MRI Software: Bringing Business Intelligence to Life
retailciooutlook

MRI Software: Bringing Business Intelligence to Life

Brian Zrimsek, Chief Products Officer, MRI SoftwareBrian Zrimsek, Chief Products Officer
As retailers expand or acquire properties, an inevitable challenge faced by landlords ensues from effective asset and merchandise management. Furthermore, the success of today’s retail organization also depends on visibility and actionable insights derived from the vast pool of data generated each day. “A core factor in attaining comprehensive data analytics lies in the implementation of competent Business Intelligence (BI) capabilities,” remarks Brian Zrimsek, Chief Products Officer, MRI Software. Bringing BI to life, MRI Software offers robust and flexible solutions, from property-level management and accounting to the most complex modeling and analytics for the retail market.

Allowing users to gain control over their retail portfolio, the company’s MRI Advanced Retail solution tracks and integrates information about tenants and chains, retail trends, sales, and lease details, presenting the information necessary to make quick, informed decisions. “Our tool comprises multiple features which help conduct financial evaluations, budgeting, forecasting, lease management, and complex calculations, such as CAM and percentage rent automation,” says Zrimsek. Advanced Retail is fully integrated with LeaseFlow, a complete lease tracking, contact management, and workflow solution. The system analyzes profitability during lease negotiations, improves communications, and provides complete control of the retail real estate lifecycle. Additionally, for strategic modeling and risk management, the company's MRI Investment Management suite is a comprehensive financial modeling package that integrates with MRI’s flexible property manage platform. The combined offering enables users to model financial data, manage debts, run reports in the cloud, and automate complex business processes. Ensuring visibility into diverse debt obligations, the solution also assesses liquidity positions and analyzes re-financing opportunities.

Allowing users to gain control over their retail portfolio, the company’s MRI Advanced Retail solution offers dynamic processing and reporting capabilities


Another example of the company’s focus on improving the overall experience of using property management software is Version X, MRI’s latest property management platform that utilizes an unparalleled global search functionality, reducing the time necessary to find information and initiate common tasks. “We recently added a variety of intuitive features and functionality into our platform which now presents flat menu structures, browser and device freedom, and data mobility,” states Zrimsek.
Committed to constantly enhancing the client experience, MRI Software recognizes the critical value of third party integrations. MRI’s Partner Connect program includes over 40 companies providing applications that expand and customize the solutions delivered by MRI. “We do not believe in dictating technology strategies to our clients and whole-heartedly support the personalization of our solutions to suit a client’s needs,” asserts Zrimsek.

Leveraging more than forty years of business experience, MRI software empowers its clients to maximize their returns on diverse real estate portfolios. As an example, MRI is currently working closely with a growing fast food retailer assisting insite feasibility and financial modeling. “Our model not only comprises of analyzing costs incurred at the construction site but also includes selection of the best location,” says Zrimsek. For an organization’s back office, MRI Software offers support for lease administration and bank reconciliation that allow clients to realize the insights necessary to improve their leasing strategies.

Moving forward, MRI Software plans on enhancing their BI and data visualization capabilities. The company also has their eyes set on expanding their corporate and retail real estate management solutions. “Our vision for the future is to change the way retail centers operate, fostering collaboration between the tenant and landlord, more effective management of retail centers, and greater visibility into property-level operations,” ends Zrimsek.