World’s Largest Fast Food Restaurant Chain Selects Lucernex to Manage its Diverse Global Portfolio
Plano, TX (PRWEB) January 14, 2015 -- Lucernex Technologies announced today that the world’s largest fast food restaurant chain, Yum! Brands, Inc., (NYSE: YUM), has selected Lucernex’s Lease Administration and Rent Accounting system (Lx Contracts) to manage its global multi-brand portfolio.
“After much in depth review of multiple products, we selected Lucernex for our Lease Administration and IWMS platform”, said Michelle Wells, VP Finance at Yum! Brands. “Through Lucernex, we can rapidly deploy a cloud based solution to manage our entire global portfolio, ensuring true company wide visibility across all brands across the world.”
Lx Contracts will consolidate lease data across all domestic and international locations as distinct brand portfolios within the one Lucernex system. Additionally, Lx Contracts will be integrated with various global financial systems to further unify their processes. Utilizing one True Cloud system will give senior management the ability to access and analyze data and run advanced reports across all global portfolios from one system.
“We are very excited to add one of the largest global real estate portfolios in the world as we further expand into the international market”, said Joe Valeri, President and CEO of Lucernex. “Yum! Brands selected Lucernex because of our ability to provide a single unified solution that can easily be configured to meet the specific demands of each global market”.
In addition to restaurants, mall based retailers, specialty retailers, hotels and grocery chains, which are traditional retailers, Lucernex serves other businesses that operate like retailers including urgent care chains, neighborhood clinics, PT center chains, eye care centers, dental clinics chains, gas stations, bank branches, finance/investment branches, insurance branches and others.
About Lucernex
Founded in 2000, Lucernex Technologies provides retail professionals with powerful cloud-based solutions to manage the entire lifecycle of every store in their portfolio. All Lucernex solutions were designed “by retailers for retailers” and can manage any size portfolio of leased and owned properties. Fortune 2000 companies in retail and retail-related industries use Lucernex Technologies solutions every day managing tens of thousands of locations, contracts, sites and projects. Lucernex rapidly delivers a secure, enterprise solution that quickly delivers value and return on investment. A great solution is more than just great software - Lucernex delivers market-leading applications on a world-class cloud infrastructure; fast and accurate deployment; and award winning customer support. For more information, please visit http://www.lucernex.com.
About Yum Brands
Yum! Brands, Inc., (NYSE: YUM), based in Louisville, Kentucky, is one of the world’s largest restaurant companies with over 40,000 restaurants in more than 125 countries and territories. Yum! Brands is ranked #216 on the FORTUNE 500 list with revenues of more than $13 billion and in 2014 was named among the 100 Best Corporate Citizens by Corporate Responsibility Magazine. Our restaurant brands – KFC®, Pizza Hut® and Taco Bell® – are the global leaders of the chicken, pizza and Mexican-style food categories. For more information, please visit http://www.YUM.com.
Destin Schroeder, Lucernex Technologies, http://www.lucernex.com, 972.468.0494, [email protected]
Share this article