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May 7, 2012
Dallas, TX (May 7, 2012) – Lucernex Technologies, a leader in retail real estate solutions, announces the go-live of the rapidly growing restaurant chain, Buffalo Wild Wings (BWW), on its Cloud-based Lease Administration and Rent Accounting solution, Lx Contracts. Lx Contracts is one of four modules in Lucernex’s purpose-built Store Lifecycle Management solution, Lx Retail.
The project included a complete client product configuration and data conversion from a client / server legacy system (SLIM). Implementation also included extensive testing and training.
“We chose Lucernex to replace SLIM to get us on a modern lease administration platform. We also like the fast performance of Lx Contracts and high quality service of Lucernex’s implementation team.” said Kathy Backman, Lease & Licensing Manager, “Jim and the Lucernex team were very knowledgeable about retailers lease administration needs, which made them very easy to work with.”
“The imminent FASB rule changes will substantially alter the way retailers account for their leases”, said Jim Short, Lucernex’ Director of Client Services, “We enjoyed helping Buffalo Wild Wings replace their legacy system and prepare for the FASB changes”. Jim has implemented hundreds of lease administration systems in his 15+ years of experience and is now focused on converting retailers from their outdated legacy lease administration systems to Lx Contracts.
Ken Brown, former CEO of the National Facilities Group and the creator of SLIM, designed Lx Contracts to be the next generation of Lease Administration solutions for the retail industry, capable of managing all of the changes likely to be implemented due to the new FASB rules.
Founded in 2000, Lucernex Technologies provides retail real estate professionals with powerful cloud-based solutions to manage the store lifecycle. All Lucernex solutions were designed “by retailers for retailers” and can manage any size portfolio of leased and owned properties. Fortune 500 companies in the corporate real estate, hospitality and retail industries use Lucernex Technologies solutions every day to ensure compliance, mitigate risk and empower effective growth. As an innovative leader in retail real estate solutions, Lucernex continues to grow its customer base by applying its Web-based software expertise and real estate development insight to provide advanced tools and services for business. For more information, please visit www.lucernex.com.
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…)
December 6, 2010
Hosted by Lucernex and Verian Technologies
Thursday, December 9 at 2-2:30pm EST
Click Here To Register
Common-area maintenance (CAM) lease reconciliation is one of the biggest challenges retail finance departments face. Usually crafted by lawyers, CAM leases are notoriously difficult to reconcile. More importantly, retailers leave thousands of dollars on the table every year because there’s no easy way to match up invoices to the original CAM lease.
December 6, 2010
Robert Abdul joins Real Estate Intelligence Software Developer
DALLAS – (December 6, 2010) – Lucernex Technologies, a developer of business intelligence software for real estate management and development, announced today that it has hired Robert Abdul as vice president of global sales. In this position, Abdul will be responsible for directing and managing all sales initiatives for the Lucernex suite of Location Performance Management solutions for corporate and retail real estate executives. Lucernex’s solutions are currently in use by hundreds of thousands of locations in the global retail, hospitality, engineering and construction industries, as well as hundreds of corporate real estate executives and real estate brokers worldwide.
November 18, 2010
Dallas, TX (November 15, 2010) – NREI Online featured two Lucernex Technologies Executives – Ken Brown, Executive Vice President and CIO, along with the creator and lead developer of the LX LseMod products and the Lucernex Financial Engine, Jim Duport – discussing how New Software Helps Companies Adjust to Changing FASB Rules.
November 1, 2010
Software will be first to support the new guidelines in the Lease Analysis and Lease Administration markets.
Dallas, TX (November 1, 2010) – Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that it has created a CPA-verified, upgraded financial engine that will soon be available within its lease analysis and lease administration solutions. Lucernex’ upgraded financial engine is the first available in the IWMS and lease administration software industries that is compliant with the expected changes to the Financial Accounting Standards Board (FASB) rules for lease accounting. The capabilities of the new financial engine will include enabling users to compare the financial impact of the expected new FASB rules to the financial impact of the current rules. (more…)
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.
March 18, 2010
A case study about the success Quanah Properties had with Lx IWMS is in this weeks Hospitality Technology Magazine online. Read the story here!.