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 :: 3 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 :: 5 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 »
December 31, 2009
Lucernex expert and President Joe Valeri (see Joe’s management summary here) discusses the use of social media in the real estate industry.
It will probably surprise you as much as it did me when you learn that real estate professionals are the number one user of social media for finding business resources (www.business.com/info/business-social-media-benchmark-study). So what are real estate professionals using social media for and which sites are they using most. The study linked above will tell you that the most common social media use is attending webinars and watching podcasts. A bit more research shows that there are thousands of real estate professionals on the major social media sites like LinkedIn, Facebook and even Twitter. While these tools are useful for finding out a little about a person and for providing contact information, other real estate professionals are setting themselves apart by creating Blogs and other web resources to provide industry information that many will benefit from. For example The Tenant Advisor: http://www.coydavidson.com/ is a good example of how a single house can use social media to provide information about their market while promoting themselves. The writer also recently provided “scores” for the effectiveness of social media for his business.
(more…)
Tags: commerical real estate, Jim Duport, Ken Brown, Mike Nuzum, real estate blog, real estate broker, real estate social media, real estate software, social media in real estate :: No Comments »
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.
(more…)
Tags: integrated workplace management, IWMS, Lease Cost solutions, Lease Mod, LseMod, Lucernex, real estate software :: No Comments »
April 10, 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.
(more…)
Tags: commercial real estate software, IWMS, IWMSNews, lease software, real estate software :: No Comments »
September 28, 2004
Transaction Unites Experts in Retail Real Estate Market to Create Industry Powerhouse
Santa Monica, CA and Dallas, TX, September 28, 2004 – Accruent, Inc., the leading provider of enterprise contract management solutions, announced today that it has acquired rights to license and resell Lucernex Inc. software products. Lucernex is a privately held Dallas-based company that provides advanced real estate process and asset management applications for retailers.
(more…)
Tags: Accruent, mark friedman, real estate software, real estste performance management, Store lifecycle management :: No Comments »
