July 12, 2010
IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses reporting options in IWMS Location Performance Management Applications.
It always amazes me how little importance some software buyers place on reporting options. The fact is, while some IWMS applications have great industry specific functionality or better project management or CAFM or lease administration; the ultimate reason to establish a single source of location data it to enable effective decision-making. And effective decision-making can only come through thoughtful review of summarized data (i.e. reporting). While dashboards can help drive some decision making as can specific analysis functionality, reports are still the most widely used deliverable of any IWMS system.
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Tags: ad-hoc reporting, commercial real estate software, IWMS, IWMS Reporting :: 2 Comments »
April 12, 2010
Lucernex expert and President Joe Valeri (see Joe’s management summary here) discusses how integrated sales prediction modeling improves an IWMS.
There are many vendors of real estate software to choose from today. There are vendors that provide individual solutions for mapping and GIS technology, modeling technology, transaction management, site selection and project management technology and there are several vendors that provide individual applications for facility management and maintenance technology. Firms possessing multiple locations can choose to buy one application at a time selecting the “best of breed” to meet each major set of requirements. For example, it is very common for the construction department of multi-location firms to buy a construction project management system purely to meet that very specific need while the real estate department might choose a lease administration solution and a mapping solution and the facilities group selects capital projects and facilities maintenance applications. The groups buy based on a singularly focused set of requirements pay a fair price and implement their technology.
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Tags: best of breed, commercial real estate software, IWMS, IWMS ERP integration, location performance management :: No Comments »
March 31, 2010
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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Tags: commercial lease software, commercial real estate software, IWMS, Ken Brown SLIM, Lease Administration software, retail lease software, SLIM lease :: No Comments »
March 22, 2010
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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Tags: Buxton, commercial real estate software, customer analytics, geo-mapping, GIS, IWMS, lease analysis, predictive analytics, ROI Prediction :: 1 Comment »
March 15, 2010
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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Tags: commercial real estate software, IWMS, IWMS cost, IWMS Software, iwms total cost of ownership, IWMS Vendors, total cost of ownership, what is iwms :: 9 Comments »
March 1, 2010
Lucernex expert and President Joe Valeri (see Joe’s management summary here) provides details of why Location is the key to Real Estate Technology.
My last blog discussed the very loose definition of IWMS and how it tries to describe a wide array of very different vendors. In this blog I will discuss one type of IWMS, Location Management Software, and what the different end users may need to focus on when selecting a Location Management IWMS.
What are the three things that matter in real estate – Location, Location, Location. This old adage about real estate applies to commercial real estate technology as well. The location is what real estate is all about whether you are a 2000 store retailer, a 30 building corporation, a large hotel company or a multi-building campus – everything you do in relation to your real estate is based on a location. And, managing the performance of each location to perform optimally is the ultimate goal for each location whether it’s optimizing revenue or minimizing cost.
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Tags: commercial real estate software, enterprise location management, IWMS, IWMS Software, lease administration, location management, location performance management :: 14 Comments »
