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SUNNYVALE, CA-A Sunnyvale-based software development firm has launched a new web based product that will allow commercial real estate tenants to compare multiple properties, sublease and occupancy scenarios online.

Lease Cost Solutions, in a joint venture with Personable.com, a Los Angeles-based application service provider, has launched LseMod Version 7.1, a commercial real estate financial analysis tool. The company believes that the product represents a breakthrough analysis tool that will significantly alter commercial deals.

In addition to offering a comparison of real estate options, LseMod features customized templates, standard reports and graphs, including before and after tax cash flow, NPV, capital budgets and a CFO summary.

James Duport, the product’s developer, says that the web-based program is unique to the commercial real estate market. “There is no other tool on the web or on a desktop that provides the kind of analysis that LseMod does,” says Duport. “By using it on the web, users get access to over $5,000 worth of software for only pennies a day, and all upgrades are free.”

Duport says that the product is unlike its competition because it offers the P&L impact by month and year and budget checklist, rather than just providing a cash flow analysis. The product also allows users to compare and analyze international lease transactions in local currency with a summary in U.S. dollars.

“By creating a web-based version, users can now access all the programs in the LseMod product suite on an as-needed basis, paying for unlimited use on a monthly basis, thus eliminating the need to purchase an analysis program or create their own Excel spreadsheet,” adds Duport. “Users save time and money by doing an analysis right the first time and can easily make changes on the web from anywhere. Not a first generation product, users benefit from the continued enhancements since LseMod was first developed in 1989.”

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