Leading Real Estate Investment Trust Chooses J.D. Edwards
Highwoods Properties Will Use OneWorld to Operate More Than 45 Million Square Feet and Serve Its 3,400 Customers
DENVER, April 3 /PRNewswire/ -- J.D. Edwards & Company (Nasdaq: JDEC), a leading supplier of e-business software solutions that deliver speed and agility, announced today that Raleigh, North Carolina-based Highwoods Properties, Inc. (NYSE: HIW) has selected the OneWorld and WorldSoftware co-existence solution for its fully integrated property management and financial system. As one of the nation's largest self-administered real estate investment trusts (REITs), Highwoods provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The company selected J.D. Edwards to manage its current environment and future growth.
"We're very excited about this investment," said Kevin Penn, Director of Information Systems at Highwoods. "J.D. Edwards gives us the right architecture and tools to improve information exchange within our organization as well as with our external suppliers." Highwoods purchased the J.D. Edwards' foundation, financials and project management suites to manage their diverse real estate interests and centralize its IT infrastructure. "The J.D. Edwards solution provides Highwoods with a versatile technology infrastructure with which to grow," added Penn.
Highwoods is the latest REIT to choose J.D. Edwards as its real estate software provider. The software's flexibility and advanced reporting capabilities enable REITs to effectively manage operations in their highly visible environment. Other REITs benefiting from J.D. Edwards' functionality include Boston Properties, Inc.; CarrAmerica Realty Corporation; Regency Realty Corporation; and Equity Office Property Trust, the nation's largest REIT.
J.D. Edwards Functionality for Real Estate
J.D. Edwards' supply chain solution for real estate automates the processes by which clients receive services and the flow of the resources needed to provide those services by offering Internet-enabled applications and an integrated workflow engine. The integrated solution enables organizations to better manage their assets, including employees, facilities and customers. Key applications for the real estate supply chain include:
-- Tenant service management and call tracking applications
-- Self-service human resources applications
-- Integrated project management allows effective management of new
developments
-- Expanded decision support systems for better analysis of properties,
rental income, operating expenses and customer, supplier and employee
information
-- Integrated enterprise asset management, including work orders,
procurement and fixed assets, that enable coordinated maintenance of
facilities and equipment
-- Ability for clients to access information they need about their
portfolio and accounts, communicate with the team assigned to the
contract, and link to other information that pertains to their business
at anytime via the internet
About Highwoods Properties
Highwoods Properties, Inc., one of the top 25 largest REITs, currently owns or has an interest in 637 office, industrial, retail and service center properties. The company operates approximately 46.7 million square feet of real estate, including 35 development projects encompassing approximately 4.2 million square feet and 2303 apartment units. In addition, Highwoods controls over 1,900 acres of land for future development.
About J.D. Edwards Real Estate Group
J.D. Edwards has been providing software solutions tailored to the real estate industry since 1989. J.D. Edwards supports property management companies, REITs, facility management companies, real estate advisory firms, developers and corporate real estate. J.D. Edwards delivers Web-enabled enterprise financial applications, as well as property, facilities and work order management solutions for real estate.
About J.D. Edwards & Company
J.D. Edwards provides Idea to Action(TM) software solutions for companies competing in the New Economy. The Company's integrated ActivEra(TM) Solutions, powered by OneWorld(TM), deliver supply chain collaboration and fulfillment, and enable creation of business-to-business trading communities in the consumer products, industrial and services industries. With solutions from J.D. Edwards, established enterprises, promising dot-coms and emerging trading communities alike can adapt their software to fit today's fast-changing business models, during and after implementation. The Company's solutions operate in multiple computing environments, including Windows NT(R), UNIX(R) and OS/400(R), and are Java(TM) and HTML enabled.
Founded in 1977, J.D. Edwards is headquartered in Denver and posted fiscal 1999 revenues of $944.2 million. Additional information can be obtained by contacting the Company at 800-727-5333, or via the Internet at www.jdedwards.com.
NOTE: J.D. Edwards is a registered trademark of J.D. Edwards & Company. The names of all other product and services of J.D. Edwards used herein are trademarks and registered trademarks of J.D. Edwards World Source Company. All other product names used herein are trademarks or registered trademarks of their respective owners. The historical results stated above are not necessarily indicative of the results of any future period.
SOURCE J.D. Edwards & Company
CO: J.D Edwards & Company; Highwoods Properties, Inc.
ST: Colorado, North Carolina
IN: CPR RLT CST
SU: CON
04/03/2000 08:01 EDT prnewswire.com |
