Edens & Avant Licenses Exari to Optimize Commercial Lease Creation

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Edens & Avant, one of the nation’s leading private owners and developers of neighborhood shopping places, has licensed Exari Document Automation Software to automate the various documents and contracts involved in the commercial leasing process.

Exari Contract Automation
"Successful implementation of Exari will allow for fast, efficient production and negotiation of leases,” said Will Ponder, Vice President of Investments, Southeast, Edens & Avant.

Edens & Avant, one of the nation’s leading private owners and developers of neighborhood shopping places, has licensed Exari Document Automation Software to automate the various documents and contracts involved in the commercial leasing process. The solution is being implemented to meet demand from the leasing group for tools to enable them to get their deals done more quickly, and a push from the executive level to achieve rent starts more quickly. Exari will be integrated into other systems internally such as ERP and Business Process Management (BPM) to streamline the process, avoid manually rekeying data and errors.

“Successful implementation of Exari will allow for fast, efficient production and negotiation of leases,” said Will Ponder, Vice President of Investments, Southeast, Edens & Avant. “Within certain parameters, we plan to empower our leasing representatives to produce a lease themselves using the Exari automation, which will eliminate time-consuming data entry and non-value-added legal review, thus getting leases out the door to potential tenants on the same day that the terms are approved.”

“By using Exari to automate these leases, Edens & Avant will not only eliminate bottlenecks, they will also streamline their entire process, reducing the time, cost and risk involved,” said Exari President, Terry Lee. “This is a great example of how Exari’s ability to handle complex documents, groups of documents and integrate with other systems can really increase the value of document automation and contract management.”

Edens & Avant develops, owns and operates neighborhood shopping centers in primary markets throughout the East Coast. Focusing on innovative development and redevelopment together with key acquisitions in urban areas, the Company has built an institutional-quality portfolio of 126 retail centers. Edens & Avant has Regional Headquarters in Boston, New York, Washington DC, Atlanta, Columbia, SC and Miami. For additional information about the Company and its retail real estate portfolio, please visit http://www.edensandavant.com. Or follow on Twitter @EdensandAvant.

Exari, http://www.exari.com, is a global leader in document and contract automation for corporations and top law firms. The Exari system reduces costs, cycle time and risk, improves visibility into contract data and is used worldwide by legal, sales, insurance, investment banking, and government professionals. Exari Document Assembly empowers business people with self-service documents and automates document intensive processes. Exari Contract Management enables contract creation, storage and management in one flexible system. Clients are supported from Exari offices in Boston, London, Munich and Melbourne. Try a demo of our NDA or Services Agreement.

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Adine Deford
Exari
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