Leading Real Estate Providers Increase Operational Efficiency With J.D. Edwards
DENVER--(BUSINESS WIRE)--March 18, 1998--
Enhanced Real Estate Solutions Help Reduce Operating Costs
and Extend Global Reach with AIMx Supply Chain Management Model
Enterprise business software provider J.D. Edwards & Company (Nasdaq:JDEC) today announced that leading real estate providers, including Jones Lang LaSalle, Boston Properties and CarrAmerica Realty Corporation, are deploying J.D. Edwards enterprise software to more efficiently manage their supply chains and achieve competitive advantage.
In an industry confronted with frequent consolidation and globalization, these organizations are focusing on more sophisticated, industry-specific technology solutions to run their businesses and gain a competitive edge. The J.D. Edwards AIMx supply chain solution offers real estate firms the ability to easily incorporate newly acquired properties/portfolios, scale across global networks and extend their service supply chains beyond the enterprise.
Jones Lang LaSalle selected J.D. Edwards as part of its strategy to be the world's leading global real estate services and investment management firm. After evaluating the long-term trends in property and facility management, Jones Lang LaSalle Management Services, Inc. committed itself to providing the highest quality client service at the lowest cost, creating real value for clients.
"The real estate industry is moving away from smaller, regional firms and starting to become dominated by global businesses dealing with Fortune 500 customers," said David Johnson, Jones Lang LaSalle's vice president and management services director of technology. "By partnering with J.D. Edwards, we are building a strong foundation for our future. We are confidant J.D. Edwards' technology will continue to support Jones Lang LaSalle's growth and position as the global real estate leader."
For Boston Properties, J.D. Edwards' supply chain solution delivers much needed versatility, as the firm continues to grow. Boston Properties, a self-administered, self-managed REIT, holds a $6 billion portfolio that includes the Prudential Center in Boston and the Embarcadero Center in San Francisco, as well as office properties in Midtown Manhattan, Princeton, N.J., and the Washington, D.C., metropolitan area.
"In a competitive capital market, REITs must be more responsive to increasing demands for information. Solutions from J.D. Edwards are providing the underlying engine to improve our information flow and facilitate stronger connections to our tenants, suppliers and investors," said James Whalen, CIO, Boston Properties.
CarrAmerica, an affiliate of Security Capital, selected J.D. Edwards to accommodate its high acquisition business model, and to focus on the company's transition as they went from being a private to a public company. The company owns, develops and operates office properties in 15 markets throughout the United States, using J.D. Edwards' WorldSoftware financial and property management applications.
"Over the course of three years, CarrAmerica has acquired 300 buildings. With the J.D. Edwards solution, we were able to quickly and easily integrate the acquired companies' financial information and adjust our reporting processes," said Brian Rommel, chief technology officer at CarrAmerica. "We needed a flexible system that could grow with our changing business model and address industry-specific needs, including property management and simple remote access capabilities. J.D. Edwards' adaptable software and expertise in property management helps us respond to customers' demands more rapidly and efficiently."
Supply Chain Functionality for Real Estate
J.D. Edwards' services supply chain solution, AIMx, automates the processes by which clients lease property and receive services, and manages the flow of information needed for lease agreements and support services. The supply chain solution offers Internet-enabled applications and an integrated workflow engine. The integration of J.D. Edwards financial, human resource management, property management, work order management, equipment maintenance, service billing and customer service management functionality enables companies that own, manage or lease real estate to better care for their assets, including employees, facilities and customers.
Key applications for the real estate service supply chain include: -0- *T
-- Integrated enterprise asset management including work orders, procurement and fixed assets enabling coordinated maintenance of
properties, facilities and equipment
-- Comprehensive property management module that includes tenant
billing, lease and occupancy tracking, and expense participation
calculations
-- Job cost module that tracks commitments, budgets, actuals, and
change orders that are fully integrated with the general ledger
-- Wizard driven report writer that allows the user to query and
report off of the entire database
-- Tenant service management and call tracking applications giving
firms the ability to make decisions based on timely and accurate
information
-- Web-based human resources self-service applications and work
orders to maximize the skills and availability of personnel and
multiple work centers
-- Enterprise-wide profitability solution to save time and money for
managerial accounting, activity-based management and
activity-based costing
-- Expanded decision support systems for better analysis of product, customer, supplier and employee information
*T -0- About J.D. Edwards Real Estate Group
J.D. Edwards is a leading enterprise resource planning software company and 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
J.D. Edwards provides Idea to Action(TM) software for managing the enterprise and supply chain. The company's integrated applications give customers control over their front office, manufacturing, logistics/distribution, human resources and finance processes for the consumer products, industrial and services industries. J.D. Edwards enables Idea to Action with ActivEra(TM), a collection of tools and technologies that extend the J.D. Edwards SCOREx and AIMx supply chain solution, OneWorld(TM) and WorldSoftware(TM) enterprise business software. ActivEra allows customers to change their enterprise software quickly and easily 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 1998 revenues of $934 million. Additional information can be obtained by contacting the company at 800/727-5333, or via the Internet at www.jdedwards.com.
Note to Editors: J.D. Edwards is a registered trademark of J.D. Edwards & Company. OneWorld and Configurable Network Computing are trademarks of J.D. Edwards World Source Company. All other product names and companies referenced 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.
The product names "SCOREx" and "AIMx" mentioned in this press release are spelled with a subscript "x."
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CONTACT:
J.D. Edwards, Denver
Tammy Delever, 303/334-2592
tammy_delever@jdedwards.com
or
The Weber Group
Linda Song, 650/463-8614
lsong@ca.webergroup.com |
