Canderel
Executive Summary
Customer
Canderel, one of Canada’s largest real estate development and property management companies
The Goal
Collaboratively securing financing for large real estate projects
The Problem
Multiple stake-holders across many countries makes face-to-face meetings difficult and costly
The Solution
Use e-SignLive™ for IBM LotusLive to collaborate seamlessly across countries and time zones
The Results
Business executives, lawyers and insurance representatives from each company involved in the real estate transaction can electronically review, annotate and sign all documents required to close the deal
The Success Story
To complete high-value real estate deals online with its global partners and investors, Canderel, one of Canada’s largest real estate development and property management companies, has integrated e-SignLive™ for IBM LotusLive.
“The combined Silanis and IBM services will help us remain competitive by enabling all parties to come together in a secure and collaborative, online environment where we can then electronically participate in the negotiation, pre-closing and closing stages from anywhere in the world,” says Jonathan Wener, Chairman & CEO of Canderel.
IBM’s award-winning online collaboration platform, LotusLive, has partnered with Silanis to create e-SignLive™ for IBM LotusLive. Seamlessly integrated with LotusLive Engage, this e-signature solution allows business executives, lawyers and insurance representatives from each company involved in the real estate transaction to electronically review, annotate and sign all documents required to close the deal quickly, easily and securely, from anywhere at anytime. e-SignLive™ also prevents documents from being submitted if they are missing any information, signatures or initials – an important feature for minimizing downstream legal and non-compliance risks.
As an added feature, an Executive Dashboard provides Canderel’s management team with real-time information on how many documents have been reviewed, annotated or signed, by whom, when, and what information and activities are still pending. And thanks to e-SignLive™’s unique and patented audit trail technology, their Process Reviewer™, giving Canderel ironclad evidence should they need to defend agreements in court. Documents signed through e-SignLive™ are legal, irrefutable and tamper evident.
“Eliminating paper from the process means we no longer have to physically sit in the same room, or courier documents back and forth to one another across the country,” says Wener. “This saves costs and time to close the deal.”
