MRI Software Partners with Nexus Systems to Launch AP Automation for International Markets

Accounts payables automation saves time and money for real estate accounting teams

Solon, OH—November 17, 2016 – MRI Software, a global leader in real estate software solutions, announced today a new product developed in conjunction with its long-time partner, Nexus Systems, a leading provider of accounts payable (AP) and procure-to-pay applications. MRI AP Automation Powered by Nexus Systems is a new MRI procurement and payables product that provides an entirely paperless and automated procurement and accounts payable solution to the company’s clientele operating in Canada, Central and South America, EMEA, Asia, and ANZ. An extension of MRI’s financial management suite, MRI AP Automation Powered by Nexus Systems couples intuitive, consumer-oriented purchasing capabilities with the robust approvals and controls accounting and finance users require. MRI AP Automation provides accounting teams greater visibility into expenditures and improved expense management control to increase operational efficiency and streamline costs.

“This new product extends our promise of innovation and investment to our clients operating outside the United States,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “MRI AP Automation Powered by Nexus Systems leverages the flexibility and openness of MRI’s flagship Version X property management platform to deliver true interoperability and a unified user experience across two enterprise software platforms.”

MRI AP Automation Powered by Nexus Systems allows accounting teams to digitally manage each aspect of the procurement process, including on-site purchasing, purchase orders, sophisticated approval workflow, invoice data capture, budget and actuals comparisons, vendor compliance and comprehensive reporting. Integration via MRI’s Information Exchange (MIX APIs) provides a secure and automatic two-way data exchange.

“Nexus Systems is extremely excited to extend its relationship with MRI Software into international markets to continue to provide best-of-breed solutions for AP management,” commented Thomas Coolidge, CEO of Nexus Systems. “We look forward to building on a successful partnership that spans close to 15 years and supports hundreds of mutual clients.”

MRI AP Automation Powered by Nexus Systems is available immediately for MRI’s property management clients operating in Canada, Central and South American, EMEA, Asia, and ANZ.

Supporting resources:

• View the AP Automation web page
• Read the blog, Electronic Invoicing: The Single Best Way to Lower Invoice Costs

About Nexus Systems

Nexus Systems is the leading provider of web-based applications that drive business process efficiencies and business process accountability, focusing on the accounts payable realm. From its inception in 1999, the team at Nexus Systems has worked diligently to maintain its reputation as a highly responsive, innovative, and dynamic software company. Nexus Systems is a privately held company headquartered in the Washington, DC Metropolitan Area in Falls Church, Virginia. Its staff is comprised of technically savvy, hand-picked professionals with a dedication to satisfying each customer. Its flagship product, NexusPayables, automates the traditionally paper intensive accounts payable procure-to-pay process and is recognized as the best-in-class paperless solution. The NexusPayables application enjoys continued success as a result of its mature and robust functionality, intuitive interface, flexibility, compatibility with other systems, and overall ease of use.

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Atlanta, Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com.

Press contacts:

Emily Wells
MRI Software
404.250.4018
emily.wells@MRIsoftware.com

Jennifer Shaw
Nexus Systems
703.524.9101
jshaw@NexusSystems.com

MRI Software Announces Launch of Investment Accounting

Expanded Investment Management suite offers automated consolidated financials and investor accounting for real estate investment funds and REITs

Solon, Ohio – November 15, 2016 — MRI Software, a global leader in real estate software solutions, announced the launch of Investment Accounting, an automated accounting and consolidated financials solution. Investment Accounting automates the time-consuming and manual process of generating consolidated financial statements, manages contributions and distributions, and provides unrivaled flexibility in investor reporting. Additionally, Investment Accounting allows clients to streamline labor-intensive and error-prone processes, ensure auditability, and keep key investors informed.

“The Investment Accounting solution is designed to help our clients manage the accounting and reporting associated with all types of real estate investment structures,” said Stan Price, Vice President, Investment Management Solutions at MRI Software. “The ability to understand and communicate investment performance to key stakeholders is part of our unwavering commitment to providing a comprehensive investment management solution for the real estate industry.”

With intuitive fund structure setup, account mapping, and the ability to handle details such as elimination entries and past period adjustments, Investment Accounting is designed for even the most complex fund structures. Sophisticated capital processing handles commitments, capital calls, and contributions. Its tailorable waterfall engine supports complex distributions and allows investor payments to be calculated reliably in minutes. With a complete set of investor books and a robust, customizable report engine, Investment Accounting offers users the most flexible investor reporting available.

Investment Accounting is the latest innovation in MRI’s industry-leading Investment Management suite, which helps clients understand, manage, and communicate the performance and risks of deployed capital to drive maximum returns. In addition to Investment Accounting, the unmatched solution provides investment performance and strategic modeling, as well as full investor management as a result of MRI’s acquisition of Integratec Services in June 2016.

Investment Accounting is built within the MRI Financials suite, ensuring data integrity and streamlining clients’ business processes to power a single experience. Investment Accounting is currently available on MRI Version X.4, the newest release of the award-winning Version X solution.

Supporting Resources

• Download the Investment Accounting data sheet
• Watch the Investment Accounting demo
• Learn more about Version X.4 here

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, the company has offices in Cleveland, Atlanta, Toronto, London, Sydney, Singapore and Hong Kong. For more information, please visit www.mrisoftware.com.

Press contact:

Emily Wells
404.250.4018
emily.wells@MRIsoftware.com

 

RentHop Joins MRI Software’s Apartment Marketing Network

MRI’s Market Connect solution expands advertising reach of multifamily properties through seamless distribution to RentHop’s online rental marketplace

Solon, Ohio – October 11, 2016 – MRI Software announced today that RentHop, an industry-leading rental marketplace, has joined MRI’s Internet Listing Services (ILS) network. As a premier apartment marketing and reservation solution, MRI Software’s Market Connect allows clients to distribute, manage and enhance online advertisements by seamlessly connecting top Internet Listing Services (ILS), including RentHop.

“We’re thrilled that RentHop has joined MRI’s ILS partner network,” said John Ensign, Executive Vice President and General Counsel at MRI Software. “In today’s digital world, apartment hunters expect an efficient online experience to make informed decisions about their next residence. The addition of RentHop as an ILS partner gives our clients access to an expanded market of prospective renters, along with the flexibility to automate and manage the online listing process.”

RentHop is focused on making the apartment search process as smooth as possible for apartment hunters. Finding a new home can be overwhelming, but it shouldn’t require renters to look through thousands of online apartment listings. By sorting listings based on quality and availability, RentHop ensures the renters receive the most accurate information to help them make effective decisions. The sorting feature also makes sure quality listings receive more visibility.

“RentHop is excited to begin our partnership with MRI Software and to help its Market Connect clients gain exposure to renters across the country,” said Lawrence Zhou, Co-Founder of RentHop. “RentHop is dedicated to making rental decisions as simple as possible, and we look forward to serving MRI’s Market Connect clients.”

MRI Market Connect Apartment Marketing solutions provide consumer-centric apartment marketing, leasing, and market analysis capabilities. Designed to deliver an ideal online experience, the software automatically updates and manages content, including current pricing and availability pulled directly from the property management or revenue management system. Market Connect clients can enhance their RentHop advertisements while enjoying streamlined operations, higher quality leads, and increased lease conversion rates.

In addition, the MRI Market Connect solution allows apartment renters to check unit availability in real time, request to hold a specific available apartment, or find out if they are qualified to rent from the community. Apartment hunters can also begin the leasing process online to avoid time-consuming phone calls and emails.

For more information about MRI Market Connect Apartment Marketing solutions, view the product brochure.

About RentHop.com

RentHop makes apartment search smarter.

RentHop is a fast-growing apartment search service focused on the major metropolitan areas. The site delivers real-time listings and uses a unique sorting algorithm that ranks apartments and listings by quality. For more information, visit https://www.renthop.com.

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, the company has offices in Cleveland, Atlanta, Toronto, London, Sydney, Singapore and Hong Kong. For more information, please visit www.mrisoftware.com.

 

Press contact:

Emily Wells
404.250.4018
emily.wells@MRIsoftware.com

MRI Software Announces Acquisition of CallMaX

CallMaX’s Automated Communications Suite Is Newest Addition to MRI’s Comprehensive Technology Platform for the Multifamily Real Estate Sector

Solon, OH – October 4, 2016 – MRI Software, a global leader in real estate software solutions, announced it has acquired Atlanta-based CallMaX, a leader in SaaS and mobile front-office solutions for apartment communities in the multifamily real estate industry. CallMaX’s automated communications platform enables communities to significantly improve their leasing and marketing functions, resident communications, office management and maintenance operations with an innovative combination of automated answering and outbound call services, mobile and web technology.

“In today’s on-demand digital economy, prospects and residents expect leasing and property management teams to be available 24/7,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “With the addition of CallMaX to our portfolio, MRI is now able to offer our multifamily customers a complete marketing and automated communications suite that allows them to generate more and higher quality leads, increase resident satisfaction and improve customer service.”

CallMaX estimates that approximately 80% of multifamily property management firms still rely on inefficient, error-prone and costly approaches to call management. These systems are plagued by poor quality of service, slow response times and high human error rates, which – in turn – lead to lost revenue from missed leasing opportunities and high resident turnover. CallMaX’s front-office solutions enable property management teams to automate inbound call processing, broadcast messages, facilitate resident surveys, and manage package tracking and notifications. Additionally, through the combination of MRI’s Connect suite and CallMaX’s services, marketing and leasing teams can capture and track all prospect leads across channels and analyze campaign performance to optimize marketing ad spend. Built atop a multi-modal communications platform, CallMaX’s solutions enable prospect and resident communications via traditional telephony, text, email, and live web and text chat – allowing prospects and residents to reach leasing and property management teams anytime using their preferred method of communication.

“We are thrilled to be joining forces with MRI Software, a respected and leading brand in the real estate technology sector, and look forward to developing the many synergies that exist between our two companies,” said John Lamb, previously Chief Operating Officer of CallMaX and now Managing Director of MRI’s CallMaX division. “MRI’s focus on customer success aligns perfectly with our commitment to delivering high-quality communications and unparalleled service for leasing teams, property managers, prospects and residents.”

CallMaX will continue to serve its clients without interruption and remains committed to providing and supporting solutions for all organizations, regardless of their property management software. Integration initiatives with MRI Software will focus on alignment of shared services, sales and account management and joint product development to integrate the CallMaX solutions into MRI’s multifamily Connect suite.

About CallMaX

CallMaX is the leading provider of front office solutions for the multifamily industry. Since its founding in 2003, CallMaX has been the recognized leader in feature innovation with a growing list of industry-firsts, including speech recognition technology, web and mobile based answering service access, lead follow-up automation and many more. CallMaX serves more than 1 million units nationwide and processes more than 1 million phone calls per month, while enjoying one of the highest customer retention rates in the industry. More information is available at www.callmax.us.

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Atlanta, Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com.

Press contact:

Emily Wells
404.250.4018
emily.wells@MRIsoftware.com

Leading real estate investment trust powers centralized operations with MRI’s open and configurable software platform

Cleveland, Ohio – September 29, 2016 – MRI Software, a global leader in real estate software solutions,  today announced that AvalonBay Communities, a real estate investment trust with more than 80,000 residential units in some of the best U.S. markets, has extended its software licensing agreement with MRI to manage its nationwide portfolio of apartment communities. AvalonBay utilizes MRI Software’s multifamily property management solutions to manage property-level accounting across its nationwide footprint.

“AvalonBay has enjoyed a decade-long relationship with MRI Software,” said Mona Stahling, Senior Vice President of Operations and Support at AvalonBay. “MRI gives us the flexibility to integrate both the proprietary and third-party solutions that power our technology operations. Our centralized shared services group relies on MRI’s property management and billing solutions to handle property operation transactions.”

AvalonBay utilizes MRI Software’s Residential Management, Commercial Management, Tenant Connect portal, Financials and Accounting, and Affordable Housing products. AvalonBay recently upgraded to Version X of MRI’s Property Management software, which delivers an unmatched user experience, responsive design, complete data mobility and global search capabilities. AvalonBay also utilizes the MRI Information Exchange, API toolkit and Partner Connect programs to integrate third-party applications such as CRM, revenue management, screening, call center and other solutions into MRI’s property management platform.

“We are thrilled to extend our long-standing, successful partnership with AvalonBay Communities,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Enabling customer success and building trusted relationships are top priorities for our team members. It is certainly an accomplishment to have earned the business of some of the largest names in residential real estate, and we are truly proud to continually expand those relationships and grow trust over time as we have with AvalonBay.”

MRI Software’s flexible and configurable property management platform powers the business operations of more than one fifth of the National Multifamily Housing Council’s top 50 managers and owners.

About AvalonBay

AvalonBay is an equity REIT in the business of developing, redeveloping, acquiring, and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States. As of June 30, 2016, the Company owned or held a direct or indirect ownership interest in 283 apartment communities containing 82,984 apartment homes in 10 states and the District of Columbia, of which 23 communities were under construction and seven communities were under reconstruction. More information may be found on the Company’s website at http://www.avalonbay.com.

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Atlanta, Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com.

Press contact:

Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541.207.6413

MRI Software Expands Global Presence with New European Data Center

Dublin-based Facility Hosts Property and Investment Management Platform for Largest Global Investors and Managing Agents

Cleveland, Ohio – September 6, 2016 – MRI Software, a global leader in real estate software solutions, today announced the opening of a new state-of-the-art data center in Dublin, Ireland, to serve the company’s growing cadre of software-as-a-service (SaaS) clients in Europe, the Middle East and Africa (EMEA). A consistent presence in the EMEA market for more than 25 years, MRI Software provides investment and property management solutions to nine out of twelve of the world’s largest global investors.

“With global markets in a period of unprecedented uncertainty, real estate investors require sophisticated software tools to model and understand the impact of Brexit and other world events on their portfolios and market outlooks,” commented Stephen Baker, Vice President of International and Strategic Markets at MRI Software. “MRI Software serves our global clients with the most robust, open and configurable platform for real estate property and investment management. Our clients rely on MRI’s deep modeling capabilities to rapidly analyze the impacts of changing currency exchange rates, interest rates and investment decisions, allowing them to manage risk and maximize return for their investors.”

MRI Software’s new Dublin data center, which provides a secure, reliable and local presence for customers in the EMEA region along with robust disaster recovery features, has been live in production since June 1, 2016. The EMEA data center is MRI’s fourth location globally and complements facilities in Singapore, Atlanta and Chicago.

“The opening of our EMEA data center is a significant milestone for MRI Software and strengthens our commitment to delivering an exceptional offering to our EMEA clients,” added Terry Keller, MRI Software’s Senior Director of Infrastructure, Operations and Security. “We are excited about this new addition to our global infrastructure and look forward to providing even stronger solutions in this region.”

More than 2,000 businesses worldwide trust MRI Software to power their real estate portfolios, including leading international brands such as Colliers International, Savills, TH Real Estate, UBS, and many more.

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, the company has offices in Cleveland, Atlanta, Toronto, London, Sydney, Singapore and Hong Kong. For more information, please visit www.mrisoftware.com.

 

Press contact:

Alexis Jaffe
MRI Software
216-825-6715

MRI Software is a Proud Winner of Northeast Ohio’s 99 Best Places to Work

Cleveland, Ohio – August 29, 2016 – MRI Software, a global leader in property and investment management solutions, is proud to announce that it has been recognized by ERC as one of Northeast Ohio’s 99 best places to work. This is the tenth time that MRI Software has received the award.

“We are thrilled to accept this prestigious award for a tenth time,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Our incredible and passionate team members are the key to our business’s success, and we are committed to providing them with a culture that drives professional growth through cross-departmental and upward mobility, training, trust and support.”

NorthCoast 99 recognizes great places to work for top performing people that drive results, provide competitive advantages and allow businesses to innovate and grow. Applicants are evaluated based on policies and practices related to the attraction and retention of top performers, as well as data collected from employee surveys.

“We’re extremely honored to recognize the 2016 NorthCoast 99 winners. These organizations have earned the right to call themselves a great workplace by their dedication to attracting, supporting, retaining and motivating their Top Performers. ERC developed the NorthCoast 99 program with the hopes of inspiring local leaders to promote the great workplace movement,” commented Pat Perry, President of ERC.

More than 400 of MRI Software’s 625 employees are based in the company’s Solon, Ohio, headquarters. With offices on four continents, MRI continues to grow at home, increasing its Northeast Ohio workforce by 10% this year alone. MRI is actively engaged in the local community, including Engage! Cleveland, Cleveland Corporate Challenge, partnering with local colleges and more.

NorthCoast 99 is an annual recognition program that honors 99 great workplaces for top talent in Northeast Ohio. The program focuses on organizational practices and performance. The program is presented by ERC (www.yourerc.com), the area’s leading professional services organization dedicated to HR. Sponsors of the NorthCoast 99 program include: Anthem Blue Cross & Blue Shield, CareerCurve, Cleveland Magazine, ERC Health, Frantz Ward LLP, Gino’s Awards, Oswald Companies, Staffing Solutions Enterprises, and Ultimate Software.

Supporting resources:

• Blog: MRI Software is NorthCoast 99 Winner – For the 10th Time!
• Video: Why Employees Choose MRI Software
• About MRI: Our Team

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, the company has offices in Atlanta, Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com.

Press contact:

Alexis Jaffe

MRI Software

216-825-6715

Leading Canadian Real Estate Firm Relies on MRI Software’s Retail Sector Expertise and Open, Configurable Platform

Cleveland, Ohio – August 11, 2016 – Canadian-based real estate firm, Harvard Developments, recently chose MRI Software as its long-term property management software provider. Harvard Developments – which provides real estate services for commercial, office, retail, residential, industrial and investment markets nationally and internationally – will utilize MRI’s Commercial Management Suite and Property Operations Solutions for their leasing, property management, development and property acquisition needs.

Harvard Developments selected MRI Software for the company’s expertise in retail property management the unprecedented flexibility of its open and highly configurable software platform and its unwavering commitment to customer service. MRI Software’s ability to quickly configure its system to accommodate Harvard Developments’ unique business requirements was also a deciding factor.

“The real estate businesses of Harvard Developments recognized a need for a more sophisticated, flexible and integrated solution to facilitate future growth,” said Michele Leblanc, Manager of Information Technology at Harvard Developments. “We are excited to have selected MRI Software and look forward to implementing their suite of powerful property management, facility management, job cost and accounting solutions. We also spoke to several references who highly recommended MRI.  A key factor in our decision was their sales team’s demonstrated quality customer service, professionalism and responsiveness during our evaluation process.”

“I’m very excited to welcome Harvard Developments to our global retail client ranks,” said Patrick Ghilani, Chief Executive Officer at MRI Software. “Our retail solutions will automate many of Harvard Developments’ manual processes and increase their operational efficiency. We take great pride in effectively serving the global retail industry, and I’m confident that our solutions will enhance Harvard Developments’ already successful business.”

Supporting resources:

• Data Sheet – MRI Commercial Management
• Data Sheet – Advanced Retail

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, the company has offices in Atlanta, Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com.

About Harvard Developments

Based in Regina, Saskatchewan, Harvard Developments Inc. provides a full range of real estate services which focus on creating value assets. Dealing in commercial, office, retail, residential, industrial and investment markets, nationally and internationally, the company has an exceptional record of performance in leasing, property management, development and the acquisition and divestiture of properties. The principals and senior management possess a vast knowledge of the real estate market in Western Canada and the Southwest United States.

Press contact:

Alexis Jaffe

MRI Software

216-825-6715