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Case Study
COLORADO LOCAL GOVERNMENT LIQUID ASSET TRUST (COLOTRUST) |
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| COLOTRUST is a statutory trust organized and existing under the laws of the state of Colorado. It provides local governments with a convenient method for investing in short-term investments. COLOTRUST serves over 1,000 local government entities and has current assets of over $2.5 billion. |
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“If you are an organization that conducts any type of regular elections, you would be crazy not to use this product. It saves time and money, and it makes running elections much easier”
Greg Wright,
COLOTRUST Administrator |
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Challenges |
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| COLOTRUST has a small staff which made running elections cumbersome, time consuming, and costly. The organization was already benefiting from sending information and documents in electronic format to fund participants. Similarly, they wanted to leverage technology to streamline their Board of Trustees election process and to reduce costs. |
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Solutions |
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| With simple copying and pasting, COLOTRUST quickly designed a comprehensive ballot, uploaded candidate pictures and created informative candidate biographies. Once the voting opened, each fund participant was able to login to eBallot, research candidates and cast their votes in minutes. After casting their votes, voters were presented with receipts confirming their selections. |
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Impact |
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| As a financial services organization and the first local government trust in the country to use online voting, COLOTRUST had some trepidation about the reliability and security of the voting process. eBallot allayed their fears and delivered a successful election. Fund participants reported that the voting process was easy to navigate and that there were no glitches. Votes were protected by eBallot’s strong 128-bit SSL encryption and Hacker Safe certification. Online voting helped eliminated costly printing and postage charges and as a result COLOTRUST saved money. |
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