MRI Software Announces Key Enhancements and Innovations at Virtual Users Conference

MRI's comprehensive and flexible technology platform, coupled with an open and connected ecosystem, meets the unique needs of real estate businesses for the global commercial and residential markets.

FREMONT, CA: MRI Software, a global leader in real estate software solutions, announced a series of key enhancements and innovations across its product portfolio at MRI 'Ascend Anywhere' 2020, the first virtual edition of its annual North American users conference. With more than 1,700 registrants, the conference brought together professionals from across the real estate industry to attend virtual keynotes, presentations, and panels by MRI and its technology partners and guest appearances by celebrities, including TV chef and restauranteur Guy Fieri.

The event, which included the participation of nearly 50 companies from MRI's extensive partner network, featured sessions across a full range of real estate sectors, covering developments in MRI technology, industry trends, and how the company is working with its clients to address the changing needs of the market due to COVID-19.

"Now, more than ever, we believe that people thrive in well-connected communities," Patrick Ghilani, MRI's Chief Executive Officer, said at the event's opening session. Ghilani noted that through MRI's open and connected ecosystem, the company can provide its 45,000 clients worldwide with a "unified single experience," giving them "the freedom to transform the way communities live, work and play." He added: "Our mission has never been more visible and more appropriately executed."

Product enhancements unveiled at MRI Ascend Anywhere included expanded capabilities, improved integrations, and other upgrades to help clients extend their digital services and successfully adapt to new business challenges that have resulted from the pandemic. The enhancements include:

New MRI @Work innovations that are critical for many companies today, allowing both commercial real estate owners and occupiers to increase business agility and flexibility:

• Full integration of MRI Lease Intelligence with MRI Property Management X enables commercial landlords to gain insights and visibility into complex lease portfolios by abstracting data, using machine learning and artificial intelligence.

• Expanded managed services offering to meet end-to-end requirements of corporate real estate occupiers (enabled by the MacMunnis acquisition in August), providing lease administration services and lease auditing to enable more efficient management of ongoing lease transactions and optimize lease commitments.

• Tenant communications capabilities to facilitate digital collaboration and communication between commercial landlords and occupiers.

Enhanced MRI Living capabilities that streamline processes and help clients improve digital services for their residents, especially in light of an uptick in demand for these during the pandemic:

• Addition of RentPayment from MRI, which expands MRI's payment capabilities through the acquisition of RentPayment in September, helping landlords meet the increasing demand for flexible payment options – notably electronic payments, which have increased by 21 percent between January and September 2020, according to the MRI Software Market Insights report.

• Broadened ID verification and fraud prevention technology through CheckpointID, strengthening the multifamily lead-to-lease process with enhanced digital verification for lead management and applicant screening.

Additionally, MRI has seen rapid adoption of Application Gateway, the game-changing point of entry into its open and connected technology platform. Application Gateway provides streamlined user access between MRI solutions, partner products, and other third-party applications to create a more unified single experience. It is available now at no additional cost to all clients using MRI's Software-as-a-Service platform.

MRI also partnered with the Julian D. King Gift Foundation, a charity that provides stability, support, and positive experiences for children of all backgrounds to help them grow to be productive, confident, and happy adults. Donations to the charities from Ascend participants and MRI totaled $25,000.

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