June 21, 2011 - Accruent, the leading provider of Enterprise Location Management (ELM) solutions, announced today that ten percent of its market-leading retail customer base has now switched to its next generation solution, Accruent Lease Administration 8 (LA8).
Drawing on more than 15 years of experience as the leader in retail leasing solutions, LA8 represents the "best of the best" of Accruent's previous solutions and has been enhanced through the careful analysis of the needs of hundreds of leading retail clients and their best practices. Significantly, it also has been built to provide peace of mind to retailers and corporations concerned about the upcoming lease accounting changes, with key functionality including, but not limited to:
"Chico's FAS, Inc. upgraded to Accruent's Lease Administration 8 because Accruent's solutions provide us with comprehensive real estate and construction management system solutions, and Accruent drives value to our organization by creating one source of 'location truth' thereby eliminating duplicate entries and processes," said Jeff Gaul, Vice President - Real Estate, Chico's FAS, Inc.
Highlights of Accruent LA8 include:
"Accruent is committed to delivering the highest value return of any application that our customers can implement," said Mark Friedman, CEO of Accruent. "LA8 is a leading example of creating value for customers and providing peace of mind that they will be compliant with the industry standard for leasing solutions."
Founded in 1995, Accruent is leading the industry with a new generation of enterprise solutions designed to fully leverage real estate and facilities as a competitive advantage. Accruent Enterprise Location Management solutions drive the strategic value of location management by optimizing real estate and facilities portfolios, eliminating unnecessary spending and supporting compliance and sustainability initiatives. Accruent's solutions are used by over 400 leading organizations, including 40 percent of the Top 100 Retailers. Another Accruent customer goes live every 10 days. For more information, visit www.accruent.com.