PATRIZIA GewerbeInvest switches
to Sem.FUNDS.line

Press release
Munich, August 21, 2013

With its successful software solution for PATRIZIA GewerbeInvest, SemTrac Consulting AG is ensuring the best possible process support for its innovative modular concept in the area of open real estate funds.

With more than 600 employees, for almost three decades PATRIZIA has been covering the complete range of services in ten countries as an investor and service provider for everything to do with residential or commercial real estate. After taking over PATRIZIA GewerbeInvest KAG mbh (formerly LB Immo Invest), a provider of special funds, the company considerably expanded its portfolio in the field of commercial real estate and indirect investments. At the start of 2012 PATRIZIA decided, just as previously with PATRIZIA WohnInvest KAG, to opt again for the IT consulting company SemTrac as a strategic partner.

The software company with offices in Stephanskirchen and Munich has many years of experience with the complete integration of its Sem.FUNDS.line Software Suite in SAP ERP®: the old system of PATRIZIA GewerbeInvest was smoothly replaced and migrated to the existing PATRIZIA KAG platform Sem.FUNDS.line in a flexible and release-stable manner.

PATRIZIA financial manager Arwed Fischer was particularly impressed by the efficient processes in the representation of the unique international fund module system: “Given the high complexity of fund-relevant processes and statutory reporting obligations, we are constantly focused on maximum user satisfaction. For our clients, values are important. This is why, as a bank-independent investment company and full-service provider, we control and optimize the value-added chain for the whole life cycle of a property. For this reason we place the highest demands on our service providers.”

Just one year beforehand SemTrac was able to prove itself in the process optimization for PATRIZIA WohnInvest – at the time the migration took six months. This time the complete process conversion took almost twelve months due to the complexity of the task. “The challenge in such an extensive project with a complex migration is to stay within the specified budget,” says Klaus Letzing, managing director of SemTrac AG, commenting on the successful and punctual go-live. “As well as the uninterrupted daily operation during the whole conversion phase.”

Patrizia Immobilien AG