Contact us

The Lucernex Blog

Verdantix Highlights Accruent’s Path to IWMS Powerhouse

by Casey Hotchkiss on GENERAL

In August 2017, Accruent, a provider of real estate, facilities and asset management software solutions, announced that it acquired Lucernex, an integrated workplace management system (IWMS) software vendor offering a third-party verified FASB/IASB compliant lease accounting solution. Verdantix, an independent research and consulting firm focusing on business operations optimization, issued the white paper, “Accruent Takes […]

Read More
November 21, 2017

Accounting Assumptions, ASC 842 Test, Outputting Reports

by Casey Hotchkiss on GENERAL, FASB COMPLIANCE

In our first blog of the three-part series on FASB Readiness, we outlined the first step to FASB/IASB readiness: identify, collect, and load your real estate and equipment leases. In this blog, we’ll discuss steps 2-4, taking the data you have collected and making sense of it. Are you ready for the new FASB/IASB reporting […]

Read More
November 10, 2017

We’ll See You at NRTA!

by Lucernex on GENERAL

The new FASB/IASB accounting standards require companies to pull all qualifying leases onto the balance sheet as assets and liabilities, requiring organizations to review existing processes and build new ones. “A company’s leasing obligations for real estate and equipment can reach into the millions to billions of dollars, so it’s critical that leases are accounted […]

Read More
September 25, 2017

[FASB Readiness Series] Step 1 – Identify, Collect, and Load Your Real Estate and Equipment Leases

by Lucernex on GENERAL, FASB COMPLIANCE

This is the first blog in our Five Steps to FASB Readiness series.  Get lessons learned from a customer about their FASB/IASB implementation. Join the Nov 9 webinar. According to a report issued by EY, only 27% of finance and IT executives feel confident about meeting the critical milestones to comply with the FASB/IASB lease […]

Read More
September 5, 2017

Implement FASB Standards for Equipment Leases and Understand Benefits of Compliance

by Lucernex on GENERAL, FASB COMPLIANCE

One of the biggest impacts of the new FASB/IASB standards is the recognition of equipment leases on balance sheets. The upcoming regulatory deadline is putting pressure on organizations to quickly identify equipment leases, integrate and become compliant. Join us for a free on-demand webinar covering the unique equipment lease challenges and learn helpful tips for becoming […]

Read More
August 17, 2017
Load more

Verdantix Highlights Accruent’s Path to IWMS Powerhouse

by Casey Hotchkiss on GENERAL

In August 2017, Accruent, a provider of real estate, facilities and asset management software solutions, announced that it acquired Lucernex, an integrated workplace management system (IWMS) software vendor offering a third-party verified FASB/IASB compliant lease accounting solution. Verdantix, an independent research and consulting firm focusing on business operations optimization, issued the white paper, “Accruent Takes […]

Read More
November 21, 2017

Accounting Assumptions, ASC 842 Test, Outputting Reports

by Casey Hotchkiss on GENERAL, FASB COMPLIANCE

In our first blog of the three-part series on FASB Readiness, we outlined the first step to FASB/IASB readiness: identify, collect, and load your real estate and equipment leases. In this blog, we’ll discuss steps 2-4, taking the data you have collected and making sense of it. Are you ready for the new FASB/IASB reporting […]

Read More
November 10, 2017

We’ll See You at NRTA!

by Lucernex on GENERAL

The new FASB/IASB accounting standards require companies to pull all qualifying leases onto the balance sheet as assets and liabilities, requiring organizations to review existing processes and build new ones. “A company’s leasing obligations for real estate and equipment can reach into the millions to billions of dollars, so it’s critical that leases are accounted […]

Read More
September 25, 2017

[FASB Readiness Series] Step 1 – Identify, Collect, and Load Your Real Estate and Equipment Leases

by Lucernex on GENERAL, FASB COMPLIANCE

This is the first blog in our Five Steps to FASB Readiness series.  Get lessons learned from a customer about their FASB/IASB implementation. Join the Nov 9 webinar. According to a report issued by EY, only 27% of finance and IT executives feel confident about meeting the critical milestones to comply with the FASB/IASB lease […]

Read More
September 5, 2017

Implement FASB Standards for Equipment Leases and Understand Benefits of Compliance

by Lucernex on GENERAL, FASB COMPLIANCE

One of the biggest impacts of the new FASB/IASB standards is the recognition of equipment leases on balance sheets. The upcoming regulatory deadline is putting pressure on organizations to quickly identify equipment leases, integrate and become compliant. Join us for a free on-demand webinar covering the unique equipment lease challenges and learn helpful tips for becoming […]

Read More
August 17, 2017
Load more

Accounting Assumptions, ASC 842 Test, Outputting Reports

by Casey Hotchkiss on GENERAL, FASB COMPLIANCE

In our first blog of the three-part series on FASB Readiness, we outlined the first step to FASB/IASB readiness: identify, collect, and load your real estate and equipment leases. In this blog, we’ll discuss steps 2-4, taking the data you have collected and making sense of it. Are you ready for the new FASB/IASB reporting […]

Read More
November 10, 2017

[FASB Readiness Series] Step 1 – Identify, Collect, and Load Your Real Estate and Equipment Leases

by Lucernex on GENERAL, FASB COMPLIANCE

This is the first blog in our Five Steps to FASB Readiness series.  Get lessons learned from a customer about their FASB/IASB implementation. Join the Nov 9 webinar. According to a report issued by EY, only 27% of finance and IT executives feel confident about meeting the critical milestones to comply with the FASB/IASB lease […]

Read More
September 5, 2017

Implement FASB Standards for Equipment Leases and Understand Benefits of Compliance

by Lucernex on GENERAL, FASB COMPLIANCE

One of the biggest impacts of the new FASB/IASB standards is the recognition of equipment leases on balance sheets. The upcoming regulatory deadline is putting pressure on organizations to quickly identify equipment leases, integrate and become compliant. Join us for a free on-demand webinar covering the unique equipment lease challenges and learn helpful tips for becoming […]

Read More
August 17, 2017

Equipping You for Equipment and Real Estate Lease Accounting

by Lucernex on GENERAL, FASB COMPLIANCE

Assess where you should be in the compliance process. Join the Nov 9 webinar. Frank sat in the Accounting Office behind mountains of paperwork. Some of the rubber-banded stacks were small, containing documents that were clearly leases – the company’s real estate agreements. But other stacks, scattered across his desk, were full of master equipment […]

Read More
August 15, 2017

Accruent Continues Its Acquisition Spree With Its Well-Timed Purchase of Lucernex To Tap Lease Accou...

by Lucernex on GENERAL, FASB COMPLIANCE

On 9 August 2017, real estate, facilities and asset management software provider Accruent announced it has acquired Integrated Workplace Management System (IWMS) vendor Lucernex. Genstar Capital-backed Accruent plans to use this latest acquisition to support it in targeting emerging lease accounting opportunities, as the major accounting boards FASB and IASB require organizations to bring all […]

Read More
August 9, 2017
Load more

Wrapping Up the Second Session in San Diego

by Lucernex on GENERAL, REAL ESTATE LIFECYCLE

Attendees at the second Lucernex Regional User Group, hosted at the Jack in the Box corporate office in sunny San Diego, spent time during the two-day event networking, participating in lightening talks and diving deep into the FASB/IASB regulations. Our resident FASB/IASB subject matter expert, Mike Hammerslag, hosted the FASB Happy Hour, which walked users […]

Read More
June 21, 2017

Success at our Inaugural Regional User Group!

by Lucernex on GENERAL, REAL ESTATE LIFECYCLE

We wrapped up our inaugural Regional User Group last week, hosted at the Genesco corporate campus in Nashville. Lively panel discussions and invaluable networking were highlights of the two-day session, as customers and our staff alike had the opportunity to exchange ideas on many topics, from discussing tactical ways to use the solution to assist […]

Read More
May 30, 2017

Get Ready to Do Your RECon

by Lucernex on GENERAL, REAL ESTATE LIFECYCLE

Lucernex will be attending the ICSC RECon in Las Vegas next week. This massive event is the world’s largest retail real estate convention filled with 37,000 attendees looking to network, learn, and grow their business. If you’re headed to this year’s RECon, we want to make sure you get the most out of your conference […]

Read More
May 17, 2017

How to Fuel Success in Your Data Migration

by Lucernex on GENERAL, REAL ESTATE LIFECYCLE

When converting from a legacy system to a new software environment, who do you trust to touch your data? It’s an important question, considering the high rate of failure that plagues the data migration process in most companies. In fact, only two-thirds of data migration projects are executed on time and within budget, according to […]

Read More
April 20, 2017

Five Red Flags That Can Lead to Implementation Failure

by Lucernex on GENERAL, REAL ESTATE LIFECYCLE

Our industry is riddled with failed implementations. Long after the business case has been made and the vendor is chosen, all too often, timelines stretch from weeks to months or even years, and reaching an official go-live seems hopeless. With the FASB/IASB deadline looming on the horizon, a successful implementation process is more critical than […]

Read More
April 7, 2017
Load more

Ask The Hammer: How Will the New FASB/IASB Standards Affect My Lease Vs. Buy Strategy?

by Lucernex on FASB COMPLIANCE, ASK THE HAMMER

Find your leases and implement on time and on budget. Join the Nov 9 webinar. The lease vs. buy analysis has had a longstanding function in corporate finance. The allocation of capital has historically, always been constrained and leasing has been a means by which asset decisions could be made without directly impacting the capital […]

Read More
July 31, 2017

Ask the Hammer: Will Finding My Leases Uncover New Savings Opportunities?

by Lucernex on GENERAL, FASB COMPLIANCE, ASK THE HAMMER

Find your leases and implement on time and on budget. Join the Nov 9 webinar. The upcoming FASB changes have firms searching for leases in the most unlikely places. In this example, a real estate executive found leases in the file cabinet of his Chief Marketing Officer. After some investigation and analysis, they were able to […]

Read More
July 7, 2017

Ask The Hammer: How Do I Locate My Leases?

by Lucernex on GENERAL, FASB COMPLIANCE, ASK THE HAMMER

Find your leases and implement on time and on budget. Join the Nov 9 webinar. Our FASB/IASB subject matter expert Mike Hammerslag, aka “The Hammer,” answers the difficult questions about converting to the new lease accounting standards. The balance sheet is growing under the new financial reporting standard issued by FASB, which asks that all […]

Read More
June 6, 2017
Load more