Cleveland, Ohio – Seeking a solution that could manage the prestigious Perda City Mall, Malaysia’s Northern Mall Sdn Bhd evaluated several companies before partnering with the industry-leading MRI Software. Compelled by the company’s hard-earned reputation as an innovative business with client-focused solutions, Northern Mall Sdn Bhd will take advantage of several commercial products, including MRI Advanced Retail, all hosted within the award-winning Software-as-a-Service (SaaS) environment.
“Perda City Mall, a newborn child in the shopping centre industry looks forward to work closely with MRI Software, an established commercial property management software provider to simplify and streamline our management reports. The powerful analytical tool will improve the management of tenants,” said Zulfadhli Zahir, Senior Executive Finance.
Part of the MRI Commercial Management solution set, MRI Advanced Retail is designed specifically for retail portfolios and has the capabilities to improve forecasting, tighten cost control, and increase staff productivity. The software includes a built-in percentage rent calculator that manages the full range of lease clauses, prorated breakpoints, cumulative and noncumulative methods, and estimated payments and offsets. Moreover, the highly flexible tool empowers users to track and integrate information about national tenants and chains, retail trends, sales history, lease details, and more. Powerful analytics will empower the business to effectively manage all tenant leases and fees, all while maintaining accurate financial data.
“We are excited to be growing our client base in the Malaysian market and looking forward to exceeding the high expectations of a sophisticated organization like Northern Mall Sdn Bhd,” said Stephen Baker, Vice President of Product Management. “We are confident that Advanced Retail will enable the business to improve their forecasting, tighten cost control, and increase staff productivity.”
The company will also entrust the hosting of their crucial data to the highly secure MRI Software-as-a-Service (SaaS). MRI’s award-winning hosting solution will enable Northern to focus on the launch of their rebranded mall instead of worrying about IT concerns. Additionally, their data will be protected at one of MRI’s highly secure Tier III+ data centers by detailed back-up and disaster recovery plans with multiple redundancies in place, ensuring minimal downtime in the event of an emergency.
For more information about MRI Software’s commercial solutions, visit our website.
About MRI Software
MRI offers property management software solutions to the global real estate management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, visit http://www.mrisoftware.com
About Northern Mall Sdn Bhd
Northern Mall Sdn Bhd is the owner of Perda City Mall, a regional shopping complex located in the city of Seberang Prai Tengah, Pulau Pinang. PCM is a 3-storey shopping complex built on a 79,565 square meter land with net lettable area of almost 800,000 square feet. Currently, PCM is undergoing a major Asset Enhancement Initiative with total cost of almost RM30million.