What is calculation formula in SAP RE-FX - Flexible Real Estate Management?

SAP Term: calculation formula

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: The basis for determining the condition amount. &EXAMPLE& Reference area in m²

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• Key Concepts: 
  Calculation formula is a feature of the RE-FX Flexible Real Estate Management component of SAP. It allows users to define and manage formulas for calculating values such as rent, taxes, and other fees associated with real estate management. The formulas can be used to automatically calculate values for a variety of scenarios, such as lease renewals or rent increases.
  
  How to use it: 
  To use the calculation formula feature, users must first define the formula they wish to use. This can be done by entering the formula into the system and then assigning it to a specific scenario. Once the formula is defined, it can be used to automatically calculate values for that scenario.
  
  Tips & Tricks: 
  When defining a calculation formula, it is important to ensure that all variables are correctly entered into the system. This will ensure that the formula produces accurate results. Additionally, users should test their formulas before using them in production scenarios to ensure that they are producing the desired results.
  
  Related Information: 
  The calculation formula feature is part of the RE-FX Flexible Real Estate Management component of SAP. Other features of this component include lease management, contract management, and asset management. Additionally, there are several other components of SAP that can be used in conjunction with RE-FX Flexible Real Estate Management to manage real estate assets.