October 26, 2010
IWMS expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses the risks of upgrading your lease administration software.
Whether you have realized it or not, the “Y2K” of the lease administration market is upon us. When the new FASB guidelines get approved, virtually every company with lease administration software will now have legacy lease administration software that must be replaced. Most, if not all, of the products that have been out for more than a few years will either not be upgraded due to the age of the core technology or ownership changes or will be replaced by their vendor eventually with what is truly a new product, not an upgrade. (more…)
Tags: IWMS, Lease Admin IWMS, Lease Administration software, upgrading lease admin software :: 5 Comments »
October 15, 2010
Fell Lease Administration clients will receive benefits of Lx Contracts & Lx LseMod software; Lucernex clients will receive the industry’s best lease abstraction services
Dallas, TX (October 12, 2010) – Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, announced today that it has partnered with Fell Lease Administration LLC, a Chicago-based lease portfolio management firm, on a deal that will provide both firm’s clients with more complete lease administration services. (more…)
Tags: lease abstracting, lease abstraction, retail lease abstrating :: 1 Comment »
October 4, 2010
Dallas, TX (October, 2010) – Lucernex Technologies success in recent months with the launch of our Lx Contracts products and the impending launch of our new Lx LseMod 15 product, with support for the new proposed FASB regulations, means we need more high energy staff! Lucernex offers great pay and benefits plus a high energy, fun culture where everyone’s voice matters! Come take a look at our new job posting and see if anything fits you! We are currently looking for Senior Java Developers, Technical Support Account Executives, a Financial Model developer and a SQL Server DBA.
Tags: developer jobs, Developer jobs in Dallas, Excel development jobs, Financial modeling jobs, java careers, java developer jobs, java jobs, software jobs, software jobs dallas, software jobs seattle, SQL Server DBA, technology jobs, technology jobs in Dallas :: No Comments »
October 4, 2010
Lucernex expert Jim Duport discusses the potential impact of the FASB GAAP lease accounting changes on the lease versus buy decision.
The law of unintended consequences
A FASB goal is transparency and to match revenue and expenses including commitments of future expenses. Towards this goal, the PROPOSED FASB change in the GAAP lease accounting would require that the Rent Calculated (or estimated in the case of percentage rents) would be booked as an expense to the P&L and shown as an asset on the balance sheet taking into account “probable” renewal periods.
(more…)
Tags: buy vs. lease, fasb changes, fasb lease accounting changes, FASB lease changes, lease vs buy, MULTIPLE renewal options :: 6 Comments »