PRZOOM - /newswire/ -
Plano, TX, United States, 2012/05/07 - Lucernex Technologies announces the go-live of Buffalo Wild Wings (BWW), on its Cloud-based Lease Administration and Rent Accounting solution, Lx Contracts - Lucernex.com.
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of lease administration systems in his 15+ years of experience and is now focused on converting retailers from their outdated legacy lease administration systems to Lx Contracts.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 (lucernex.com) 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.