Regal Entertainment Group Implements Lease Administration Solution In Under 12 Weeks with Lucernex
Lucernex Technologies has published a new case study outlining the results of its engagement with Regal Entertainment Group, operators of the largest and most geographically diverse theatre circuit in the United States.
The Lucernex implementation team was a key component in our project success.
Lucernex Technologies has published a new case study outlining the results of its engagement with Regal Entertainment Group, operators of the largest and most geographically diverse theatre circuit in the United States. Regal’s portfolio consists of 7,394 screens in 580 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia (as of December 26, 2013) with approximately 229 million attendees in 2013.
Titled “A Quick and Accurate Transition from a Legacy Lease System to Lx Contracts”, the case study focuses on how Regal was able to go-live on Lx Contracts and pay rent in under 3 months including a full data conversion of all legacy lease data, six (6) enterprise integrations and complete system configuration. Lx Contracts replaced their legacy system SLIM.
“The Lucernex implementation team was a key component in our project success,” said Peter Altmann, Vice President of Property Management, Regal Entertainment Group. “They were extremely dedicated to getting this accomplished in such a short timeframe and fully understood our tight time deadline.”
The case study highlights the implementation hurdles that had to be overcome in order to meet a tight deadline that was driven by multiple integrations into their ERP System, Microsoft Dynamics AX, which was being implemented at the same time.
Lx Contracts is the Lease Administration and Rent Accounting module of Lx Retail, the market-leading store lifecycle management and retail IWMS solution delivered in the cloud. Lx Contracts can support any size portfolio of stores including currency, date and location support worldwide.
Implementation of the Lx Contracts solution began in November of 2012 and the full SLIM data conversion, six (6) system integrations and a complete system configuration was completed in under 3 months.
About Regal Entertainment Group
Regal Entertainment Group operates the largest and most geographically diverse theatre circuit in the United States, consisting of 7,394 screens in 580 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia (as of December 26, 2013) with approximately 229 million attendees in 2013. Regal’s geographically diverse circuit includes theatres in 46 of the top 50 U.S. designated market areas. They operate multi-screen theatres and, as of December 26, 2013, had an average of 12.7 screens per location, which is well above the North American motion picture exhibition industry average. Regal develops, acquires and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets throughout the United States.
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.
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- Destin Schroeder
- Director of Marketing & Operations
- Lucernex Technologies
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