September 26, 2011
Director of Lucernex Client Services, Jim Short, discusses the NRTA Conference Highlights.
What a difference a year can make! The energy at the NRTA conference this year was definitely around moving forward not just treading water. With the economic picture still cloudy and unsettled, the conversation on technology spending remained conservative. BUT, a new theme emerged – it is time to act!
The conversation around “acting” focused on three areas:
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July 6, 2011
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, 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
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…)
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.
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:
March 14, 2011
Lease Administration expert, David Wells (formerly of Tequilla Software maker of RetaiLease) discusses the under appreciated Lease Administrator
The CFO walked brusquely into the conference room where I was doing a demo. He was wearing baggy shorts, sandals, and a navy hoodie that covered up a red t-shirt that was, as mom used to say, a wee bit too long. He sat down and began to take in my ‘performance’. About six minutes later he stood up to leave at which point one of the attendees interrupted me (politely) and asked the CFO what he thought so far. (more…)
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.
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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.
December 6, 2010
Lease Administration and Accounting expert and Lucernex Director of Client Services, Jim Short, discusses the value of CAM Reconciliation and technology that support it.
Technology, combined with a well defined process is essential to optimizing your expense recoveries. The common mistake many multi-location companies make is not realizing that they are also in the real estate business. They see themselves as retailers or healthcare providers or bankers selling a product or as corporations providing a service and often overlook the impact of their location costs. These costs are usually the second or third highest expense on the P&L behind employee salaries/benefits and inventory. This is one area where most companies can look to find additional cost savings.
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