How Centuria has used interconnected technology to improve portfolio-wide efficiency
Centuria Capital Group is an ASX-listed specialist investment manager with 35 years of experience in serving investors, advisers and security holders. The company has $21.2 billion in Assets Under Management (AUM) and focuses on property funds management and investment bonds.
Business Challenge
Centuria’s rapid expansion (from $1.6 billion to $20 billion AUM between 2016 and 2023) created a need for the business to leverage technology more efficiently to support its operations. Its objective was to launch an ERP as quickly as possible in less-than-ideal conditions during COVID disruptions while integrating a previously outsourced finance function and offshoring some of its operational team.
Solution
Working in partnership with MRI Software, Centuria implemented an end-to-end enterprise resource planning (ERP) solution for its property and facilities management, finance, transactional processing, and fund accounting activities.
This allowed the business to automate the full lifecycle management of around 200 real estate assets in the firm’s property portfolio across Australia and New Zealand. Following its implementation, the “Vision 2020” project continues to evolve to support the company’s future growth.
The exciting piece is that we’ve found a technology that can grow with us. And to date, we’ve got about $13 billion worth of AUM onto the platform in the space of two years.
– Simon Holt, CFO, Centuria
Business Impact
The collaboration with MRI Software has led to the following positive impacts on Centuria’s operational capabilities and strategic growth:
Out-of-the-box solution
Best-in-class design and ready functionality facilitated a smooth rollout and integration, enabling Centuria to rapidly streamline operations in support of its expansion goals.
Integrated and flexible system
The capacity of MRI’s system to integrate across various applications has allowed Centuria to unify its operations more effectively, improving efficiency across property and facilities management, finance, transactional processing, and fund accounting activities.
Data migration and accuracy
Cleaned and reconstructed lease data has resulted in streamlined and automated invoicing procedures and higher levels of tenant accuracy.
Business intelligence and reporting
Established a solid basis for enhanced reporting and leveraged the system for advanced business intelligence and data analysis capabilities.
Effective project management
Working in collaboration with MRI’s experienced team allowed for a peoplecentric approach and swift implementation of previously outsourced functions despite significant COVID disruptions.
Continuous improvement
Capacity for incremental upgrades that avoid the high costs and disruptions of major system overhauls allows the business to easily and affordably benefit from continuous improvement.
Looking for a powerful solution that can grow with your business?
If you’re seeking an ERP solution that can grow with your business, MRI Software offers flexible and integration-ready applications to meet your unique needs. Contact us to learn more about our solutions and how MRI Software can empower your business.