January 23, 2012
Dallas, TX (January 23, 2012) – Lucernex Technologies, a leader in retail real estate solutions, has been awarded ISO 9001:2008 certification for its Quality Management System, displaying the companies deep dedication to excellent customer service and continuous quality improvement. ISO 9001 is an internationally recognized quality management system standard which requires certified companies to implement a comprehensive quality management system that addresses all areas of operations – from internal staff training practices to product development, delivery and customer service.
To be awarded certification, an audit of Lucernex’s Quality Management system was conducted in 2011 culminating in certification in November of 2011. A third party auditing firm, Quality Systems Registrars, Inc. (QSR), performed the ISO 9001 certification. (more…)
Tags: ISO 9001, real estate software, Retail software, SaaS solution, SSAE 16 :: No Comments »
January 16, 2012
Dallas, TX (January 16, 2012) – Lucernex Technologies announces that it has completed an SSAE 16 audit, demonstrating Lucernex’s commitment to ensuring a highly secure, high quality service environment for its Cloud-based Real Estate Software applications. This is a major accomplishment for Lucernex, making them the only Retail Focused Real Estate Management Solution in the industry with such credentials.
SSAE 16, which supersedes the SAS 70 audit standard, was designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for management to obtain assertions about service organization internal controls without conducting separate assessments. “As a provider of SaaS solutions delivered in the Cloud, SSAE 16 compliance ensures all Lucernex products are safely and securely controlled. To our clients it means they can feel safe using our solutions to develop, build and manage their real estate portfolio”, said Ken Brown, EVP and CIO of Lucernex. (more…)
Tags: ISO 9001, real estate software, Retail software, SaaS solution, SSAE 16 :: No Comments »
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…)
Tags: capital project management, Jack-in-the-box, real estate software, retail real estate, Store lifecycle management :: 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 »
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.
(more…)
Tags: financial feasibility of in house development, in-house real estate software development, real estate software :: No 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:
(more…)
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 »
February 21, 2010
Lucernex expert Jim Duport (see Jim’s management summary here) discusses GAAP sublease accounting.
GAAP Sublease Accounting
Summary of GAAP/FASB Accounting for a Loss Associated with a Sublease
Our interpretation of GAAP sublease analysis according to FASB accounting rules is as follows:
Overview: Start by determining the net present value of all rental costs including write-offs of depreciation and subleasing costs, offset by the sublease income (the NPV write-off). The Income Statement (Profit & Loss statement) is then charged the NPV write-off and it is charged an interest expense based on a declining balance of the NPV write-off, the accretion interest expense. The declining balance is determined by taking the net monthly costs (including sublease income) and the interest expense and deducting that cost from the NPV write-off.
Steps are as follows:
(more…)
Tags: commercial lease analysis, commercial real estate, Commercial real estate analysis, GAAP Accounting, GAAP Sublease Accounting, Lease Administration software, lease analysis, LseMod, real estate software, sublease analysis :: 6 Comments »
February 14, 2010
Lucernex expert Jim Duport (see Jim’s management summary here)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.
Importance of P&L?
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).
(more…)
Tags: cash flow vs P&L, commercial lease software, lease accounting, lease analysis, lease analysis software, LseMod, P&L vs cash flow, procalc, real estate software :: 8 Comments »
January 21, 2010
Lucernex Technologies Announces Exclusive Price Discount for Former Accruent SLM and IWMS Users
Dallas – (January 22, 2010) – Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, announced today that it is offering discounted subscription fees and fixed-price implementation of its Lx IWMS workplace management solution to anyone wishing to transition from Accruent’s SLM and IWMS products following Accruent’s announcement that it has been acquired by Vista Equity Partners.
Lx IWMS from Lucernex Technologies is the most comparable solution to Accruent currently on the IWMS market and offers a higher level of functionality as well as the most natural and lowest-priced migration path. The core of Accruent’s IWMS solution (previous called Store Lifecycle Management), was licensed from Lucernex in 2004 and has been installed as part of Accruent’s solution by dozens of large retailers.
(more…)
Tags: Accruent, ELM, location management, Lucernex, real estate software, REM, Retail lease, SLIM, SLM :: 1 Comment »
January 15, 2010
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…)
Tags: commercial real estate, commercial real estate software, lease analysis, LseMod, real estate broker, real estate software :: 1 Comment »
