Industry Leaders Drive Improvement in Retail’s No.1 Capital Expenditure
NEW YORK, Sept. 4 /PRNewswire/ — Kurt Salmon Associates (KSA), a global management consulting firm, announced today a strategic partnership with Accruent, Inc., the leading provider of Real Estate Performance Management (RPM) solutions.
“Accruent has defined a solution that addresses the complete spectrum of real estate lifecycle management,” said Mike Brown, a Principal at KSA. “It enables retailers to drive revenue growth, reduce capital and operating expense, and support financial compliance needs,” he said. “The breadth of their product suite supports KSA’s efforts to help our clients achieve strategic and operational objectives.
“By combining KSA’s unrivaled retail consulting expertise and Accruent’s enterprise software for optimizing the real estate lifecycle, joint customers will be able to implement innovative approaches to store development and portfolio management to drive improved business performance.
“Store development is the No. 1 area of capital expenditure for retailers, and real estate-related costs are the second largest expense item,” Brown said. “Yet streamlining and automating RPM processes and expenditures lags behind other business initiatives, such as supply chain, POS, or price optimization, in terms of management focus and IT investment.”
“Accruent is helping companies revolutionize their real estate operations with enterprise technology,” said Mark Friedman, Chief Executive Officer of Accruent. “Retailers recognize the direct link between real estate and bottom-line performance, and with KSA’s help, can more rapidly identify and attack opportunities to re-engineer business processes to unlock competitive advantage.”
About Accruent
Founded in 1995, Accruent leads the industry with a new generation of solutions designed to fully leverage real estate assets and decisions as an enterprise competitive advantage. Accruent Real Estate Performance Management (RPM) solutions maximize the impact that real estate properties – stores, restaurants, local branches, and corporate offices – have on company performance by driving revenue growth, reducing costs and achieving financial compliance. More than 340 of the world’s largest companies, including 20 percent of the Fortune 500 and 40 percent of the Top 100 Retailers use Accruent’s solutions. In addition, Accruent couples the broadest and deepest real estate data set and advanced business intelligence to bridge the gap between daily operations and strategy. For more information, please visit www.accruent.com.
About KSA
Kurt Salmon Associates (KSA) is the premier global management consulting firm focused exclusively on the retail and consumer products industries. We work closely with our clients to create accelerated value through our tailoredsolutions for business growth, margin management, inventory efficiency, productivity improvement, and technology effectiveness.
SOURCE Kurt Salmon Associates
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