Stores - September 2006 - (Page 90)

ASSET MANAGEMENT Real Estate in Real Time T h e search for the right solution provider was further complicated by the fact that Stop & Shop/Giant is a land- lord in some locations and a tenant in others, and we didn't want two sys- Supermarketer tracks property data tems that wouldn't be able to talk to H each other, Leaverton says. We knew with centralized record-keeping system we needed a solution that could skillful- ly address both issues. S t o p & Shop/Giant BY LIZ PARKS chose Huntersville, N.C.- b a s e d AMTdirect be- o w much money can retailers save cause, Leaverton says, it when they don't have to spend days w a s the only company l o c a t i n g documents critical to the able to provide the uni- lease administration, auditing process fied, centralized solution and accounting processes? we were looking for. We also liked that AMTdirect was a web- It can run into the millions, says Paula M. Leaver- ton, manager of lease administration/property tax for based solution, she says. We have a lot of real es- Stop & Shop/Giant Foods, which operates more than tate people out in the field 560 supermarkets in the Northeast. and now, from wherever A division of Ahold USA, Stop & Shop has enjoyed rapid growth in the last few years. But that expansion they are, they can access the system and immedi- also created a need for better record-keeping and ately get to the data they document-management applications, as well as a centralized database. need. Everyone had been working on, and had outgrown, the Access and Excel data- In the past, headquarters staff would bases, Leaverton says. Everybody had their own home-grown solutions. So we put have to pull a lease, copy it and FedEx together a committee to look at finding a system it to our people in the field, she says. Stop & Shop AMTdirect that could answer all our needs. We looked at Now, with a few clicks of the mouse, Implementation everybody. they have the information immediately. PHASE 1 Leases, rent lists and finan- cial processes are entered into the database. PHASE 2 Manager module handles the administration of expenses, including common area maintenance, percentage rents and real estate taxes. 90 S TO R E S / SEPTEMBER 2006 W W W. S TO R E S . O R G http://WWW.STORES.ORG

Table of Contents for the Digital Edition of Stores - September 2006

Executive Editor's Page
President's Page
NRF News
Retail People
Cover Story: Sights Set on the Subcontinent
Data Management
In-Store Applications
Real Estate
Human Resources
POS Systems
System Security
Asset Management
In-Store Promotion
Call Centers
Order Fulfillment
Loeb Retail Letter
ARTS Update
Workplace Law
Advertisers Index
Company Index
Retail Profit Scoreboard
Retail Industry Calendar

Stores - September 2006