AUSTIN, Texas, May 24, 2022 (GLOBE NEWSWIRE) — Accruent, the leading provider of built environment management solutions, today announced the release of Lx Transaction Management, a powerful new tool for lease administrators, deal managers and real estate executives, and other real estate professionals who manage deals in a single window throughout their lifecycle.
The commercial real estate industry is experiencing rapid fluctuations as businesses redesign spaces to accommodate hybrid working, sublease activity declines and increases, and 62% of businesses expect a contraction in office spaces. offices over the next three years, according to CBRE’s Spring 2022 U.S. Office Occupant Sentiment Survey. .
In this environment, it is increasingly important to remove obstacles that cost organizations money and lead to headaches such as miscommunications and missed deadlines. Lx Transaction Management, part of Accruent’s connected portfolio of intelligent workplace management solutions, enables organizations to easily gain visibility into all real estate transactions within an organization, increase cross-functional collaboration between internal and external stakeholders and make data-driven decisions to drive better transactional outcomes.
“At Accruent, we are committed to innovating Lucernex and our entire portfolio of workplace management solutions so that our customers can maximize efficiency and reduce costs,” said Chris Smart, Senior Director of Management products, Accruent. “Our workplace management solutions connect departments that often work in silos, enabling companies to keep the pulse of their leases with a comprehensive solution that connects the full real estate lifecycle of contracts, site planning, projects and trades.”
Lx Transaction Management allows organizations to monitor transactions in a centralized dashboard, create reports on these transactions in real time, create a complete schedule, track contacts and store transaction documents. Businesses can also track the progress of lease negotiations on existing leases.
Additionally, the Scenario Compare feature allows for side-by-side comparison of financial information, building specifications, lease details, and demographics, highlighting key differences to aid in transaction decisions. With Lx Transaction Management, organizations can:
- Monitor transactions at every stage with a single view
- Build and compare unlimited scenarios for each contemplated transaction with a sophisticated comparison engine
- Connect transactions, contracts, site planning and project management capabilities as part of an IWMS
- Easily track schedules and documents
- Use contact management to track responsible parties
- See the process steps for executing a chosen action plan
Accruent Workplace Management Solutions is a powerful Integrated Workplace Management System (IWMS), which includes our EMS, Lucernex, FAMIS 360, vx Observe and vx Maintain products to transform facility management, space, resources and energy for organizations around the world. Learn more at Accruent.com.
About Accruent: Accruent (www.accruent.com) is the world’s leading provider of intelligent solutions for the built environment, spanning real estate, physical and digital assets, and the integrated technology systems that connect and control them. Accruent continues to set new expectations for how organizations can use data to transform the way they manage their facilities and assets. With major offices in Austin, New Orleans, London and Amsterdam, Accruent serves more than 10,000 customers in a wide range of industries in more than 150 countries around the world.