News, views and industry trends
Key accounting factors to consider when making lease modifications
In the aftermath of the pandemic, many organizations are re-evaluating the amount of available workspace in their leases, whether for space management or financial reasons. This requires real estate accountants to modify leases properly and stay comp…
A hybrid style of work is here to stay
More so than ever are we working remotely, with employers needing to rethink office space, collaboration, and requirements within the workplace. As the world population slowly becomes vaccinated, questions are arising as to what the future of the wor…
Use MRI OnLocation to meet government and organisational sign-in and contact tracing needs
Most businesses globally are required to display a government-issued QR code which those entering their workplace need to scan. But asking your visitors to sign in to both MRI OnLocation and then a separate process for the government-issued QR code c…
4 commercial real estate metrics to drive financial success
In an era where real estate firms are inundated with data, it can be hard to know what data is most important to your business, and it can be even harder to uncover that information in the first place. CFOs and Controllers in real estate firms need t…
Working from home, and the desire for social interaction
A vast majority of employees surveyed voiced opinions of their desire to regain daily interaction with colleagues, along with wanting to maintain relationships with clients and stakeholders. However, to return safely to the workplace, protective meas…
Preparing for FY20: How to ensure AASB 16/IFRS 16 compliance this EOFY and beyond
Accounting standard AASB 16/IFRS 16 is effective for reporting periods commencing on or after 1 January 2019, meaning that for many companies in Australia reporting begins from July this year. Already it has become widely accepted to be one of the mo…
How to calculate the Internal Rate of Return and what it means for the real estate industry
For commercial real estate investors and owners, mitigating risk requires making informed decisions based not only on accurate data, but also on the projected return on investment and rate of return. One such tool asset managers can use to assess the…
7 key considerations for better spend control in property management
This blog was written by Andy Hamilton, a Consultant at Proactis. Proactis, a certified MRI Software Solutions Partner, helps property management companies control 100% of their spend. Their solution transforms the Source-to-Pay processes, which help…