Tanger Properties Enhances its Budgeting Process with MRI Budgeting & Forecasting

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Impressed with the product’s current capabilities and planned additional functionality, Tanger selected the popular Budgeting & Forecasting module to its array of MRI Property Management solutions.

Tanger Properties’ transition to Budgeting & Forecasting will enable them to view, analyze, and project expenses and revenue with great detail while enjoying the intuitive, easy to use Web-based interface. - Stephen Baker, VP of Product Management at MR

Tanger Properties LP (Tanger), a publicly traded Real Estate Investment Trust that operates and owns, or has ownership interest in a portfolio of 44 upscale outlet shopping centers, experienced in greater detail the most recent enhancements made to the Budgeting & Forecasting module at the 2013 MRI International Users Conference and was impressed with the product’s current functionality and robust reporting capabilities. After learning that additional retail functionality would be available in the near future, Tanger decided to implement the industry-leading product.

MRI Software released Budgeting & Forecasting to satisfy the need for a more robust financial analysis and planning offering. Budgeting & Forecasting maintains the high configurability that is the trademark of MRI’s product line while providing the detailed reporting necessary to budget and forecast more accurately. By empowering users to generate flexible reports tailored to their specific needs, property owners and managers are able to view the data that matters most to their business.

“Tanger Properties’ transition to Budgeting & Forecasting will enable them to view, analyze, and project expenses and revenue with great detail while enjoying the intuitive, easy to use Web-based interface,” said Stephen Baker, VP of Product Management. “Budgeting & Forecasting is designed to increase efficiencies during the budgeting process, allow for flexibility with reforecasting capabilities and ultimately help businesses like Tanger Properties LP make better informed business decisions.”

Budgeting & Forecasting leverages previous budgets and current data found in the MRI General Ledger and MRI Commercial Management. By permitting users to analyze data from multiple sources simultaneously, businesses are thus able to compile highly-accurate financial reports and projections. Multiple workbooks with check-in and check-out features increase collaboration and workflow by allowing users to work simultaneously on the same project while maintaining the data integrity and security that the MRI platform is known for. Users with access to the budget will see changes update in real-time and multiple opportunities to add notes increases the efficiency and communication across the team. Moreover, Budgeting & Forecasting runs on an easy to use Web-based interface, empowering clients to quickly and easily navigate within the software and drill down for more detail when necessary.

To learn more about MRI Budgeting & Forecasting, please visit our website.

About MRI Software
MRI offers property management software solutions to the global real estate management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, please visit http://www.mrisoftware.com.

About Tanger Properties LP
Tanger Factory Outlet Centers, Inc. is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers in 26 states coast to coast and in Canada, totaling approximately 13.3 million square feet leased to over 2,800 stores operated by more than 470 different brand name companies. More than 180 million shoppers visit Tanger Factory Outlet Centers annually. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the company's web site at http://www.tangeroutlet.com.

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April Haviland
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