ECHO Realty Opts to Entrust MRI Software with Their Property Management Needs

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Looking to increase efficiencies in their budgeting and data management, ECHO Realty has partnered with MRI Software to streamline their process.

ECHO Realty’s previous hosting environment was functional, but we wanted to take them to the next level of data management. - David Post, CEO of MRI Software

Realizing inefficiencies in their budgeting process, ECHO Realty, LP, a full service developer, owner, and operator of commercial real estate, has expanded their relationship with MRI Software to include MRI Budgeting & Forecasting. In addition to this extension, ECHO saw the value in MRI’s award-winning Software-as-a-Service (SaaS) solution, and has opted to transfer the management of their data to this highly secured environment.

Previously, ECHO Realty relied solely on spreadsheets to build their budget, and were looking to modernize their property management process. After enjoying the functionality of MRI Enterprise Ledger and other commercial management solutions, ECHO wanted to automate their software as much as possible. Thus, they turned to Budgeting & Forecasting, which will significantly increase the accuracy of their expenditure calculations by utilizing complex reporting and analysis capabilities. The software will also integrate into ECHO’s existing MRI product suite, and apply the relevant considerations directly into ECHO’s annual budget.

“We are happy to empower ECHO Realty with Budgeting & Forecasting’s top-notch reporting abilities,” said David Post, CEO of MRI Software. “ECHO will be able to plan out impressively precise budgets with a much smaller time commitment.”

ECHO Realty was also impressed with MRI’s exceptional SaaS offering, and delegated the responsibility of their data management to MRI’s highly secure data center. MRI will host ECHO’s entire network of data and also provide recovery services in the event of a catastrophe or natural disaster. This transfer will allow ECHO to focus on running their business instead of worrying about network and server issues.

“ECHO Realty’s previous hosting environment was functional, but we wanted to take them to the next level of data management,” Post elaborated. “They will now enjoy a more secure exchange of information backed by MRI’s trained team of experts.”

To learn more about MRI Budgeting & Forecasting, visit http://www.mrisoftware.com/budgeting-and-forecasting.

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 ECHO Realty, LP
ECHO Realty is a privately held developer, owner, and operator of commercial real estate. Their portfolio totals more than 7.5 million square feet and currently includes over 150 properties located primarily in Pennsylvania, Ohio, Maryland and West Virginia. ECHO’s positive reputation as a leading retail developer arises from successful partnerships with land owners, local governments, consultants, tenants and financial institutions. They have built multiple locations for many category leaders, such as Lowe’s Home Improvement, Target, Wal-Mart, Best Buy, and Giant Eagle.

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April Haviland
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