MRI usually has their largest user conference in one of the North American cities under the banner IUC. Starting this year, MRI International User Conference was renamed as “MRI ASCEND” and will be hosted in multiple countries such as the USA, UK, South Africa, and Australia. The North American conference this year was held in Anaheim, California from Oct 13- 16th and it was the largest conference up to date; with over 1300 attendees including representatives of more than 60 technology partners. MRI unveiled a range of key new solutions during the opening session. The announcement asserted MRI’s commitment to innovations that further optimize the user experience for both clients and their customers. Allowing access to MRI and third-party applications while enhancing integrations and workflow, the announced products bring new payment, lead management, lease intelligence and secure signature capabilities to MRI’s comprehensive portfolio.
In the era of encouraging the concept of “Proptech”, MRI offers accounting software and property management for residential, commercial and multifamily properties along with retail, office and corporate real estate applications for nearly 50 years. During this time, MRI used multiple technologies to collect the data in order to get one consolidated report which gave rise to MRI’s revolutionary web-based real estate software known as Platform X. Platform X is flexible enough to act as the central hub of client’s infrastructure, allowing users to add modules and third-party applications to handle specific business functions within a single system. This certainly ameliorates user experience and data mobility. Allowing users to bind multiple systems to one powerful ecosystem, Platform X brings Smart Data into action. Smart data is nothing but the transformation of information into a format that can be acted upon. One of the fundamentals of Smart Data is to collaborate across business teams effectively. Instead of delivering bulk information to all Smart Data works smarter by presenting user-specific data which is relevant to team members such as Asset Managers, Property Managers, Treasury Analysts, and Stakeholders. This way, in order to harness, benefits Platform X transitions meaning-less Big Data into actionable Smart Data.
MRI is also making a lot of strategic investments, one of which was acquiring AI Real Estate pioneer LEVERTON recently. With expertise in the application of Artificial Intelligence to real estate data analytics, this acquisition brings a global PropTech leader into the MRI family. Strengthening efficient lease abstraction, Optical Character Recognition and AI-based technology convert documents to machine-readable text and store them in a centralized repository. This has enabled companies to create transparent, accurate and auditable lease portfolios which is essential to comply with global accounting standards. By incorporating AI-driven Leverton Intelligence, MRI is enhancing their customer experience and enabling clients to access data across its universal ecosystem. MRI is always looking to improve business through innovation and leveraging the power of AI to achieve operational excellence fits with that spirit.
As long-time MRI consultants, Assetsoft is looking forward to helping clients leverage these new solutions. Our robust team of industry, technical and functional experts can help you develop real solutions for your real property enterprise. Contact us today at sales@assetsoft.biz for more information.