January 23, 2012
Dallas, TX (January 23, 2012) – Lucernex Technologies, a leader in retail real estate solutions, has been awarded ISO 9001:2008 certification for its Quality Management System, displaying the companies deep dedication to excellent customer service and continuous quality improvement. ISO 9001 is an internationally recognized quality management system standard which requires certified companies to implement a comprehensive quality management system that addresses all areas of operations – from internal staff training practices to product development, delivery and customer service.
To be awarded certification, an audit of Lucernex’s Quality Management system was conducted in 2011 culminating in certification in November of 2011. A third party auditing firm, Quality Systems Registrars, Inc. (QSR), performed the ISO 9001 certification. (more…)
Tags: ISO 9001, real estate software, Retail software, SaaS solution, SSAE 16 :: No Comments »
January 16, 2012
Dallas, TX (January 16, 2012) – Lucernex Technologies announces that it has completed an SSAE 16 audit, demonstrating Lucernex’s commitment to ensuring a highly secure, high quality service environment for its Cloud-based Real Estate Software applications. This is a major accomplishment for Lucernex, making them the only Retail Focused Real Estate Management Solution in the industry with such credentials.
SSAE 16, which supersedes the SAS 70 audit standard, was designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for management to obtain assertions about service organization internal controls without conducting separate assessments. “As a provider of SaaS solutions delivered in the Cloud, SSAE 16 compliance ensures all Lucernex products are safely and securely controlled. To our clients it means they can feel safe using our solutions to develop, build and manage their real estate portfolio”, said Ken Brown, EVP and CIO of Lucernex. (more…)
Tags: ISO 9001, real estate software, Retail software, SaaS solution, SSAE 16 :: No Comments »
September 21, 2011
Dallas, TX (September 20, 2011) – Lucernex Technologies announced today that Aaron’s, Inc. (NYSE: AAN) has selected Lucernex’s Lx Retail to manage its over 1,895 Company-operated and franchised stores in 48 states and Canada.
“After evaluating our operational requirements, we realized that we needed more than just a replacement for our legacy lease administration system. We needed an integrated approach to managing our real estate. Lucernex offers a solution that will allow us to manage the entire store life cycle in one database and on one platform,” said VP of Real Estate, Paul Doize. “Lucernex has clearly applied their top-down knowledge of real estate to design a solution that will provide value to our entire organization, from the executives to the lease administrators, real estate accountants, and the franchise management team.” (more…)
Tags: aaron's Inc., retail store life cycle software, retal store lifecycle software, store life cycle management, Store lifecycle management :: No Comments »
July 6, 2011
“Lucernex, NRTA survey: Retailers not yet acting on FASB changes”
Dallas, TX (July 7, 2011) – In a Chain Store Age article from June 30th by Katherine Field Boccaccio, the recent joint NRTA / Lucernex survey on FASB readiness was featured with the writer focusing on several indicators showing that Retailers are not yet acting on the ending FASB changes.
Read the article here
If you would like to get the full survey results click here.
Tags: FASB 13 changes, FASB for retail, FASB lease changes, GAAP rule changes, GAAP rules, Lease Administration software :: No Comments »
June 24, 2011
“Managing the Store’s Lifecycle, All in One Place”
Dallas, TX (June 23, 2011) – Lucernex is featured in a Retail Traffic article by Elaine Misonzhnik titled “Managing the Store’s Lifecycle, All in One Place” where EVP and CIO Ken Brown and CEO Mike Nuzum discuss how Lucernex set out, in 2000, to build a single solution to manage the entire Retail Store Lifecycle process.
Tags: Lease Administration software, Retail IWMS, Retail Traffic, Retail Traffic Magazine, Store lifecycle management :: No Comments »
May 17, 2011
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…)
Tags: capital project management, Jack-in-the-box, real estate software, retail real estate, Store lifecycle management :: No Comments »
May 10, 2011
New software-as-a-service lease administration and FASB accounting solution leads to record quarter
Dallas, TX (May 10, 2011) – Lucernex Technologies, an innovative developer of business intelligence software for retail real estate management and development, today announced that first quarter of 2011 sales included a record number of new clients switching from legacy software applications onto the Lucernex cloud based software-as-a-service solutions. These results were attributed to offering:
- Lx Retail, the only software solution designed and built by Retailers for Retailers and the first store lifecycle management solution delivered via the Cloud,
- New capabilities for forecasting and managing lease accounting that will support the pending FASB changes,
- Introduction of an updated lease administration and rent accounting module, LX Contracts, designed specifically for retailers,
- Implementation methodology that provides a quicker “time to value”,
- Integration toolkit, ensuring client integrations don’t break when upgrades are released,
- Industry leading application performance and scalability,
- Easy and rapid replacement of legacy applications.
(more…)
Tags: Accruent Conversion, Buffalo Wild Wings, FASB 13 changes, Galaxy Partners, Jack-in-the-box, Lease Administration software, Rent Accounting Software :: No Comments »
April 12, 2011
Lucernex Becomes Silver Sponser of National Retail Tenants Association
Dallas, TX (March 31, 2011) – Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that it is a silver sponsor of the National Retail Tenants Association (NRTA). The sponsorship will give Lucernex more visibility for its suite of store lifecycle management solutions within the retail real estate industry including their FASB 13 ready Lease Administration and Rent Accounting Solution. It will also enable the company’s leadership to support NRTA’s expansion as a premier education and networking resource for industry professionals.
(more…)
Tags: FASB, FASB 13, IWMS, lease administration, National Retail Tenants Association, NRTA, Rent accounting :: No Comments »
December 6, 2010
Hosted by Lucernex and Verian Technologies
Thursday, December 9 at 2-2:30pm EST
Click Here To Register
Common-area maintenance (CAM) lease reconciliation is one of the biggest challenges retail finance departments face. Usually crafted by lawyers, CAM leases are notoriously difficult to reconcile. More importantly, retailers leave thousands of dollars on the table every year because there’s no easy way to match up invoices to the original CAM lease.
(more…)
Tags: CAM Rec, CAM Reconciliation, Ken Brown, Lease Administration software, Verian :: No Comments »
December 6, 2010
Robert Abdul joins Real Estate Intelligence Software Developer
DALLAS – (December 6, 2010) – Lucernex Technologies, a developer of business intelligence software for real estate management and development, announced today that it has hired Robert Abdul as vice president of global sales. In this position, Abdul will be responsible for directing and managing all sales initiatives for the Lucernex suite of Location Performance Management solutions for corporate and retail real estate executives. Lucernex’s solutions are currently in use by hundreds of thousands of locations in the global retail, hospitality, engineering and construction industries, as well as hundreds of corporate real estate executives and real estate brokers worldwide.
(more…)
Tags: Accruent, IWMS, Lawson, Lease Administration software :: No Comments »
