New FASB / GAAP Functionality

Lucernex has upgraded its core financial engine to support the new, proposed FASB rules. We are now using the new engine to provide clients with detailed analysis of a single lease or an entire portfolio of leases. We have released this new functionality as part of Lx Retail in our Lease Proforma Analysis module, on March 15th which allows clients to perform scenario analysis on existing or pending leases to understand the potential impact of the new FASB rules on their decision making.

For a limited time, for tenants with large retail or corporate lease portfolios, Lucernex will perform a free new vs. old analysis on one lease and provide complete reports showing the potential impact of the new FASB rules. Also, we have already completed portfolio analysis for large retailers providing a detailed assessment of the impact of the proposed FASB rules on their entire portfolio. If you have interest in the free single lease analysis or the complete portfolio analysis please click here to send a request.
FASB GAAP Old vs. New Reporting

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Whether the rules go into effect in 2013 or 2014, public companies will need to report back 3 years. This means leases you sign in January 2011 could be impacted by the new rules and would likely require restatement. The Lucernex financial engine has been in use by hundreds of users in dozens of large corporations for over 14 years and, as a result, has been heavily tested and proven to handle virtually any deal type.
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Lucernex is the innovator in real estate technology and the first to implement and verify technology to support the new FASB guidelines