November 8, 2010

The cost of waiting to upgrade your Lease Admin Systems for FASB

Former Accountant, Lease Administration and Accounting expert and Lucernex Director of Client Services, Jim Short, discusses the high cost of waiting to upgrade your Lease Administration system.

Changes to FASB / GAAP rules are eminent. Little has changed in the last few reviews and the rules are now out for final comment. It is clear the changes reflect an enormous shift in how leaseholders will account for their leases. The biggest unanswered question seems to be whether they will go into effect in 2013 or 2014.

What we hear from retailers is that they plan to wait until the final rules are adopted before making any changes. There are a number of reasons why waiting is a very dangerous choice. (more…)

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October 26, 2010

Risks of upgrading Lease Administration Software alone or as part of an IWMS

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…)

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September 13, 2010

Why lease administration analysis software is more critical now then ever before

Lucernex expert and EVP Ken Brown’s (see Ken’s management summary here) discusses why lease administration and lease analysis software have never been more important.

Big changes are coming to lease accounting laws and these changes will ultimately impact how real estate leases are created and executed. The changes are going to be significant and far-reaching. Real estate professionals need to see the writing on the wall and be prepared with a plan of action to ensure their company’s existing and future leases comply with this new standard. (more…)

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September 8, 2010

Lucernex Technologies to Showcase Lx Contracts at National Retail Tenants Association Annual Conference

Dallas, TX (September, 2010) – Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, will be showcasing Lx Contracts, its lease administration and contract management software solution, at the National Retail Tenants Association (NRTA) Annual Conference taking place September 26-29 in Anaheim, Ca.
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August 6, 2010

NRTA 2010 Annual Convention

What: NRTA Expanding Knowledge, Lease Administration Best Practices
When: September 26-29, 2010
Where: Anaheim Marriott Hotel – Anaheim, CA

Come to the Lucernex booth and enter to win a Kindle!

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August 6, 2010

Lucernex at NRTA

Lucernex will be presenting the newest version of its Lease Administration and Rent Accounting software, Lx Contracts, at the annual NRTA conference in Anaheim, CA, September 26-29, 2010. Lx Contracts was designed by Ken Brown, the grandfather of Lease Administration Software, and Jim Short – both of NFG (National Facilities Group) fame – the designers of SLIM. Come see Jim Short and the Lucernex team at our NRTA booth, hand them your business card, get a demo of Lx Contracts and you will be entered to win a Kindle!

The Lucernex team will also have details on our Legacy Lease Administration Replacement program for users of outdated SLIM, REM, Siteseer and RetaiLease products.

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May 3, 2010

Lucernex Technologies Promotes Howard Zola to Vice President, U.S. Sales

Howard Zola Heads up Sales Team for Real Estate Intelligence Software Developer

DALLAS – (May 3, 2010) – Lucernex Technologies, a developer of business intelligence software for real estate management and development, announced today that it has promoted Howard Zola to vice president of U.S. sales. In this position, Zola will lead the company’s domestic sales efforts for its suite of Location Performance Management products for the corporate and retail real estate industry.
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March 31, 2010

It’s time to upgrade lease administration software now

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.
(more…)

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March 23, 2010

Replacing SLIM?

In 2009, Ken Brown, former CEO and Founder of National Facilities Group and the designer of the SLIM Lease Administration solution, joined Lucernex. He along with Lucernex’s President Joe Valeri, set out to design a new module of Lx Retail to manage all Leases and Contracts. The results is Lx Contracts!, a 100% web-based Lease Administration and Contract Management tool. SLIM was the first major lease administration solution to hit the market in the late 1980′s and was managed and developed by Ken until 2003. Ken’s expertise with all of the major lease administration tools including SLIM, REM, Siteseer, Virtual Premise, amtdirect and RetaiLease allowed Lucernex to create the new industry standard product for Lease Administration and Contract Management.
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March 7, 2010

The power of Location Management

Lucernex expert and President Joe Valeri (see Joe’s management summary here) provides details of why Location is the key to Real Estate Technology.

In the last Blog I talked about the importance of an SLM solution (Retail IWMS) using the Location as the central organization point for all data.
(more…)

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