Tango: Tailored Brands selects Strategic Store Lifecycle solution

Tailored Brands, Inc., a recognized leader in men’s tailored apparel operating over 1,400 locations in the U.S. and Canada, has selected Tango’s Strategic Store Lifecycle Management Solution to facilitate all aspects of their real estate strategy and store development activities needed to support growth of the company’s iconic brands, including Men’s Wearhouse, Jos. A. Bank, Joseph Abboud, Moores Clothing for Men and K&G. Tailored Brands has licensed Tango’s Market Planning & Site Selection, Program & Project Management, Lease Administration and Facilities Maintenance products…

An important consideration for Tailored Brands was ensuring compliance with the new lease standards put forth by FASB. Tango’s lease accounting software is unique in the marketplace, in that unlike other solutions that will require retrofitting to ensure compliance, Tango’s lease accounting functionality was developed with compliance as part of the foundation…

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Tango engages BKD to assess compliance with FASB and IFRS lease accounting requirements

Tango announced today that they are the first vendor in the Lease Accounting space to receive independent verification from a top accounting firm that the lease accounting calculations in Tango’s solution are consistent with FASB Accounting Standards Codifications (ASC) 840 and 842, and International Accounting Standards Board’s IFRS 16, Leases

Unlike other solutions in the marketplace that will require retrofitting to ensure compliance, Tango’s Lease Accounting functionality was built from the ground up to comply with these requirements…

Tango’s lease solution has gained significant traction in the market, and has already been selected by several global multi-brand retail clients across the grocery, pharmacy, apparel, home furnishings and specialty retail verticals. These global customers require compliance to both US and international standards, and unique to Tango’s review process was the inclusion of IFRS standards.

The independent review assessed how Tango’s solution treats common scenarios that impact compliance including data capture, the operating/finance classification test, detailed accounting schedules and journal entries for both FASB and IFRS considerations…



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Tango Strategic Store Lifecycle Management selected by HearUSA

HearUSA, the recognized leader in hearing care, has selected Tango’s Strategic Store Lifecycle Management Solution to support plans to explore new market opportunities and develop strategies for the United States and international markets, as well as support their future growth across the entire real estate and store development lifecycle. HearUSA purchased Tango’s Predictive Analytics, Market Planning & Site Selection, and Geospatial Location Platform products…

Tango’s Total Solution is unique in an industry that typically offers software that only addresses a portion of the real estate lifecycle. By bringing together Predictive Analytics, Retail GIS and Store Development Execution in a single, seamless offering, Tango helps organizations like HearUSA avoid the information silos that inevitably occur with disjointed solutions which often result in decisions being made with inaccurate and incomplete information. Tango enables retailers to make informed decisions, drawing on critical data from all areas of the lifecycle…

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CFI: Leonard Bosman joins NGKF Global Corporate Services (GCS)

Newmark Grubb Knight Frank (NGKF) is pleased to announce that Leonard Bosman and other experienced IBM TRIRIGA professionals have joined NGKF Global Corporate Services (GCS). Bosman and his team are based in Hong Kong, further reinforcing the global reach of NGKF’s GCS platform. They will work closely with the NGKF’s European arm and the Computerized Facility Integration (CFI) TRIRIGA team…

Bosman is widely recognized as an industry pioneer, applying practical solutions for measuring software testability and inventing unique strategies for software certification methods. This innovative approach has helped to make him a recognizable player in the international market and to secure enterprise technology implementations for global organizations like Starbucks, Walgreens, American Express and McDonald’s.

Bosman’s repertoire includes real estate management, accounting, project management, facilities management, business strategies, process (re-)engineering, software/hardware, architecture/development and large-scale system implementations. He possesses a deep knowledge of IBM TRIRIGA, Planon, SAP, Oracle, Microsoft technologies, Java, WebLogic, WebSphere, BusinessObjects and more…

[Admin: This post is related to the 09.21.12 article by IFMA Hong Kong, and the 03.11.09 announcement by Tango Management Consulting.]

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Tango elevates role of lease administration in new solution

Tango, the leading provider of Strategic Store Lifecycle Management solutions, today announced the launch of their new Lease Administration solution. Tango’s solution goes beyond the traditional capabilities of lease administration and accounting, and recognizes the strategic importance of lease data in informing real estate strategy, driving operational efficiencies and identifying opportunities to reduce occupancy costs. Built with the user in mind, Tango’s Lease Administration solution avoids the pitfalls of traditional products, making it easy to use and implement, which means minimal training and quicker speed to value…

As the only solution that provides true integration across the entire real estate lifecycle and delivers a backbone of analytics, Tango enables leases to be both a consumer and provider of critical real estate data. With Tango, leases not only consume data to ensure compliance to contract terms and conditions, they also provide critical data to ensure renewal decisions are made in the context of store performance, relocation opportunities, changing competitive dynamics and overall market strategies and goals…

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PlanetRisk and Tango join forces to provide CrimeRisk scoring

PlanetRisk, a leader in risk intelligence and analytics, and Tango, the leader in Strategic Store Lifecycle Management solutions, have partnered to help retailers and restaurant companies better understand the localized risks of criminal behavior and use that data to better inform real estate strategy.

CrimeRisk(SM) is an innovative solution for identifying and predicting risk in precise geographic pockets and minimizing losses due to crimes against persons and property. CrimeRisk(SM) provides retailers access to accurate and targeted crime scoring data, offering deeper insights into local crime levels, crime trends, and crime forecasting to better inform real estate market planning and site selection decisions…

Tango’s backbone of predictive analytics integrated with robust field-deployed mapping technology delivers intelligence to the site selection process, ensuring retailers pursue and execute on the best locations…

[Admin: This post is related to the 05.19.16 post by Tango about its extended partnership with UberMedia to offer their SiteImpact™ solution.]

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Tango achieves significant growth and innovation in 2015

Tango, a leader in Store Lifecycle Management (SLM), offering the retail industry’s only complete solution bridging strategy and execution, reported both significant revenue growth and product advancements in 2015. Tango enjoyed increased demand for its innovative products and services both locally and in global markets as a result of the depth and breadth of the company’s talent, vision for the industry and completeness of its offering.

Revenue for Tango’s SaaS business has grown by 320 percent over the past three years, and the company signed 13 new customer contracts in the fourth quarter of 2015 alone. During the year, the company also significantly expanded its international presence, completing the industry’s only successful integrated deployment of geospatial analytics, market planning, site selection, program and project management and franchisee management across six continents. Tango’s SLM platform is now used in over 100 countries.

“2015 was a year of considerable growth and change at Tango,” explains Pranav Tyagi, Tango’s President and Chief Executive Officer. “Recognizing our vision for the market, our approach to developing and delivering industry-leading solutions and our strong team of industry experts, Frontier Capital made a significant investment in our business, which will help us support our vision and continue our rapid growth and expansion. Tango systems now manage in excess of 200,000 retail and restaurant locations worldwide and the company can claim 13 of the top 50 retailers in the world as customers.”

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