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.
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Tags: FASB, FASB 13, IWMS, lease administration, National Retail Tenants Association, NRTA, Rent accounting :: No Comments »
April 5, 2011
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…)
Tags: Accruent ELM, Accruent SLM, Compare IWMS, IWMS, IWMS vs SLM, Lucernex SLM, real estate software, Store lifecycle management :: 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.
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Tags: Accruent, IWMS, Lawson, Lease Administration software :: No Comments »
November 22, 2010
Corporate Real Estate expert and Lucernex CEO, Mike Nuzum (see Mike’s management summary here) along with IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discuss their perspective on the history of the IWMS market.
Typically in our blogs, we attempt to write an impartial analysis of the subject at hand and save the Lucernex marketing for the end. However, in this blog, the story of the IWMS market is really the story of Lucernex so there is no way to separate the Lucernex details from the body of the blog.
This is the story of how the IWMS market came about, from the perspective of several industry experts who work at or with Lucernex. As IWMS is a consolidation of the Facilities Management, Facilities Maintenance and Corporate Real Estate software markets, I am very sure there are other opinions from other vendors, especially from outside the retail part of this market, but here’s our viewpoint. (more…)
Tags: IWMS, IWMS history, what is iwms :: 2 Comments »
October 26, 2010
IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses the risks of upgrading your lease administration software.
Whether you have realized it or not, the “Y2K” of the lease administration market is upon us. When the new FASB guidelines get approved, virtually every company with lease administration software will now have legacy lease administration software that must be replaced. Most, if not all, of the products that have been out for more than a few years will either not be upgraded due to the age of the core technology or ownership changes or will be replaced by their vendor eventually with what is truly a new product, not an upgrade. (more…)
Tags: IWMS, Lease Admin IWMS, Lease Administration software, upgrading lease admin software :: 5 Comments »
September 7, 2010
IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses use of third party software licenses in IWMS.
So here is one of the dirty little secrets of all software vendors including almost all IWMS vendors. Has this happened to you? Your company begins a product selection and ask for preliminary pricing from vendors to make sure they are in the ballpark. They provide informal pricing. You pick your finalists and send out the RFP. When you look at the pricing provided in the RFP you notice the pricing they provided is shown but there is also a list of required third party licenses; often not including the prices of those licenses (which probably makes you think they are negligible).
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Tags: IWMS, IWMS selection, IWMS vendor comparison, Third party software :: No Comments »
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 »
June 14, 2010
IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses the differences between a single platform and multi-platform IWMS and why you should care.
Have you ever looked at an older house and noted how it’s had extensions added that don’t fit the original house? Whether it’s the pattern of the windows, the exterior surface or the shape of the extension that does not match you can tell it’s just not right and makes the whole structure look bad. Inside the house, the switch and outlet layout in the new rooms are different and the plumbing does not work as well as it did before. The air conditioning doesn’t get the house as cool and even the foundation of the house is cracking because the new and old sections are settling differently.
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Tags: Accruent, IWMS, Manhattan Centerstone, single platform IWMS, Tririga :: 4 Comments »
May 24, 2010
Lucernex expert and EVP Ken Brown’s (see Ken’s management summary here) provides a case for why integrated IWMS solutions are more beneficial than stand-alone real estate solutions or “Franken Products”.
When considering the purchase of real estate software point solutions such as Lease Administration, Project Management, Purchase Management, CMMS and Space Planning/CAFM it is helpful to understand the differences, benefits and challenges of a-la-carte options vs. an integrated suite of products. Individual software solutions are just that – products that are sold individually and have little to no compatibility with other product offerings. Product suites like an Integrated Workplace Management System (IWMS) are offered as an integrated group of solutions and give the user benefits such as flexibility, ease of use, common overhead, better support for system architectures and platforms. Vendors, like Lucernex Technologies, who build their systems from the ground up using one architecture, one database, one codebase and one common interface eliminate many of the problems encountered with so-called “best of breed” solutions. This blog will illustrate specific examples of why an integrated product suite such as IWMS is best:
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Tags: best of breed real estate software, franken product, IWMS, IWMS CAFM, IWMS CMMS, Ken Brown, real estate software, SLIM, stand alone real estate software :: No Comments »
