Enable for Use and Contract Management (5VX)

Enable for Use and Contract Management (5VX)

To support lease-in scenarios, a building, land, or group of spaces that is created in SAP Cloud for Real Estate, location management must be enabled for use before it can be assigned to a lease-in contract.  When an object is enabled for use, the object (single or grouped objects) is synchronized with SAP S/4HANA, and is simultaneously assigned a company code, a cost object, and usage type.  You can optionally assign other attributes (such as fixed assets assigned to the location) to the enabled group.

Once enabled for use, objects are available for assignment to a lease-in contract.

Key Process Steps Covered

  • Search for target building or land
  • Create enabled-for-use group with attributes (enable use type, controlling object type, usage type, validity dates and cost object ID)
  • Check enabled-for-use group

Benefits

  • Use a single repository for all real estate assets in the entire portfolio independent of back-end system
  • Collect costs by real estate location, supporting financial reporting and location analysis
  • See what fixed assets are used to support each enabled object

Additional Information

  • This scope item requires an additional SAP S/4HANA Cloud license

Where is Enable for Use and Contract Management(5VX) being used?

This Scope item is used in the following way:

  • As a support function of Advanced Accounting and Financial Close within Finance Scope Item Group
  • As a management function of Real Estate Management within Finance Scope Item Group

No Process Flow details available for scope item Enable for Use and Contract Management(5VX)-s4hc-2111
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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