NOTA DE PRENSA DE DOCUMENTUM
10 mar 2003
Boston Capital to Implement Documentum Enterprise Content Management Platform
Fifth Largest Holder of U.S. Multifamily Housing Chooses Documentum For Scalability and Ease of Integration
PLEASANTON, Calif., March 10 /PRNewswire-FirstCall/ — Documentum announced that Boston Capital Corporation, one of the nation’s leading real estate financing and investment firms, is implementing the Documentum ECM platform. Boston Capital, the fifth largest owner/investor in multifamily real estate, owns more than 118,000 apartment units with a total development cost of more than $8 billion.
Founded in 1974, Boston Capital is a leader in multifamily real estate financing and development. As one of the nation’s leading investors of equity capital for multifamily housing, Boston Capital underwrites and acquires 80-100 properties throughout the country annually.
Before implementing Documentum, Boston Capital used a manual, paper-based system to manage enormous amounts of documentation associated with transactions, financial documents and property information. Content derived from those sources was stored in multiple applications in various databases, and will now be created, managed, delivered and archived in the Documentum platform. Boston Capital found that manually managing large volumes of paper documents was expensive and inefficient. There was a growing need for prompt access to the most accurate information to satisfy internal needs as well as the needs of Boston Capital’s external partners.
«We looked at five ECM vendors but were most impressed by Documentum’s ability to scale with us as we grow, as well as integrate with our existing systems,» said Tom Gardner, chief information officer at Boston Capital. «We anticipate substantial gains in productivity and new levels of operational efficiency by embracing enterprise content management with Documentum.»
The initial implementation of Documentum involves Boston Capital’s employees, developers and property managers. The goal is to offer a streamlined process for real-time, secure access to reliable information. Documentum will be a key business tool in the company’s day-to-day management of processes, workflow and content, and will be the central repository for all unstructured content.
«Financial services companies, such as Boston Capital, can gain an immediate and long-term competitive advantage by standardizing enterprise content management, especially as these companies move to digitize documents that were formerly paper-based,» said Dave DeWalt, president and chief executive officer of Documentum. «We look forward to working with Boston Capital by providing the most robust, scalable ECM platform on the market.»
About Boston Capital
Boston Capital Corporation, headquartered in Boston, Massachusetts, is a fully integrated real estate financing and investment company. Since its inception in 1974, Boston Capital has been on the cutting edge of multifamily property investment, management, and financing. Boston Capital serves clients nationwide and internationally, controlling over 2,300 multifamily properties located in 48 states, with a total development cost in excess of $8 billion. Boston Capital is the fifth largest owner of and investor in multifamily housing in America. For more information, visit the company online at www.bostoncapital.com.