What is ranking in SAP (RE-FX - Flexible Real Estate Management)?

SAP Term: ranking

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A classification of the rights entered in the land register, under German law. The ranking describes the relationships of rights on the same land to each other. In the case of a forced sale, the higher ranked rights have to be recognized before those with a lower ranking. The ranking is legally determined by the sequence of the entries in the land register.

Smart SAP Assistant

• Key Concepts: 
  Ranking in SAP RE-FX Flexible Real Estate Management is a feature that allows users to assign a numerical value to a property or portfolio of properties. This numerical value is used to compare and contrast different properties or portfolios, and can be used to determine which properties are the most profitable or desirable. 
  
  How to use it: 
  To use ranking in SAP RE-FX Flexible Real Estate Management, users must first define the criteria they want to use for ranking. This could include factors such as location, size, rental income, or any other criteria that the user deems important. Once the criteria have been defined, users can assign numerical values to each property or portfolio based on how well it meets the criteria. The higher the numerical value, the more desirable the property or portfolio is. 
  
  Tips & Tricks: 
  When using ranking in SAP RE-FX Flexible Real Estate Management, it is important to remember that different criteria may be weighted differently. For example, if location is more important than size, then a property with a great location but a smaller size may be given a higher numerical value than a property with a larger size but an average location. 
  
  Related Information: 
  Ranking in SAP RE-FX Flexible Real Estate Management is just one of many features available in the software. Other features include lease management, asset management, and financial reporting. All of these features can be used together to help users make informed decisions about their real estate investments.