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…)
Tags: FASB 13 changes, FASB readiness, GAAP Accounting changes, lease administration, Lease Administration software, NRTA survey, Store lifecycle management :: No Comments »
June 27, 2011
Lucernex Vice President of Product Management and Retail industry veteran Louise Mailloux-McBurnett talks about the buzz at this years ICSC Recon.
I recently attended the ICSC ReCON in Las Vegas. It was a wonderful opportunity to mingle with current and prospective clients as well as leaders in the real estate world. As Vice President of Product Management for Lucernex, I naturally have my ear to the ground regarding technology and tech issues and how they affect retail.
It was an exciting event this year with attendance much stronger than in recent years.
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Tags: AMT, FASB, FASB 13, ICSC 2011, Lease Admin, lease administration, REM, Retail, retailease, Siterra, Siteseer, SLIM, SLM, Virtual Premise :: 1 Comment »
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 »
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 »
