Business Services Industry
TRIRIGA Extends Its Success and Leadership in the Retail Industry with TRIRIGA for Retail™
Business Wire, July 23, 2007
LAS VEGAS -- TRIRIGA INC., the global leader in Integrated Workplace Management Systems (IWMS), today announced its continued investment and commitment in retail with its latest retail release, TRIRIGA for Retail.
TRIRIGA for Retail drives the following value opportunities for companies: increases revenue, reduces expenses and improves executive and investor confidence with regulatory and financial reporting. The leaders in the retail industry from apparel, restaurants, home electronics, office supplies, dollar stores, auto and home decor to retail banks select and standardize on TRIRIGA for Retail to improve their real estate performance.
First in the marketplace with a web-based enterprise-class application, TRIRIGA provides a complete solution to manage the Real Estate Lifecycle Process from retail location development--market planning, site selection, construction and grand store opening--to retail location operations, the management of the day-to-day retail store operations and complex lease administration.
"We are very impressed with TRIRIGA's new offering for retailers," said Randy Young, SVP of Real Estate for Advance Auto Parts, one of the nation's largest and most successful retailers. "Advance is looking forward to its implementation into its real estate systems. We expect it will solve many of the challenges we face in managing the entire lifecycle of our 3000-plus store base, along with our new store development program."
"Based on our retail industry expertise, we believe this release of TRIRIGA for Retail brings the solution to a new level and provides retailers with a true competitive advantage," said Thomas E. Hanszen, Managing Director of Real Estate and Capital Asset Solutions at BearingPoint, Inc.
For this release, TRIRIGA incorporated input from the world's leading retailers to provide new and innovative, key capabilities. TRIRIGA for Retail drives the following value opportunities for companies:
* Increases revenue through an improved delivery process that accelerates the opening of new retail locations, from marketing planning, site selection, construction and remodel through grand store opening.
* Reduces lease expenses and overall costs by eliminating expense leakage, reducing construction costs and minimizing retail location management costs through improved vendor management.
* Increases executive and investor confidence via financial and regulatory reporting by providing insight into store pipeline, project and transaction health, as well as providing FASB 13 and 143 compliance checks and embedded Sarbanes-Oxley controls and processes.
"Retail, unlike other industries, requires the reporting of real estate performance to the financial markets at a substantial level of detail. It demands a complete real estate lifecycle management solution focused on both retail location development and operations," said Barbry McGann, Executive Vice President of Product Management for TRIRIGA. "Designed with input from leading retail customers and partners, TRIRIGA for Retail focuses on processes, tools and reporting to improve real estate performance."
As a comprehensive solution, TRIRIGA's web-based products and services uniquely provide retailers with pre-defined cost-effective automated processes, extensive configuration management tools and experienced retail consultants to further refine and streamline retailers' own business processes.
Pricing and Availability
TRIRIGA for Retail is available and shipping today. The solution includes individual modules: Real Estate, Projects and Operations or an integrated suite and also includes implementation services from TRIRIGA Professional Services and our certified partners. Pricing and packaging are similar to TRIRIGA's other Integrated Workplace Management offerings.
About TRIRIGA
Acknowledged as the Integrated Workplace Management Systems (IWMS) leader by market share, customer base and analysts, TRIRIGA INC. is the first and most experienced software and solution provider of web-based, enterprise solutions that drive workplace processes. TRIRIGA's deep business and industry expertise produce solutions that centralize and coordinate the management of all assets and services to offer a consolidated environment for decision-making and support. Powered by TRIRIGA's Momentum Platform, these solutions enable the effective management of people, processes, and data throughout enterprises, including partners, spanning historically troublesome organizational boundaries and geographic borders. TRIRIGA's solutions provide centralized control, improved process efficiency and a reduction in the total cost of ownership of an organization's real estate assets.
For more information, contact TRIRIGA at (702) 932-4444 or visit http://www.tririga.com/industry/retail.jsp.
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