We are excited to announce that Assetsoft will participate in the MRIAscend APAC 2024 conference, which will be held at the Hilton in Sydney, Australia. This premier event is a fantastic opportunity for property management industry professionals to discover the latest innovations and solutions. We invite you to visit our booth to learn more about how we can help streamline your operations and enhance efficiency through advanced automation and integration solutions.

MRI Ascend 2023 is still going on till October 28th, and it's the best place to acquire rare insights and deep industry knowledge. You can also learn more about the extensive suite of products from the house of MRI. 

One such solution is Property Management X. It improves access to data, speeds up responses, and helps you develop informed strategies. 

The platform is focused on core financials with advanced features to stay on top of your operations. It is the perfect solution to manage complex portfolios spread across countries. 

Let's explore how you can boost your core financials with Property Management X with insights from Ascend 2023. 

Built on Platform X

Every product from MRI stands on the foundation of the advanced Platform X. It is a flexible, scalable, and highly customizable solution to meet your unique needs. 

Most importantly, Platform X allows you to adapt to the ever-changing trends and demands of the industry. You are always prepared to spot and address disruptions when they arise. 

Platform X is cloud-based for seamless accessibility. Businesses can get the ultimate user experience, whether on a computer or smartphone. 

Most importantly, the unified platform allows the sharing of knowledge across stakeholders. You can generate deep intelligence to drive your finances and boost profitability. 

Property Management X - Core Financials Reinvented

Property Management X is a powerful tool to take your real estate business to the next level. Its agile functionalities help you manage various asset classes, currencies, and locations. 

Moreover, you get a centralized and intuitive way to analyze your data and generate meaningful insights. The advanced and customizable reporting features are also a boon to real estate businesses. 

Commercial Management

You can streamline the management of your offices, retail spaces, and commercial properties with Property Management X. It helps simplify your workflows and generate deep visibility into your finances. 

The ecosystem of applications gives you the power to unearth opportunities for saving operating costs. You can also plan strategically and leverage intelligent automation to save money and time. 

Residential Management

The residential management features are apt for build-to-rent properties. You can attract more residents and boost your retention rates. 

Most importantly, you can offer a customized digital experience to your tenants. They can submit maintenance requests and pay rent online. 

An improved tenant experience impacts your revenues positively. Additionally, you get visibility across all levels of your business. 

Advanced Financials Suite for Real Estate

Property Management X comes with a unified suite of financial tools to control your processes. You get up-to-date and accurate financial information to make profitable business decisions. 

General Ledger

Enjoy a general ledger system to record all critical information across all levels. It gives you a comprehensive view of your portfolio across time for long-term planning. 

You can also streamline operations with data segmentation, advanced controls, and data consolidation. 

Accounts Payable

Forget the pain of managing accounts payable with Property Management X. It gives you excellent control over your processes and allows you to scale seamlessly. 

Best of all, you can integrate your accounting software with Property Management X to expand your scope. It also allows you to automate workflows, like the matching of accounts. 

Corporate Accounts Receivable

Billing for third-party services got simpler with Property Management X. It helps you eliminate manual data entry and streamline your accounts receivable workflows. 

You can also leverage an extensive collection of standardized reports for improved communication. 

Fixed Asset Accounting

Compliance won't cause you nightmares when you rely on MRI. You can comply with all tax, accounting, and financial reporting requirements without exceptions. 

Most importantly, the multi-currency capabilities of Property Management X help you comply with local and international regulations. 

Job Cost

MRI allows you to track job costs for your entire project. It provides end-to-end visibility at granular levels to control costs and maximize efficiency. 

You will never have to worry about surpassing your budget. 

Budgeting and Forecasting

Increase the speed and accuracy of your budgeting with Property Management X. Use solid data to make informed decisions and rule out guesswork. 

It is also possible to eliminate laborious import and export processes. 

Implement Property Management X

Complex portfolios should consider a solution like Property Management X for better returns and tenant satisfaction. Contact us for a smooth implementation and integration of MRI solutions with your business apps. Call us today to tell us your requirements. 

Several technologies are disrupting the construction and real estate industry. A few notable ones include artificial intelligence (AI), machine learning (ML), and natural language processing (NLP).

Many real estate solutions like MRI have adopted these technologies to improve their capabilities. They are unleashing these technologies to enhance visibility, manage risks, and boost profitability. 

One key area to benefit from these developments is MRI contract intelligence. It now leverages AI, ML, NLP, and deep learning to foster unparalleled business insights. 

MRI has transformed its earlier platform, Leverton AI, into MRI Contract Intelligence with superior features and functions. 

Let’s see what it can do for your real estate business with the information we learned in Ascend 2023. 

A Patented Technology

MRI Contract Intelligence is a patented technology. It leverages deep learning algorithms to learn from examples. 

In comparison, other tools use specific rules to serve their purpose. 

As a result, MRI is suitable for complex and nuanced data extraction from leases. It can even surpass human efforts and manual data extraction in efficiency. 

The platform has five patents in different countries to prove its value. 

The proprietary technology can be trained by businesses to meet unique requirements. It can decipher data from even the most complex documents by recognizing patterns and layouts. 

The solution also comes with improved optical character recognition (OCR) technology. It can even deal with nuances of image-to-text extractions. 

Save Time and Costs

MRI can scan and extract data from a range of documents. The list includes PDFs, handwritten pages, images, and more. 

Most importantly, the platform categorizes and sorts data based on essential factors like dates, financial details, and terms. 

Additionally, you can review leases automatically. It can reduce your review time by 50% - 75%. 

Your manual abstraction costs can also come down by up to 50%.

Make Well-Informed Decisions

MRI uses AI and ML to review leases comprehensively. It can detect hidden terms and clauses in leases to provide complete visibility. 

As a result, businesses can be aware of their obligations from the beginning. There is no scope for any misunderstanding. 

Additionally, MRI Contract Intelligence can assess the risks that come with every contract. You can generate insights on:

• Operational risks

• Legal risks

• Financial risks

Being aware of risks helps you avoid unpleasant surprises. You can take timely steps to mitigate risks and turn the disadvantages in your favor. 

All the data helps you make informed decisions and prevent revenue leakage. 

Contract Management

Managing contracts can become a challenge for real estate agencies. The challenge may increase when you are dealing with countless contracts simultaneously. 

MRI allows you to manage your contract lifecycle like a pro. It acts as a central hub to store all your contracts and essential information. 

Additionally, you get all the features and tools to manage your entire contract lifecycle. It is also possible to automate workflows like:

• Approvals

• Contract creation

• Archiving

• Renewal notifications

MRI is the perfect solution to streamline your contract management and stay on top of all vital obligations. 

Intuitive Information Retrieval

Real estate agencies must be able to access the correct data at the right time. MRI Contract Intelligence provides advanced search capabilities and retrieval features never to let you worry. 

You can search for information by using keywords or folders. It is also possible to locate data using a structured data format. 

You can also create custom calendars and reminders never to miss important tasks. 

Most importantly, you can use natural language to look up information. There is no need to remember exact file names or data. 

MRI Contract Intelligence - The Perks

MRI can transform your contract management into a visible and intuitive process. You can also enjoy benefits such as:

• Accurate and high-quality data

• Leverage source-based data for informed decisions

• Automate workflows to save time

• Identify cost-saving opportunities

• A complete audit trail for full transparency

Leverage MRI Contract Intelligence

MRI Contract Intelligence can be a game-changer for your real estate agency. Assetsoft can help you choose the right technology stack to gain a competitive advantage. We can also ensure a seamless implementation and provide necessary staff training. Our team is also expert at integrating MRI with a range of solutions. Contact us today to learn more about our services.