Customer Company Size
Large Corporate
Region
- America
Country
- United States
Product
- Diligent Board and Leadership Collaboration solution
Tech Stack
- Cloud-based CRM platform
- Digital signatory tools
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Digital Expertise
- Customer Satisfaction
Technology Category
- Platform as a Service (PaaS) - Connectivity Platforms
Applicable Functions
- Business Operation
Use Cases
- Remote Collaboration
Services
- Cloud Planning, Design & Implementation Services
About The Customer
EDENS is a retail real estate owner, operator and developer of shopping centers, grocery stores and local retail spaces across the U.S. Founded in 1966 and headquartered in Washington, DC., the company operates more than 125 retail properties with offices in Columbia, S.C.; Boston; Charlotte; Atlanta; Miami; Dallas and Denver. EDENS is a private real estate investment trust with three institutional owners: J.P. Morgan Asset Management, the New York State Teachers' Retirement System and The Blackstone Group.
The Challenge
EDENS is a private real estate investment trust with three institutional owners: J.P. Morgan Asset Management, the New York State Teachers' Retirement System and The Blackstone Group. Therefore, the company's needs for board meetings and collaboration differ from those of a public company. Not only must the three institutional investors securely access board documents, consents and other information, but they also need to share that access with non-board members within their respective teams. Prior to adopting the Diligent platform, EDENS and its administrative staff were creating and distributing hard-copy board books for each board meeting and circulating consent documents via email, which presented a logistical and production problem.
The Solution
EDENS centralized its director communication and tracking of consents and historical actions with the Diligent Board and Leadership Collaboration solution. With this centralized reporting platform, EDENS can easily maintain accurate data stores for its stakeholders without manual oversight. All of the company's investors can quickly access the information they need for informed decision making. By using the Diligent Board and Leadership Collaboration solution, EDENS eliminated this logistical challenge and replaced it with a more efficient board management process that provides directors with access to real-time documents, historical meeting minutes and voting results.
Operational Impact
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