September 26, 2011
Director of Lucernex Client Services, Jim Short, discusses the NRTA Conference Highlights.
What a difference a year can make! The energy at the NRTA conference this year was definitely around moving forward not just treading water. With the economic picture still cloudy and unsettled, the conversation on technology spending remained conservative. BUT, a new theme emerged – it is time to act!
The conversation around “acting” focused on three areas:
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September 21, 2011
Dallas, TX (September 20, 2011) – Lucernex Technologies announced today that Aaron’s, Inc. (NYSE: AAN) has selected Lucernex’s Lx Retail to manage its over 1,895 Company-operated and franchised stores in 48 states and Canada.
“After evaluating our operational requirements, we realized that we needed more than just a replacement for our legacy lease administration system. We needed an integrated approach to managing our real estate. Lucernex offers a solution that will allow us to manage the entire store life cycle in one database and on one platform,” said VP of Real Estate, Paul Doize. “Lucernex has clearly applied their top-down knowledge of real estate to design a solution that will provide value to our entire organization, from the executives to the lease administrators, real estate accountants, and the franchise management team.” (more…)
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…)
June 24, 2011
“Managing the Store’s Lifecycle, All in One Place”
Dallas, TX (June 23, 2011) – Lucernex is featured in a Retail Traffic article by Elaine Misonzhnik titled “Managing the Store’s Lifecycle, All in One Place” where EVP and CIO Ken Brown and CEO Mike Nuzum discuss how Lucernex set out, in 2000, to build a single solution to manage the entire Retail Store Lifecycle process.
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…)
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…)
March 29, 2010
Lucernex expert and President Joe Valeri (see Joe’s management summary here) discusses how integrated sales prediction modeling improves an IWMS.
In my last Blog I discussed use of Lease Analysis integrated into IWMS to provide the cost side of an ROI prediction tool. Cost is only half the data needed however, an accurate and trusted prediction of sales is equally important.
Sales prediction modeling is a tool used by real estate organization with multiple revenue producing sites whether it is direct sales, cell phone contracts, walk-in patients, investment clients, or tuition payments. In all cases a picture of “the customer” must be produced, usually based on past location results or a client defined picture of their customer.
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July 19, 2007
On July 19, 2007, Experian Business Strategies issued a press release announcing that it had added real estate lifecycle management capabilities to their offerings.
Irving, Tex., July 19, 2007 – Experian Inc., a global information solutions company, announced today the most recent addition to its portfolio of business solutions – the Real Estate Lifecycle Manager.
The Real Estate Lifecycle Manager enables a business to proactively manage the market planning, site selection, design, construction and ongoing facility management processes for its real estate portfolio. Detailed information on every location, at each stage of the project, is now available at the touch of a button. Fully developed security enables a business to ensure that everyone with a “need to know” has immediate access, yet prevents unauthorized access to the data from either inside or outside the company. Automation and flexibility have been combined with real estate management best practices to improve the efficiency and efficacy of all real estate procurement, development and management processes.
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.