In today's economy, real estate is no longer regarded as a fixed cost but a strategic investment. Corporations are pressuring real estate executives to reduce the impact of occupancy costs on the bottom line and look for ways to better manage current obligations. Knowing your exposure buried in your portfolio of leases and being proactive on time driven opportunities can minimize the financial impact of those obligations. In terms of space, knowing what you need, when you will need it, and what's available, is critical to optimizing the real estate needs of your organization. As properties age or are repurposed for other use, having the tools that not only manage refurbishment projects but also make sure your organization reaps the benefit of capitalizing every dollar spent, helps ensure the efficient execution of these activities into the overall financial picture of your operations.
Oracle's Real Estate Management solution supports all
the critical activities of an organizations Corporate Real Estate operations:
Optimize space utilization by having a clear picture of the defined spaces within your facilities and being able to track not only current vacancies but also future planned vacancies, and exposing this data for use in space planning.
Proactive management of the exposure of financial and legal risks that are buried in your portfolio of active leases. Never miss a renewal again.
Automation of term execution ensuring timely payment of your financial obligations through complete integration with Oracle Payables.
Track estimated CAM payments and ensure that full credit is given by your landlord in the CAM reconciliation process.
Sophisticated facilities management capabilities that not only allow you to efficiently deal with facilities requests from your employees but allow you to take better care of the facilities themselves by creating preventive maintenance strategies to lengthen the useful lives of the facilities and the equipment within them.
Robust project management for execution of build-outs and refurbishments and other project-driven activities such as moves.
Oracle's Real Estate Management solution has the breadth to support the critical functions of any Corporate Real Estate operation. And with Oracle
Outsourcing, even companies with minimal in-house technical infrastructure can reap the benefits of the Oracle E-Business Suite through our hosted solution offering.
