June 26, 2012 - Accruent, LLC, the leading provider of real estate and facilities solutions, announced today that Francesca’s Collections® has selected its Siterra solution to manage their lease administration needs.
Francesca’s Collections® is one of the fastest-growing women’s fashion retailers in the country, providing customers with an eclectic, carefully chosen assortment of items in a boutique setting. Since being founded in 1999, they have already expanded to more than 300 locations in 43 states, and this rapid growth is expected to continue.
Their aggressive expansion sheds light on the need to migrate from a spreadsheet-based solution to a SaaS offering, but after going public in July of 2011, the need to accurately report information to shareholders was even more crucial. “With spreadsheets, the likelihood for error was too high,” noted Manager of Lease Administration, Michelle Boyd, “and we looked for a software solution that would integrate with our accounting systems and help us manage complex rent scenarios.”
Boyd and her team evaluated several lease administration solutions in order to find the perfect fit to help Francesca’s Collections® manage their data. She began to consider Accruent’s Siterra solution based on a recommendation from an industry leading retailer. Siterra stood out as a preferred solution due to its functionality in rent roll automation, robust reporting, centralization of critical date management and lease data.
Furthermore, Francesca’s™ was motivated to select Siterra because of Accruent’s reputation as the leader in the industry and its track record for success. “We wanted a long-term partner with the experience and stability to help us as we continue to grow,” Boyd explained, “and we believe Accruent will make an excellent partner.” In an industry that is heading toward market consolidation, Accruent stands out as a key driver of this consolidation, demonstrating the strength and stability to serve its customers well into the future.
Founded in 1999 and headquartered in Houston, Texas, Francesca’s Collections®, operates a chain of boutiques focused on female customers. Each location appeals to the customer as their own boutique that offers an eclectic assortment of women’s clothing, jewelry, handbags, accessories and gifts. The well-appointed associates, first-class store design and affordable, quality product create a loved shopping experience.
Founded in 1995, Accruent provides organizations with enterprise software to manage their real estate and facilities. Accruent consists of four market-leading products for the retail, higher education, wireless, corporate, public sector and service provider industries. The customer base consists of 800+ customers, including 40% of the Top 100 Retailers, 20% of the Fortune 500, four of the top five wireless carriers, 60% of the cell towers in the US and over 100 leading universities. Customers use its software to acquire, build and maintain their facilities and manage over $100B of expenses annually. Accruent's customer mission is to deliver the highest ROI of any application our customers can implement. For more information, please visit www.accruent.com.