The Bulfinch Companies, Inc., a Needham, MA-based real estate investment firm specializing in the development, acquisition and repositioning of commercial properties, selected Intuit Real Estate Solutions' (IRES) software solution to help them achieve more accurate and efficient reporting to enhance their growth and success.

“IRES offers a deep, well-rounded product and a proven track record,” says Michael Hitchcock, Vice President, Financial Reporting and Chief Technology Officer for Bulfinch. “We are confident that the IRES system will serve as the foundation for our future growth.”

As Hitchcock explains, “MRI Commercial will capture and integrate historical data while at the same time, serve as a platform for moving forward. IRES' tools like ForeSight, a budgeting and forecasting tool, and ViewPoint, an executive analysis solution, will provide the intelligence we need to look ahead. Both solutions are fully integrated as part of the complete MRI Commercial suite.

“We stumbled with previous systems that lacked integration, so finding an integrated solution was important to us,” says Hitchcock. “Now all of our accounting and property management information can integrate with budgeting while the data is resident in one central system. We see this integrated system as the spring board for future growth.

“We also liked that IRES is industry-specific. IRES is committed to hearing the voice of the real estate industry and to developing further enhancements to help real estate management. We were impressed with their new development pipeline, including workflow technologies,” he says.

“From an accounting perspective, the system’s operating expense recoveries capabilities were also critical,” continues Hitchcock. “Our legacy system was cumbersome and inefficient when it came to billing CAM (common area maintenance) recoveries. With MRI, we now have a tool set for accurate, efficient recovery billing.”

About The Bulfinch Companies, Inc.

Founded in 1936, The Bulfinch Companies, Inc. is an entrepreneurial, value added real estate investment firm specializing in the development, acquisition and repositioning of commercial properties. Technology plays an important role in the company’s strategy of offering a complete range of real estate products and services in the most efficient manner possible. For more information, please visit their website at www.bulfinich.com.