Colorado Realty firm extends MRI S/w to accounting

CLEVELAND, US: Alliance Commercial Partners, headquartered in Colorado, has chosen MRI Software’s hosted solution for its property management accounting needs.

Alliance Commercial Partners is a privately held real estate operating and investment company, focused on strategic acquisition, development, capitalization, repositioning and management of real estate assets. MRI Software is a provider of global real estate and portfolio management software and services.

Alliance plans to use MRI’s core suite of products for property management and accounting to manage its nearly 50 properties located throughout southern California, Colorado, Illinois and Arizona. Having previously outsourced their property management, Alliance needed a robust software solution that would allow them to internalize their accounting functionality. Since the vast majority of their third-party management companies were already using MRI, it was an easy transition to make.

“I was already familiar with the strong functionality of MRI,” explained Ben Hrouda, Director, Portfolio Accounting at Alliance. It has been a relatively seamless transition for the Alliance team to the new in-house software. Property managers in the field now access the Alliance database directly through a web portal. This allows for streamlined information, automated processes and transparency among all properties.

“We are looking forward to the transparency MRI will provide us, allowing easier dissemination of information and affording us operational benefits,” Hrouda added. “We plan to use the workflow tool with our asset managers internally to gain a sense of responsibility and accountability throughout the process.”