Lucernex Real Estate Solutions Strategist, Mike Hammerslag, discusses recent progress by FASB.
The Boards jointly confirmed on July 21-22, 2011, that they would re-expose a new and updated Leasing Standard Exposure Draft incorporating the changes and progress made since the August 2010 Exposure Draft. The new Draft, including a period of discussion, will be compiled in the 3rd quarter of 2011 and released shortly thereafter sometime in the 4th quarter of 2011. (more…)
August 11, 2011
Re-Exposure confirmed, Grandfathering NOT
July 6, 2011
Tentativeness meets Progress
Manager of Lucernex Lease Analysis products, Mike Hammerslag, discusses recent progress by FASB / IFRS.
I have blogged previously about the tentative nature of the efforts between the FASB / IFRS. To some of you this has may have appeared harsh, while to others, it likely seemed an accurate view of FASB/IFRS positioning. In my reading of changes to the FASB/IFRS position, it true that FASB and IFRS are making progress. The most recent accomplishments from the recent meetings of these two groups are:
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July 6, 2011
Lucernex featured in Chain Store Age
“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.
If you would like to get the full survey results click here.
June 29, 2011
NRTA Survey: Retailers moving away from point solutions
Retail technology expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses one takeaway from the recent joint NRTA / Lucernex survey on retailer FASB readiness.
We recently concluded a joint survey with the National Retail Tenants Association (NRTA) focused on the retailers’ perspective of the impact of the FASB changes and their readiness for those changes. One of the great things about collecting this much data at once is that many different dimensions can be explored. The finding that intrigued me the most was HOW retailers are planning to solve the problem and WHO they were involving in the resolution. This finding accentuated for me the vast advances the retail industry has made in both technology and process integration over the past 10 to 15 years. (more…)
May 10, 2011
Lucernex Technologies Leads the Market In Transitioning Retailers From Legacy Software to Cloud Solutions
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.
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…)
