REALAX
for professional
real estate management.
REALAX is the software for professional real estate management.
GiT combines powerful solutions with many years of hands-on experience in the real estate industry.
Real estate fund management
The REALAX fund accounting is an extension of the IDW PS 880–certified financial accounting module. In addition to posting programs for automating fund-specific processes, a flexible reporting system enhances the established accounting module with calculation routines for determining common key figures.
The open system architecture simplifies deployment and enables the agile implementation or customization of various reports and interfaces.
Fund reporting – basic modules
An integral component of fund reporting for complex calculations is the REALAX KPI system. This module provides the tools for calculating, historizing, and delivering a wide range of key figures.
Fund configuration
The configuration of a fund can be set up flexibly and is largely determined by the reporting and accounting requirements of the respective product. The classification and aggregation of accounting data are defined by the logic of fund consolidation.
Fund sub-units
Fund sub-units (e.g. special purpose vehicles, hereinafter referred to as SPVs) are managed as technically separate entities within the REALAX client concept and are integrated into fund reporting via the consolidation mechanism. This allows fully independent accounting to be maintained within the sub-units, even if it differs from the fund level (e.g. different fiscal years or chart of accounts).
Unit price calculation
In addition to the KPI system, the REALAX standard reports, and the cross-module controlling tool iControl, a dedicated calculation model has been developed specifically for unit price calculation. The data relevant to unit pricing calculated in this model is finalized through an approval process (four-eyes principle plus confirmation by the custodian bank).
Equity gains / treaty gains
The contents of a calculation model can be defined flexibly and incorporated into daily or monthly calculations. In addition to the unit price, this includes the statement of assets, the income and expense statement, as well as tax-related key figures (e.g. equity gains/treaty gains in accordance with investment regulations), all of which are prepared and historized.