Cleveland, Ohio (PRWEB) April 03, 2014
Glimcher Realty Trust was looking to streamline their financial budgeting process and selected MRI’s Budgeting & Forecasting (B&F) suite after learning of the robust reporting capabilities and intuitive interface. MRI Budgeting & Forecasting empowers users to create the robust multifunction budgets and forecasts a real estate business requires, including lease level recovery calculations. The solution includes reforecasting capability, providing the ability to handle financial adjustments as they occur, as well as a user-friendly Web-based interface to improve the overall product experience.
Glimcher will also enjoy a higher degree of accuracy within their financial reports as the solution will greatly reduce manual data entry errors since it is completely integrated with the rest of the MRI system. Budgeting & Forecasting will pull existing data such as current and historical actual amounts, departments, leases, rent steps, recovery setup, and area history directly from MRI Commercial Management – thus significantly improving overall efficiencies.
“We are thrilled that a company with a notable presence within the real estate industry is utilizing our latest financial offering,” said Patrick Ghilani, President and Chief Operating Officer at MRI Software. “A lot of the enhancements to Budgeting & Forecasting were based on client feedback, so we’ve seen a lot of product adoption within our client base.”
For more information about MRI Budgeting & Forecasting, 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 Glimcher Realty Trust
Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed use, open-air and enclosed regional malls as well as outlet centers.