March 7, 2010

The power of Location Management

Lucernex expert and President Joe Valeri (see Joe’s management summary here) provides details of why Location is the key to Real Estate Technology.

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In the last Blog I talked about the importance of an IWMS using the Location as the central organization point for all data.
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March 1, 2010

IWMS? It’s Location! Location! Location!

Lucernex expert and President Joe Valeri (see Joe’s management summary here) provides details of why Location is the key to Real Estate Technology.

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My last blog discussed the very loose definition of IWMS and how it tries to describe a wide array of very different vendors. In this blog I will discuss one type of IWMS, Location Management Software, and what the different end users may need to focus on when selecting a Location Management IWMS.

What are the three things that matter in real estate – Location, Location, Location. This old adage about real estate applies to commercial real estate technology as well. The location is what real estate is all about whether you are a 2000 store retailer, a 30 building corporation, a large hotel company or a multi-building campus – everything you do in relation to your real estate is based on a location. And, managing the performance of each location to perform optimally is the ultimate goal for each location whether it’s optimizing revenue or minimizing cost.
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February 10, 2010

What is IWMS anyway?

Lucernex expert and President Joe Valeri (see Joe’s management summary here) provides a start to the conversation.

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The term “Integrated Workplace Management Systems” or “IWMS” was coined by Michael Bell formerly of The Gartner Group. This new term was then used as the basis for producing an IWMS market assessment including a Gartner Magic Quadrant. This type of assessment is commonly produced by Gartner to compare technology vendors in many industries. Without a common term, in this case IWMS, there would have been no way to ‘lump’ a bunch of vendors together into a comparison document. In reality, at the time the term was coined, the vendors thrown into the IWMS bucket were very dissimilar and often addressed very different markets. Since then, however, using the IWMS blueprint provided in the IWMS market analysis containing the Magic Quadrant, the vendors have actually enhanced their products, changed messaging and in some cases merged to better fit the image of “IWMS”. While features of the vendors have grown more similar, they remain different in some very important ways, most notably their expertise in specific customer bases and specific functionality that addresses that base.
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February 5, 2010

Accruent Upgrade Program

Replace Accruent SLM, IWMS, SLIM, REM with Lx Retail

Accruent’s Store Lifecycle Management (SLM) product sold to dozens of retailer and corporate users since 2004 came about due to a license sold to Accruent by Lucernex in 2003 allowing Accruent to market the Lucernex IWMS solution under the Accruent name. The core of the Accruent solution remains, in large part, the 3.81 version of Lx Retail. Lucernex has since updated the location performance management software and is now at version 9.0 having made vast improvements in the capability. The former creator of SLIM, Ken Brown, is now in charge of Lucernex product design and development after selling the SLIM product and his company, National Facilities Group, to Accruent in 2003. As a result Lucernex can provide the smoothest transition for current Accruent clients.

No first year software cost!!

To make this easy to budget, Lucernex will convert any Accruent client to Lx Retail and charge no first year fee for the software. In addition, as a conversion from Accruent is really more of a simple upgrade into the newer version of Lucernex, our professional services team will charge a simple cost plus 20% for the project.

No one can convert you from Accruent faster, cheaper or more accurately than Lucernex!

Please use our Product Information page if you are interested in talking to an Lucernex representative about our Accruent upgrade.

January 28, 2010

The importance of transparency in real estate decision-making

Is data transparency intangible in real estate project management? Many consider transparency to be immeasurable and therefore not valid in an ROI analysis.

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Lucernex expert Mike Nuzum (see Mike’s management summary here) provides this response:

During the time I was in the retail business we developed many ways to compress the time it took to complete critical project tasks; whether it was to get a store open faster, get leases signed faster or implement a multi-store remodel capital project quicker. (NSCB3GKUGAMP)

One process we developed enabled us to open new stores in just 3 days.

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