice active
The lack of contract renewal dates and terms visibility and the manual tracking of notices and deadlines may lead to the loss of renewal opportunities, compliance risks, operational disruptions and manual efforts that increase resource utilization.
With Qiado RE-FX Process Mining App:
Contracts and periods of renewals Tracking by anticipating upcoming renewal opportunities and proactively initiating notification workflows.
Real-Time Monitoring:
Ability to automate the renewals by using predefined rules and minimizing manual intervention and risks (i.e., Automated Alerts that trigger reminders for upcoming optional renewals without an active notice)
Automation:
Use Case 3
Rent and payment calculations can be complicated, leading to poor budget management. Managing any modification or corrections can be challenging and not acting by tracking their dates and terms can lead to missing deadlines or incurring any financial penalty.
Accounting Reconciliation: Identify inconsistencies on the Clearing Accounts and Landlord Late Payments
With Qiado RE-FX Process Mining App:
Knowing the discrepancies helps you to better comply with the accounting standards and regulatory requirements. Mapping the event to the unbalacement of the account will allow you to identify which steps are creating problems.
Real-Time Monitoring:
Increase labor productivity by easily identifying the root cause of discrepancies.
Higher productivity
With the linkage to the contract fields and changes, you can identify patterns for the changes that are the root cause of the problem (can be processes incorrectly done, bugs, ..).
Automation:
