Blog | Lucernex Real Estate Software

May 17, 2011

Jack in the Box Inc. Implements Lx Retail from Lucernex Technologies

Restaurant Company Implements Web-based Store Lifecycle Management Product Suite to Manage its Jack in the Box® Real Estate Portfolio

Dallas, TX (May 17, 2011) – Lucernex Technologies, Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that Jack in the Box Inc. (NASDAQ: JACK) has purchased and implemented Lucernex’s store lifecycle management solution to manage its real estate portfolio, which includes more than 2,200 Jack in the Box® restaurants across 19 states. By implementing the retail version of the Lx Retail product suite, Jack in the Box can streamline its process of selecting store sites; building and opening new store locations; as well as managing existing locations to avoid costly time delays and save costs. (more…)

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May 6, 2011

CoreNet … “There is no opportunity like a crisis!”

Manager of Lucernex Lease Analysis products, Mike Hammerslag, discusses his recent trip to CoreNet’s annual conference.

Good Morning! I have just returned from the CoreNet Global Summit in Chicago and I am glad to report that it was a fantastic event.

Perhaps the highlight for me was none other than the Monday morning keynote speech by Greg Lindsay. Mr. Lindsay did the finest presentation on agglomeration (under the guise of changing social dynamics) that I have ever seen! And remember that compliment comes from a former academic who actually taught the topic for 10 years. (more…)

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April 11, 2011

“Tentative” – The FASB IASB word of choice!

Manager of Lucernex Lease Analysis products, Mike Hammerslag, discusses the current state of the upcoming FASB changes.

A little more than two (2) years ago the Boards published their Discussion Paper, Leases: Preliminary Views. Fast forward to today and a known calendaring of the Final Document due date of 2Q-2011 or put another way June 30, 2011, and it seems that we are less then ninety (90) days away from knowing the outcome. So doesn’t it seem odd that so much is still “tentative.”
Now I must admit we do occasionally see that one or the other or sometimes both of the Boards “affirmed the decision in the leases Exposure Draft,” but is certainly feels like there are too many “tentative(s)” with less than 90 days until decision time! (more…)

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April 5, 2011

What makes Store Lifecycle Management different from IWMS?

IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discuss the risk of NOT buying a Software as a Service (SaaS) Cloud delivered solution.

Since Gartner coined the term IWMS and lumped in all similar vendors including those focused on Store Lifecycle Management (SLM), it has become increasing hard to tell the difference between IWMS and SLM. Some companies provide SLM, or a point solution and call themselves IWMS and others are truly IWMS vendors and call themselves SLM but just within the retail industry. In truth, while there is an overlap of some of the core features there are marked differences in the needs of the end user, the focus of the applications and how the solutions were developed and are delivered. (more…)

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March 14, 2011

The value of a professional Lease Administrator

Lease Administration expert, David Wells (formerly of Tequilla Software maker of RetaiLease) discusses the under appreciated Lease Administrator

The CFO walked brusquely into the conference room where I was doing a demo. He was wearing baggy shorts, sandals, and a navy hoodie that covered up a red t-shirt that was, as mom used to say, a wee bit too long. He sat down and began to take in my ‘performance’. About six minutes later he stood up to leave at which point one of the attendees interrupted me (politely) and asked the CFO what he thought so far. (more…)

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March 1, 2011

The risk of NOT switching to SaaS Cloud for IWMS

IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discuss the risk of NOT buying a Software as a Service (SaaS) Cloud delivered solution.

In October of 2005 Bill Gates sent a memo to Microsoft’s top management sounding the alarm that the rise of utility computing threatened to destroy its core business.¹ Microsoft, at the time, was a pure perpetual software vendor, selling all their software to be installed on a customer computer or server and charging large fees up front with a small annual maintenance fee. This is the way virtually all vendors in the IWMS space continue to do business today – large upfront fees with even larger implementation fees to put software on several servers behind the corporate firewall where the company then has to allocate internal IT resources to manage and maintain the application. (more…)

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February 21, 2011

FASB Changes- The Practical Implications

Lease Administration expert, David Wells (formerly of Tequilla Software maker of RetaiLease) discusses the practical implications associated with the FASB Changes and technology that support it.

The fact that the Financial Standards accounting board is changing the rules again does not seem to surprise many people. The bulk of concern surrounding these rule changes focuses on the inclusion of renewal options and percentage rent (for a more detailed explanation, please see Jim Duport’s article of Sept 20). I’ve read a great deal of how these changes are going to affect the corporate balance sheet, but I have not read much about how the changes are going to affect the practical working life of lease administrators and their supervisors. (more…)

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December 27, 2010

Renewal options under the new FASB

Lucernex real estate finance expert Jim Duport, after completing an upgrade to our core financial engine to support the new proposed FASB / GAAP rules, discusses renewal options under the new FASB.

This is the fourth in a series of Blogs by Jim describing his findings during the process of developing the architecture within the core Lucernex financial engine to handle the new proposed FASB rules.
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December 13, 2010

Letter to FASB on the Proposed Lease Accounting changes

The following is a letter on behalf of Lucernex, Jim Duport, our in-house real estate finance expert, sent on December 7th, 2010 to FASB in response to the proposed changes to the lease accounting standards.

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Technical Director Financial Accounting Standards Board File Reference 1850-100, FASB 401 Merritt7 PO Box 5116 Norwalk, CT 06856-5116	sent via email to: Director@FASB.org Subject: File Reference 1850-100, FASB
Re: Proposed Account Standards Update – Leases (Topic 840)

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December 6, 2010

The value of CAM Reconciliation technology

Lease Administration and Accounting expert and Lucernex Director of Client Services, Jim Short, discusses the value of CAM Reconciliation and technology that support it.

Technology, combined with a well defined process is essential to optimizing your expense recoveries. The common mistake many multi-location companies make is not realizing that they are also in the real estate business. They see themselves as retailers or healthcare providers or bankers selling a product or as corporations providing a service and often overlook the impact of their location costs. These costs are usually the second or third highest expense on the P&L behind employee salaries/benefits and inventory. This is one area where most companies can look to find additional cost savings.
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