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Canadian Restaurant Group Selects Lx Contracts from Lucernex For Its Lease Administration Solution

02-07-2013 12:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Lucernex Technologies

Dallas, TX (February 5, 2013) – Lucernex Technologies announced today that one of Canada's largest full service restaurant companies has selected Lucernex’s cloud-based Lx Contracts solution to manage its multi-brand portfolio of over 700 restaurants across Canada. Lx Contracts will replace their legacy system RetaiLease.

“After we have completed this data conversion we will have successfully converted every major legacy lease administration system and integrated the conversion mapping into our toolkit”, said Ken Brown, EVP and CIO of Lucernex, “the Lx Data Convertor toolkit has proven successful in quickly and accurately converting any legacy system”.

The project includes a complete data conversion and replacement of their existing lease administration and rent accounting solution, RetaiLease, as well as 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. “Our cloud-delivered SaaS solution was architected for quick delivery and lightning fast performance.”

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 Contract solution began in January of 2013.

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

# # #

Lucernex Technologies
5601 Democracy Dr.
Plano, Tx 75024
Destin Schroeder
Director of Operations

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