What is participation group in SAP RE-FX - Flexible Real Estate Management?

SAP Term: participation group

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Identification of a group of rental objects that participate in service charge settlement. Both the assignment of the group to a settlement unit and the assignment of rental objects within the group are time dependent. The following object types can be assigned to a participation group, and thereby participate in service charge settlement: Business entity Building Land Rental object Participation group

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• Key Concepts: 
  A participation group is a feature of the RE-FX Flexible Real Estate Management component of SAP. It is a way to group together multiple real estate objects, such as buildings, land, and other assets, into a single entity. This allows for easier management and reporting of the real estate portfolio. 
  
  How to use it: 
  To create a participation group, you must first define the objects that will be included in the group. This can be done by entering the relevant data into the system. Once the objects have been defined, you can then create the participation group by assigning it a unique ID and name. The objects can then be assigned to the group and the group can be managed as a single entity. 
  
  Tips & Tricks: 
  When creating a participation group, it is important to ensure that all of the objects included in the group are related in some way. This will make it easier to manage and report on the real estate portfolio. Additionally, it is important to ensure that all of the objects are up-to-date and accurate before assigning them to the group. 
  
  Related Information: 
  For more information on participation groups in SAP RE-FX Flexible Real Estate Management, please refer to SAP Help documentation or contact your local SAP representative.