Dallas, TX (PressExposure) February 05, 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.