Cinemark Holdings, Inc. Selects Lx Contracts from Lucernex For Its Lease Administration Solution

Share Article

Lucernex Technologies announced that one of the world’s largest Cinema chains, Cinemark Holdings, Inc. (NYSE: CNK), has selected Lucernex’s cloud-based Lx Contracts solution to manage its multi-brand portfolio of over 500 theatres in 40 U.S. States and 13 countries.

News Image
We selected Lucernex due to their proven ability to convert Siteseer into a modern system.

Lucernex Technologies announced that one of the world’s largest Cinema chains, Cinemark Holdings, Inc. (NYSE: CNK), has selected Lucernex’s cloud-based Lx Contracts solution to manage its multi-brand portfolio of over 500 theatres in 40 U.S. States and 13 countries. Lx Contracts will replace their legacy system Siteseer.

“We have replaced Siteseer several times now with our advanced data conversion toolkit,” said Ken Brown, EVP and CIO of Lucernex, “We are very confident we can quickly and accurately convert Cinemark’s data into Lx Contracts for their U.S. and International locations.”

The project includes a complete data conversion and replacement of their existing lease administration and rent accounting solution, Siteseer, as well as six integrations into their back office financial system PeopleSoft. The first phase will include converting all existing US based leases into Lx Contracts, and possibly followed by a second phase to bring in all International leases.

“We selected Lucernex due to their proven ability to convert Siteseer into a modern system,” stated Gay Brooks, Director, Lease Administration at Cinemark. “We feel comfortable that their team of known industry experts can convert our complex system data.”

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 June of 2013.

About Cinemark Holding, Inc.
Cinemark is a leading domestic and international motion picture exhibitor, operating 504 theatres with 5,794 screens in 40 U.S. states, Brazil, Mexico, Argentina and 10 other Latin American countries as of June 30, 2013. For more information go to http://www.cinemark.com.

About Lucernex
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 http://www.lucernex.com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Destin Schroeder
Visit website