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Shari’s Restaurants Selects Lucernex Technologies For Its Lease Administration Solution

11-29-2012 10:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Lucernex Technologies

Dallas, TX (November 26, 2012) – Lucernex Technologies announced today that Shari’s Management Corporation, operator of Shari’s Restaurants, has selected Lucernex’s cloud-delivered Lx Contracts solution to manage its portfolio of 100 restaurant locations in six U.S. states. Lx Contracts will replace a homegrown lease administration system.

“We selected Lx Contracts over several competitors due to its superior technology, fast performance and easy navigation”, said Ray Damron, Chief Financial Officer at Shari’s. “The executive dashboard will allow us to see our entire portfolio in one place”.

Lx Contracts, the lease administration and rent accounting module of Lx Retail, will assist Shari’s in getting ready for the upcoming changes in the FASB 13 rules while ensuring they do not miss any critical dates.

“We are very happy to have Shari’s as a client“, said Mike Nuzum, CEO of Lucernex. “Many restaurateurs like Shari’s trust Lx Retail to manage their entire portfolio through the lifecycle.”

Lx Retail is the market leading cloud-delivered Store Lifecycle Management solution for retailers and the Lx Contracts module of Lx Retail has been adopted by more retail companies over the past twelve months than all competitive products combined.

About Shari’s
Shari's is the largest full-service restaurant chain based in the Pacific Northwest. Founded in 1978 and operated by Shari's Management Corporation of Beaverton, Oregon, Shari's Restaurants are designed to provide high quality, reasonably-priced meals 24 -hours a day in a comfortable surrounding. Shari's menu features a full selection of breakfasts, salads, sandwiches, hamburgers, dinner entrees, desserts and a large selection of specialty pies. With over 4000 employees, the chain currently has 100 locations throughout Oregon, Washington, California, Idaho, Nebraska and Wyoming.

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.

Lucernex Technologies
Destin Schroeder
972.403.7100
5601 Democracy Dr
Suite 120
Plano, Tx 75034

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