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Leading U.S. REIT

Divestiture-Driven ERP Modernization and Operational Separation

Issue

A leading U.S. real estate investment trust (REIT) needed to establish fully independent business operations following a corporate divestiture but was constrained by outdated legacy systems and limited internal bandwidth.

Definition

The central challenge in a divestiture is untangling integrated people, processes, and systems under intense time pressure all without disrupting operations or violating compliance. Legacy systems, such as on-premise ERPs, compound this problem as they lack the flexibility for modern, cloud-based needs, creating significant risk and inefficiency.

Common Symptoms

  • Business-critical functions depended on an outdated on-premise version of PeopleSoft
  • Internal teams lacked the capacity to lead or execute the transformation
  • No independent financial, HR, or integration architecture existed for the new entity
  • Cutover timelines were tight and highly visible to external stakeholders

Business Implications

  • Missed separation deadlines would have impacted compliance and reporting
  • Operational delays risked payroll, vendor payments, and benefits
  • continuity Heavy reliance on legacy tech blocked innovation and added long-term cost
  • A failed transition could erode confidence from leadership and investors

Cogleus Solution Approach

Cogleus led the program management and implementation of a modern, cloud-based back office using Workday, enabling Day One operational readiness.

What We Did

  • Delivered full program governance, roadmap execution, and cross-functional coordination
  • Replaced legacy PeopleSoft systems with Workday Financials and Workday HCM
  • Built and deployed scalable Workday Integrations for payroll, benefits, banking, and operations
  • Led end-to-end cutover planning, data conversion, and go-live support
  • Embedded with internal teams to provide hands-on training and delivery support

Technology Used

Results

  • Achieved full operational independence on Day One
  • Seamlessly migrated from legacy ERP to a scalable, cloud-native platform
  • Maintained continuity across payroll, HR, and finance with no disruption
  • Strengthened internal delivery capabilities through embedded enablement
  • Positioned the organization for future integration with Google Cloud and automation solutions

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