Sporting Goods Retailer Replaces ProLease with Lx Contracts Lease Administration from Lucernex Technologies
Lucernex Technologies announced today that a large regional sports and outdoors chain has successfully gone live on Lucernex’s cloud-based Lx Contracts solution to manage its over 140-store portfolio of locations in 11 states.
Lucernex Technologies announced today that a large regional sports and outdoors chain has successfully gone live on Lucernex’s cloud-based Lx Contracts solution to manage its over 140-store portfolio of locations in 11 states. Lx Contracts replaced their legacy system ProLease.
The upgrade to Lx Contracts also provided complete readiness for the new FASB 13 rules.
“The Lx Data Convertor toolkit has proven successful in quickly and accurately converting any legacy system into Lx Contracts”, said Ken Brown, EVP and CIO of Lucernex, “for this project, we successfully converted a ProLease database into the Lx Contracts system, which proved to be a very simple conversion”.
In addition to the conversion of their legacy system, the project included multiple integrations into their back office financial systems.
“Lx Contracts was selected due to our proven ability to convert legacy systems quickly and accurately into a FASB 13 ready system”, stated Joe Valeri, Lucernex President and COO. “This client, like other growing retailers, needed to move onto a retail focused, enterprise platform to support their growth and increasing deal complexity.”
Lx Contracts is the market leading cloud-based Lease Administration and Rent Accounting solution for retailers. It is part of the market leading Retail IWMS solution, Lx Retail, which was designed by experts in retail for retailers.
Founded in 2000, Lucernex Technologies provides retail professionals with powerful cloud-based solutions to manage the entire lifecycle of every store in their portfolio. All Lucernex solutions were designed “by retailers for retailers” and can manage any size portfolio of leased and owned properties. Fortune 2000 companies in retail and retail-related industries use Lucernex Technologies solutions every day managing tens of thousands of locations, contracts, sites and projects. Lucernex rapidly delivers a secure, enterprise solution that quickly delivers value and return on investment. A great solution is more than just great software - Lucernex delivers market-leading applications on a world-class cloud infrastructure; fast and accurate deployment; and award winning customer support. For more information, please visit www.lucernex.com.
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- Director of Operations
- Lucernex Technologies
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