March 31, 2010

It’s time to upgrade lease administration software now

Lucernex expert and EVP Ken Brown’s (see Ken’s management summary here) discusses why its time to upgrade your Lease Administration Software.

Real estate organizations have been using lease administration systems for years. What started out as a replacement for clunky, file-based records that were often misplaced and decentralized, modern lease administration systems have turned into centralized, decision-support databases that are critical to maximizing ROI of real estate assets. When these systems first appeared, simply having all of the key leased and owned data in one place and sharable across the organization was the primary goal.
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March 29, 2010

Store Lifecycle Management with Sales prediction – the Site ROI predictor

Lucernex expert and President Joe Valeri (see Joe’s management summary here) discusses how integrated sales prediction modeling improves an a Store Lifecycle Management (SLM) solution.

In my last Blog I discussed use of Lease Analysis integrated into Store Lifecycle Management to provide the cost side of an ROI prediction tool. Cost is only half the data needed however, an accurate and trusted prediction of sales is equally important.

Sales prediction modeling is a tool used by real estate organization with multiple revenue producing sites whether it is direct sales, cell phone contracts, walk-in patients, investment clients, or tuition payments. In all cases a picture of “the customer” must be produced, usually based on past location results or a client defined picture of their customer.
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March 23, 2010

Replacing SLIM, Siteseer, REM, RetaiLease or another legacy product?

In 2009, Ken Brown, former CEO and Founder of National Facilities Group and the designer of the SLIM Lease Administration solution, joined Lucernex. He along with Lucernex’s President Joe Valeri, set out to design a new module of Lx Retail to manage all Leases and Contracts. The results is Lx Contracts!, a 100% web-based Lease Administration and Contract Management tool. SLIM was the first major lease administration solution to hit the market in the late 1980′s and was managed and developed by Ken until 2003. Ken’s expertise with all of the major lease administration tools including SLIM, REM, Siteseer, Virtual Premise, amtdirect and RetaiLease allowed Lucernex to create the new industry standard product for Lease Administration and Contract Management.

Lx Contracts was designed to allow for easy upgrade from all of the Legacy Lease Administration products commonly used throughout retail, restaurant and corporate real estate departments. He also was able to enhance complete lease analysis, cash flow projections and lease cost reporting using the Lx LseMod FASB GAAP financial engine now fully integrated into Lx Retail.

Lease Administration Software

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March 22, 2010

Lucernex and Buxton form partnership

Lucernex and Buxton today jointly announced a partnership that will improve offerings for all corporate real estate software and intelligence customers. Read more about the details of the partnership.

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March 22, 2010

Why integrated Lease Analysis improves an IWMS

Lucernex expert and President Joe Valeri (see Joe’s management summary here) discusses how integrated lease analysis improves an IWMS.

It is a big step for many companies to implement an IWMS and to simply establish a single source of all location data. It can advance a companies effectiveness substantially with that first step of IWMS use. Once this has been done successfully though, users of IWMS systems start to come up with ideas of how the system can be used to further improve their internal processes and evaluate success. By having all the data in one place, hopefully organized by location, users can begin to apply decision tools to make better decisions.
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March 22, 2010

Lucernex Technologies and Buxton Announce Alliance

Companies agree to partnership that provides comprehensive software solutions with integrated prediction modeling to real estate professionals.

DALLAS, TEXAS, (March 22, 2010) — Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that it has entered into a partnership with Buxton®, the industry leader in customer analytics. This new partnership will provide clients of Lucernex and Buxton® with a wider array of software solutions that both manage the real estate lifecycle process and provide detailed financial models for customer behavior.
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March 18, 2010

Lucernex in Hospitality Technology Magazine online

A case study about the success Quanah Properties had with Lx IWMS is in this weeks Hospitality Technology Magazine online. Read the story here!.

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March 18, 2010

Lucernex Technologies announces MAC support for Lx LseMod

Dallas, TX (March 17, 2010) – Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced support for use of intel-based MAC’s for all Lx LseMod products. MAC users seeking expert financial decision analysis and reporting tools can now use the market leader Lx LseMod for all their lease vs lease, lease vs buy, sublease, sale leaseback and Corporate GAAP/SOX analyses.
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March 15, 2010

5 GAAP/SOX Rules You Need to Know

Lucernex expert Jim Duport discusses the 5 rules you need to know about GAAP/SOX. Learn more about Lx LseMod Corporate for lease analysis including GAAP impact.

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1. Rent straight-lined over the term if rent increases are known.
Impact: First Fiscal year cost will increase

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March 15, 2010

What Makes some IWMS software so expensive?

Lucernex expert and President Joe Valeri (see Joe’s management summary here) provides details of why IWMS software from some vendors can be so expensive.

Reasons some vendors IWMS Software can get expensive

There are actually several answers to this question depending on the vendor you are looking at. I don’t believe it is appropriate to mention other vendors in a negative light so I will simply characterize them into groups and potential buyers will need to ask the right questions to ascertain where we all fit. Several vendors, particularly the really expensive ones, fit into many of these categories.
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