Commercial Net Lease Realty @Oracle
Commercial Net Lease Realty (CNLR) is a real estate investment trust traded on the New York Stock Exchange. The company acquires, sells, and manages single-tenant commercial buildings leased by such retail chains as Target, Barnes & Noble, and Bennigan's. At any one time, its portfolio might hold 350 properties in 38 states.
Although the company's management was financially sophisticated, the systems it relied on were not. By 1999, it was clear that CNLR had to overhaul its management information system to redesign business processes so it could generate savings and increase productivity. CNLR solicited proposals from four software vendors, three of which worked solely in financial services. The company ultimately ...
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