Revolutionizing Real Estate Efficiency: MRI Software Announces Next Generation Property Management System

AI-enabled MRI Property Management XTM raises the bar for user experience with unprecedented access to data and insights

Solon, Ohio – March 7, 2024 MRI Software, a global leader in real estate software, sets the stage for a seismic shift in property management technology with the announcement of its next-generation Property Management XTM (PMX) solution. Embarking on a mission to redefine the very essence of property management, MRI’s enhancements to its flagship product will represent not just an evolution, but a revolution in user experience and data access. The result of a comprehensive, multi-year initiative to rethink critical property management functions and workflows, PMX has been redesigned from the ground up for improved usability, efficiency and intelligence.

The next-generation PMX solution is comprised of six key elements:

PMX X.7: Fortifying the Foundation
This cornerstone release introduces a more robust and scalable back-end architecture, empowering clients with improved speed, reliability and configurability. Enabling new features such as enhanced MRI Go search, configurable grids for all tables and refined import/export functionality, PMX X.7 strengthens the product’s core and lays the groundwork for future innovation.

PMX Reimagination: Redefining User Experience
Clients on PMX X.7 will begin gaining access to ‘reimagined’ pages featuring a modern UI/UX designed for maximum usability. These intuitive interfaces simplify onboarding, enhance user adoption, streamline day-to-day tasks and elevate data visibility and quality like never before.

PMX Studio Suite: Introducing Unparalleled Control
The antidote to costly workarounds and rigid solutions, the web-based toolkit for PMX will enable clients to be the architects of their own success – creating tailored pages, reports and workflows to perfectly align with their unique operational needs and upholding the hallmark flexibility that long-time MRI clients have enjoyed and come to expect.

PMX On the Go: Unleashing Mobile Freedom
Real-time property management comes to life with PMX On the Go, a complimentary mobile app available to all MRI Cloud clients. Whether in the office or on the move, users can access essential tenant, lease and vendor data instantly, enabling informed decisions and efficient task management.

MRI Agora Insights: Putting Your Data to Work
The MRI Agora Insights data and analytics platform brings together data from across the MRI product ecosystem, partner solutions and other client applications in an open and hyper-connected way. MRI Agora Insights empowers real estate teams with cross-product analytics and configurable dashboards that enable smarter, faster decisions.

Ask Agora: Elevating Efficiency through AI-Enablement
PMX now taps into the AI capabilities at the heart of MRI’s foundational PropTech platform, MRI AgoraTM. Leveraging generative AI, PMX will feature a new “Ask Agora” capability, allowing users to pose queries in natural language regarding any information within their PMX database and receive immediate, pertinent responses – empowering them to make informed decisions with unprecedented ease.

“If you envision MRI’s solution suite as a cityscape, PMX stands tall as our skyscraper, and the MRI Agora platform operates as the foundational infrastructure connecting the ecosystem,” said Patrick Ghilani, Chief Executive Officer at MRI Software. “With next gen PMX, we’re renovating a building – but we’re also redesigning a new skyline of possibilities with essential utilities that support not only our city but neighboring PropTech communities.”

Over 2,500 clients and 50,000 end users currently use PMX to power their operations and manage a diverse portfolio comprised of more than one million residential units and one million commercial leases worldwide. Further illustrating the industry’s ongoing confidence in MRI’s open and connected ecosystem, MRI’s Partner Connect program saw the addition of 25 new partners in 2023.

“These advancements are the fruits of ongoing collaboration and partnership with our clients and partners,” said John Ensign, President and Executive Managing Director of North America at MRI Software. “We’ve been listening. We’ve been innovating. We’re committed to reshaping not only our products, but the industry standard. We’ll deliver tools and foster a connected technology ecosystem that redefines the future of Proptech – reaching beyond bricks and mortar to encompass the hearts and minds of our clients and the communities they create.”

Learn more here: https://www.mrisoftware.com/products/property-management-x/

About MRI Software
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s open and connected, AI-first platform empowers agents, owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide, including the public and affordable housing sector. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com.

Media contacts
For more information please contact the PR person listed below closest to you:

North America for MRI
Rachel Antman
+1 212-362-5837
rachel@saygency.com

EMEA for MRI
Platform Communications
Hugh Filman
+44 7905 044850
mri@platformcomms.com

ANZ for MRI
Heather Jones
+61 400 394 669
heather@hjconsulting.com.au

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