September 13, 2010

Why lease administration analysis software is more critical now then ever before

Lucernex expert and EVP Ken Brown’s (see Ken’s management summary here) discusses why lease administration and lease analysis software have never been more important.

Big changes are coming to lease accounting laws and these changes will ultimately impact how real estate leases are created and executed. The changes are going to be significant and far-reaching. Real estate professionals need to see the writing on the wall and be prepared with a plan of action to ensure their company’s existing and future leases comply with this new standard. (more…)

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May 24, 2010

A case for why integrated IWMS solutions are better than stand-alone real estate solutions

Lucernex expert and EVP Ken Brown’s (see Ken’s management summary here) provides a case for why integrated IWMS solutions are more beneficial than stand-alone real estate solutions or “Franken Products”.

When considering the purchase of real estate software point solutions such as Lease Administration, Project Management, Purchase Management, CMMS and Space Planning/CAFM it is helpful to understand the differences, benefits and challenges of a-la-carte options vs. an integrated suite of products. Individual software solutions are just that – products that are sold individually and have little to no compatibility with other product offerings. Product suites like an Integrated Workplace Management System (IWMS) are offered as an integrated group of solutions and give the user benefits such as flexibility, ease of use, common overhead, better support for system architectures and platforms. Vendors, like Lucernex Technologies, who build their systems from the ground up using one architecture, one database, one codebase and one common interface eliminate many of the problems encountered with so-called “best of breed” solutions. This blog will illustrate specific examples of why an integrated product suite such as IWMS is best:
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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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February 4, 2010

Optimizing and Globalizing Commercial Real Estate

Lucernex expert and EVP Ken Brown’s (see Ken’s management summary here) article written for IWMSNews: See the article here

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While no one can say for sure, it appears based on the recent positive GDP announcement, that the U.S. economy has bottomed out and we are now in the midst of what may be a longer and slower recovery when compared to past economic recessions. The events of the past 24 months have forced growth-minded real estate companies to re-examine or retool their business models to optimize efficiencies and harness opportunities. Economists believe future growth is expected to come from overseas markets, especially Asia and the “BRIC” nations (Brazil, Russia, India, and China).
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January 25, 2010

“Are Vista Equity Partners acquisitions a positive thing for the IWMS industry”

Lucernex expert and EVP Ken Brown’s (see Ken’s management summary here) response to IWMSNews post: See the post here
and the ICAMS Facility Leadership post: See the post here

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Having been involved with the IWMS industry for over 25 years, I have seen many trends come and go including some of the early attempts by the commercial real estate firms to enter the lease administration software business when outsourcing first appeared, to the focus on retailers, the shift toward real estate life-cycle and IWMS to the more recent set of events attempting to consolidate the industry. I sold my company, National Facilities Group, Inc. (the SLIM product) several years ago to Accruent and know what it means to be acquired and how it affects products and clients. In my case, there were a number of factors that made the event successful including the huge economic growth that was happening, the move to large suites of point-solutions – creating full real estate lifecycle applications and the fact that there was no clear leader in the space. (more…)

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