Accruent, Inc., the leading provider of Real Estate Performance Management (RPM) solutions, today unveiled Accruent 7, the company’s next-generation enterprise application suite for real estate-intensive businesses. Accruent 7 closes the gap between corporate strategy and real estate operations, thereby engaging C-level executives in maximizing return on real estate, one of the largest capital investments and operating expenses for many companies. Accruent solutions drive increased profits for more than 340 major companies by providing a single source of information that makes it possible to deliver a complete view of all real estate-related operations.

Accruent is the only enterprise-class solution that helps companies recoup millions of dollars by automating the internal and external operations involved in the real estate lifecycle. Accruent 7 now features state-of-the-art visualization that enables faster, more intuitive decision making, an embedded Business Intelligence (BI) engine from Business Objects that drives business performance management, and a market-leading lease administration application. Accruent is also the first company in its class to deliver specific configurations that allow companies to rapidly map their real estate management to requirements and best practices in industries such as communications, energy, financial services, manufacturing, healthcare and retail, as well as service companies.

“Every strategic focus-area is supported by an enterprise system of record – except real estate operations,” said Mark Friedman, chief executive officer of Accruent. “Today we are delivering a solution that eliminates the real estate 'blind spot’ inherent in today's enterprise. By creating the most complete set of operational data for real estate and connecting it to a strategy and business performance layer, CFOs and CEOs can for the first time have meaningful conversations with their real estate organizations.”

“Because real estate development is one of Charming Shoppes’ largest capital expenditures and one of our most significant long-term financial obligations, we’ve committed to systematic, strategic management of this asset," said Andrew Galasso, vice president of real estate finance. "Accruent 7 will give us a detailed, yet easily understandable picture of all key functions – from site selection and lease information to store openings and remodels. Connecting real operational information with high-level strategy will make it possible for the real estate executives, market development team, as well as the Real Estate Committee to come to the table, with the same information, and make tough strategic decisions we can live with for the long-term.”
About Accruent 7

Accruent 7, the newest release of Accruent's RPM solution, builds on the company’s successful relationship with 20 percent of the Fortune 500 and 40 percent of the Top 100 Retailers. By applying information technology to the decisions and processes around acquiring and managing real estate, while also integrating internal and external stakeholders in a collaborative environment, companies can drive enterprise-level best practices that contribute to top-line revenues, while controlling costs and supporting compliance needs.

Accruent 7 offers the following features:

* Accruent Visualization – This new feature adds rich, immersive visuals to Accruent’s end-to-end Business Intelligence (BI) capabilities. The ability to combine content – even if it originates from multiple sources – and quickly identify trends and anomalies, helps users make faster, better decisions than those supported by reviewing reports or spreadsheets. Accruent Visualization ships with three preconfigured scenarios—Site Compare, Project Status and Lease Renewal. Users can also use the system to develop their own visualizations, drawing on any data or content within or linked to Accruent, and can also drill down into any data directly from a graphic image. This Windows Vista™ operating system–ready environment leverages the latest 3-D visual capabilities, including Windows® Presentation Foundation, as well as Microsoft® Virtual Earth™ mapping software, an innovative mapping and location service that provides bird's eye, satellite and aerial imagery, map styles and local search. The system is fully configurable, allowing users to easily change visual styles and incorporate new content.
* Integrated business performance analysis – Accruent 7 embeds the powerful Business Objects XI BI platform. By connecting the most complete set of real estate operational information with executive dashboards, users can better understand real estate portfolio cost drivers, make informed decisions and analyze business performance in real time. Only Accruent 7 offers the broad, deep data model that supports the level of analysis required to link daily operations to strategy formulation and assessment. Accruent 7 features many preconfigured dashboards while also allowing users to develop additional performance measurements. The Accruent 7 open, standards-based architecture means that companies can also connect a BI solution of their choice.
* Next-generation lease administration – This core Accruent application manages critical information about real estate holdings. With its ability to access all contract dates, clauses, and cost allocations, it provides the basis for reducing total occupancy cost. Accruent solutions deliver the broadest and deepest lease administration capabilities in the industry. Accruent 7 completes a three-year program to converge the capabilities of all Accruent lease administration products into a single, powerful application.
* Industry-specific configurations – Accruent is the first company in its class to deliver a solution designed for the different portfolio characteristics and business challenges of key, real estate-intensive industries. Now customers in many business sectors will have access to business processes, best practices templates, and nomenclature matched to the specific needs of their industry.
* Advanced platform for global enterprises – The Accruent 7 foundation layer has been architected to support the needs of today’s largest, global operations, including support for multiple currencies and languages. In addition, Accruent 7 enables organizations to leverage investments in the newest technologies from major technology providers. For example, Accruent 7 integrates with the Microsoft Office system and data from the leading ERP suites, enables access via mobile devices, and supports the new Oracle 10g database as well as Windows Internet Explorer® 7.

About Accruent, Inc.

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.

All Accruent brand and product names are trademarks or registered trademarks of Accruent, Inc., in the United States and other countries. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.