SITE Centers
SITE Centers Streamlines Lease Management with OpenText
End-to-end management process implemented for Real Estate Investment Trust
The level of visibility to deals in process is amazing. It is visibility that SITE Center executives need but did not have historically. It truly is 100 percent transparency.
Challenge
- Needed a more efficient and transparent document assembly process for leases
- No controls around legal clause language or mechanism to ensure a standard letter of intent or lease format was followed
- Process inefficiencies and data inconsistencies
- Inconsistent reporting
Product(s)
- OpenText Content Server
- OpenText Document Management
- OpenText Extended Workflow
- OpenText Internal Controls
- OpenText Records Management
Value
- Increased visibility into leasing activity
- Enhanced consistency in lease negotiation
- Reduced overall legal and litigation costs and improved deal returns
- One version of the truth; all data is linked
- End-to-end integrated infrastructure
About SITE Centers
SITE Centers is a real estate investment trust in the business of acquiring, owning, developing, redeveloping, expanding, leasing, financing and managing shopping centers.