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RAPAPORT...
Helzberg Diamonds Inc. selected Lucernex Technologies’ cloud-based Lx Retail solution to manage the jeweler's real estate portfolio, comprised mostly of mall-based locations across 37 states. Lx Retail will replace Helzberg’s legacy lease administration and rent accounting solution beginning this month. In addition, and in preparation for changes in the Financial Accounting Standards Board (FASB) rules, Helzberg will be utilizing all other modules of the Lx Retail platform including market analysis, site selection, project management, facility management and capital project management. “We selected Lucernex because we wanted a product that could handle lease administration as part of a complete store lifecycle solution on one platform,” said Steve DeMott, the director of application development for Helzberg. “The Lucernex implementation methodology offers easy-to-use tool sets that give us the flexibility to make the system our own.” Mike Nuzum, the chairman of Lucernex Technologies, said, “We believe using Lx Retail to manage their real estate portfolio will help them cut costs and mitigate risk while empowering them to grow.”
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