May 13, 2013
Real Estate Technology expert and Lucernex President, Joe Valeri (see Joe’s management summary here), has written a Newsletter featuring Gartner research discussing, how Cloud and Mobile technologies impact Real Estate. Below is the Introduction to that Newsletter.
To get the complete Newsletter, which includes the featured Gartner research note titled “Predicts 2013: New Trends Bring New Challenges for IT Asset Management and Procurement”, go to the Lucernex Knowledge Base.
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May 17, 2011
Restaurant Company Implements Web-based Store Lifecycle Management Product Suite to Manage its Jack in the Box® Real Estate Portfolio
Dallas, TX (May 17, 2011) – Lucernex Technologies, Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that Jack in the Box Inc. (NASDAQ: JACK) has purchased and implemented Lucernex’s store lifecycle management solution to manage its real estate portfolio, which includes more than 2,200 Jack in the Box® restaurants across 19 states. By implementing the retail version of the Lx Retail product suite, Jack in the Box can streamline its process of selecting store sites; building and opening new store locations; as well as managing existing locations to avoid costly time delays and save costs. (more…)
September 23, 2010
IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses why internally developed real estate software is no longer financially feasible.
We recently attempted to sell our applications to a very large retail chain which ended with them deciding that their “IT department had looked at everything out there and they decided to build it in-house instead.”
While it has become far less common, there remain corporate, retail and healthcare companies that still go down the road of building their own real estate management software. In the current economy, with the number of low-cost and low-risk software options out there today, I can’t imagine how a valid financial argument can be made to justify the internal short and long-term cost of an internally developed application.
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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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February 14, 2010
Lucernex expert Jim Duport describes the important of the P&L statement and compares use of Cash flow analysis vs P&L analysis.
Intended for Corporate Real Estate Managers and Tenant Rep Brokers.
First and foremost, in a corporation the cost charged to a manager’s budget is the PreTax P&L, not the Cash Flow. Since performance evaluations and bonuses are based on budgets, it is important to know how the impact of an action (e.g. leasing space) impacts the budget.
Profit & Loss (P&L) is what companies use when reporting financial results. A company’s P&L is perhaps more important than its Cash Flow. It shows whether or not a business has achieved its primary objective – earning a profit.
You have probably heard people say, “Profitability is key.” Profitability is different from Cash Flow. Profitability is the number reported to Wall Street and quoted in newspapers in earnings per share (EPS).
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January 15, 2010
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So many brokers are competing for deals with the same companies every day. I can bet that each company with a lease renewal or relocation on the horizon is about to get 20 calls a week from an almost begging the agent to get an appointment. With an already skeleton crew or perhaps nearly busting at the seams these companies are looking for the best guy or gal to get the job done quickly, efficiently and thoroughly for them. There is no time to be reviewing broker’s resumes or interviewing 5 top agent commercial houses. These CEO’s and CFO’s want to find someone who can solve their problems overnight. It’s the receptionists that file those stacks of resumes and business cards, but there is always one that catches the eye……………..
New agents today are nearing starvation to land a deal, while the “Old Dogs” still keep slamming deals out of the park. Makes you wonder how they do that……..repeat business is key of course but reinventing yourself in today’s competitive market is critical to be in front of the pack. Don’t be fooled those “Old Dogs” are learning new tricks too. (more…)
October 31, 2009
LseMod products enhance Lucernex IWMS to provide corporate and commercial real estate clients with advanced Web-based lease modeling and financial analysis tools
Dallas, TX (October 27, 2009) – Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced the acquisition of Lease Cost Solutions Inc, the developers of LseMod, the industry leader in lease modeling and financial analysis software for the commercial, industrial and office real estate industry. Lucernex is acquiring LseMod to enhance the capabilities of the Lucernex Integrated Workplace Management System (IWMS), which currently helps numerous Fortune 500 customers save time and money across the entire property identification, development and asset management lifecycle.
April 15, 2009
Originally published in IWMS News, Posted on 15 April 2009
Last week I wrote a post about Customization and IWMS. By explaining the customization paradigm I have put forward seven reasons why you shouldn’t customize your IWMS.
In this post I’ll discuss the other side of the Customization Paradigm; Configuration.
Configuration is adapting a solution to deliver your processes and requirements without modifications to the source code of the core product.
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April 10, 2009
Originally published in IWMS News, Posted on 10 April 2009
In most IWMS software selection procedures I’ve come across customers think they represent an unique business case. However, I’ve been involved in selection procedures for more than two decades now and I have come to conclusion that within the IWMS arena most business cases are for about 80% the same. Organizations that want to buy an IWMS could benefit enormously from off the shelf products based on best practices with predefined work flows, procedures and standardized configurations, potentially saving substantial resources both in time and money.
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