Hertz Investment Group Selects MRI Software for Their Property Management Needs

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Recognizing the value in MRI’s industry-leading property management software, Hertz Investment Group will utilize MRI’s robust and highly flexible Commercial Management solutions.

I’ve been a big MRI fan in the past as I’ve used the application at several companies I’ve worked for so I had high hopes that this would be the proper solution for our growing company. - William Brown, VP, Controller at Hertz

Hertz Investment Group, a fully integrated national real estate investment company in California, was looking for a property management solution to streamline their diverse portfolio of commercial properties. After considering several competitors, Hertz learned of all the product developments and enhancements that MRI implemented in recent years, and realized that MRI would provide the best value for their business.

“I’ve been a big MRI fan in the past as I’ve used the application at several companies I’ve worked for so I had high hopes that this would be the proper solution for our growing company. It’s been several years since last using MRI and I’m very happy with the way the application has progressed over the years,” explained William Brown, VP, Controller at Hertz. “Although we’re still in the implementation phase I can already see the additional benefit we will be receiving over the current accounting program in place.”

Hertz Investment Group was particularly impressed with the updates made to MRI Budgeting & Forecasting, a solution that satisfies the need for a more robust financial analysis and planning offering. MRI Budgeting & Forecasting resides within the MRI database allowing Hertz to seamlessly pull current and historical data from their MRI Commercial Management product suite, thus improving efficiencies during the budgeting process. Facilitating collaboration on budgets within a single environment, 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.

“We are constantly analyzing and enhancing our product line in order to improve the end user’s overall experience with the solution,” said Ron Kolz, CSO at MRI Software. “We are happy that Hertz appreciates all the functionality and product enhancements that have occurred in the past few years and we have even more exciting developments planned for 2014 and beyond.”

Hertz will take advantage of MRI Commercial Management (CM), a completely integrated property management solution with robust, configurable reporting capabilities and automated processes. The solution is intended to maximize the profitability of a business’s investments and operations by increasing operational efficiencies and reducing the likelihood of human error. Additionally, by analyzing and providing precise information via extremely robust and flexible reporting, users are able to make more informed decisions and better optimize their business. Hertz Investment Group recognizes MRI’s commitment to powering maximum flexibility as well as the numerous other benefits that the MRI commercial suite of products would bring to their organization.

For more information about MRI’s Commercial Management software, 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, visit http://www.mrisoftware.com.

About Hertz Investment Group
Founded in 1979, Hertz Investment Group is a fully-integrated national real estate investment company specializing in the acquisition, marketing and management of exceptional properties throughout the country, encompassing prominent high-rise office buildings, international market centers for fashion, gift and jewelry, historically significant landmark properties, luxury hotels, high profile theaters, large retail centers, and multi-family residential properties. The key to Hertz Investment Group's growth and financial performance has been its strict adherence to the company philosophy of strategic acquisitions, aggressive market positioning and a dedication to maintaining the highest standards of quality in every area of operation.

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April Haviland
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