Boston Properties was using a legacy spreadsheet approach to track their partner equity positions within the partnership. A growing number of partners and an increasing volume of transactions made this rigid method more challenging, and a more efficient automated solution was required. Users also required improved access, auditing and reporting capabilities for the sensitive information they were managing. Investigation into third party solutions was unsuccessful as none was able to meet the business needs of a REIT company.

solution

The proposed solution was a browser-based Partner and Equity Tracking (PET) application. Allowing users to capture transactions from distributed locations, the application also includes automated imports of stock option data from a third party application. Users also have real-time and historic views of partnership positions, which includes a full transaction history.

Benefits

The PET system allows for efficient access to and capture of critical information. Users have the ability to manage imported stock options, view reports of historic transactions and access the information securely from distributed locations. Backup and transition audit control also ensures the integrity of confidential information.